Poor households will gain very little from the recently approved tax reform. There is a large number of unemployed people, which will not the change with PIT, according to results of a study performed by Stockholm School of Economics in Riga and economic policy research center Biceps. At the same time, the reform does not…Details
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Baltic Association – Transport and Logisics President Inga Antane describes the situation with Latvia’s transit industry as tragic. Cargo volume decline has been continuing since 2012. Antane also mentions that, looking at the recent past, 2016 was one of the worst in Latvia’s transit history. It should be added that from April onward there was…Details
The Board of the National Bank of the Republic of Belarus (NBRB) has decided to reduce the refinancing rate from 12% to 11.5% per annum on September 13, the information and public relations office of the National Bank of the Republic of Belarus reported. The interest rates on standing and bilateral transactions designed to maintain…Details
Ukraine: NBU lifts restrictions on issue of forex cash and banking metals from current and deposit accounts
The National Bank of Ukraine (NBU) has lifted restrictions on the issuance of cash in foreign currency and banking metals from current and deposit accounts through cash desks and ATMs, the NBU reported on the website. “Individuals will be able to receive cash in foreign currency or banking metals from current and deposit accounts through…Details
In the updated draft financial plan for 2017, PJSC “Ukrzaliznytsia” expects that in October cargo transportation rates will be indexed by 22.5%. The, acting head of Ukrainian Railways Ievgeniy Kravtsov hopes that it will be possible to switch to annual change in tariffs depending on the index of industrial prices. In his opinion, this will…Details
Services worth $281.9 million were rendered in H1 as part of the general contract to build the Belarusian nuclear power plant, according to the Belarusian Energy Ministry website. In H1 work continued to build the first and second power-generating units of the Belarusian nuclear power plant as well as the facilities the entire power plant…Details
The total proportion of grey economy in Latvia’s fishing industry may be around 40%, says fish processing company Brivais vilnis chairman Arnolds Babris. “I think its presence in the fishing industry is roughly the same as it is in the country – around 40%,” said Babris. He admits there are companies in the industry, which…Details