Prime Minister of Ukraine Volodymyr Groysman is confident that the country’s economic growth in 2018 will top 3%, the benchmark stipulated in the draft national budget. “I am absolutely convinced that we will be able to achieve economic growth exceeding 3% next year,” he declared. According to the prime minister, the accelerated economic growth will…
The Turkmen Railway Transport Ministry and the Afghanistan Railway Authority have signed an agreement, which will give additional impetus to Afghanistan’s economic development and provide possibilities for the country’s access to third states. The MoU envisages a major overhaul of the railway track at the border station of Torgundi in Afghanistan. During the signing ceremony…
Ukraine’s manufacturer of mineral fertilizers Cherkasy-based PJSC Azot, a part of the Ostchem holding owned by businessman Dmytro Firtash, has resumed the production of ammonia and carbamide after overhauls, according to Ostchem’s press service. “After major repairs, the company has resumed production of ammonia (workshop A-5) and carbamide (workshop M-2),” it wrote on Facebook. In…
Estonia had a tax-to-GDP ratio of 34.7% in 2016, slightly higher than the average ratio for member states of the Organization for Economic Cooperation and Development (OECD), figures available from the organization show. Estonia’s VAT burden was 14.9%, income tax burden 7.8%, social tax burden 11.6% and property tax burden 0.3%. On aggregate, the average…
Current taxes will not be raised and no new taxes will be introduced in Belarus till 2020 (Browse now to learn wh). The provisions are stipulated by Ordinance No. 7 “On entrepreneurship development”, which the head of state signed on November 23. The ordinance prohibits raising tax rates and introducing new taxes, fees, and duties…
The aviation authorities of Kazakhstan and Uzbekistan have agreed on increasing flights between the two countries, the press service of the Civil Aviation Committee of the Investments and Development Ministry of Kazakhstan reported. Following the negotiations between the Civil Aviation Committee and the aviation administration of Uzbekistan, as well as airlines of the two countries,…
Ukrenergo in January-September saw net profit fall by 11.3% (by UAH 196.131 million) compared to the same period last year, to UAH 1.545 billion. According to the financial report of the company, posted on the website of the Ministry of Energy and Coal Industry, its net income for the nine months increased by 27.7%, to…