In October, annual harmonized inflation in the European Union increased to 2.3%, with the Eurozone reporting a rate of 2%, according to Eurostat data. Inflation rates in both the EU and the Eurozone have risen compared to the previous month, with the September figures at 2.1% and 1.7%, respectively. However, these rates remain significantly below…
The winner of the privatisation tender paid UAH 3.94 billion to the state budget of Ukraine for 100% of the shares of JSC United Mining and Chemical Company. This brings the total privatisation proceeds for 2024 to UAH 9.26 billion. In addition, UAH 1.029 billion of VAT was received. Thus, the total economic effect of…
The Ukrainian economy grew by 4.2% in 10 months. The drivers of growth remain the transport and construction industries, as well as the manufacturing industry, said First Deputy Minister of Economy Oleksii Sobolev. “The construction industry continues to show upward momentum due to the implementation of recovery programmes and increased demand for construction work. Transport…
Corporate and personal income taxes will not increase next year, Deputy Prime Minister and Finance Minister Lyudmila Petkova has announced. She also confirmed that the 2025 budget deficit would be kept within 3% of GDP, with a package of measures targeting both revenues and expenditures to achieve this goal. The budget for next year does…
Lithuania has risen by six spots, to the 22nd position among 67 countries in this year’s global digital competitiveness ranking, the Innovation Agency reports. In the 2024 ranking by the Switzerland-based International Institute for Management Development (IMD), Lithuania is the highest-ranking Baltic country, overtaking Estonia, which has dropped from the 18th to the 24th place.…
In the second quarter of the year, the housing price index in Bulgaria increased by 15.1% YoY, slightly lower than the 16% rise in the first quarter. Both new homes and existing properties saw price increases, with new homes rising by 15.6% and existing ones by 14.8%. This trend was also evident in the six…
The Government has adopted the Strategy for the Development of Agriculture and Rural Areas in Ukraine until 2030 and approved an operational plan for its implementation in 2025-2027. The decision was made at a regular meeting of the Cabinet of Ministers of Ukraine on November 15. This was announced by Vitalii Koval, Minister of Agrarian…