On November 24, Latvia’s Saeima approved amendments to the Value Added Tax Law that provide for simplifying VAT usage and reducing VAT to 5% for fresh fruits, berries and vegetables in the final reading. Finance Ministry previously explained that the goal of amendments was clarifying VAT regulations to simplify application of VAT, reduce administrative burden…Details
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Economy of Kyrgyzstan is expected to shrink by 5.3% at year-end, the acting Prime Minister of Kyrgyzstan Artem Novikov has announced at a meeting of the parliamentary committee on economic and fiscal policy. According to him, the gross domestic product will amount to 583 billion soms. In 2021, the economy is expected to grow by…Details
The National Bank of Ukraine (NBU) provided UAH 600 million in refinancing to two banks on November 20, the NBU’s press service reported. “On November 20, a quantitative tender was held for the refinancing of banks for a term of 84 days. The applications of two banks for a total sum of UAH 600.0 million…Details
A moderate growth in the U.S. dollar exchange rate against the hryvnia is expected this week, according to Vadym Iosub, a senior analyst at Alpari analytical company. Over the past week, the hryvnia exchange rate against the U.S. dollar in all segments of the foreign exchange market has decreased moderately by 0.6-0.9%. Since last Monday,…Details
The Nursultan Nazarbayev International Airport has finalized the RA-3 (Regulated Agents Third country) certification process vital for transportation of air cargo bound to the EU, the press service of the airport reports. The Nur-Sultan International Airport is the only airport in Kazakhstan obtaining such a status, enabling all its air carriers to transport cargo to…Details
In October, compared to October 2019, the average level of producer prices in Latvian industry fell by 1.3%. Prices of products sold on the domestic market have fallen by 3%, but prices of exported products have grown by 0.2%. Prices of products exported to euro area countries rose by 0.4% and prices of products exported…Details
Throughout the past week, the National Bank of Kyrgyzstan has been conducting interventions selling dollars. The National Bank sold $21.4 million on November 16. The next day, the bank again entered the foreign exchange market with an intervention of $500,000. On November 18, the National Bank of the Kyrgyz Republic sold $1.3 million. On November…Details