Poland’s government has approved a proposal to raise the monthly minimum wage to 4,626 zloty (EUR 1,059) gross next year, which would mark a 7.6% increase. It is the first decision regarding the minimum wage level made by Prime Minister Donald Tusk’s Cabinet, which took office in December 2023. And it has been cautiously welcomed…
Georgi Angelov, senior economist at “Open Society”, shared insights on Bulgaria’s battle against the demographic crisis. In his latest research titled “Salaries Reversed the Demographic Catastrophe”, Angelov delves into Bulgaria’s demographic landscape. He highlighted the stark contrast from two to three decades ago when economic turmoil and low wages triggered a decline in birth rates…
Estonia, Latvia and Lithuania called on the G7 nations to work towards using frozen Russian assets to benefit and rebuild Ukraine. Ahead of the G7 meeting in Italy, Latvian Foreign Minister Baiba Braze, Estonian Foreign Minister Margus Tsahkna and Lithuanian Foreign Minister Gabrielius Landsbergis said that Russia must be held accountable for its brutal and…
The National Bank expects that Ukraine will receive $25 billion in external financing next year, which should be enough to cover the budget’s expenses, Deputy NBU Governor Serhii Nikolaychuk has said. “Today, our base scenario predicts that next year we will receive $25 billion in external financing. Taking into account the potential of the domestic…
In January-May, gambling organizers in Ukraine transferred UAH 7.38 billion in taxes and fees to the state budget. This was announced MP and Deputy Chairman of the Committee on Finance Yaroslav Zheleznyak on Telegram. “As for tax revenues from the gambling business. In the first five months of the year, the budget received UAH 7.38…
According to a report from the Austrian news agency APA, Austrians will find their money stretching further abroad this summer compared to staying within Austria. This assessment is based on the “holiday euro” index calculated annually by UniCredit Bank Austria, which measures the purchasing power of Austrians’ money in various destinations. Bulgaria emerges as the…
In the framework of the Ukraine Recovery Conference – URC2024, representatives of the Ministry of Finance of Ukraine, the Business Development Fund, KfW and the German Government discussed mechanisms to support small and medium-sized businesses in Ukraine, in particular within the framework of the BDF. The discussions also focused on the institutional development of the…