On January 29, French billionaire Xavier Niel announced that his investment company, NJJ Capital, agreed to pay $500 million for Turkcell Iletisim Hizmetleri AS’s Ukraine units. The relevant statement was made by Bloomberg. According to Niel, his company’s telecom operations are already in neighboring Poland through Iliad, and the large amount of roaming traffic between…
Estonia, Latvia and Lithuania’s development agencies signed an agreement to increase bilateral and trilateral cooperation on their shared goals. The memorandum of understanding will allow Lithuania’s Central Project Management Agency, the Central Finance and Contracting Agency of Latvia (CFCA) and the Estonian Center for International Development (ESTDEV) to share information and expertise more effectively and…
Bulgaria’s journey toward Eurozone membership has taken a significant step forward, with Finance Minister Asen Vassilev projecting a prospective entry date of January 1, 2025. In a collaborative effort to bolster regional ties, Vassilev engaged in fruitful discussions with Greek Finance Minister Stavros Papastavrou. The ministers underscored the robust and cooperative relationship between Bulgaria and…
Foreign companies invested over EUR 7 billion in Poland last year which almost doubles the 2022 figure of EUR 3.7 billion, the head of the Polish Investment and Trade Agency (PAIH) reported. Marcin Fabianowicz, PAIH director, said that the record value of foreign direct investments (FDI) in 2023 was guaranteed primarily by Intel’s decision to…
Prime Minister Dorin Recean and his Hungarian counterpart Viktor Orban, at a meeting in Budapest, discussed possibilities of attracting new investments in Moldova, consolidate the cooperation in the priority sectors and the implementation of the reforms, which ensured the welfare of the citizens. The prime minister of Hungary informed about the resumption of the Chisinau-Budapest…
The overall state budget revenues in 2023 amounted to more than 64.6 billion lei (about 3.23 billion euros), up by 9% YoY. The Finance Ministry unveiled information to this effect on January 26. The collections from the revenues administered by the State Fiscal Service (SFS) represent about 27.5 billion lei and from those managed by…
On January 23, Ministry of Finance raised more than UAH 6 billion to the state budget at an auction for the placement of domestic government bonds. The press service of the Ministry of Finance said this in a post on Facebook. “Today, the Ministry of Finance placed bonds worth more than UAH 6 billion in…