Excise taxes on oil products in Moldova will increase more than expected in the next three years. This is stipulated by the fiscal policy for 2017 passed by the Parliament of Moldova in the final reading. In particular, in 2017 the excise rate was going to grow from MDL 4,137 to MDL 4,503 per ton…Details
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The E.U. has official prolonged its anti-Russian sanctions for six months until July 3, 2017 from December 31, 2016, the E.U. Council said in a statement. “Having assessed the implementation of the Minsk agreements at the European Council meeting of December 15, the E.U. heads of state and government paved the way to renew the…Details
The members of Riigikogu passed on December 19, a series of tax changes pushed for by the new Estonian government that set forth increasing excise tax for fuel, light alcohol and raising considerably level of income exempt from income tax. The proposals adopted by 55 votes for and 37 against cancel the 0.5% cut in…Details
President of the European Bank for Reconstruction and Development (EBRD) Suma Chakrabarti has said that the EBRD is strongly supportive of the decision of the Ukrainian government to nationalize PrivatBank and to protect the bank’s depositors, both individuals and businesses. “The nationalization which took place with the cooperation of existing shareholders will be combined with…Details
Estonia’s Tekhnolift will supply EUR 3.378 million worth of special equipment from European manufacturers for the upgrade of the state-owned company Brest Waste Recycling Factory, a company official reported. They plan to start the upgrade in spring 2017. Brest Waste Recycling Factory has been operating since November 2010, providing sewage water treatment and recycling solid…Details
EIB and EBRD will provide Moldova with a EUR 82 million loan for the construction of the 120-km-long Ungheni-Chisinau gas pipe. This is stipulated by the financing contract Moldova and the European Investment Bank have signed. According to the press service of EIB, EIB and EBRD have assigned EUR 41 million each for the project.…Details
Belarus’ proceeds from fresh/chilled beef export totaled $258.863 million in January-October, down by 10.9% YoY, Belstat said in a report. Belarus exported 87,510 tons of fresh and chilled beef in January-October, up by 2% YoY. Almost all beef was exported to Russia – 87,422 tons (up by 2.3%) worth $258.681 million (down by 10.7%). Cheese…Details