Two Polish economic zones were recognised among top 10 global economic zones in the 2023 ranking by the fDi Intelligence analytical centre from the Financial Times group. Katowice Special Economic Zone (KSSE) in southwestern Poland won the first place in Europe, for the seventh time, and was ranked fourth best in the world. Lodz Special…
Prime Minister Denys Shmyhal has said that inflation will not exceed 8-9% in 2023. “We have managed to change the situation in 2023. We have inflation at the level of 8-9%. We will see in a year, but I am convinced that it will not be higher. We have $40 billion of international reserves. This…
Deputy Prime Minister, Minister of Economic Development and Digitalization Dumitru Alaiba presented a new package to reduce bureaucracy in order to facilitate the activity of the business environment. “Entrepreneurs will save about half a billion lei (25 million euros) annually or 0.2% of GDP, following reducing tax and customs bureaucracy. The draft law, approved by…
Managing Director of the International Monetary Fund, Kristalina Georgieva, praised the Ukrainian government’s efforts in the field of managing the economy amid war, noting that the economic recovery is happening quicker than the fund predicted. She said this during a roundtable discussion of support for Ukraine within the framework of the annual meetings of the…
The entrepreneurs will save about half billion Moldovan lei annually or 0.2% of the Gross Domestic Product (GDP), following the reduction of the bureaucracy in the fiscal and customs fields. A draft law, approved by the Cabinet, will exclude administrative barriers and unjustified requirements and will contribute to the facilitation of the business environment’s work,…
In September alone, communities received UAH 16.9 billion of transfers from the state: basic, additional, reverse and other subventions. The total sum of transfers this year amounted to more than UAH 109 billion. This was announced by Prime Minister Denys Shmyhal during a Government meeting on October 10. “In 2024, local authorities will receive over…
The Cabinet of Ministers will double the funding for the micro-grant program for business development; next year it is planned to issue grants worth UAH 3.5 billion, the press service of the Ministry of Economy reports. “We see that the program is in great demand among Ukrainians, so next year we plan to double its…