In April, inflation rate in Ukraine was at 15.9%, and it might exceed 20% until the end of the year. “We have a significant level of price rise, but it is controlled. And such indicators cannot be compared with 2015 when inflation reached 60% in some months,” Governor of the National Bank of Ukraine Kyrylo…
The Organization for Economic Co-operation and Development (OECD) has suggested that Lithuania should scrap the existing VAT concession for hotels and restaurants. The existing VAT concession for the catering sector expires at the end of this year. It was introduced last year to help businesses affected by the Covid-19 pandemic. Hotels have been subject to…
Georgia and the Czech Republic have signed an agreement on priority directions in trade and economic relations between the two countries, the Georgian Economy Ministry announced on May 2. The agreement was revealed during the 6th Session of the Intergovernmental Commission on Economic Cooperation, where questions of deepening relations in trade, investment, energy, transport, tourism,…
According to Statistics Estonia, in March, the total production of industrial enterprises increased by 7.8% at constant prices compared to March 2021. Output increased in all three sectors: by 6.6% in manufacturing, by 5.2% in mining and by 21.3% in energy production. According to Helle Bunder, analyst at Statistics Estonia, production volumes increased in most…
The Cabinet of Ministers of Ukraine adopted a decision to keep gas prices for the population unchanged. “Today, we adopt a decision to keep gas prices for people unchanged. No increase. UAH 8 per 1 cubic meter as before. The preferential price will remain in place for enterprises that perform critical functions to ensure the…
Over 80% of the Polish public appreciate the economic benefits of EU membership, while 82% see its results in an improved situation on the labour market, according to a report by the Polish Economic Institute (PIE). May 1 marked Poland’s 18th anniversary of EU accession. During this time, the country’s GDP per capita has grown…
When the full-scale invasion of Ukraine began on February 24, people in Estonia responded with great zeal and donations poured in. With the war now in its third month, donors’ drive has begun to lose momentum, however help is still needed in Ukraine. Luhansk, Donetsk and Kharkiv regions are the parts of Ukraine currently in…