Director of the European Department at the International Monetary Fund (IMF) Alfred Kammer says that there is possibility for Moldova to get out of the current crisis earlier than the rest of Europe. In his statements made at the end of his three-day visit to Chisinau, the official noted that Moldova had been hit by…
Representatives of the Ukrainian tourism industry paid UAH 1.551 billion in taxes, down by almost 31% YoY, when the budget received UAH 2.231 billion, the press service of the State Tourism Development Agency reported. “Despite the war, the tourism industry of Ukraine is working, but it needs support from Ukrainians more than ever. By paying…
The Ukrainian Energy Ministry has handed over another power equipment shipment, totaling about 10 tons in weight, to Ukrhydroenerho PJSC. The relevant statement was made by the Ukrainian Energy Ministry. In particular, the shipment included generators and disconnectors provided by Japan, the Netherlands and the Republic of Korea in humanitarian aid to Ukraine. “We thank…
Global ratings agency Fitch has downgraded Poland’s GDP growth forecast for this year to 0.7% from 1.1% expected earlier. In its latest forecast, published on March 13, Fitch maintained its earlier prediction of a 2.6% economic growth in 2024. “With the energy crisis in Europe less severe than expected and energy commodity prices falling significantly,…
Poland’s competition watchdog, UOKiK, imposed a fine of over PLN 5.7 million (EUR 1.22 million) on the Polish subsidiary of German bank Deutsche Bank for damaging the collective interests of consumers, UOKiK announced on March 13. “Unacceptable unilateral changes to abusive contract provisions – in short defines the practice for which Deutsche Bank Polska has…
The Ministry of Agriculture and Food Industry (MAIA) has announced the launch of the call for applications for advance subsidy requests for investment projects on land improvement works and soil protection. Applications can be submitted until April 21. Landholders can obtain support from the state for the following measures: preventing and combating soil erosion; chemical…
Georgian external trade turnover amounted to $2.89 billion in January-February, up by 12.3% YoY, the Georgian National Statistics Office revealed on March 13. The value of exports rose by 20.3% and equalled $914.7 million, while imports grew by 9%, amounting to $1.98 billion in the reporting period. Trade deficit, a measure of the negative balance…