Estonia is the smallest of the Baltic States, while its national budget revenue and spending are the highest of all three countries – although Lithuania is set to overtake Estonia in both of these indicators in 2023, according to Svetlana Nesinova, senior tax consultant at BDO Latvia, in an interview with the Baltic Business Quarterly…
Parliament Speaker Igor Grosu has met representatives of the PPF Group international investment group, founded in the Czech Republic. The investment fund is made up of companies, which hold businesses in Moldova as well: Central European Media Enterprises (CME) media trust and the branch Premier Energy for Romania and Moldova, the parliament’s communication and public…
On June 13, the Cabinet of Ministers of Ukraine adopted a resolution “On the provision of state guarantees on a portfolio basis in 2023”. The draft resolution was prepared by the Ministry of Finance with the aim of increasing access to lending for micro, small and/or medium-sized enterprises (MSMEs) that do not have sufficient collateral…
The Government has decided to extend the UAH 7.8 billion programme of state-financed portfolio guarantees, Prime Minister Denys Shmyhal has announced. “One of the five recovery priorities we have identified is the recovery of our economy. According to preliminary estimates, in the first quarter of this year, GDP grew by 2.4% compared to the previous…
State Roads Administration (ASD) signed on June 13 a contract on construction of M3 road Chisinau – Comrat – Giugiulesti – Romanian border (Vulcanesti bypass), km 0+000 – km 8+580, with financial support of the European Bank for Reconstruction and Development (EBRD). This section, for the rehabilitation of which the EBRD will allocate over 20…
The government agreed on Poland’s 2024 draft budget, the prime minister told a press conference after a Cabinet meeting on June 13. Mateusz Morawiecki said the government had also agreed to raise the minimum wage. He added that compared to other European countries Poland’s current economic results “are nothing to be ashamed of”. “We have…
Work on pan-Baltic high-speed link Rail Baltica’s main line begins in earnest this year. Marko Kivila, acting head of the Riga-based joint venture RB Rail, said that the three Baltic States: “Have chosen different approaches to construction strategy,” which in part would reflect the different topography of the three countries. “If we look at what…