The collections to the national public budget, managed by the State Fiscal Service (SFS) since the beginning of this year have amounted to 14.7 billion lei. The collections grew by 2.2 billion lei or by 17.8% YoY. Thus, about 7 billion lei (350 million euros) was collected in the state budget in 2023, up by…
It is necessary to introduce sanctions against Russia’s nuclear industry, which continues to earn money that is used to finance the war in Ukraine. The relevant statement was made by Ukrainian Energy Minister German Galushchenko in an interview with Bloomberg. “What is also very important, following our discussion now, that is the sanctions on nuclear…
This year, Ukraine needs $14 billion to cover the most urgent needs. Minister of Finance of Ukraine Serhiy Marchenko said this at the first event within the framework of the newly created Ukraine Reconstruction Platform via video link. Marchenko recalled that last week the World Bank assessed Ukraine’s losses as a result of Russian aggression…
A reduction in VAT introduced in 2022 to counter the rapid increase in prices cost the Polish budget PLN 37 billion (EUR 7.9 billion), a deputy finance minister said. Last year, Poland lowered the VAT rate on basic foodstuffs, fertilisers and fuels. The government also cut the excise tax on fuels and energy. “In 2022,…
Malkhaz Dolidze, the Head of the Georgian Bread Manufacturers Union, on March 28 said prices of the product in Georgia were not expected to increase, and added efforts were actually being made to bring them down. Dolidze told a press briefing the price of a sack of flour had decreased by about GEL 10-15 ($3.88-5.83)…
On March 28, Politico reported that six EU countries, including Estonia and Lithuania, were profiting from sending military aid to Ukraine. According to the Lithuanian and Estonian governments, the report is misleading. According to Politico, the six countries calculated their reimbursement by the European Peace Facility (EPF) for aid to Ukraine based on new acquisitions…
Rating agency Standard and Poor’s (S&P) has maintained Poland’s economic growth forecast at 0.9% in 2023. At the same time, S&P upgraded its forecast for 2024 from 3.2% to 3.4%, the company said in a report published on March 28. Poland’s average annual inflation (HICP) is now expected to hit 11.8% and ease to 6.2%…