Economic decline in Kyrgyzstan is estimated at 7.5% at year-end, Alexey Kuznetsov, head of the Country Analysis Center of the Eurasian Development Bank, announced during a videoconference. According to him, the economies of Russia, Armenia, Kyrgyzstan and Tajikistan will reach the pre-crisis level only in two years. The exchange rate of som to the U.S.…
During a working trip to Dnipropetrovsk region, President Volodymyr Zelensky inspected the construction of a southern bypass road around the city of Dnipro, which was being carried out within the framework of the Great Construction national program. Implementation of the project provides for the construction of a road with a total length of 7.1 km…
Retail trade turnover of retail trade enterprises in Ukraine grew by 7.3% YoY, to UAH 697.98 billion, in January-October, according to the data provided by the State Statistics Service. The largest volumes of retail sales in January-October were recorded in Kyiv city (almost UAH 160.80 billion), Dnipropetrovsk region (UAH 69.83 billion), Kyiv region (UAH 62.76…
On November 23, the 4th virtual session of the Subcommittee on customs cooperation between Kazakhstan and the EU took place. The session focused on the issues of trade facilitation, freedom of transits, introduction of international customs and trade standards, law enforcement, including the fight against drug trafficking and tobacco smuggling. The parties also debated new…
On November 24, Latvia’s Saeima approved amendments to the Value Added Tax Law that provide for simplifying VAT usage and reducing VAT to 5% for fresh fruits, berries and vegetables in the final reading. Finance Ministry previously explained that the goal of amendments was clarifying VAT regulations to simplify application of VAT, reduce administrative burden…
Economy of Kyrgyzstan is expected to shrink by 5.3% at year-end, the acting Prime Minister of Kyrgyzstan Artem Novikov has announced at a meeting of the parliamentary committee on economic and fiscal policy. According to him, the gross domestic product will amount to 583 billion soms. In 2021, the economy is expected to grow by…
The National Bank of Ukraine (NBU) provided UAH 600 million in refinancing to two banks on November 20, the NBU’s press service reported. “On November 20, a quantitative tender was held for the refinancing of banks for a term of 84 days. The applications of two banks for a total sum of UAH 600.0 million…