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…
Proposals to ban ultra-cheap airline tickets may be symbolic, but it would definitely affect air travel in the Baltic States, where budget airlines take up a particularly big share of the market. Less polluting modes of public transport, such as rail, are also relatively underdeveloped. Ten-euro plane tickets are simply no longer feasible, says the…
In September alone, communities received UAH 16.9 billion of transfers from the state: basic, additional, reverse and other subventions. The total sum of transfers this year amounted to more than UAH 109 billion. This was announced by Prime Minister Denys Shmyhal during a Government meeting on October 10. “In 2024, local authorities will receive over…
The Cabinet of Ministers will double the funding for the micro-grant program for business development; next year it is planned to issue grants worth UAH 3.5 billion, the press service of the Ministry of Economy reports. “We see that the program is in great demand among Ukrainians, so next year we plan to double its…