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Ethiopia and Hungary have entered the second round of negotiations on a Double Taxation Avoidance Agreement (DTAA), the Ethiopian Ministry of Finance announced. The discussions, held in Addis Ababa, aim to enhance bilateral economic cooperation by establishing a more transparent and predictable environment for trade and investment.

Here is the daily commodity trade data from Ethiopia Commodity Exchange (ECX) for items traded on 20 May 2025.

The House of Peoples’ Representatives today deliberated on a draft proclamation aimed at regulating how foreign nationals can own immovable property in Ethiopia. The draft, which proposes to ease long-standing restrictions on foreign ownership, was referred to the Standing Committees on Urban Infrastructure and Transport Affairs and Law and Justice for further review.

The National Bank of Ethiopia (NBE) has announced a new set of foreign exchange reform measures, effective today, aimed at updating existing policies and addressing long-standing issues faced by importers, travelers, and financial institutions.

Here is the daily commodity trade data from Ethiopia Commodity Exchange (ECX) for items traded on 19 May 2025.

China’s Guangzhou Automobile Group (GAC), the world’s second-largest electric vehicle (EV) manufacturer, makes its entrance into the local market.

Ethiopian Airlines Group has signed two major agreements with GE Aerospace (NYSE: GE), selecting advanced GE engines to power its upcoming Boeing fleet and reinforcing its commitment to modern, efficient, and sustainable aviation.

The China Communications Construction Company (CCCC) has officially launched Phase I of the Addis Tomorrow Special Economic Zone, marking a major step in transforming Ethiopia’s capital into a modern, investment-ready city.

The Tax Appeal Commission has reported progress in resolving tax-related cases and announced plans to expand its presence to regional states, according to a recent statement by the Commission’s President.

The Ministry of Transport and Logistics (MoTL) has announced a national strategy to deploy over 500,000 electric vehicles (EVs) across Ethiopia within the next ten years, positioning the country as a continental leader in e-mobility.