The government has approved the draft law on cash settlements, which provides for more accurate rules regarding the circulation of cash in the economic circuit and the orientation towards making payments by transfer. This will ensure the increase in transparency and security of transactions, the fight against tax evasion and unfair competition, the government’s communication…
The European Commission cut the GDP growth forecast in Poland to 0.4% in 2023, slightly down from 0.5% estimated earlier, while it maintained the estimate for 2024 at 2.7%, the Autumn European Forecast showed. “The Polish economy remained weak in the first half of 2023, but was set to return to growth in the third…
Energy-intensive industries in Bulgaria are facing a severe threat of curtailed operations or potential closures due to the soaring electricity prices. Dobri Mitrev, the head of the Bulgarian Industrial Association (BIA), highlighted this pressing issue, revealing that the budget for 2024 lacked provisions for energy compensations across various sectors. Mitrev conveyed the BIA’s communication with…
Ukrainian business is the major driver of recovery and growth, so supporting entrepreneurs is one of the Government’s key priorities. This was emphasised by Prime Minister Denys Shmyhal. “During the full-scale war, businesses have received 40,800 soft loans under the 5-7-9 programme worth UAH 159.8 billion. More than half of the recipients are agrarians, almost…
Since year-start, 5,960 businesses have been registered in Chernihiv region, of which 388 are entities and 5,572 are individual entrepreneurs, which is the highest figure in the last three years, Svitlana Poltoratska, Deputy Director of Economic Development at the Chernihiv Regional State Administration, has revealed. “This phenomenon can be explained by the simplification of taxation…
In October, inflation entered the variation range targeted by the National Bank of Moldova (BNM), reaching 6.3%. The figures are included in a report on inflation, presented by BNM governor Octavian Armasu. “Inflation continued to fall throughout the year. Dynamics was supported by several factors, primarily our previous monetary policy decisions, and modest domestic demand,…
Poland’s economic growth in 2024 will surprise to the upside and may significantly exceed 3%, the head of the Polish development fund PFR Pawel Borys has said. “I believe that Poland’s economic growth in 2024 will surprise positively and could be significantly above 3%,” Borys wrote on the X platform. “A soft landing scenario is…