On October 14, Minister of Finances Janis Reirs submitted the state budget for 2022 to the Saeima to commence its review and approval process, as confirmed by the ministry. The delivery of the budget from the Ministry of Finances to the Saeima is a tradition that started in 1997 by the then Minister of Finances…Details
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The coalition parties, Reform and Center, reached agreement in principle on measures to alleviate soaring electricity, natural gas and household heating inflation. The government plans to halve the electricity network fee until March 2022 and provide support to low-income households, though still needs confirmation from the competition authority watchdog that it can go ahead. Center…Details
The Lithuanian government has approved a proposal to raise the minimum monthly wage before tax by 88 euros, or by almost 14%, to 730 euros from January 1, 2022. The minimum wage after tax will increase to 518 euros and the minimum hourly wage will rise from 3.93 euros to 4.47 euros. Social Security and…Details
In September, the gross international reserves of Kyrgyzstan reached their historic highs since the founding of the National Bank – $3,241.14 billion. Over the past month, gross international reserves grew by $380.4 million. At the same time, since the beginning of the year, the reserves have increased by $433.03 million, and compared to August 2020,…Details
Uzbekistan’s southwestern Navoiy region is set to see the implementation of over 2,200 investment projects worth over $9 billion in the coming years, if the country’s incumbent leader Shavkat Mirziyoyev wins the October 24 elections. Presidential candidate from the Liberal Democratic Party unveiled massive plans intended to give a boost to the region’s development. Plans…Details
As part of a working visit to the Kingdom of Sweden, on October 13, the Prime Minister of Ukraine Denys Shmyhal met with the Prime Minister of Sweden Stefan Lofven. Denys Shmyhal thanked the Swedish side for organizing the International Forum on Holocaust Remembrance and Combating Antisemitism, as well as for Sweden’s participation in the…Details
The Ukrainian Ministry of Energy is not considering the issue of commercial imports from Russia and Belarus for the heating season. “The Ministry of Energy is not considering the issue of commercial imports from Russia and Belarus for the planned passage of heating season. The Ministry of Energy has proposed the National Commission for State…Details