VAT revenues of the state budget increased by 40% compared to the first months of the full-scale war. This was stated by the Minister of Finance of Ukraine Sergii Marchenko in an interview with The Economist. “Despite systematic missile attacks by russia and blackouts, Ukraine’s economy continues to operate. Domestic consumption is growing, and international…
Poland’s current account deficit fell to EUR 549 million at the end of October, against a deficit of EUR 1.56 billion recorded at the end of September, according to central bank figures released on December 14. Market analysts expected the deficit to amount to EUR 800 million. Poland recorded a EUR 2.28-billion deficit in the…
About 1.28 million Georgian citizens aged 15 and above made 1.47 million monthly visits within the country in the third quarter of 2022 and spent GEL 346.3 million (about $130.44 million), the latest data published by the National Statistics Office of Georgia showed. The figures showed the monthly average number of visitors decreased by 6.7%…
Meat producer HKScan will sell its Baltic subsidiaries to Estonia’s AS Maag Grupp for EUR 90 million, the company has announced. The transaction will likely close in the second half of 2023 and is subject to regulatory approvals in Estonia and Latvia. “The sale of the Baltic business will improve HKScan’s profitability and strengthen its…
Lithuania is leading among EU countries in integrating Ukrainian refugees into its labour market. More than half of working-age Ukrainians that have arrived in the country after the Russian invasion in February have found jobs. Zigmantas Dargevicius said he wanted to help Ukrainian refugees and offered a number of them jobs with a hotel chain…
Ukraine has received a EUR 100-million loan on concessional terms from the French Development Agency. The funds are directed to the general fund of the State Budget to finance priority expenditures, in particular social and humanitarian. “We appreciate France’s contribution to maintaining the stability of Ukraine’s financial system, as well as its willingness to support…
On December 12, the European Commission and the Nordic Investment Bank signed the InvestEU guarantee agreement. The value of this agreement reaches EUR 114 million, as confirmed by the European Commission’s office in Latvia. This agreement will allow for attracting funding from the Nordic Investment Bank worth up to EUR 480 million for investments into…