Outlines of the decisions necessary for the transfer of frozen Russian assets and those of individuals affiliated with Russia to the benefit of Ukraine are now being drawn up, President Volodymyr Zelensky has declared. “The issue of frozen assets was one of the very important decisions addressed during the negotiations this week. In particular, in…Details
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Moldova will receive a loan of 41.205 million euros from the European Investment Bank (EIB) and a grant of 12 million euros from the European Union. The financial resources will be directed to the rehabilitation of the railway corridor Valcinet-Ocnita-Balti-Ungheni-Chisinau-Cainari. The financing contract was signed by Minister of Finance Petru Rotaru and Director for Enlargement…Details
Italy has emerged as the new budget-friendly ski destination in Europe, surpassing Bulgaria in affordability, according to a recent study conducted by British travel agencies. Borovets and Bansko, the Bulgarian ski resorts, secured second and sixth positions respectively in an annual analysis evaluating the value-for-money offered by ski holidays. The study, conducted by British tour…Details
Latvian, Lithuanian and Estonian state auditors have signed a cooperation agreement regarding important aspects and problems uncovered in Rail Baltica project’s implementation and financing so far, representatives of Latvian State Audit (VK) report. An assessment of the situation in regards to the project’s implementation, financing and international cooperation-related matters will be performed with Latvia, Lithuania…Details
Pawel Mucha, a board member of the National Bank of Poland (NBP), has apparently criticised his boss for the amounts of bonuses he takes. Mucha, a former presidential official, has been in conflict with the central bank governor, Adam Glapinski. “The NBP President’s bonuses for the first quarter – 3x, second quarter – 3.5x, third…Details
Ukraine, together with its American partners, continues to move towards the complete removal of russia’s monopoly on the nuclear technology market. On December 17, in the presence of the Minister of Energy of Ukraine German Galushchenko, President of SE NNEGC Energoatom Petro Kotin and President and CEO of Westinghouse Electric Company Patrick Fragman signed an…Details
Ukraine: active business lending by banks to stimulate economic development and strengthen country’s defence capability
Reconstruction of destroyed housing, incentives for banks to participate in government programmes and active lending to small and medium-sized enterprises, increasing trust in government institutions and the banking sector – these and other issues were discussed by First Deputy Prime Minister and Minister of Economy of Ukraine Yuliia Svyrydenko with representatives of Ukrainian and international…Details