The Republic of Moldova will receive $250 million from the World Bank to strengthen competitiveness, job creation, market efficiency and transparency, as well as economic integration with the European Union. The support aims to help the Government increase resilience against future shocks and advance the country’s path to EU accession, complementing the EU Growth and…
Billa Slovakia fell into the red last year, becoming one of the first major retailers to report the adverse impact of the government’s consolidation measures on the country’s consumer sector. The supermarket chain announced a loss of nearly EUR 8 million for 2025, despite boosting revenues by 5% YoY, to EUR 923 million. The result…
In January-May, single contribution revenues for mandatory state social insurance amounted to 301.7 billion hryvnia. This is 44.4 billion hryvnia more than in the same period last year. In the first five months of 2025, the budget received 257.3 billion hryvnia of single contribution. Thus, this year’s figure increased by 17.3%. The single contribution is…
The European Union is preparing to provide additional support to Armenia amid restrictions imposed on the import of Armenian products into Russia, EU Ambassador to Armenia Vassilis Maragos has said during a meeting with Armenian exporters. According to Maragos, important meetings and phone discussions were scheduled for June 4, after which specific additional support measures…
Over 63 thousand citizens have already used the new digital service for issuing a taxpayer card in electronic form. This was reported by the head of the State Tax Service Lesya Karnaukh. “The document, which thousands of citizens need every year, can be obtained in a few clicks. The service is gaining more and more…
The European Bank for Reconstruction and Development (EBRD) has lowered its economic growth forecasts for all three Baltic States for both this year and next year. According to the bank’s latest projections, Latvia’s gross domestic product (GDP) is expected to grow by 2.0% this year, down from the 2.2% forecast published in February. The forecast…
Prime Minister Nikol Pashinyan said he did not see an insurmountable problem in the restrictions imposed by Russia on imports of certain Armenian products and pledged to address the issue through existing Eurasian Economic Union mechanisms. Pashinyan noted that he was the only EAEU official who participated in both of the organization’s governing bodies. “I…