Despite russia’s full-scale aggression, Ukraine’s commitment to reform and national transformation remains unwavering. This was emphasised by Prime Minister Denys Shmyhal at the opening of the OECD’s regular ministerial-level meeting, Eurasia Week 2023. “We are moving forward. We have set ourselves ambitious goals, including Ukraine’s membership in the European Union and the OECD in the…
In a significant decision, members of the Parliament have passed a bill extending the reduced VAT rate of 9% for restaurants until December 31, 2024. The amendment, discussed at its second reading, received 184 affirmative votes, with 7 against and two abstentions. Irena Dimova from GERB-UDF proposed these alterations to the Value Added Tax Act.…
Poland will receive over CHF 320 million from the next edition of the Swiss-Polish Cooperation Programme to improve the life in smaller towns and facilitate research. Malgorzata Jarosinska-Jedynak, the minister for development funds and regional policy, announced that the second edition of the Swiss-Polish Cooperation Programme would cover two initiatives. First, the Polish-Swiss Programme for…
In the third quarter of this year, the country’s GDP grew by 9.3% YoY. This is higher than expected. This was underlined by Prime Minister Denys Shmyhal at a Government session on December 12. “Despite the huge economic downturn at the beginning of the large-scale war, the economy is now showing positive signs,” said Denys…
Bulgaria grapples with a notable decline in its trade sector, as preliminary data from the National Statistical Institute (NSI) reveal a significant downturn in exports and imports during the initial ten months of 2023. The figures paint a sobering picture: Bulgarian exports of goods to both the European Union and third countries took a hit,…
Investments from the USA and Canada in Bulgaria surpass the country’s official balance of payments report findings, as per a recent Institute for Market Economy (IME) study spanning five years. The IME’s Chief Economist, Lachezar Bogdanov, highlighted that global companies from these regions often centralized their European operations in countries like the Netherlands or Switzerland,…
Germany will provide Moldova with a grant worth 14.8 million euros for the implementation of projects in the energy efficiency sector, professional training of young people and public administration. The members of the parliament’s commission for foreign policy and European integration approved the consultative opinion for starting the negotiations and approving the signing of a…