The Government has adopted Resolution No. 631 “On approval of the budget of the Pension Fund of Ukraine for 2023”. The budget revenues of the Pension Fund of Ukraine are set at UAH 768.9 billion, including: – UAH 451.1 billion – own revenues; – UAH 27.7 billion – funds from mandatory state social insurance; –…
Since the launch of the State Programme Affordable Loans 5-7-9%, business entities have received 64,485 loans from authorised banks totalling UAH 208.75 billion, of which 42,964 from public sector banks totalling UAH 91.3 billion (as of June 26). Over the past week, 361 soft loans totalling UAH 1.7 billion were issued under the programme, including…
The National Bank of Moldova (BNM) has decided to cap the interbank fees charged for payment card transactions. Thus, the commissions will be reduced, in three stages over two years, from 1.6% and 2.5%, as it is now, to 0.5-0.6%. According to the BNM, the action will directly lead to a decrease in the costs…
The Polish government would extend the zero-VAT rate on some foodstuffs until the end of 2023, the prime minister announced on June 26. Under current regulations, the zero-VAT rate on some staple foods, such as vegetables and dairy products, which was introduced on February 1, 2022, was due to expire at the end of June.…
At the Ukraine Recovery Conference in London, countries and organizations pledged about $60 billion in aid to support the reconstruction of Ukraine, Prime Minister of Ukraine Denys Shmyhal wrote on Facebook. “Last week, was marked by the Ukraine Recovery Conference in London, where Ukraine received practical results that strengthen our resilience and accelerate reconstruction. Financial…
Over 60 Moldovan entrepreneurs participated in the third edition of the Moldova Presents exhibition, inaugurated in the Brasov city, Romania, on June 23. President of Moldova’s Chamber of Commerce and Industry (CCI) Sergiu Harea said that, starting from 2016, the institution had been organizing, traditionally, the participation of domestic companies in the Moldova Presents exhibition…
The Ministry of Economy, together with international partners, has agreed to launch the Ukraine Recovery Guarantee Facility, which will help provide war risk insurance to the private sector. The programme will initially focus on trade insurance, but will later be expanded to include investment insurance. This was stated in a multilateral letter of intent signed…