The Polish government is looking into ways of increasing the tax burden for state-owned companies that note stronger profits owing to rising prices of commodities, the government spokesperson has said. Piotr Mueller was commenting on July 18 on hints made by Prime Minister Mateusz Morawiecki several days ago. Morawiecki said that in the case of…
Lithuania harbours ambitions to have its space sector generating approximately 1% of the country’s gross domestic product (GDP) in five years’ time, Economy and Innovation Minister Ausrine Armonaite has said. According to her, Lithuania joined the European Space Agency within mere two months, which proved that the country was serious in its intentions. A total…
Labour market reforms and investments to increase productivity could raise potential economic growth in Poland to 4% a year between 2022 and 2030, the World Bank has said in a report. This year and next the economy may slow down due to inflation and other factors. The report noted that the Polish economy had “quickly…
The Customs Service (SV) collected over 695.4 million lei (34.7 million euros) on July 11-17, up by 20.9% from the budgetary task set for this time interval. According to SV, private people brought goods, the value of which in customs exceeded the non-taxable limit, with over 8.1 million lei collected, which accounted for 3.6% of…
Ukraine calls on heads of U.S. and European banks to sever ties with companies that trade Russian oil and stop providing credits to finance Russian war crimes. “Economic advisor to the President of Ukraine, Oleg Ustenko wrote to bankers including JPMorgan Chase’s Jamie Dimon and HSBC’s Noel Quinn, asking them to stop financing companies that…
Since the beginning of the full-scale war of the Russian Federation against Ukraine, international partners have provided almost $13 billion in financial aid to Ukraine. “The international aid intensified at the end of June. Thanks to this, Ukraine received about $4.4 billion in June and in the first days of July. In total, since the…
The small and medium enterprises will benefit from a financial assistance in order to enhance the competitiveness at export. The parliament on July 15 ratified an agreement on loan with the International Bank for Reconstruction and Development (IBRD) and an agreement on financing with the International Development Association (IDA). Economics Minister Sergiu Gaibu unveiled the…