The global giants of the digital market are increasing the volume of VAT payments to the state budget. In the first quarter of 2026, revenues from the “Google tax” amounted to UAH 4.5 billion. This was reported on her Facebook page by the Acting Head of the State Tax Service Lesya Karnaukh. “The dynamics are…
The Economic Development and Digitalization Ministry (MDED) estimates a 2.2% growth in the Gross Domestic Product (GDP) in 2026, followed by a gradual medium-term acceleration to 4.2% in 2029. This trajectory will be supported by the implementation of structural reforms and investment projects envisaged in the EU-backed Growth Plan. According to MDED, the outlook for…
Representatives of the hotel and restaurant sector in Bulgaria are calling for a reduced VAT rate of 9%, arguing that rising fuel prices are putting serious pressure on their businesses. According to industry organizations, such a measure is necessary to avoid closures and stabilize the sector during a period of growing costs. They warn that…
The company behind the planned EUR 300-million large-caliber ammunition factory to be built in the Pohja-Kivioli defense industry park is a Swedish defense industry firm. Defense Minister Hanno Pevkur (Reform) announced last week that the state had reached an agreement with a manufacturer of 155-millimeter ammunition to build a factory in Estonia, noting that the…
In March, the general fund of the state budget received UAH 169.4 billion in taxes and fees controlled by the State Tax Service. The plan was implemented by 101.9%. This was reported by the Acting Head of the State Tax Service Lesya Karnaukh on her Facebook page. In addition, the budget received UAH 3.1 billion.…