Among the key objectives of the Government is to successfully complete the financial year 2023. This was emphasised by Prime Minister Denys Shmyhal during a meeting of the Cabinet of Ministers on December 5. He said that over 11 months of this year, Ukraine had accumulated almost UAH 2 trillion of domestic resources in the…
As a result of the blockade of the Ukrainian-Polish border, exports through these checkpoints decreased by 40%, and the state budget of Ukraine lost UAH 9.3 billion due to a shortfall in customs payments. This was stated by Danylo Hetmantsev, chairman of the Verkhovna Rada Committee on Finance, Taxation and Customs Policy. “Undoubtedly, this is…
Bulgaria’s Finance Minister, Asen Vassilev, addressed concerns about potential fuel shortages following “Lukoil’s” deliberations on selling its business in the country. The reassurance came during Vassilev’s visit to the “Capitan Andreevo” border crossing alongside European Commissioner Mareid McGuinness. Vassilev clarified that the ministry had received prior indications of Lukoil’s contemplation of selling its Burgas-based refinery.…
79 projects included in the European Village and Express European Village programs were completed in November. The government’s investment in their implementation amounts to 60.3 million lei (3 million euros) from the National Fund for Regional and Local Development, having a positive impact on the lives of about 175 thousand citizens. Through the European Village…
The Bulgarian Association of Software Companies (BASSCOM) announced their annual Barometer report, marking a historic forecast for the nation’s software sector. Projections unveiled during the event indicated a remarkable milestone: an expected surge in revenues to surpass BGN 8 billion in 2023, an unprecedented achievement for the industry. The Barometer, a long-standing yearly publication offering…
Poland’s Gross Domestic Product (GDP) increased by 0.5% YoY in the third quarter of 2023, the Central Statistical Office (GUS) reported on November 30. Compared to the previous quarter, the economy grew by 1.5%, GUS said. Poland’s economy contracted by 0.6% YoY in the second quarter. According to a GUS flash estimate, GDP was expected…
The Organisation for Economic Co-operation and Development (OECD) has revised Bulgaria’s economic growth forecasts in its latest World Economic Outlook report, signaling a 1.7% growth rate for 2023, slowing due to external factors, with a projected acceleration to 2.8% in 2024. Initially anticipating a 1.9% GDP growth for 2023 and 3.2% for 2024, the OECD’s…