A total of GEL 1.8 billion ($0.66 billion) was returned to taxpayers in Georgia in the first 10 months of 2022 as part of the VAT return reform, the country’s revenue service announced. The reform involves returning the surplus generated from VAT payments through a “new and simplified” system upon delivery of VAT declarations. First…Details
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Inflation will peak at around 19% at the start of next year, but will fail to break the 20% barrier, says Adam Glapinski, governor of the National Bank of Poland (NBP). He added that inflation, which rose to 17.9% in October, should start to fall in the second quarter of 2023. Glapinski made the statement…Details
The Norwegian Government is preparing to contribute approximately NOK 1.5 billion (about $144 million) to the Britain-led International Fund for Ukraine. This was reported by the press service of the Norwegian Government. It is noted that this sum comes in addition to NOK 400 million that Norway previously has donated to the fund. According to…Details
From today, a new checkpoint Krasnoilsk – Vicovu de Sus has been operating on the Ukrainian-Romanian border. It was officially opened by Prime Minister of Ukraine Denys Shmyhal and Prime Minister of Romania Nicolae Ciuca during a joint visit to the Ukrainian-Romanian border on November 10. “After February 24, the western direction has become key…Details
The United Nations Development Program (UNDP) has launched an innovation competition for solutions aimed at harnessing renewable energy and stimulating innovations in the energy resilience, given the current energy crisis facing the Republic of Moldova. All proposals must be submitted until November 30. Through this competition, UNDP will finance renewable energy use solutions, encouraging partnerships…Details
Estonian state-owned postal service Omniva has unveiled its one-thousandth parcel machine in the Baltic States, which opened in the Lithuanian capital, Vilnius, on November 9. The latest addition is part of the expansion and renewal of the company’s network, which will see around 270 parcel machines being replaced or newly installed in the coming months.…Details
Lithuanian lawmakers on November 10 held their first hearing of the 2023 state budget bill and returned it to the government. Ministers will now look into MPs’ proposals and will later submit the adjusted budget bill to the Lithuanian parliament Seimas. According to Seimas Vice-Speaker Paulius Saudargas, the second hearing would take place no later…Details