Poland’s government has announced that it will end the 0% VAT rate on food introduced two years ago to help soften the blow of soaring inflation. The Finance Ministry argues that the recent slowing of price rises renders the measure no longer necessary. However, the opposition Law and Justice (PiS) party, which introduced the VAT…
Bulgaria is interested in increasing gas supplies from Azerbaijan to the EU, a source at the Bulgarian Ministry of Energy reports. “Azerbaijan is a strategic economic partner of Bulgaria and an important source for diversification of natural gas supplies to our country. With the commercial operation of the Greece-Bulgaria Interconnector (IGB) as of October 1,…
The National Bank of Ukraine (NBU) sold $156.8 million on the interbank foreign exchange market over the past week. These are the results of currency interventions published on the central bank’s website. From March 4 to March 8, the National Bank sold $156.8 million and purchased $23.11 million on the interbank foreign exchange market. Since…
The National Bank is making gradual, cautious progress in the discussion on the use of immobilized Russian assets, Andrii Pyshnyi, the head of the National Bank, has said on his Facebook page. “We summarized the previous month at a meeting with representatives of the largest 30 banks. First of all, there were significant shifts in…
A contract has been signed to build what will be Poland’s longest tunnel, stretching almost 3.8 km (2.4 miles) through part of the Western Beskids mountains in the south of the country. Once completed, the tunnel and related rail modernisation will cut the train journey time between Krakow, Poland’s second-largest city, and Nowy Sacz, a…
About 2,500 patients with rare diseases are registered in Moldova, of whom more than a half are children. The state annually allocates over 60 million lei for their treatment. The subject was discussed at a national conference, organized by the Health Ministry, Nicolae Testemitanu State University of Medicine and Pharmacy (USMF), Pediatry Society of Moldova,…
Consumers may have noticed a slight uptick in fuel prices over the past month, with gasoline and diesel seeing modest increases in Bulgaria. According to data from the “Fuelo” platform, gasoline prices rose by 3 cents per liter (+1.14%), while diesel saw a slightly larger increase of 6 cents per liter (+2.21%). However, despite these…