Kazakh National Economy Minister Ruslan Dalenov gave an insight into the country’s economic growth rates. According to him, the country’s GDP growth made 4% in January-April against 3.8% recorded in this January-March due to accelerated development in manufacturing sector, service industry, agriculture and steady construction rates. “Since the beginning of the year the inflation rate…
The National Bank of Kyrgyzstan has ceased direct banking supervision at Rosinbank OJSC, press service of the National Bank reported. According to it, measures for financial rehabilitation of the bank have been taken and capitalization of Rosinbank OJSC has been carried out. Thanks to this, bank’s compliance with the economic standards and mandatory reserve requirements…
UAH 42.6 billion worth of value added tax (VAT) was reimbursed to large taxpayers in January-April, up by 34% YoY, according the press service of the State Fiscal Service’s Office of Large Taxpayers. Compared to 2018, the share of large businesses in the VAT refund across Ukraine grew and exceeded 74% of the total amount…
This year, the first sugar beet seedlings were damaged by waterlogged topsoil and high relative humidity. According to Ukrainian Hydrometeorological Center, precipitation on the territory of Ukraine reached about 100-150 mm. “Beetroot zone is located in a waterlogged soil zone. This led to a partial washout of sugar beet seed. Also, due to high rainfall,…
The value added tax will remain 21% in Lithuania after the country’s parliament on May 9 rejected the liberals’ initiative to cut it to 18% from 2020, a level that was before the 2009 crisis. 22 lawmakers voted in favor of the parliament starting deliberation of the proposed amendments to the Law on Value Added…
At the end of April the Port of Riga opened the 2019 cruise season when the 300-meter cruise ship MSC Poesia entered the port. MSC Poesia is owned by the cruise line MSC and brought more than 2,500 tourists to Riga during its Baltic cruise. The 10-day cruise started in Warnemunde, Germany, and had already…
In April, the gross international reserves of Kyrgyzstan decreased by $17.06 million, the National Bank reported. Gross international reserves of the republic amount to $2,180.09 billion. Compared with April 2018, they reduced by $12,890 million. Over the past two years, the highest level of the reserves was recorded in January 2018 – $2,220.44 billion. The…