In 2024, Ukraine plans to spend almost UAH 1.7 trillion on the army, defence and security. The entire UAH 1.575 trillion of taxes paid to the budget by Ukrainians and Ukrainian businesses in 2024 will be used for defence. In addition, the Government will raise funds for defence needs through the placement of military bonds,…
Inflation is Poland is continuing to fall and is on its way to hitting the central bank’s (NBP) inflation target, Adam Glapinski, the bank’s governor, has said. Glapinski was speaking a day after the Monetary Policy Council (MPC) left the reference interest rate unchanged at 5.75%. Inflation in Poland now stands at 6.5% having hit…
The dynamics of support for Ukraine from Western partners has slowed down, with partner assistance falling to its lowest level since January 2022. This conclusion was reached by the authors of the Ukraine Support Tracker from the Kiel Institute for the World Economy, who updated their data on December 7. “The period between August and…
Estonian state-owned energy group Enefit signed a contract with the major Lithuanian retail chain Norfa for the installation of 250 public charging stations in the southernmost Baltic country. In total, 500 new charging points will be established in 107 different parking areas across the retailer’s commercial network until the end of 2024, with capacities ranging…
In the third quarter of 2023, the Bulgarian economy experienced a 0.4% growth compared to the preceding quarter, maintaining a similar growth pattern seen earlier. Announced by the National Statistical Institute (NSI), the economic expansion, measuring 1.8% annually, remains consistent with the previously estimated 1.7%, showing a slight decline from the 2% growth in the…
Discussions surrounding the state budget for 2024 are scheduled to kick off in the coming week during plenary sessions, with amendments to tax laws set for review on December 7, as confirmed by Finance Minister Assen Vassilev and National Assembly’s Budget and Finance Committee Chair, Yordan Tsonev. The decision for these discussions follows a meeting…
Among the key objectives of the Government is to successfully complete the financial year 2023. This was emphasised by Prime Minister Denys Shmyhal during a meeting of the Cabinet of Ministers on December 5. He said that over 11 months of this year, Ukraine had accumulated almost UAH 2 trillion of domestic resources in the…