The World Bank approved a EUR 300-million loan to support reforms and mitigate the impacts of the COVID-19 pandemic in Ukraine. “The World Bank’s Board of Executive Directors approved the EUR-300 million Second Economic Recovery Development Policy Loan (DPL) for Ukraine in support of reforms critical to the country’s economic recovery and growth, and to…Details
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On December 16, the Verkhovna Rada of Ukraine passed at the second reading the law on the creation of preconditions for sustainable development and modernization of domestic industry, providing for the establishment of localization requirements when purchasing machine-building products. Bill No. 3739 was supported by 323 MPs. The adopted document improves the public procurement procedure…Details
A China-controlled Spanish firm that has won Lithuania’s tender to build a railway bridge over the Neris River poses a threat to national security, a government panel has decided. The bridge is part of the Rail Baltica European standard-gauge railway project implemented by Lietuvos Gelezinkeliai (Lithuanian Railways, LTG). “The commission has decided that LTG Infra’s…Details
Latvia’s Ministry of Environment Protection and Regional Development Minister Arturs Toms Pless signed the order on the halting of Jurmala City Council’s regulations regarding the increase of the entry fee and extension of its application from five months to a full calendar year, as confirmed by the ministry. On September 30, Jurmala City Council members…Details
Terms of writing off accrued penalties, sanctions and fines in payment of the principal amount of tax and insurance fee arrears have been expended, the State Tax Service of Kyrgyzstan reports. According to the law dated December 1, penalties, sanctions and fines will be written off by 100% for those citizens, who will pay off…Details
In the third quarter of 2021, the hourly labor costs in Estonia rose by 8% YoY, whereas the corresponding growth was 2.5% in the euro area and 2.9% in the European Union. In the second quarter, hourly labor costs increased by 0.5% in the EU and by 5.1% in Estonia, according to figures published by…Details
The World Bank’s Board of Executive Directors has approved the provision of $400 million in financing to Uzbekistan as part of the Development Policy Operation (DPO), the WB press service has reported. The purpose of the operation is to help the government implement socio-economic reforms that will help accelerate the country’s transition to an inclusive…Details