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Yearly Archives: 2016

Latvia: innovative approach towards tax policy

LatviaBy admin2016-12-19Leave a comment

Last week Latvia’s Saeima conceptually supported legal drafts that provided for raising micro-enterprise tax rate from 9% to 15% and refusal of introduction of minimal social fees starting from 2017. This means the end for the story that riled up the population at the end of the year. Or perhaps it’s just the beginning. In…

Ukraine: up to 9 million tons of coal per year bought from occupied territories of Donbas

UkraineBy admin2016-12-19Leave a comment

Ukraine buys up to 9 million tons of coal per year from the occupied territories of Donbas, Deputy Prime Minister Volodymyr Kistion said. “We receive coal in the amount of up to 9 million tons per year from the occupied territories”, he said. Kistion added coal was supplied by the companies that were registered and…

Estonia: Nordica to carry 400,000 passengers in 2016

EstoniaBy admin2016-12-19Leave a comment

Nordica airline, which was founded in 2015 by the Estonian state, released on December 15, the estimate that it would transport about 400,000 passengers in its first full year of operation. The company’s communications manager Piret Sauter said that over the last few months, Nordica had transported more passengers than any other airline at Tallinn…

Moldova to open economic representative office in Turkey

MoldovaBy admin2016-12-19Leave a comment

At the meeting with Turkey’s Prime Minister Binali Yildirim, Vice-Premier, Minister of Economy of Moldova Octavian Calmic said the authorities sought to open an economic representative office under the Embassy of Moldova in Turkey for implementing joint projects with the country. Besides, the expansion of the trade and economic ties between the two countries is…

Ukraine: foreign trade deficit in goods up in January-October 2016

UkraineBy admin2016-12-19Leave a comment

In January-October the foreign trade deficit in goods in Ukraine totaled $2.089 billion against $397.1 million of proficit in the same period last year, the State Statistics Service of Ukraine reported. In particular, in January-October the exports of commodities from Ukraine totaled $29.113 billion, down by 7.9% YoY. The import volumes of goods to Ukraine…

Ukraine: Milk Alliance starts supplying butter to the Netherlands

UkraineBy admin2016-12-16Leave a comment

Milk Alliance Group has reported that a first batch of butter with 82.5% fat content in the amount of 140 tons has been shipped to the Netherlands. “Public joint-stock company Zolotonosha Butter Factory made the butter. Examinations confirmed high quality of our product”, the company said on its Facebook page. In January 2017 the company…

Ukraine: Kiev most unlikely to buy Russian gas this winter

UkraineBy admin2016-12-16Leave a comment

Naftogaz Ukrainy is very unlikely to buy gas from Gazprom until the end of winter, CEO Andrei Kobolev said. “We have not bought gas from Gazprom this year. Under our estimates, we will not do this until the end of this year, that’s why 2016 will be a full calendar year, which we’ve spent without…

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