German discount retailer Woolworth has opened its first store in Slovakia, marking the start of an ambitious push into central Europe’s budget retail market. The chain’s debut outlet – in Bory Mall, a major shopping centre in Bratislava – spans 1,100 square metres across two floors. It sells a broad range of non-food products, from…
On October 22, in Baku, Azerbaijan, Latvia, Estonia, and Finland signed 11 memorandums of understanding as part of the “Central Baltic – Azerbaijan” business forum. Three documents each were signed by the Caspian Energy Club, the National Confederation of Entrepreneurs (Employers) Organizations of Azerbaijan (ASK), and the Nordic Business Community Azerbaijan with the Latvian Chamber…
On October 13-18, the team of the Ministry of Finance of Ukraine, headed by Minister of Finance Sergii Marchenko, took part in the Annual Meetings of the International Monetary Fund (IMF) and the World Bank. Over six days, the ministry’s delegation held more than 60 meetings with international financial leaders – including finance ministers of…
During the Annual Meetings of the World Bank Group (WBG) and the International Monetary Fund (IMF), representatives of the Ukrainian and Australian governments signed a Convention for the Elimination of Double Taxation with respect to taxes on income and the prevention of tax evasion and avoidance. According to the Ministry of Finance of Ukraine, the…
Lithuania’s annual harmonized inflation rate reached 3.7% in September, exceeding the European Union average, the EU statistics agency Eurostat reported on October 17. Among the Baltic States, Latvia recorded a 4.2% annual increase in consumer prices, while Estonia’s inflation was the highest at 5.3%. Month over month, prices in Lithuania rose by 0.4%, in Latvia…
Deputy Minister of Economy, Environment and Agriculture of Ukraine Pavlo Kartashov held a meeting in Kyiv with a French business delegation organised on the initiative of Business France, with the participation of UkraineInvest Executive Director Maryna Khlystun. They discussed the participation of French companies in post-war reconstruction projects and new opportunities for investment cooperation. The…
The Estonian Chamber of Commerce and Industry (EKTK) wants to cut the national minimum paid vacation from 28 calendar to 20 working days, arguing the current system is unfair. In a letter to Minister of the Economy and Industry Erkki Keldo (Reform), the chamber said the Employment Contracts Act set a national minimum of 28…