Foreign investors in Latvia propose establishing a single tax regime for all short-term small service providers that perform services on their own, stresses the Foreign Investors Council Latvia (FICIL) in its document on tax policy. Investors also recommend expanding the existing simplified tax payment regime to include taxpayers like nannies, barbers, photographers, cleaners, designers and…
The 2021 state budget will run a deficit and contain no major cuts, the government has announced after two days’ discussion. The talks have not yet led to anything concrete yet, however, though the state is projected to be running a deficit at least till 2024. Following the meetings held at Sagadi manor in Laane-Viru…
Ukraine and Spain have discussed expanding cooperation in investment, energy efficiency, renewable energy sources, transport infrastructure and tourism, the press service of the Ministry of Economic Development, Trade and Agriculture of Ukraine has reported. These issues were discussed during a meeting between Deputy Minister of Economic Development, Trade and Agriculture and Ukraine’s Trade Representative Taras…
On September 9, beet-receiving station of Yaresky Sugar Refinery, a part of “Astarta-Kyiv” structure, began receiving raw materials. The first sugar beets came from the fields of Dovzhenko Agricultural Company. “The 2020 sugar beet-processing season has almost started, our sugar factory is launching in a few days”, the company noted. “Astarta” combines 5 regional subdivisions:…
Compulsory minimal state social insurance contributions should be paid by all Latvian citizens, because everyone should be socially protected independently regardless of their sector of employment, said Culture Minister Nauris Puntulis. When asked about a comment on culture industry’s workers’ arguments that minimal social contributions would not guarantee financially secured retirement anyway, the minister said…
Minister of Economic Affairs and Infrastructure Taavi Aasa (Center) said the railway line from Haapsalu to Rohukula in western Estonia could be completed until 2026. It will cost an estimated EUR 100 million to complete. Eesti Raudtee has announced the design procurement of the next section of the Haapsalu railway from Turba to Ellamaa. The…
As of the end of August, Kazakhstan’s international reserves have hit $94.1 billion. According to the preliminary data, the country’s international reserves including the National Fund’s assets stand at $94.1 billion. The National Bank’s international reserves have increased by $22 million in one month and totaled $35.4 billion. The preliminary data showed that the National…