The Slovak food group I.D.C. Holding, owned by financier Pavol Jakubec, has announced its sale to Ireland’s Valeo Foods Group, backed by the global investment giant Bain Capital. “After 32 years of developing I.D.C. Holding from a local, traditional confectionary business into a major regional player in the category, it’s the right time for a…
Starting in 2029, heating with wood and coal will be entirely banned in Sofia. The regulation for this change was adopted two years ago, and the city began enforcing restrictions last winter, initially targeting polluting vehicles in the city center. This year, the ban on cars in central areas will be expanded. From January 1,…
In August, the Ministry of Finance made inter-budget transfers to local budgets in the amount of UAH 10.6 billion in accordance with the budget legislation, which was 107.1% of the allocations envisaged in the budget plan. In particular they included: – The basic subsidy in the amount of UAH 1.8 billion (100% of the allocation…
Over 60% of Ukrainian micro, small and medium-sized enterprises acknowledge a significant deterioration in their economic and financial performance indicators. The relevant statement was made by Alla Ivashchenko, Doctor of Economics, Associate Professor at Kyiv National Economic University named after Vadym Hetman, during the presentation “Resilience of Ukrainian Businesses amid Full-Scale Invasion”. According to Ivashchenko,…
Riga, which was previously been the leader among Baltic capital cities when it comes to the number of nights guests to the city spend there. This means Riga has lost its No. 1 position and is now No. 2, the President of the Association of Hotels and Restaurants of Latvia (LVRA) Andris Kalnins has said.…
On September 4, a roundtable discussion on the state of the energy sector and preparations for the heating season was held in Kyiv with the participation of Prime Minister of Ukraine Denys Shmyhal. It featured a U.S. delegation headed by Deputy National Security Advisor Jonathan Finer, Minister of Energy German Galushchenko, Acting Minister for Communities,…
The Defence Procurement Agency of the Ministry of Defence of Ukraine has signed the first contract for the purchase of ammunition for funds raised through the UNITED24 fundraising platform. The agreement provides for supplies worth UAH 47 million. “This is an important step in strengthening the defence capability of our army through new sources of…