The state should consider the introduction of a reduced social tax rate as an incentive either under the existing system of no corporate income tax, in its place, or as an option available to businesses, President Kersti Kaljulaid said. Kaljulaid said that in the past 30 years Estonia’s tax system had aimed at attracting capital…
Papa John’s Pizza, Baskin Robbins and Domino’s Pizza are eager to enter the Armenian market, according to a press release from the U.S. embassy in Armenia. The Embassy and the U.S. Commercial Service in Moscow, in partnership with IDBank, organized a one-day conference focused on franchise business opportunities. The event is part of an ongoing…
Enterprises affiliated with the Belarusian Agriculture and Food Ministry increased dairy export to China 5.6-fold YoY in January-July, Aleksei Bogdanov, Head of the Central Office for Foreign Economic Activities of the Belarusian Agriculture and Food Ministry, declared. “In January-July Belarus’ farm export to China totaled $23.3 million, up 4.2-fold. Dairy was the biggest contributor. In…
In July Ukrainian banks reduced the share of problem non-performing loans by 0.6%, to 55.1%, according to the data provided by the National Bank of Ukraine. According to the NBU, as of August 1, the total volume of provided loans grew by UAH 21.9 billion, to UAH 1.2 trillion. Of which non-performing loans amounted to…
The state enterprise “Berdiansk Commercial Sea Port” upgraded its material and technical base and introduced a new technology for grain handling. The state port operator purchased two ship loaders, one of which is already operating. The new equipment allows loading about 300 tons of grain per hour. The introduction of new technologies should provide stable…
The 2018 grape harvest is in full swing in Georgia’s wine region of Kakheti. This will be the first grape harvest in the last 10 years that has not been subsidized by the state. Diversified markets, increased wine exports and the number of enterprises on the market gives firm reasons to believe that the grape…
Consumer prices in Estonia rose by 79.5% between 2000 and 2017, more then twice the EU average of 36.5% and fifth in Europe, Eurostat, the European Commission’s statistical agency said. Estonia was, according to the figures, well above the EU average in virtually all sectors, most notably alcohol and tobacco products, where prices in Estonia…