The Finance Ministry aims to reduce the national debt to 50.5% of GDP by the end of 2019, and to 41.4% of GDP within the next three years, according to Finance Minister Oksana Markarova. “In the updated medium term state debt management strategy for three years, which Finance Ministry presented at the previous meeting of…Details
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Investments from 32 countries were attracted in the economy of Volyn region in 2018, the press service of the Volyn Regional State Administration reported. “32 countries invested in the economy of Volyn region in 2018. The main ones were Poland, Austria, Germany, Sweden, Slovakia and Cyprus, with direct investments totaling 92.1% of the overall amount,”…Details
Placing floating solar panels in dams of hydroelectric plants Lithuanian Business Support Agency sees potential in the innovation and has granted 235,000 euros for the project at the Kruonis hydroelectric plant. The first stage of the project is scheduled to be completed by the end of 2021. State-owned enterprise Lietuvos Energijos Gamyba will be developing…Details
Georgia will start producing electric cars that will appear on local as well as EU markets starting in 2020, announced the Prime Minister of Georgia Mamuka Bakhtadze. One of the world’s largest electric car manufacturers, the Changan Corporation, will construct a production factory in the western Georgian city of Kutaisi. “Production capacity of the plant…Details
According to the information released by Statistics Estonia on April 9, Estonian exports of goods increased by 4% and imports by 5% YoY in February, with exports being boosted by wood, articles of wood and prefabricated wood buildings. In February, exports from Estonia amounted to EUR 1.16 billion and imports to EUR 1.26 billion at…Details
In the first quarter of 2019 Ukraine International Airlines carried more than 1.5 million passengers, up by 8% YoY. During this period, UIA operated 13,600 flights with the load factor of 75%, which corresponded to the figures of 2018. At the same time, the punctuality rate of UIA during the first quarter increased and reached…Details
Ukraine’s State Fiscal Service (SFS) reimbursed UAH 45.4 billion worth of value added tax (VAT) in January-March, the SFS press service reported. “Compared to the relevant period of last year, the amount of compensation grew by 34.8%, or by UAH 11.7 billion. UAH 38 billion worth of VAT was returned to taxpayers in January-March 2018,”…Details