The value added tax will remain 21% in Lithuania after the country’s parliament on May 9 rejected the liberals’ initiative to cut it to 18% from 2020, a level that was before the 2009 crisis. 22 lawmakers voted in favor of the parliament starting deliberation of the proposed amendments to the Law on Value Added…
DetailsAt the end of April the Port of Riga opened the 2019 cruise season when the 300-meter cruise ship MSC Poesia entered the port. MSC Poesia is owned by the cruise line MSC and brought more than 2,500 tourists to Riga during its Baltic cruise. The 10-day cruise started in Warnemunde, Germany, and had already…
DetailsIn April, the gross international reserves of Kyrgyzstan decreased by $17.06 million, the National Bank reported. Gross international reserves of the republic amount to $2,180.09 billion. Compared with April 2018, they reduced by $12,890 million. Over the past two years, the highest level of the reserves was recorded in January 2018 – $2,220.44 billion. The…
DetailsUkrainian plants manufactured 1,880 motor vehicles in January-April, down by 31.4% YoY, according to the Ukrainian Motor Vehicle Manufacturers Association, UkrAutoProm. In particular, over the first four months, Ukrainian plants produced 1,587 cars (-33.4%), 15 commercial vehicles (-85.1%), and 278 buses (+9%). According to preliminary data provided by the association, 139 vehicles were manufactured in…
DetailsUkraine’s State Food Safety and Consumer Protection Service and the relevant authority of Bosnia and Herzegovina have agreed on issuing a veterinary certificate for shipments of milk and dairy products from Ukraine. The country’s regulator has approved veterinary certificates for shipments of milk and dairy products from Ukraine to Bosnia and Herzegovina, the Ukrainian agency’s…
DetailsAccording to information released by Statistics Estonia, the export of goods increased by 8% and imports by 5% YoY in March. This trade growth is attributable to increased exports and imports alike with other EU countries. This March, exports from Estonia amounted to EUR 1.2 billion and imports to EUR 1.4 billion at current prices.…
DetailsA new, modern scientific research and cultural enlightening center-museum will be opened in the vicinity of the Iveria Holy Virgin Mary Church on the Makhata hill in Tbilisi. This will be the place with a mandate to carry out research and studies in full compliance with priorities declared by the Government of Georgia and the…
DetailsCompared to March, consumer prices in April possibly grew by 0.6-0.8%, which means annual inflation in Latvia has reached approximately 3.2-3.4%, bank analysts predict. Swedbank’s acting chief economist in Latvia Agnese Buceniece notes that in April, when compared to March, consumer prices increased by 0.6%, whereas annual inflation was approximately 3.2% when compared to April…
DetailsThe Finance Ministry will submit the Budget Declaration for 2020-2022 to the Cabinet of Ministers for approval this week, Finance Minister Oksana Markarova stated during a business forum of the European Bank for Reconstruction and Development (EBRD), the ministry’s press service wrote on its Facebook page. “The Finance Ministry will continue to work on active…
DetailsOlkom Group’s PJSC Kyiv Margarine Plant invested more than UAH 4 million in upgrading technologies and acquiring new equipment in Q1. Owing to investment, the plant has doubled its capacity for production of edible fats and industrial margarines. In addition, up-to-date equipment was installed there for identifying fatty acid trans-isomers (a gas chromatograph) and evaluating…
DetailsGeorgia’s capital of Tbilisi is continuing to modernize its public bus fleet by introducing 90 brand new, 10-meter long diesel operated buses. There are 27 seats in the new buses, which can take up to 82 passengers in total. The buses are equipped for people with disabilities and with modern systems such as heating, air…
DetailsAccording to the Estonian Breweries Association (Eesti Olletootjate Liit), cross-border trade in beer, cider and low-alcohol beverages is not showing signs of diminishing, with beer seeing a large rise since last year. Hikes in alcohol excise duties in recent years have met with criticism, mainly due to the harm the hikes do to domestic alcohol…
DetailsThe Azerbaijani bank “TuranBank” has increased its authorized capital by 27.3%, to 70 million manats. In accordance with the decision of the bank’s shareholders dated January 14, it was decided to increase the authorized capital by 15 million manats by placing an additional emission in the amount of 13,864 shares with a par value of…
DetailsBoryspil International Airport will launch the first phase of multilevel parking for passengers on May 23, according to the airport’s commercial director, Heorhiy Zubko. “On May 23, we will open the first phase of multilevel parking for passengers and continue the development of the airport,” he wrote on his Facebook page. He added that there…
DetailsVinnytsia region has significantly reduced sugar beet harvested areas. While last year sugar beet was harvested from 55 thousand hectares, this spring the sugar beet areas decreased to 44.8 thousand hectares. “Sugar beet area was planned at 48.3 thousand hectares, but it was sown only on 92%”, said the deputy director of the regional department…
DetailsSince May 1, Azerbaijan has started supplying electricity to Greece, Romania, Bulgaria and Hungary through Georgia and Turkey, Azerenergy OJSC said in a message. Azerenergy was among the winning companies participating in the auction to supply electricity to Greece and Bulgaria. The company also supplies electricity to Iran, Russia, Turkey and Georgia. In the coming…
DetailsGeorgia’s three international airports serviced 1,450,847 passengers in January-April, up by 20% YoY, says the United Airports of Georgia. The number of passengers who took regular or charter flights in Georgia increased in all three main airports of the country: Tbilisi Shota Rustaveli International Airport, Batumi Aleksandre Kartveli International Airport and Kutaisi David Aghmashenebeli International…
DetailsWhile previously a net electricity exporter for many years, Estonia has recently become an importer. As the power industry’s trade union sees it, the domestic energy production sector is at risk, with the end of national electricity markets, Estonia’s ratification of the Paris Agreement, and cheaper electricity available abroad conspiring to see the sector at…
DetailsIn April, the international passenger traffic at the Kharkiv International Airport grew by 57%. “In April, the international passenger traffic at the Kharkiv Airport totaled 75,500 people, up by 57% YoY, when the traffic was 48,100 people. Taking into account domestic flights, 92,900 passengers used the airport services in April, up by 43%,” the press…
DetailsIn January-April, local budgets received UAH 81.3 billion, up by 22.6% YoY or by almost UAH 15 billion, Ukraine’s State Fiscal Service (SFS) reports. “In January-April, according to operational data, the local budgets of Ukraine received UAH 81.3 billion of payments controlled by the SFS. This is 22.6% or almost UAH 15 billion more than…
DetailsRail Baltica has announced an international competition to design the new terminal in the Ulemiste district of Tallinn. Rail Baltic Estonia OU (note the difference in spelling), the Estonian enterprise behind the project, says the contest is aimed at providing a solution for a future joint terminal, set to include a terminal for both international…
DetailsGeorgia exported about 26 million bottles of wine to 38 countries in January-April, up by 4% YoY, announced the Georgian National Wine Agency. In the reporting period Georgia generated $63.2 million from the sale of wine abroad, up by 7%. Export of Georgian wine increased to the United States – 219,713 bottles (+108%), Israel –…
DetailsThe launch of a direct service between Vilnius Airport and London City Airport will give Lithuania another opportunity to attract London-based companies in the context of Brexit, Economy and Innovation Minister Virginijus Sinkevicius said ahead of LOT Polish Airline’s first business flight between Vilnius Airport and London City Airport. Paris and Munich are also mentioned…
DetailsUkraine’s Central Bank forecasts that the country’s GDP growth will slow down to 2.5% in 2019, only to speed up again starting next year: to 2.9% and 3.7% in 2020 and 2021, respectively. “The causes of the 2019 economic slowdown include weaker growth in the world economy and global trade, a restrained fiscal policy due…
DetailsSince the beginning of 2019, UAH 2 billion in revenues from taxes have been transferred to local budgets of Mykolaiv region, up by 21% YoY, Deputy Head of the Mykolaiv Regional State Administration Oleksandr Kushnir wrote on his Facebook page. “Since the start of the year, the general fund of local budgets of Mykolaiv region…
DetailsPrices of vegetables, meat, fruit and grapes have increased in Georgia, show the latest inflation data from the National Statistics Office of Georgia (Geostat). In April the prices of food and non-alcoholic beverages increased by 0.7%. The prices in the group increased for the subgroups of: vegetables (5.6%), fruit and grapes (5%) and meat (1%).…
DetailsAugusta Deglava Overpass was reopened for public transport on May 4. A speed limit of 20 km/h was imposed, however. Riga City Council, Transport Department, Riga City Construction Office, State Police and State Construction Control Office representatives agreed as much on May 3. During the joint meeting, participants discussed the option to reopen the bridge…
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