According to the order issued by the Latvian government, the state budget program for emergencies will be expanded by EUR 300 million this year. The budget increase is related to the plan for operational response and allocation of necessary funding for the measures ministries in Latvia plan to employ in order to overcome the challenges…
As of October 4, the Tax and Customs Board (MTA) was still awaiting EUR 4.18 million in underpaid tax. The deadline for payment for the 2020 tax year was October 1. EUR 1.38 million of the total owed was due to be paid in installments. The total in underpaid tax owed to the MTA for…
Uzavtosanoat has signed a memorandum with Turkmenistan-Motors, the company’s press service has reported. UzAuto Motors cars in the near future are set to be produced at the facilities of Turkmenistan-Motors. The parties also agreed to establish the production of pickups, trucks and buses, agricultural and trailer equipment. “The project will increase the share of industry…
Ukrainian President Volodymyr Zelensky has said that mutual trade in goods between Ukraine and Israel has been gradually growing after the two countries launched a free trade area. He said this at a joint meeting with Israeli President Isaac Herzog and the media in Kyiv on October 5. “On December 26, Ukraine and Israel will…
Governor of the National Bank of Ukraine (NBU) Kyrylo Shevchenko has said that a possible lockdown in Ukraine, depending on the format and severity of quarantine restrictions, may lead to a 0.4-0.6% reduction in GDP. “Although business processes are returning offline and vaccination rates are growing, the risks of introducing a new lockdown due to…
Looking at the impact of growing gas prices on Europe, the Latvian government should think about ways of creating and managing different material reserves, wrote Latvia’s Minister of Defence Artis Pabriks on Twitter. The minister also said the Ministry of Defense was already working on solutions. Law on the State Material Reserves explains that nomenclature…
While ferry line Tallink Group had a better September this year than in 2020, while the third quarter, July-September, as a whole saw a poorer performance this year than last year, meaning recovery to pre-coronavirus levels was till some way off. Tallink Grupp CEO Paavo Nogene said: “The quarter periods in 2020 and 2021 have…