Ukraine: strategy for reforming public finance management system for 2022-2025 approved

The Cabinet of Ministers has approved the strategy for reforming the public finance management system for 2022-2025, the Finance Ministry’s press service has reported. “An order “On the approval of the strategy for reforming the public finance management system for 2022-2025″ was adopted at a government meeting on December 29, 2021. The Finance Ministry drew…

Ukraine: average salary up in November 2021

In November, the average nominal salary in Ukraine stood at UAH 14,300, up 2.4-fold from the minimum wage. It increased by 19.2% against November 2020, while real wages were up by 8%. Compared to October, the average salary in November rose by 1.7%, the Ministry of Economy reported. “Despite the introduction of additional quarantine restrictions…

Latvia: heating tariff in Riga to increase

From March 2022 onward the heating tariff of JSC Rigas siltums may increase by another 6.7%, according to the official entry in the Latvian Herald. From November 1 clients of JSC Rigas siltums pay 66.76 EUR/MWh for heating energy. From March 2022 the price will be 71.22 EUR/MWh. According to JSC Rigas siltums, tariff changes…