A reduction in VAT introduced in 2022 to counter the rapid increase in prices cost the Polish budget PLN 37 billion (EUR 7.9 billion), a deputy finance minister said. Last year, Poland lowered the VAT rate on basic foodstuffs, fertilisers and fuels. The government also cut the excise tax on fuels and energy. “In 2022,…
Rating agency Standard and Poor’s (S&P) has maintained Poland’s economic growth forecast at 0.9% in 2023. At the same time, S&P upgraded its forecast for 2024 from 3.2% to 3.4%, the company said in a report published on March 28. Poland’s average annual inflation (HICP) is now expected to hit 11.8% and ease to 6.2%…
Irakli Garibashvili, the Prime Minister of Georgia, on March 27 said the Government funding of domestic healthcare programmes had hit GEL 7 billion ($2.7 billion) over the past 10 years, in comments marking an anniversary of the State Universal Healthcare Programme. The head of the Government said the 2012 initiative by Bidzina Ivanishvili, the founder…
The State Fiscal Service (SFS) will implement a voluntary compliance program for HoReCa taxpayers in the coming months. This topic was discussed at a meeting between deputy head of the institution Valeriu Vlas and representatives of the National Association of Restaurants and Recreation Facilities of Moldova (MAR). The program is based on an analysis of…
Refugees from Ukraine, who fled the war, had a positive influence on the Moldovan economy. They, being accommodated in the country, consumed goods bringing money to the national budget. At the same time, they saved the HoReCa branch, staying in hotels and tourist guesthouses in the Republic of Moldova. The conclusions are set in an…
Speaker Igor Grosu invited Romanian and American businessmen to invest in Moldova. The message was conveyed in Bucharest at the AmCham Romania 30th anniversary, the parliament’s communication and public relations department reported. The official assured the businessmen that the Parliament of the Republic of Moldova, together with the Presidency and the Government were working hard…
The purchasing power of Polish citizens reached 79% of the EU average in 2022, the head of a government-affiliated economic agency said. Buoyed by years of economic growth, Poland has been gradually catching up on its western European peers, and now appears to be closing in on parity. “Poland at 79% of European average in…