Latvia recorded faster gross domestic product (GDP) growth in the fourth quarter of last year compared with the average in the European Union, according to data published on March 6 by the EU’s statistical office Eurostat. According to seasonally adjusted data, Latvia’s GDP in the fourth quarter of 2025 increased by 2.5% YoY. Overall, economic…
South Korean defense industry giant Hanwha Aerospace has announced a major direct investment package of nearly EUR 100 million to support Estonia’s defense industry and technological independence. According to the company, the goal is to strengthen Estonia’s technological sovereignty and establish a regional center for territorial defense systems in the country. Including associated economic impacts…
The defense industry of the Czech Republic is interested in supporting Ukraine because it is beneficial for itself. This was stated by Martina Tauberova, Vice President for International Relations and Unmanned Aerial Vehicles at the Aerospace Industry Association. “The Czech defense industry is definitely interested in continuing to support Ukraine, as is Czech society. If…
Slovakia’s state budget deficit widened significantly in the first two months of 2026, as government spending continued to outpace revenues, according to the latest fiscal data. As of the end of February, the state budget recorded a deficit of EUR 1.44 billion, almost four times higher than the EUR 346-million shortfall recorded in January. The…
Since the beginning of the year, the budget has already received over UAH 4.2 billion of “Google Tax”. This was reported on her Facebook page by the Acting Head of the State Tax Service Lesya Karnaukh. This year’s revenues exceed the figure for January-February last year by UAH 0.7 billion. Then UAH 3.5 billion was…
First Deputy Prime Minister of Ukraine – Minister of Energy Denys Shmyhal held a meeting with the Swedish Ambassador to Ukraine Martin Oberg, during which they discussed the current state of cooperation in the energy sector and further directions for its expansion. Denys Shmyhal expressed gratitude to the Government of Sweden for adopting an additional…
In Bulgaria, the overwhelming majority of complaints about high electricity bills are coming from households that rely on electricity for heating, particularly through air conditioners, the Energy and Water Regulatory Commission (EWRC) reports. Plamen Mladenovski, chairman of the regulator, addressed a parliamentary hearing requested by the “Revival” group, explaining that almost 98% of the grievances…