On March 26, the Cabinet of Ministers of Ukraine approved a draft law aimed at improving budget planning at the local level. This step is aimed at restoring medium-term planning and adapting budgetary norms to meet the actual needs of communities and the challenges faced by the country. The main provisions of the project are…
Bulgaria will open a branch of the Angel Kanchev University from Ruse in Taraclia and the Investments Agencies will more closely cooperate based on the agreement signed at the ninth meeting of the Moldovan-Bulgarian joint intergovernmental commission, held in Chisinau on March 26. The commission is co-chaired by Energy Minister Victor Parlicov and Deputy Minister…
The Government approved Resolution No. 310 “On amendments to the Procedure for providing financial state support to business entities”. The Resolution was prepared by the Ministry of Agrarian Policy and Food of Ukraine. It concerns enterprises that have received funds under the Affordable Loans at 5-7-9 programme. The possibility to extend the loans is provided…
The European Union in the last years has backed 18 settlements of Moldova with over 36.5 million euros, thus significantly contributing to the improvement of the citizens’ living standards. Within the project “Construction of the infrastructure of water and sewerage supply, as well as of energy efficiency in public buildings” EU invested considerable resources, in…
It will not be possible to double the annual tax-free income allowance to 60,000 zloty (EUR 13,929), which Prime Minister Donald Tusk has previously promised to do this year, until 2026 at the earliest, the finance minister has admitted. He says “there is no room” in the budget for the measure before then because Poland…
The housing market in Bulgaria witnessed mixed trends in the fourth quarter of 2023, with overall prices experiencing a modest increase of 1.2%, according to the latest data released by the National Statistics Institute. While this marks a slowdown compared to the preceding quarter’s growth of 2.7%, the market continues to show resilience amid evolving…
The executive committee of the National Bank of Moldova (BNM) has ruled, by unanimous vote, to reduce by 0.5% the basic rate applied to the principal operations of monetary policy for short-term, to the level of 3.75% annually. BNM Governor Anca Dragu has made statements to this effect. At the same time, the interest rates…