Slovakia has entered the final stage of expanding the Mochovce Nuclear Power Plant after operators began loading nuclear fuel into the facility’s fourth reactor, a milestone that will further increase the country’s reliance on nuclear energy. The state-owned nuclear regulator, the Nuclear Regulatory Authority, approved the reactor’s commissioning last week, clearing the way for Slovenske…
Armenian Economy Minister Gevorg Papoyan said the export restrictions imposed by Russia were the kind of challenge needed to encourage diversification of the country’s economy. Speaking to reporters after a meeting of the Civil Contract party board, Papoyan said tomatoes continue to be exported, while a significant share was also being sold on the domestic…
The Polish state-owned defense holding Polska Grupa Zbrojeniowa (PGZ) is considering opening an office in Ukraine to further develop cooperation with its Ukrainian partners. PGZ CEO Adam Leszkiewicz made the statement. “Our cooperation with Ukraine did not begin just a year or two ago. We have been working together for much longer and are continuously…
EUR 3.9 billion from the European Union has been transferred to the special fund of the state budget of Ukraine. This is the first disbursement under the first EUR 5.01-billion defence tranche of the Ukraine Support Loan. The funds will be directed to financing priority defence needs, including strengthening the capacity of Ukraine’s defence industry…
The Ministry of Finance of Ukraine has updated the Procedure for the Application of the Common Reporting Standard and Due Diligence of Financial Account Information (CRS). The standard takes into account the development of the modern financial system, in particular, the spread of electronic money, central bank digital currencies and financial instruments related to virtual…
Lithuanian President Gitanas Nauseda has proposed a new model for fixed-term work permits for foreigners and submitted legislative amendments to parliament. The President’s Office said on June 29 that the head of state aimed to improve migration management while addressing labour shortages in the national economy. Nauseda said Lithuania needed “well-managed, legal and efficient migration”…
Porsche is considering relocating Cayenne SUV production from Slovakia to its Leipzig plant in Germany. The potential move, first reported by the Frankfurter Allgemeine Zeitung (FAZ), would increase utilisation at the Leipzig factory as Volkswagen Group pursues a broader restructuring programme. According to the newspaper, the transfer would depend on workers in Leipzig accepting lower…