The International Monetary Fund (IMF) expects that Ukraine’s general government gross debt may rise to 94% of GDP in 2024, which is lower than the previous forecast. The relevant data were included in the IMF’s Fiscal Monitor report, which was presented by IMF Fiscal Affairs Department Director Vitor Gaspar in Washington on April 17. According…
About 2,000 Moldovan companies are currently exporting to the European Union. The figures were presented by Deputy Prime Minister, Minister of Economic Development and Digitisation Dumitru Alaiba. He said: “This number, which at first glance may seem insignificant, should be seen in light of the fact that many of the companies operate as agents for…
The path to Eurozone accession for Bulgaria may see a significant milestone in 2025, albeit not at the outset of the year, according to Dimitar Radev, the governor of the Bulgarian National Bank (BNB). Speaking from Washington during the annual Spring meetings of the World Bank and the International Monetary Fund, Radev outlined a timeline…
On April 17, the U.S. Chamber of Commerce hosted the U.S.-Ukraine Partnership Forum. The event was attended by representatives of the governments, businesses from both countries and leading financial experts. Ukraine was represented by Prime Minister Denys Shmyhal, Minister of Finance Sergii Marchenko and Deputy Minister of Finance for European Integration Yuriy Draganchuk. The Forum…
Poles are on average 40% richer than they would have been if the country had not joined the European Union, according to a new report by the Polish Economic Institute, published ahead of next month’s 20th anniversary of Poland’s EU accession. PIE’s analysts calculated that Poland’s GDP per capita in purchasing power parity (PPP) terms…
In Lithuania, an auction for an offshore wind farm was declared unsuccessful because only one company submitted a bid. Developers likely expected larger subsidies. According to Timo Tatar, former deputy secretary for energy at the Ministry of Climate, the current market situation requires that countries make an effort to attract developers. The Lithuanian Ministry of…
Since the launch of the Vlasna Sprava (Own Business) programme, 15,600 Ukrainians have become winners and will receive microgrants from the state to start or develop their businesses totalling UAH 3.7 billion. The winners of the sixth wave of the programme this year are 573 Ukrainians who will receive UAH 136 million to develop their…