More than 58 million GEL (about $18.80 million or EUR 15.97 million) was brought into the state budget by the sale of state property in the seven months of 2020, the National Agency for State Property reported. The agency noted that according to data for the first two quarters of 2020, the privatization plan was…
Consumer spending has returned to the levels it was a year ago, at least with bankcard payments, according to SEB bank, fueled in part by a rise in spending on entertainment and tourism after a hiatus during the peak of the COVID-19 pandemic. However, this does not necessarily mean a return to business as usual…
Buying train tickets online in Kazakhstan is temporarily unavailable due to a technical failure, the Kazakh Railaways’ press service reports. The company’s statement says ticket sales via bilet.railways.kz as well as online sources are temporarily not available. The company is slowly resuming work of its ticket offices. (Kazinform/Business World Magazine)
Ukraine’s state-owned banks turned a profit of UAH 16.2 billion in January-June, down by UAH 3.4 billion YoY, the Ukrainian Finance Ministry’s press service reported. The profit of public sector banks in the first half of 2020 shrank by 17% (UAH 3.4 billion) primarily due to an increase in spending on the formation of banks’…
In July, consumer prices in Ukraine decreased by 0.6% MoM, according to data provided by the State Statistics Service. Consumer prices in July against June decreased by 0.6%; against December 2019 increased by 1.4%; against July 2019 – by 2.4%. In total, in January-July, consumer prices increased by 2.4% YoY. Core inflation in July was…
No increase of the tax burden as a result of the reform is acceptable, Prime Minister Krisjanis Karins has said after meeting with coalition partners. Karins promised to do everything to ensure the government is able to look at Finance Ministry’s prepared report on possible changes to the tax system, put rumors to rest and…
Shipping line Tallink is holding a farming-themed one-off cruise to the Aland/Ahvenanmaa islands in September. The cruise mirrors earlier such trips the company has organized to the autonomous Finnish islands, as well as to Saaremaa, and coincides with Aland’s Open Farms weekend on September 18-20. “We have been able to offer more trips to Aland…