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…
The turnover of Orkla Foods Latvia reached EUR 29.9 million in 2016. 78% of the company’s turnover consisted of sales in Latvia and 22% of sales in export markets, the company reports. Last year, Orkla Foods Lativa invested EUR 1 million in production. The company also paid EUR 5.3 million in taxes in 2016. “In…
SEB Bank and Altum have signed authorization agreement for the issue of guarantees. This will help the bank speed up the processing of loan requests from small and medium-sized companies. SEB is the first commercial bank with which Altum has signed such an agreement. Financial guarantees are provided to companies that require additional security to…
In Belarus agrarians planted early grains and pulses throughout the areas of 340.1 thousand ha, or 36.3% of the forecast, the Ministry of Agriculture and Food reported on April 4. It is noted that agrarians of all regions have already started the fieldworks. In particular, Gomel region planted early crops throughout 79.9%, Brest region –…