Ukraine: Government supports bill harmonizing criteria for defining SMEs with EU legislation

The Cabinet of Ministers of Ukraine approved the draft Law “On Amendments to Certain Laws of Ukraine Regarding the Definition of Business Entities”, which fully harmonizes the criteria for classifying enterprises with European Union standards. The draft law modernizes approaches to defining micro, small and medium-sized enterprises (SMEs) and eliminates barriers that, due to outdated…

Latvia: Finance Minister explains state debt situation

Latvia is currently not considering a scenario of raising taxes, Finance Minister Arvils Aseradens (New Unity) has said. The minister stressed that Latvia’s public debt level remained moderate and that there was still room before reaching the Maastricht criterion ceiling of 60% of GDP. Aseradens also noted that the European Commission had approved Latvia’s budget…