Ukraine: local budgets revenue up in H1 2019

Receipts of own revenues of the local budgets’ general fund in January-June increased to UAH 128.8 billion ($4.99 billion), which is 19.6%, or UAH 21.1 billion ($817 million) over the amount for the same period of 2018. That’s according to Vice Prime Minister, Minister of Regional Development, Construction, Housing and Public Utilities of Ukraine Hennady…

Lithuania: Ukrainians hungry for jobs

Once a country of EU record-high emigration, Lithuania has recently become a new home for thousands of Ukrainians, who come here in search of a better life. According to the Lithuanian Migration Department, the number of Ukrainians living in Lithuania rocketed by almost 42% in 2018, making them the largest foreign community in Lithuania. The…

Azerbaijan: taxes applied to online business

If quarterly incomes of persons in Azerbaijan engaged in online business exceed 200,000 manats, they are subject to income tax and value added tax, the Azerbaijani Ministry of Taxes reported. “If the amount of taxable transactions exceeds 200,000 manats, these people should apply for registration as VAT payers in the first decade of the next…

Kyrgyzstan: state debt up in May 2019

In May the state debt of Kyrgyzstan reached $696 per capita. Over the month, the debt burden has grown by $1.51. According to the Ministry of Finance, as of May 31, the total amount of state debt (external + internal) of Kyrgyzstan was $4,453.86 billion (311,102.22 billion soms), including $3,783 billion (264,242.34 billion soms) of…

Kyrgyzstan: industry volume up in January-May 2019

Volume of industrial production has grown in Kyrgyzstan ,the Deputy Head of the State Committee for Industry, Energy and Subsoil Use Zhyrgalbek Sagynbaev declared. According to him, the figures increased due to Kumtor and Taldy-Bulak Levoberezhny fields. In addition, in January-May volume of production amounted to 104,029.1 billion soms. According to the ministry, 88 permits…

Estonia: inflation at 2.4% in June 2019

Inflation was 2.4% YoY to June 2019, Statistics Estonia reports. Services saw a higher Consumer Price Index (CPI) rise than goods, 3.5%, compared with 1.8%. Regulated prices of goods and services rose by 0.8% and non-regulated prices by 2.9%. CPI rises were affected the most by food and non-alcoholic beverages, which comprised nearly 30% of…

Ukraine: National Bank registers new payment system

The National Bank of Ukraine (NBU) has registered a new domestic payment system, the central bank’s press service has reported. “The National Bank of Ukraine agreed the rules and registered the domestic payment system Lime Money,” the report says. The payment organization of the domestic payment system Lime Money is Smart Finexpert LLC (Mykolaiv). Lime…

Ukraine: exports to Canada up in Q1 2019

In the first quarter of 2019, exports of Ukrainian goods and services to Canada amounted to $41.9 million, up by 48.8% YoY, the press service of the Economic Development and Trade Ministry wrote on Twitter. In particular, over the reporting period, Ukraine’s exports of goods to Canada made up $27.2 million, up by 62.4%. The…

Armenia: exports up in May 2019

According to the National Statistical Service of Armenia, Armenia recorded a 11.7% growth of exports of goods in May 2019 against May 2018. Some types of the goods recorded double-digit rise of export in May 2019 against May 2018, as well as in the January-May of this year against the same period of 2018. Some…

Azerbaijan: average monthly salary in Baku up in January-April 2019

In January-April the average monthly salary in Baku increased by 3.9% YoY and amounted to 820 manats, the Baku city Statistical Department reported. The employees of enterprises and organizations engaged in industrial, financial and insurance, professional, scientific and technical spheres, as well as ICT and construction sectors had the biggest average monthly salaries. The employees…

Ukraine: conditions to boost economic growth named

First Deputy Prime Minister of Ukraine, Minister of Economic Development and Trade Stepan Kubiv says Ukraine demonstrates strong economic growth, but to significantly accelerate its pace, the government should ensure the opening and liberalization of markets for the entry of private capital in a number of key sectors. “For economic growth to be more dynamic,…

Azerbaijan: tax revenues to state budget from banks and insurance companies up in January-May 2019

In January-May financial revenues from banks and insurance companies through the Ministry of Taxes to Azerbaijan’s state budget increased by 48.4% YoY. The total revenue value from banks and insurance companies for the reporting period amounted to 180.2 million manats. Over a quarter of all tax transfers accounted for the industrial sector – 560.9 million…

Ukraine: national debt down in May 2019

The volume of public and publicly guaranteed debt of Ukraine in May decreased in dollar terms by $1.44 billion, or by 1.8%, to $78.4 billion, the Ministry of Finance reports. In the hryvnia equivalent, public debt for the said period was down by UAH 18.36 billion, or by 0.9%, to UAH 2.106 trillion. According to…

Ukraine: industrial output up in May 2019

The volume of Ukraine’s industrial production grew by 1.6% in May compared with the relevant month last year, the Economic Development and Trade Ministry wrote on Facebook. “The Ukrainian industry continues to grow steadily! Thus, in May the volume of industrial production increased by 1.6% compared to the relevant period last year. The following industrial…