The Cabinet of Ministers of Ukraine has approved a draft law developed by the Ministry of Justice “On Amendments to the Code of Ukraine on Bankruptcy Procedures to Introduce Simplified Procedures for Micro-Enterprises and Small Enterprises”. The document was prepared in fulfilment of step 3.7 of the Ukraine Facility and aims to create a more…
The Cabinet of Ministers of Ukraine has approved the budget of the Pension Fund of Ukraine for 2026. The total volume of revenues and expenditures will amount to UAH 1,263.3 billion. “The Pension Fund budget for 2026 is balanced and deficit-free, and it ensures timely financing of all social payments provided for by law. At…
Estonian supermarket chains are increasingly stocking and selling products under their own private labels. However, according to the Estonian Food Industry Association, the continued expansion of these owned brand goods may pose a risk to domestic producers. Private label or own-brand products are made to order for retail chains, carry the store’s own branding and…
On February 5, Minister of Defence Andris Spruds participated in the signing of a memorandum of understanding on establishing a specialised anti-tank mine and key component production facility in Latvia. The memorandum was signed by State Defence Corporation Ltd, represented by board member Ingrida Kirse, and the German defence industry company Dynamit Nobel Defence GmbH,…
The practical aspects of certifying force majeure and their impact on the possibility of exempting taxpayers from liability for violations of the law were discussed during a meeting between the Deputy Head of the State Tax Service, Teodozia Chernetska, and representatives of the Chamber of Commerce and Industry of Ukraine and its regional divisions. The…
A major Russian developer, the Samolot group of companies, applied to the government for state support. The company’s shareholders are ready to provide the state with blocking and more shares with participation in management and the right to repurchase at a new price. This is stated in a letter from Samolot’s CEO, Anna Akinyshina, addressed…
The risks to the financial stability of metallurgical companies are increasing, the Center for Strategic Research noted in a review titled “How Steel Was Cooled”. Domestic demand and prices for most types of ferrous metallurgy products are falling, which is rapidly worsening the financial performance of companies, the Center for Strategic Research notes and warns:…