Increasing the localisation of defence production will drive the growth of the Ukrainian economy. This can be achieved in the short term. This opinion was expressed by Yuliia Svyrydenko, First Deputy Prime Minister and Minister of Economy of Ukraine, during a meeting with William Taylor, Vice President of the United States Institute of Peace, on…
A majority of EBA member companies have experienced repercussions stemming from the strikes at Polish-Ukrainian checkpoints. Survey data conducted by the association supports this claim, reports EBA. “In general, 67% of the surveyed top managers of member companies of the EBA reported that their business felt the consequences of the strikes at the Polish-Ukrainian checkpoints,”…
Warsaw’s mayor, Rafal Trzaskowski, and Poland’s defence minister, Wladyszlaw Kosiniuk-Kamysz, have announced a 117-million zloty (EUR 27 million) programme to improve the capital’s emergency preparedness, including a better system of shelters. Warsaw’s plans are part of a wide programme recently announced by the Defence Ministry to expand security cooperation with local authorities. It comes after…
On March 12, the Ministry of Finance raised UAH 8.9 billion to the state budget at an auction for the placement of domestic government bonds. The ministry’s press service said this in a post on Facebook. “Today, the Ministry of Finance placed bonds worth almost UAH 8.9 billion in equivalent,” the post reads. The Ministry…
The MIA Instant Payments System, developed by the National Bank of Moldova (BNM), was launched in Chisinau on March 12, being a first ever event on the financial market of Moldova. The system is available in the financial institutions of the country and allows consumers and companies transferring money in less than 15 seconds, without…
Poland’s government has announced that it will end the 0% VAT rate on food introduced two years ago to help soften the blow of soaring inflation. The Finance Ministry argues that the recent slowing of price rises renders the measure no longer necessary. However, the opposition Law and Justice (PiS) party, which introduced the VAT…
Bulgaria is interested in increasing gas supplies from Azerbaijan to the EU, a source at the Bulgarian Ministry of Energy reports. “Azerbaijan is a strategic economic partner of Bulgaria and an important source for diversification of natural gas supplies to our country. With the commercial operation of the Greece-Bulgaria Interconnector (IGB) as of October 1,…