In the next six months, Ukraine’s defense production volumes will be growing on a monthly basis. The relevant statement was made by Ukrainian Strategic Industries Minister Oleksandr Kamyshin at Kyiv International Economic Forum. According to Kamyshin, most of what is exported from Ukraine has been produced in Ukraine. Most of what is delivered to the…
Deputy Prime Minister, Minister of Economic Development and Digitalization Dumitru Alaiba presented a new package to reduce bureaucracy in order to facilitate the activity of the business environment. “Entrepreneurs will save about half a billion lei (25 million euros) annually or 0.2% of GDP, following reducing tax and customs bureaucracy. The draft law, approved by…
The Minister of Energy Rumen Radev announced that in the course of reducing pollution from energy production, the capacities from coal plants would also be replaced by new nuclear capacities – two AP1000 units at the site of the Kozloduy NPP – and new capacities from pumped-storage hydroelectric power plant. The horizon is until 2038.…
Managing Director of the International Monetary Fund, Kristalina Georgieva, praised the Ukrainian government’s efforts in the field of managing the economy amid war, noting that the economic recovery is happening quicker than the fund predicted. She said this during a roundtable discussion of support for Ukraine within the framework of the annual meetings of the…
The Government relies on the development of the Ukrainian military-industrial complex. It is based on new design solutions, manufacturability, technology transfer, and the creation of joint ventures with allies and partners, Prime Minister Denys Shmyhal has stated during a Government session. At a meeting on October 10, the Government approved a resolution to simplify the…
The entrepreneurs will save about half billion Moldovan lei annually or 0.2% of the Gross Domestic Product (GDP), following the reduction of the bureaucracy in the fiscal and customs fields. A draft law, approved by the Cabinet, will exclude administrative barriers and unjustified requirements and will contribute to the facilitation of the business environment’s work,…
The Cabinet of Ministers has approved the new minimum wage parameters. From January 1, 2024 it becomes 933 leva (or 477 euros), which is nearly 20% more than the current minimum wage. It is calculated according to the new formula, based on the annual average salary. “Today we are about to make one of the…