The Georgian Government’s economic team has prepared amendments to the Tax Code of the country with regards to fiscal and tax policy parts of the code that concern the financial sector, Finance Minister Lasha Khutsishvili has said. Khutsishvili said banking institutions, credit unions, microfinance organisations and lending entities would see the “classical model” of income…
The European Commission has paved the way for EUR 3.85 billion to be invested in helping five of Poland’s coal-mining regions deal with the challenges of becoming carbon-neutral. Speaking in the southern city of Chorzow, which lies in the heartlands of Poland’s mining industry, Frans Timmermans, the EU’s climate policy chief, has said that the…
Kaufland Group continues to expand its store network in the Republic of Moldova and has opened its eighth store in the country. Located on 7 Kyiv Street in Chisinau, the new store will generate over 100 new jobs. In keeping with Kaufland’s international strategy, the company announced an investment in renewable energy and started equipping…
Ukraine is directly cooperating with the United States, as well as other countries, to introduce new effective sanctions against Russia after its missile attacks on Ukrainian cities. The relevant statement was made by Ambassador of Ukraine to the United States Oksana Markarova. “Certainly, we are providing all the information, working together with partners to ensure…
In 2014, the first Lithuanian satellite, Lituanica SAR-1, was launched into orbit. It became the inspiration for founding NanoAvionics, the first and so far the only space technology company in Lithuania. Now, it is among the leading satellite producers in the world, intending to be top in the universe, says Vytenis Buzas, head of the…
On November 28 – December 4, the Customs Service collected over 630.6 million lei (about 31.5 million euros) to the state budget. According to the Customs Service, during the period private people brought goods with the value in customs exceeding the non-taxable limit, and payments amounting to over 18.5 million lei were collected, which represented…
The ministers of foreign affairs of Estonia, Lithuania and Poland in a joint statement praised the approval of the price cap on Russian oil and called on the EU to speed up the preparation of the next round of sanctions on Russia. That’s according to a tweet by Estonia’s Foreign Minister Urmas Reinsalu. “We need…