The Latvian government and Competition Council have approved Eesti Gaas’ acquisition of Gaso, a subsidiary of Latvijas Gaze, the Latvian natural gas distribution network. Infortar, the proprietor of Eesti Gaas, has been waiting for this permission before making preparations to go public. Eesti Gaas agreed to buy Latvijas Gaze’s subsidiary Gaso in mid-April, with the…
North-South railway corridor: Valcinet – Ocnita – Balti – Ungheni – Chisinau – Cainari will be rehabilitated. To carry out the works, the European Commission (EC) offers the country a grant worth 20 million euros, and the European Bank for Reconstruction and Development (EBRD) grants a loan of 23 million euros. The loan and grant…
Global rating agency Standard and Poor’s (S&P) has raised Poland’s economic growth forecast to 1.1% in 2023 from 0.9% expected earlier. At the same time, S&P cut its forecast for 2024 by 0.2%, to 3.2%, the company stated in a report published on June 26. According to the agency, after 2023, economic growth in Poland,…
The Government has adopted Resolution No. 631 “On approval of the budget of the Pension Fund of Ukraine for 2023”. The budget revenues of the Pension Fund of Ukraine are set at UAH 768.9 billion, including: – UAH 451.1 billion – own revenues; – UAH 27.7 billion – funds from mandatory state social insurance; –…
Since the launch of the State Programme Affordable Loans 5-7-9%, business entities have received 64,485 loans from authorised banks totalling UAH 208.75 billion, of which 42,964 from public sector banks totalling UAH 91.3 billion (as of June 26). Over the past week, 361 soft loans totalling UAH 1.7 billion were issued under the programme, including…
The National Bank of Moldova (BNM) has decided to cap the interbank fees charged for payment card transactions. Thus, the commissions will be reduced, in three stages over two years, from 1.6% and 2.5%, as it is now, to 0.5-0.6%. According to the BNM, the action will directly lead to a decrease in the costs…
The Polish government would extend the zero-VAT rate on some foodstuffs until the end of 2023, the prime minister announced on June 26. Under current regulations, the zero-VAT rate on some staple foods, such as vegetables and dairy products, which was introduced on February 1, 2022, was due to expire at the end of June.…