Poland’s listed energy concern Orlen has taken over a 100% stake in Kufpec Norway, a unit of the international oil company Kuwait Foreign Petroleum, which is engaged in exploration in Norway. The deal has a transaction value of $445 million as estimated for January 1, 2024, Orlen has said in a press statement. Thanks to…
The Center Regional Development Agency (ADR) has announced the start of the expropriation procedure, based on the law on the declaration of public utility of national interest for the construction works of Chisinau-Straseni-Calarasi aqueduct. After the publication of the expropriation act in the Official Journal of the Republic of Moldova (November 16), the expropriator (the…
Bulgaria’s Minister of Finance, Asen Vassilev, provided reassurance that the forthcoming abolition of the derogation for Russian oil, scheduled for March 1, 2024, would not disrupt the Bulgarian market or prompt price hikes. Speaking to journalists in Blagoevgrad, Vassilev addressed the recent agreement between political parties – GERB-SDS, We Continue the Change – Democratic Bulgaria…
The draft law on additional taxation of banks, the proceeds of which will go to the army, may be adopted by the Verkhovna Rada in the second reading this week. This was stated by Olena Korobkova, Chairman of the Board of the League of Banks of Ukraine, at a press conference on “Financial Stability of…
On November 16, at a meeting of the Coordination Council for Bulgaria’s preparation for Eurozone membership, the artistic projects for the design of the Bulgarian national side of the euro coins of all denominations, approved by the Management Board of the Bulgarian National Bank, were adopted: 1 euro cent, 2, 5, 10, 20 and 50…
Poland’s core inflation, which excluded the prices of food and energy, measured 8% YoY in October and was down from September’s 8.4%, the National Bank of Poland (NBP) said. Inflation excluding fixed prices amounted to 5.1% in October, down from the level of 6.8% in the previous month. Inflation excluding the most volatile items measured…
Since the start of the full-scale war, the European Union has provided more than 1,000 grants for the development of small and medium-sized enterprises (SMEs) in Ukraine. Stanislav Toshkov, Coordinator of the Sector of Economic Cooperation and Cooperation with International Financial Institutions at the EU Delegation to Ukraine, said this at a briefing in Zhytomyr…