The entrepreneurs will save about half billion Moldovan lei annually or 0.2% of the Gross Domestic Product (GDP), following the reduction of the bureaucracy in the fiscal and customs fields. A draft law, approved by the Cabinet, will exclude administrative barriers and unjustified requirements and will contribute to the facilitation of the business environment’s work,…
The Cabinet of Ministers has approved the new minimum wage parameters. From January 1, 2024 it becomes 933 leva (or 477 euros), which is nearly 20% more than the current minimum wage. It is calculated according to the new formula, based on the annual average salary. “Today we are about to make one of the…
Proposals to ban ultra-cheap airline tickets may be symbolic, but it would definitely affect air travel in the Baltic States, where budget airlines take up a particularly big share of the market. Less polluting modes of public transport, such as rail, are also relatively underdeveloped. Ten-euro plane tickets are simply no longer feasible, says the…
In September alone, communities received UAH 16.9 billion of transfers from the state: basic, additional, reverse and other subventions. The total sum of transfers this year amounted to more than UAH 109 billion. This was announced by Prime Minister Denys Shmyhal during a Government meeting on October 10. “In 2024, local authorities will receive over…
The Cabinet of Ministers will double the funding for the micro-grant program for business development; next year it is planned to issue grants worth UAH 3.5 billion, the press service of the Ministry of Economy reports. “We see that the program is in great demand among Ukrainians, so next year we plan to double its…
The International Monetary Fund expects Bulgaria’s GDP growth to slow to 1.7% in 2023 from 3.4% last year, before accelerating to 3.2% in 2024. The fund’s autumn forecast was better than the spring report, according to which Bulgaria’s GDP was expected to grow this year by 1.4%. In spring, however, the IMF expected the Bulgarian…
On October 7-11, Moldova participates with a country stand in the world’s largest trade fair for food and beverages, Anuga, held in Cologne, Germany. The country presents a variety of agri-food products such as dried fruits, juices and cans, pastry and culinary, bee honey and bee products, as well as ice cream under a common…