Uzbekistan’s total external debt in the first six months of 2021 amounted to $35.9 billion (57% against GDP), according to the data unveiled by the Central Bank on September 24. Since the beginning of the year, the indicator has expanded by 6% or by $2 billion. External debt includes public and private debt. The first…
In August, inflows of funds to banks being under liquidation amounted to UAH 191.4 million, of which UAH 174.9 million came from the sale of assets through electronic auctions, according to the press service of the Deposit Guarantee Fund of Ukraine. The largest revenues from the sale of assets came to the accounts of: JSC…
At a meeting on September 22, the Cabinet of Ministers approved the procedure for the mandatory sale of electricity by producers through electronic auctions. “From now on, electricity producers, regardless of ownership (except for those producers who have a green tariff and electricity producers who have acquired the right for support as a result of…
On September 23, Latvian Saeima rejected a proposal submitted by opposition members to reduce VAT for sectors of the economy impacted the most by the Covid-19 crisis from 21% to 5%. The parliament reviewed amendments to the Value Added Tax Law submitted by the political party Republika Saeima. In the end amendments were rejected. Saeima…
Uzbekistan exported $1 billion worth of cotton yarn during the first eight months of 2021, against $559.1 million in 2020. Cotton yarn accounted for 55.8% of the total textile export. The country exported $430.7 million worth ready-made knitwear and sewing products and $158.8 million worth of knitted fabric. The share of other items, including carpets,…
Estonia’s defense budget is expected to rise by EUR 103 million, to EUR 748 million next year. This will put the country’s defense spending at 2.31% of the forecast GDP. Minister of Defense Kalle Laanet (Reform) said this sum included allied costs, a defense investment program and new capability developments. “We can send a strong…
Hungary’s low-cost airline Wizz Air is resuming flights between Vilnius and Paris from September 30. Wizz Air has said it will operate the service twice a week. In August, the airline announced plans to expand its aircraft fleet at Vilnius Airport and launch flights from the Lithuanian capital to Reykjavik in Iceland and Yerevan in…