It is a paradox that ultimately hurts the customer. Although the value-added tax (VAT) on food served in restaurants fell to a historically low 5%, prices not only failed to drop but were now rising by almost 10%. A new analysis by the Institute for Financial Policy at the Finance Ministry (IFP) suggests that the…
Burgas Airport will close for major renovation, with operations set to resume on May 1, 2026. The airport is entering a six-month period of runway reconstruction and apron upgrades, marking a significant infrastructure investment of 50 million euros by its German concessionaire, Fraport. The closure coincides with the 19th anniversary of the start of the…
Prime Minister Alexandru Munteanu on November 10 had a meeting with Giuseppe Grimaldi, head of the European Bank for Reconstruction and Development (EBRD) operations in Moldova. The officials examined the progress of projects implemented with EBRD’s support, aimed at rehabilitating roads and enhancing energy security. Prime Minister Alexandru Munteanu emphasized the importance of the cooperation…
Over the past week, within the framework of the state program “Affordable Loans 5-7-9%”, representatives of micro, small and medium-sized businesses received 820 preferential loans from authorized banks for a total amount of UAH 2.6 billion, in particular, from state-owned banks – 530 loans for UAH 1 billion. Since the beginning of 2025, under the…
During the night of November 8, Russia carried out a massive missile-and-drone attack on Ukraine’s gas infrastructure, injuring an employee. Naftogaz CEO Serhii Koretsky reported this on Facebook. “Unfortunately, there were direct hits. One of our employees was injured and is currently receiving medical assistance. There is also damage to production equipment,” Koretsky said. He…
German companies in Slovakia are facing growing cost pressures and heightened uncertainty about the country’s economic direction, according to the latest AHK World Business Outlook published by the German-Slovak Chamber of Commerce (AHK Slowakei). The survey of 85 German firms shows that while many remain stable and operationally resilient, confidence in Slovakia’s broader economic environment…
During the past working week, fuel prices increased in the Baltic capitals, with the only exception being the price of diesel fuel in Riga, which remained unchanged, according to data compiled by the LETA news agency. At the end of last week, the highest gasoline price was recorded in Tallinn, followed by Riga and Vilnius.…