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…
The Lithuanian government on October 16 approved the Finance Ministry’s draft budget for 2026, which included a significant increase in spending and a record allocation for defence, before submitting it to the Seimas, the parliament, for debate. Finance Minister Kristupas Vaitiekunas said Lithuania’s strong revenue growth this year allowed the government to boost expenditures while…
Ukrainian Prime Minister Yulia Svyrydenko and her Government team met with John Jovanovic, President of the U.S. Export-Import Bank, in Washington, D.C. “We continued developing our business cooperation track with the United States during a meeting with the newly appointed President of the U.S. EXIM Bank, John Jovanovic. I appreciate his attention to Ukraine. It…
Estonia’s general government budget deficit stood at EUR 342 million as of the end of August, the Ministry of Finance has said. This represented 0.8% of expected annual GDP – a fall of EUR 207 million. As of the end of August, central government – meaning mainly the state budget – had a deficit of…
Over the first year of the Land Bank project, farmers paid UAH 1.19 billion including VAT for the use of state-owned agricultural land. Through open online auctions in the Prozorro.Sale system, 62,194 hectares – previously in the shadow economy – were transferred into lawful use. “The Land Bank is an example of how transparent and…
The government on October 14 approved amendments to the Law on Support for the Civilian Population of Ukraine, which provided for the discontinuation of several assistance measures, including one-time benefits for starting employment or self-employment. According to the Ministry of the Interior, the flow of Ukrainian citizens arriving in Latvia this year has remained relatively…
The Ministry of Economy, Environment, and Agriculture of Ukraine has approved 30 new applications for the total amount of UAH 168.7 million under the Grants for Processing Enterprises program. Funding is provided on a co-financing basis-the state compensates up to 80% of the project cost, with the entrepreneur investing the rest. The program is implemented…