In July, the Ministry of Finance, in accordance with budget legislation, ensured the transfer of inter-budget grants to the general fund of local budgets amounting to UAH 10.7 billion, which was 100% of the funds allocated from the state budget for July. They included: – Basic grants transferred amounting to UAH 2.1 billion (100%); –…
Like many businesses that sell returnable goods, Zirafa, a children’s shoe retailer based in Zilina, has found itself on the losing end of Slovakia’s transaction tax, which came into effect in April. The company’s online shop is now generating unexpected costs. In short, they must pay the transaction tax even on items that are returned.…
Bulgarian businesses are facing additional costs as they prepare for the mandatory dual currency display of prices in leva and euros, a requirement set to take effect on August 8. They have until the end of October to adapt their cash register systems and accounting software without risking financial penalties. Eleonora Negulova, chairwoman of the…
A delegation led by Dilshod Rasulov, Deputy Chairman of the Chamber of Commerce and Industry of Uzbekistan, has begun a working visit to Latvia and Lithuania, starting with a trip to Riga. In the first part of the program, the Uzbek delegation toured the Riga Central Market, one of the largest trading complexes in Europe.…
The Commission for Protection of Competition (CPC) has fined Billa Bulgaria EOOD 405,936 leva for engaging in misleading advertising, in violation of Article 32, paragraph 1 in connection with Article 33 of the Law on Protection of Competition. The sanction stems from an investigation into a promotional campaign by the company involving the product “Basso…
Unmanned aerial vehicles are one of the top priorities for additional funding of Ukraine’s Defense Forces. Private investment can play a critical role in scaling up defense manufacturing, especially if foreign governments provide protection against wartime risks, Dan Rice, an American military expert, West Point graduate and current president of the American University Kyiv, has…
The transition to the euro will not necessitate the re-signing of existing contracts, Vasil Golemanski, Chairman of the Financial Supervision Commission (FSC), has clarified. He warned the public about a wave of scams exploiting uncertainty around the euro adoption process. Golemanski emphasized that individuals were being targeted with misleading offers that involved signing new agreements…