Kyrgyzstan: President promises tax breaks

From 2022, it will be possible to pay only one instead of several types of taxes, the President Sadyr Japarov has said during celebration of the 30th anniversary of Kyrgyzstan’s independence. According to him, to date, all borders with neighboring states are closed, trade operations are almost suspended. Naturally, tax and customs revenues are reduced…

Uzbekistan: UzAir performs first flight using hybrid Express model

Uzbekistan Express, Uzbekistan Airways’ new lower-cost subsidiary, has performed its first flight on the hybrid model of transportation. On the eve of the celebration of the anniversary of independence, the flight delivered passengers from Tashkent to Moscow. “Uzbekistan Airways Express, together with the Ministry of Employment and Labor Relations of the Republic of Uzbekistan, presented…

Estonia: GDP up in Q2 2021

Estonia’s gross domestic product (GDP) grew by 12.9% YoY in the second quarter – a new record, data from Statistics Estonia showed. The GDP at current prices was EUR 7.4 billion. Robert Muursepp, lead analyst at Statistics Estonia, said when considering the fast economic growth, it should be noted that it was mainly connected with…

Estonia: retail turnover up in July 2021

Further signs of economic recovery are in evidence from data released by state agency Statistics Estonia, which said that retail turnover rose by 10% YoY at constant prices in July, the EUR 779 million. Jaanika Tiigiste, leading analyst at Statistics Estonia, said: “Turnover continues to grow both in comparison with last year and with the…