The Ukrainian economy grew by 4.2% in 10 months. The drivers of growth remain the transport and construction industries, as well as the manufacturing industry, said First Deputy Minister of Economy Oleksii Sobolev. “The construction industry continues to show upward momentum due to the implementation of recovery programmes and increased demand for construction work. Transport…
Corporate and personal income taxes will not increase next year, Deputy Prime Minister and Finance Minister Lyudmila Petkova has announced. She also confirmed that the 2025 budget deficit would be kept within 3% of GDP, with a package of measures targeting both revenues and expenditures to achieve this goal. The budget for next year does…
Lithuania has risen by six spots, to the 22nd position among 67 countries in this year’s global digital competitiveness ranking, the Innovation Agency reports. In the 2024 ranking by the Switzerland-based International Institute for Management Development (IMD), Lithuania is the highest-ranking Baltic country, overtaking Estonia, which has dropped from the 18th to the 24th place.…
In the second quarter of the year, the housing price index in Bulgaria increased by 15.1% YoY, slightly lower than the 16% rise in the first quarter. Both new homes and existing properties saw price increases, with new homes rising by 15.6% and existing ones by 14.8%. This trend was also evident in the six…
On November 17, Russia launched a massive barrage of missiles and drones targeting Ukraine’s energy infrastructure, inflicting serious damage on equipment at thermal power plants, DTEK Group, the operator of thermal power generation, reported. According to tentative reports, the attack brought no casualties at the affected facilities. “After the strikes were over, emergency response teams…