The Ukrainian Ministry of Economic Development and Trade has published a list of state enterprises, organizations and institutions that will either remain in state ownership or will be transferred to concession, privatized or liquidated. The Cabinet of Ministers approved the relevant documents that together represented a strategic vision for the further management of state-owned enterprises,…
Finance and Capital Market Commission in cooperation with Federal Bureau of Investigation’s Counterproliferation Center found out in a target inspection that Latvian banks – Norvik Banka and Rietumu Banka – had not followed requirements of regulations for the prevention of money laundering and terrorism funding. Violations are associated with client evaluation, which includes transaction monitoring…
The new facility of the Belarusian-Chinese car factory BelGee will start mass production in August, Belarusian First Deputy Industry Minister Gennady Svidersky said. “We plan to conduct performance tests of the car-making plant in August. As many as 222 vehicles will undergo continuous testing. In August we will start mass production and will begin exporting…
The tax reform submitted to the Saeima for approval is one big disappointment that will not improve competitiveness, said head of the Monetary Policy Office of the Bank of Latvia Uldis Rutkaste. According to him, the tax reform will not resolve the main problems of Latvia’s tax system. “The tax reform will not improve competitiveness…
According to the official statistics figures, in 2016-2017 MY Ukraine exported 5.35 million tons of barley, up by 21% YoY (4.41 million tons), which became the highest rate for the country in seven recent years. In the season 2016-2017, Saudi Arabia (42% of the general supplies) and Libya (18%) were the main importers of Ukrainian…
By increasing excise tax for beer, the goal of reducing alcohol consumption will not be achieved. This is because consumption of other alcoholic beverages will increase as a result, notes CEO of Latvian Breweries Union Peteris Linins, commenting on the government’s plans to raise excise tax for beer. He emphasizes that Finance Ministry has developed…
In the first half of 2017, tax arrears in Kyrgyzstan reached 2.5 billion soms. Bad debt is estimated at 738.2 million soms – 1,888 taxpayers left debts. This is almost a third of the total debt. In half a year, the tax authorities forcibly collected 1,687.4 billion soms of debts to the budget. 42,729 tax…