The updated Canada-Ukraine Free Trade Agreement (CUFTA) enters into force on July 1. On June 26, Yuliia Svyrydenko, First Deputy Prime Minister and Minister of Economy of Ukraine, and Mary Ng, Minister of Export Promotion, International Trade and Economic Development of Canada, issued a joint statement on this historic event. According to the statement, the…
Purchase prices for milk have not changed compared to the beginning of June; the weighted average price of three grades was 13.44 UAH/kg excluding VAT, 6 kopecks less than a month ago. This was reported by the Association of Milk Producers (AMP). “Purchase prices stabilised in the second half of June, as the production and…
Prime Minister Donald Tusk has confirmed that a planned “mega-airport” and transport hub in central Poland, a flagship project of the former ruling Law and Justice (PiS) party, will go ahead. The decision ends months of uncertainty over the plans following December 2023 change of government. However, Tusk also accused PiS of wasteful spending on…
The European Commission’s latest report on convergence has determined that Bulgaria does not meet the necessary conditions for adopting the euro. This conclusion, announced on June 26, affects Bulgaria along with five other EU member states that are not yet part of the Eurozone. According to the report, Bulgaria falls short specifically on the criterion…
Compared to April, the average price of electricity in Baltic States went up by 26% in May and was 75.85 EUR/MWh, as noted by Latvenergo financial products specialist Inga Salcevica in the company’s latest Power Market Overview. The month prior the hourly electricity price in Baltic States varied from -7.41 EUR/MWh to 500.05 EUR/MWh. At…
On June 26, Minister of Finance of Ukraine Sergii Marchenko met with Minister of Economy, Trade and Business of Spain Carlos Cuerpo Caballero and Ambassador Extraordinary and Plenipotentiary of Spain to Ukraine Ricardo Lopez-Aranda Jagu. The meeting was also attended by Deputy Minister of Finance Alexander Kava and Ambassador Extraordinary and Plenipotentiary of Ukraine to…
In June, farmers received UAH 18.6 million in compensation for May for the purchase of domestically produced agricultural machinery. The Ministry of Economy approved the relevant order under the 25% partial compensation programme for locally produced agricultural machinery and equipment, which is part of the “Made in Ukraine” policy. This was stated by Yuliia Svyrydenko,…