The United States Agency for International Development and Georgian Renewable Power Company have teamed up to develop a solar power project at the Qartli wind farm to increase Georgia’s clean energy production capacity during periods of low wind speed in the central municipality of Gori. The project aims to bring additional five megawatts of solar…
Lithuania’s Ministry of Finance has unveiled a new plan for taxing residential real estate. The tax will apply to around half of properties in each municipality and, according to the government, will be socially just. The new proposal sees taxing individual properties rather than the sum total of the value held by one owner. The…
Georgian deputy economy minister Mariam Kvrivishvili announced GEL 200 million ($73.81 million) would be allocated at the initiative of Prime Minister Irakli Garibashvili to improve tourism infrastructure and contribute to the creation of new jobs in the sector. Kvrivishvili also noted the government’s recently announced programme for developing new tourism locations while upgrading the existing…
The Verkhovna Rada approved in the second reading a Government draft law “On Chemical Safety and Management of Chemical Products”. This is a framework European integration document that will allow Ukraine to fulfill part of its obligations under the Association Agreement with the EU, as well as to ensure protection of Ukrainians and the environment.…
For the time being, the National Bank of Ukraine will stick to the fixed hryvnia exchange rate, as the regulator sees no reason to return to a floating rate, NBU Governor Andriy Pyshnyi has said. “The fixed exchange rate is also about shifting from market principles, but on the other hand, it is a forced…
Poland’s Purchasing Managers’ Index (PMI) rose to 43.4 points in November from 42.0 points in October, economic researcher S&P Global reported on December 1. Economists polled by PAP predicted the PMI would reach 42.8 points in November. “Manufacturing and new orders fell for another month in November, albeit the pace of decline slowed down compared…
Cars temporarily registered for testing in the Republic of Moldova will have special rules on road tax. The government has approved the note on the draft law for the amendment of some normative acts, submitted as a legislative initiative. Thus, the Tax Code will see that the subject of road use tax by vehicles registered…