On November 22, the Government approved the regular allocation of additional subsidies for local budgets. Local budgets will receive UAH 796.9 million to support local governments in the de-occupied, temporarily occupied and other regions affected by russian aggression. The financial resource is distributed between the regional budget of Sumy region and 171 budgets of territorial…
Kyiv hosted the discussion titled Reforms Matrix: Strengthening the Foundations of Economic Growth for EU Accession. The event aims to bring together representatives from Government, international partners, experts, business leaders and civil society organizations to discuss key issues related to Ukraine’s economic development strategy. Organized with the participation of the World Bank and the European…
According to Georgi Dichev, chairman of the Chamber of Private Bailiffs (CPB), Bulgaria currently has 120,000 debtors under the age of 30. Specifically, 4,000 individuals are debtors under the age of 20, 36,000 are between 20 and 25 years old and 80,000 fall into the 25-30 age group. The data comes from the CPB’s internal…
The wholes in Lithuania’s labour market are being filled not only by third-country nationals but also by workers from neighbouring countries. With unemployment in Latvia’s Latgale region at an all-time high, its residents are taking up jobs in Lithuania. Aleksej Sokolov, who lives in Latvia’s Daugavpils, works at the furniture factory Visagino Linija in Lithuania’s…
In October, annual harmonized inflation in the European Union increased to 2.3%, with the Eurozone reporting a rate of 2%, according to Eurostat data. Inflation rates in both the EU and the Eurozone have risen compared to the previous month, with the September figures at 2.1% and 1.7%, respectively. However, these rates remain significantly below…
The winner of the privatisation tender paid UAH 3.94 billion to the state budget of Ukraine for 100% of the shares of JSC United Mining and Chemical Company. This brings the total privatisation proceeds for 2024 to UAH 9.26 billion. In addition, UAH 1.029 billion of VAT was received. Thus, the total economic effect of…
The Ukrainian economy grew by 4.2% in 10 months. The drivers of growth remain the transport and construction industries, as well as the manufacturing industry, said First Deputy Minister of Economy Oleksii Sobolev. “The construction industry continues to show upward momentum due to the implementation of recovery programmes and increased demand for construction work. Transport…