There is no threat of default despite significant growth of Ukraine’s public debt, financial expert Serhiy Fursa has said. According to him, due to the constant need for additional borrowings, public debt will certainly increase – both in absolute numbers and to the volume of national GDP. “In normal times, I would say this would…
The Ukrainian Agrarian Policy and Food Ministry expects that Ukraine’s milk production volumes will reduce by 300,000-400,000 tons in 2023. The relevant statement was made by the ministry’s press service, referring to Ukrainian Agrarian Policy and Food First Deputy Minister Taras Vysotskyi. “In 2022, the production output of milk reduced by 1 million tons. According…
A passenger train between Vilnius and Riga will start running early next year, Lithuanian Transport and Communications Minister Marius Skuodis has said. It remains unclear whether the train would go via Siauliai in northern Lithuania or Daugavpils in Latvia. “Lithuania’s northern municipalities are showing great interest and willingness to have a passenger train running between…
The European Commission is addressing the transit tax introduced by Bulgaria for Serbia and Hungary for Russian natural gas, European Commission spokesman Olof Gill has said. “We are evaluating and discussing with the Bulgarian authorities these recently introduced measures. I can add that the policy of sanctions towards Russia has been outlined, revised and adopted…
Moldova will conclude a new defense cooperation agreement with France. The members of the Parliamentary Committee on Foreign Policy and European Integration approved the opinion to initiate negotiations. The initiative belonged to France and was expressed after the second Summit of the European Political Community 2023 was held in Chisinau. In 1998, the Ministry of…
Poland’s retail sales fell by 0.3% YoY and by 0.3% MoM in real terms in September, the Central Statistical Office (GUS) reported. Analysts surveyed by PAP were betting on a 2% annual decrease and a 1.3% monthly drop in real terms in September. At current prices, Polish retail sales went up by 3.6% YoY in…
Ukraine has received about $34 billion in loans and grants from international partners since the beginning of 2023. The relevant statement was made by the National Bank of Ukraine (NBU) on Telegram. “It is expected that international support will further continue, and the amount of financing will reach about $42 billion in 2024,” the report…