Latvia has the second most competitive tax system among the member states of the Organisation for Economic Co-operation and Development (OECD), trailing only Estonia, according to the latest International Tax Competitiveness Index published by the U.S. think tank Tax Foundation. Latvia has ranked second in the index for the eighth year in a row. The…
The Government has prepared the draft state budget 2026 for its second reading in the Verkhovna Rada. This was announced by Prime Minister of Ukraine Yulia Svyrydenko following the Cabinet of Ministers meeting on November 5. “All decisions in this document have been developed in the context of the budget’s key priorities – security, defence,…
On November 3, Minister of Economy, Environment and Agriculture of Ukraine Oleksii Sobolev held an online meeting with the UK Minister of State for Business and Trade Chris Bryant. Also present were the Deputy Ministers of Economy, Environment and Agriculture of Ukraine Andrii Teliupa and Oleksandr Tsybort, as well as Francesca Scott, Director for Trade…
Whisky is now Poland’s fastest-growing alcohol export. Last year, 197 million zloty (EUR 46.3 million) worth of Polish whisky was exported, up from 40 million zloty in 2021, representing a fivefold increase. However, vodka remains Poland’s leading exported spirit, with foreign sales worth nearly 900 million zloty last year, according to a new report by…
The National Nuclear Energy Generating Company “Energoatom” reported that investigative actions were conducted in one of its branches. “Energoatom informed that on November 4, an investigation was carried out in one of the company’s separate divisions. The company is cooperating with the investigators and providing all necessary documents and explanations. Energoatom is interested in a…
Ukrainian President Volodymyr Zelensky has said that Ukraine still lacks $750 million out of the $2 billion needed to import natural gas for the current heating season. He said this at a briefing following a meeting with, among others, Prime Minister Yulia Svyrydenko and Energy Minister Svitlana Grynchuk. “As of today, we understand that we…
The Competition Authority has launched an investigation into nearly all of the country’s largest retail chains over potential unfair trading practices with food suppliers. The inquiry targets Coop Eesti Keskuhistu, Selver, Prisma, Rimi, Maxima and OG Elektra, the owner of Grossi Toidukaubad. Kristin Truus, a lawyer at the Competition Authority, said the agency focused this…