Bulgaria: energy sector is poised for growth as eurozone entry spurs major funding boost

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Energy Minister Zhecho Stankov shared encouraging news for Bulgaria’s energy sector, highlighting that financial institutions were prepared to provide funding eight times greater than what was required for the construction of the Vertical Gas Corridor infrastructure. He attributed this favorable development to the positive momentum following Brussels’ announcement confirming Bulgaria’s eurozone entry starting from January…

Ukraine: URC results in signing of five agreements on defence industry cooperation

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During the Ukraine Recovery Conference (URC), five agreements were signed to foster cooperation in the defence industry. An agreement on cooperation was signed between the Ministry of Strategic Industries of Ukraine and the Italian Ministry of Defence. This joint commitment aims to promote collaboration between Ukrainian and Italian defence companies, addressing needs for components and…

Ukraine: Ministry of Finance delegation discusses implementation of best tax practices with OECD

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From July 8 to 11, representatives of the Ministry of Finance of Ukraine held a series of working meetings with experts from the Organisation for Economic Co-operation and Development (OECD). The discussions focused on Ukraine’s strategic initiatives in international taxation, harmonization of legislation with EU tax standards, preparations for OECD accession and further adaptation of…

Latvia: Rail Baltica construction begins

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The implementation company of the “Rail Baltica” railway project in Latvia, SIA Eiropas Dzelzcela linijas (EDzL), and the mainline constructor ERB Rail have signed an agreement to start construction work. Construction of the Rail Baltica mainline in Latvia will begin on the southern section from Misa to the Lithuanian border, which is divided into several…