Bulgaria: Russian oil imports ceased

Effective from March 1, Bulgaria has officially halted the use and importation of Russian oil for fuel production, following a decision by the Parliament to drop the derogation. Initially slated to remain in effect until the end of the year, lawmakers opted to significantly shorten the timeline to avoid indirectly financing Russia amidst ongoing geopolitical…

Ukraine: Ministry of Finance attracts $1.2 billion from international partners in January-February 2024

In January-February, the general fund of the state budget of Ukraine received about $1.2 billion of external financing. Grants provided on a non-refundable basis accounted for 75% of the total amount of financial assistance. Among the donors were Japan – $901 million (concessional financing and grants), Norway – $295 million (grant) and Spain – $3…

Poland: onions from Russia imported en masse

Russia is the largest supplier of onions to the Polish market from non-EU countries, and the third after Germany and the Netherlands. This is reported by EastFruit analysts with reference to the official trade statistics of Poland. “From the beginning of the season (August 2023) to the end of December 2023, Poland purchased 24.3 thousand…

Moldova: cash payments to be limited

The cash payments will be limited. The parliament has approved, in the second reading, a draft law, which provides for norms on the circulation of cash money in the economic circuit and orientation to the carrying out of payments by transfer. The draft’s stipulations will be applied to the legal entities, no matter the type…