Ukrainian Prime Minister Oleksiy Honcharuk says his government’s goal is to drastically reduce the share of the shadow economy in the near-term outlook. “The share of the shadow economy for me personally is a measure of the effectiveness of our work,” he said. “Now, according to various estimates, it makes almost half of the entire…
A recent Organisation for Economic Co-operation and Development (OECD) survey found Estonia’s economy continued to perform well, however, there were problems arising from income inequality, the private sector’s lack of technical adaptability, and the low productivity and carbon intensity of the energy sector. The report pointed out positively Estonia’s expertise in IT and digitized government…
12 schools for 9,500 children will be built in the Kazakh capital in 2020, Mayor of the city Altay Kulginov said. According to the mayor, construction of another 8 schools for 12,000 children will be launched as well. “There are 115 schools and 125,000 school students in Nur-Sultan to date. The number of students is…
In the first nine months of 2019 the volume of agricultural production increased by 7.1% YoY in Azerbaijan, Agriculture Minister Inam Karimov said at the conference on the theme “Cooperation with NGOs in the field of social services”. According to the minister, the share of value added in GDP in agriculture, forestry and fisheries amounted…
The Ukrainian government and the National Bank of Ukraine jointly face foreign currency debt payments in excess of $24 billion in 2020-2022, including interest. The NBU report on financial stability says most of this amount will need to be refinanced in foreign markets, therefore cooperation with the International Monetary Fund and other international financial organizations…
Ukraine’s tax expert Andriy Hmyrin says all experts, assessing the volumes of smuggling at customs, agree that the national budget has at least $10 billion (about UAH 250-UAH 300 billion) in annual losses. “When calculating the volume of smuggling, various experts come up with different figures. But they all agree that it is at least…
Uzbekistan Railways launches two new trains to Russia. “Starting from December 13 the Termez-Moscow-Termez train began to run, and from February 2020 a new direction, Andijan-Ufa-Andijan, will be added to the network schedule,” the company noted. In December 17 trains of the Uzbek carrier run from the capital of Uzbekistan Tashkent to Russia’s Volgograd, Yekaterinburg,…