Compared with December 2016, prices of most food products in Latvia increased in March. Prices declined only for imported strawberries, oranges and smoked ham in the first quarter of 2017, according to information from the Agricultural Market Promotion Center. The biggest price increase was noted for imported cucumbers (91%) – from 2.08 EUR/kg to 3.98…
The Ministry of Finance plans to develop the country’s equity in order to stabilize the ratio between Tajikistan’s external debt and its gross domestic product (GDP). “Growth rate of the economy of Tajikistan and stability of its financial system essentially depend on external factors. Jumps in “mood” of the global financial system, instable economic situation…
President of Turkmenistan Gurbanguly Berdimuhamedov has given instructions at a meeting of the Cabinet of Ministers to ensure the stability of the financial system, investment activity in the country, as well as the stability and purchasing power of the national currency – the Turkmen manat. “Export volumes and reserve monetary funds should be increased,” the…
Retail trade networks plan to adopt an honest reduced VAT rate for fresh vegetables, fruit and berries, as agreed upon by Agriculture Ministry, Latvian Traders Association and Latvian Federation of Food Enterprises. The ministry plans to submit a report to the government on the reduction of VAT to 5% on fresh vegetables, fruit and berries,…
The term of Tajik Transport Ministry’s ultimatum to the Russian aviation authorities is expiring today. An official source at the Ministry of Transport of Tajikistan says the Russian aviation authorities have invited their Tajik counterparts to Moscow for negotiations over the air travel problems. “Tajik delegation left for Moscow today,” the source noted. When asked…
Tajikistan needs urgent reforms to revive its banking and financial sectors, said Asian Development Bank (ADB). Tajikistan’s economic growth is forecast to moderate in 2017, reflecting losses in the banking sector and weak remittances, ADB said in its report. The Asian Development Outlook 2017 (ADO) forecasts growth in Tajikistan to come in at 4.8% in…
During the Cabinet meeting on April 5, the Estonian government endorsed changes to the State Budget Act, according to which drawing up budgets with a temporary structural deficit of 0.5% of GDP annually would be allowed in the future. According to the new rules, the structural balance of the state budget would be tracked as…