The authorities will carry out a reassessment of the tax system, after which proposals will be presented regarding the value-added tax rate in HoReCa sector. Minister of Finance Andrian Gavrilita made the statements on February 25. He noted that the purpose of any proposed changes was to ensure fairness in the tax system and to…
Runikon Retail, which operated IKEA stores in Estonia, increased its turnover by nearly EUR 6 million in the past financial year, reaching nearly EUR 97 million. The company posted a profit of EUR 5.6 million. Runikon Retail said in its report that its turnover in the past financial year – which began in September 2024…
Since opening its representative office in Vilnius over four years ago, Taiwan has sought to boost economic cooperation and attract investment to Lithuania. According to the Ministry of Economy and Innovation, Taiwanese direct investment has risen from EUR 0.53 million in 2021 to EUR 7.21 million in 2024, but the total remains small. Relations between…
The Ministry of Economy, Environment, and Agriculture of Ukraine presented the main provisions of the draft Law of Ukraine “On the Implementation of European Union Legislation in the Field of Sanitary and Phytosanitary Measures” at a meeting of the Verkhovna Rada Committee on Agrarian and Land Policy. The document aims to bring national legislation into…
The Coordination Center for the Euro Adoption Mechanism held its regular briefing on February 23, highlighting that the process of adopting the euro in Bulgaria is progressing smoothly. One of the central points of discussion was the current inflation situation in the country. In January, the National Statistical Institute (NSI) released preliminary “flash inflation” data…
Housing prices in Poland have fallen on both the primary and secondary markets for the first time in over 12 years, new data from the National Bank of Poland (NBP) show. Previously, Poland saw some of the fastest-rising property prices anywhere in Europe. The NBP data show that, in the fourth quarter of 2025, average…
Ukraine’s Minister of Finance Sergii Marchenko met with the leadership of the World Bank, including Managing Director of Operations Anna Bjerde and Vice President for Europe and Central Asia Antonella Bassani. The meeting was also attended by Regional Vice President of the International Finance Corporation for Europe, Latin America and the Caribbean Alfonso Garcia Mora.…