Electric cars will be exempt from value-added tax (VAT) in Armenia if they are not re-exported within a year after the day of the import, when amendments to the existing tax code are approved. The vehicles, according to the proposed changes, cannot be exported to the countries of the Eurasian Economic Union (EAEU). If approved,…
Georgia exported about 68.3 million bottles of wine to 53 countries in the first 10 months of 2018, announces the Georgian National Wine Agency. In January-October Georgia generated $162 million from the sale of wine abroad. Revenue increased by 20% YoY, while the volume of exports grew by 12%, said the Georgian National Wine Agency.…
Lithuania’s central banker says it sees no clear signs of an upcoming new economic crisis but warns about slowing growth. Vitas Vasiliauskas, the Bank’s chief, acknowledges that the “income turning to expenses” continues, although differently from ten years ago. According to him, the Bank’s assessment is based on how the 2019 budget numbers. (BNN/Business World…
Turkey and Ukraine agreed to have signed the free trade agreement by the year’s end. “At the 7th meeting of the strategic council we decided to have completed the work on signing of the free trade agreement by the year’s end. We believe that we will be able to achieve our goal – balance of…
The State Aviation Administration of Ukraine has satisfied all applications from the low cost airline SkyUp for new regular and charter flights. This is stated in the newsletter issued by the Administration’s commission following its meeting on October 29. Thus, SkyUp is allowed to fly regularly from Kyiv to Kharkiv, Poprad (Slovakia) and Abu Dhabi…
A Georgian wine tasting was held in Matsuyama, Japan. The tasting was attended by numerous wine importers, masters, representatives of the media, restaurants and hotels chains. During the event master of wine Kenichi Ohashi offered guests Georgian wine while introducing them to its history and culture, as well as to certain aspects of the modern…
The European Bank for Reconstruction and Development (EBRD) has lowered its forecast for Estonia’s economic growth this year by 0.2%, to 3.6%, citing poor corporate investment. The EBRD highlighted that following the investment-led strong gross domestic product (GDP) growth recovery of 4.9% in 2017, economic growth in Estonia slowed down to 3.5% YoY in the…