The State Regulatory Service has drafted a bill proposing to increase at least 100 times fines for officials guilty of excessive administrative pressure on businesses. This was announced by the head of the SRS, Oleksiy Kucher. “We have an imbalance between responsibility for violations in state-business relations. If entrepreneurs disregard law, they face a fine…
The National Bank of Ukraine (NBU) sold $1.102 billion and bought $9.6 million on the interbank foreign exchange market over the past week. Following foreign exchange interventions, between December 26 and December 30, 2022, the National Bank sold $1,101.79 million on the interbank foreign exchange market and bought $9.6 million. In 2022, the National Bank…
Medical abortion becomes legal in Lithuania as of January. Women wishing to terminate pregnancy medically will be able to do so until the ninth week of pregnancy. Those opting for medical abortion will first need to consult with an obstetrician-gynaecologist. “First, the doctor must provide all the information related to the procedure. If the patient…
Latvian state enterprise Latvenergo reported that on December 30, 2022 a three-phase 110 kV transformer was delivered to Ukraine. It will be used to help restore the country’s energy infrastructure after Russian missile attacks. Responding to Ukraine’s request, Latvenergo made the decision to donate the three-phase 110 kV transformer to the country. This piece of…
Poland’s Purchasing Managers’ Index (PMI) rose to 45.6 points in December 2022 from 43.4 points in November 2022, economic researcher S&P Global reported on January 2. Despite the rise, the PMI was below the neutral 50-point mark for the eighth month in a row. Both manufacturing and new orders declined in December 2022 while employment…
Over 100 Maxima stores in Lithuania were closed on January 2 morning due to technical issues. The stores were closed due to configuration changes in the cash register system, according to Julija Vasiljeviene, head of the Process and Quality Management Department at the supermarket chain. “Some stores are currently closed due to technical difficulties related…
Ukraine’s economy has adapted to war-time conditions and is ready for new challenges. The relevant statement was made by Ukrainian Prime Minister Denys Shmyhal on Facebook. “Ukraine has entered 2023 determined, invincible, united in its desire to defeat the enemy and liberate its land. And we will definitely do so,” Shmyhal wrote. Shmyhal expressed gratitude…