On November 9, Saeima’s Budget and Finance Committee rejected the proposals submitted by the opposition politicians on reduction of VAT not just in general, but for multiple industries affected by COVID-19 crisis. The proposals in question were submitted for amendments to the Value Added Tax Law, already included in the state budget legislative draft for…Details
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Exports of goods increased by 11$%, while imports fell by 4% YoY in September, the state agency Statistics Estonia reported. The third quarter saw a 1% fall in exports and a 5% fall in imports. In September, both exports and imports of goods amounted to EUR 1.3 billion at current prices, Statistics Estonia said, and…Details
The National Bank of Ukraine (NBU) sold $70 million on the interbank foreign exchange market last week, according to data provided by the central bank. According to the results of foreign exchange interventions, the National Bank sold $70 million on the interbank foreign exchange market between November 2 and November 6. The regulator also purchased…Details
Minister of Finance Serhiy Marchenko says he sees no risks of a significant hryvnia devaluation until the end of the year. “For the Ministry of Finance, the hryvnia to the U.S. dollar rate is an exclusively technical indicator that is used to calculate budget figures,” Marchenko said. “I have no fears about the hryvnia exchange…Details
Because of COVID-19 it has been decided to extend tax payments for companies in Latvia. The total amount of taxes under this change reaches EUR 145.49 million, according to data compiled by the State Revenue Service (VID). In nine months of 2020, 8,956 taxpayers were provided with 27,240 tax payment term extensions. Generally tax payment…Details
Since the beginning of the year, around 20 thousand new jobs have been created in Aktobe region, Aktobe region governor Ondasyn Urazalin has announced. According to Urazalin, in the current year, around 20 thousand new jobs have been created in the region, of which 11 thousand are permanent ones. 23 thousand persons have found employment…Details
According to Statistics Estonia (Statistikaamet), the consumer price index for October dropped by 0.5% MoM and by 1.5% YoY. Statistics Estonia analyst Viktoria Trasanov said that compared to October 2019, the consumer price index was affected the most by price decreases of motor fuel and plane tickets. “Diesel fuel prices dropped by 28.3% and gasoline…Details