Ukraine: work on legal mechanisms to combat fraud with EU funds intensified

On August 31, a meeting of the Interagency Coordination Council for countering violations affecting the financial interests of Ukraine and the EU was held, chaired by Deputy Prime Minister for European and Euro-Atlantic Integration of Ukraine Olha Stefanishyna. The participants focused on Ukraine’s fulfilment of its obligations under the Association Agreement in terms of financial…

Poland: GDP to increase in Q4 2023

Poland’s economy will expand by 2-2.5% in the fourth quarter of the year, while inflation will fall to 6.5-7%, the president of the Polish Development Fund (PFR) has said. “Real incomes are likely to grow by 2-3%,” Pawel Borys wrote on X on August 31, adding that this should increase consumption. “But investments and exports…

Moldova: government approves national programme to develop public procurements system for 2023-2026

The development of an advanced public procurements system is the basic principle promoted through the national programme on the development of public procurements system for 2023-2026, approved by the Cabinet on August 30 at an initiative of the Finance Ministry. The main goals provided for in this programme refer to: approximation of the national legislation…

Ukraine: prices “more or less stable” despite war

Mykhailo Nepran, the first vice-president of the Chamber of Commerce and Industry of Ukraine, a member of the Ukrainian Business Council, admitted possible price fluctuations due to market conditions while dismissing any reasons for price panic. The pundit made the comment speaking of the government reducing the list of “socially significant products” for which the…

Ukraine: South Korea to increase aid

South Korea will provide 520 billion won ($394 million) in financial assistance to Ukraine in 2024. The aid package includes 130 billion won for reconstruction, 260 billion in humanitarian aid and another 130 billion won through international organisations, according to South Korea’s 2024 budget. In July, President Yoon Suk Yeol announced his country would provide…