The European Bank for Reconstruction and Development (EBRD) has lowered its economic growth forecasts for all three Baltic States for both this year and next year. According to the bank’s latest projections, Latvia’s gross domestic product (GDP) is expected to grow by 2.0% this year, down from the 2.2% forecast published in February. The forecast…
Prime Minister Nikol Pashinyan said he did not see an insurmountable problem in the restrictions imposed by Russia on imports of certain Armenian products and pledged to address the issue through existing Eurasian Economic Union mechanisms. Pashinyan noted that he was the only EAEU official who participated in both of the organization’s governing bodies. “I…
The State Tax Service is actively developing a service approach in working with payers. To help identify and eliminate possible risks in a timely manner, in less than a year, the State Tax Service has sent payers more than 40 thousand information messages. All of them are sent through the Payer’s Electronic Cabinet. This mechanism…
The State Tax Service (STS) approved the List of taxpayers with a high level of voluntary compliance with tax legislation as of May. It includes 9,251 business entities. Compared to the previous list, the number of such taxpayers has increased by 260 business entities, or almost 3%, which indicates an increase in the number of…
Economy Minister Denisa Sakova (Hlas) has finally unveiled the first package of measures aimed at supporting the economy, following six months of negotiations and preparation. With the package published on Monday evening, the public had less than a day to assess the nearly 40 measures. The package was discussed on June 1 by the tripartite…
Tallinn Airport set a new passenger record in May, handling over 354,000 passengers in a single month and seeing a 13% YoY increase. Eero Pargmae, member of the management board of Tallinn Airport, said the biggest factor behind the growth is low-cost carrier Wizz Air’s expansion in Tallinn. While the airline offered only one direct…
There have long been offers of cheaper than the gas currently sold to Armenian consumers, according to Khachatur Sukiasyan, a businessman and member of parliament from the ruling Civil Contract faction. “Don’t worry, there have long been offers that are cheaper than the gas ultimately sold to consumers. I cannot provide details right now because…