The National Bank of Ukraine (NBU) has determined a list of critical infrastructure facilities in Ukraine’s banking system, the NBU’s press service has reported. Such powers are provided to the NBU by the law of Ukraine “On Basic Principles of Ensuring Ukraine’s Cybersecurity”. The critical infrastructure facilities in Ukraine’s banking system include banks, the sustainable…Details
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Air Kyrgyzstan OJSC could not withstand the competition due to the entry into market of the Turkish airline Pegasus, Russian Ural Airlines, S7, Yamal and private Kyrgyz airlines, report of the Accounts Chamber of Kyrgyzstan on the results of audit of the company for 2018-2019 showed. According to the results of financial and production activities,…Details
Since December 2020 Latvian State Revenue Service (VID) has paid EUR 115,602,164 in downtime benefits and wage subsidies, as reported by VID representatives. The amount paid in downtime benefits and wage subsidies has increased by EUR 1,695,166 over the course of the past several days. 43,319 companies have been paid downtime benefits worth EUR 77,093,695…Details
The State Tax Committee has introduced changes in the invoice processing system. Since April 23, taxpayers are able to draw up additional or corrected invoices upon receiving a basis for adjusting the tax base. The downward adjustment of the tax base is made by issuing additional invoices with negative indicators, which correct the information in…Details
The government reached an agreement on a four-year state budget strategy with Minister of Finance Keit Pentus-Rosimannus (Reform) saying there were cuts to be made on fixed costs. The new budget strategy will work towards balancing the budget and cuts will be made in every area of government. Each sector will propose where savings can…Details
The National Bank of Ukraine (NBU) projects that the unemployment rate in Ukraine in 2021 will fall to 9.1% on average and to 8.5% in 2022, according to a quarterly inflation report of the National Bank of Ukraine (NBU) for April. “According to the National Bank, the unemployment rate will decrease and total 9.1% on…Details
Prime Minister of Ukraine Denys Shmyhal has held an online meeting with Chief Operating Officer for the International Finance Corporation (IFC) Stephanie Von Friedeburg. The parties discussed the implementation of joint projects, as well as the development of cooperation between IFC and local governance. Shmyhal noted that due to the consulting and financial support of…Details