The price of oil that would allow the government to cover all expenses and achieve a balanced budget amounted to $93 per barrel in 2025, according to analysts at Alfa-Bank. Compared to 2024, the budget-balancing price increased by $4, compared to 2023 – by $7, and compared to the pre-war 2021 – by $21. As…
The commissioning of the “Karat” microchip factory in the Novokoltsovsky district of Yekaterinburg has been postponed until the end of 2027, according to the head of the Middle Urals Development Corporation (KRSU), Andrey Misiura. Previously, it was planned that the enterprise would be launched by the end of 2026, and it would meet 100% of…
The Cabinet of Ministers of Ukraine approved the draft Law “On Amendments to Certain Laws of Ukraine Regarding the Definition of Business Entities”, which fully harmonizes the criteria for classifying enterprises with European Union standards. The draft law modernizes approaches to defining micro, small and medium-sized enterprises (SMEs) and eliminates barriers that, due to outdated…
Latvia is currently not considering a scenario of raising taxes, Finance Minister Arvils Aseradens (New Unity) has said. The minister stressed that Latvia’s public debt level remained moderate and that there was still room before reaching the Maastricht criterion ceiling of 60% of GDP. Aseradens also noted that the European Commission had approved Latvia’s budget…
Slovakia will relaunch its retail government bond programme in March, offering two new bond issues to individual investors with lower yields than last year, the Finance Ministry has said. The state plans to sell up to EUR 400 million worth of bonds, with the option to increase the total to EUR 500 million if demand…
Lithuanian Prime Minister Inga Ruginiene on January 29 dismissed speculation that the United States had urged Lithuania to resume the transit of Belarusian potash fertilisers, saying the issue was being unnecessarily escalated. “We are escalating many issues that perhaps do not need to be escalated at all. One of them is the transit of fertilisers…
It will take months to restore Kyiv’s own electricity generation capacity, so power cuts will continue in the city for the foreseeable future. This assessment was made at a briefing by Oleksandr Kharchenko, Managing Director of the Energy Industry Research Center. He stressed that the period since January 9 had been the most difficult for…