President of Ukraine Volodymyr Zelensky has emphasized the need to strengthen sanctions against Russia and noted that some Austrian businesses continue to work in the Russian Federation. He said this at a joint press conference with President of Austria Alexander Van der Bellen in Kyiv. “We discussed in detail the cooperation of our states at…
Thresholds for low-value public procurement contracts have been increased, following the impact of recent inflation. Parliament voted on February 2 amendments to the Law on public procurement in the second reading. Thus, the thresholds for public procurement are increased by 50%. As a result, for contracts for the purchase of goods and services the amount…
The Community Centre and the Library of the Camenca village, northern Glodeni district, have been endowed with furniture, modern technology and traditional costumes. The project’s value, which is part of the European Village Programme, is 1.5 million lei (75,000 euros). New furniture was purchased also for the Community Centre from the Pociumbauti village, northern Rascani…
Ukraine’s need for international financing in 2023 remains significant and amounts to about $3 billion per month. This is stated by the press service of the Ministry of Finance of Ukraine following the working visit of the Ministry’s leadership to Luxembourg. During the panel discussions, representatives of the Ministry of Finance and international partners discussed…
Ukraine’s recovery should contribute to solving many global problems, including the food and energy crises in the world. This was stated by Prime Minister of Ukraine Denys Shmyhal during his speech at an event at the American Chamber of Commerce organized by the U.S. International Development Finance Corporation (DFC). “We know that DFC usually provides…
Poland should remain a “green island” in 2023 and avoid the recession threatening other European countries, with GDP growth estimated at 1.7%, a deputy finance minister has said. Artur Sobon said that the 4.9% GDP growth for 2022 reported by the Central Statistical Office (GUS) on January 30 was a “very good result.” It followed…
While annual inflation in Georgia has “passed the peak” and is on a downward trend, the country’s National Bank (NBG) will pursue a “tight monetary policy” throughout the year to “reduce the risk of rising inflationary expectations” in the medium term. The NBG made the statement following the decision of its Monetary Policy Committee to…