The National Bank of Georgia on March 29 said even though inflation was “still high” in the country, the trends were following a “downward trajectory”, with the numbers expected to remain below the “target level” in the second half of the year. Statistics showed headline inflation decreased to 8.1% last month, while core inflation dropped…
The collections to the national public budget, managed by the State Fiscal Service (SFS) since the beginning of this year have amounted to 14.7 billion lei. The collections grew by 2.2 billion lei or by 17.8% YoY. Thus, about 7 billion lei (350 million euros) was collected in the state budget in 2023, up by…
This year, Ukraine needs $14 billion to cover the most urgent needs. Minister of Finance of Ukraine Serhiy Marchenko said this at the first event within the framework of the newly created Ukraine Reconstruction Platform via video link. Marchenko recalled that last week the World Bank assessed Ukraine’s losses as a result of Russian aggression…
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…