Finance minister Keit Pentus-Rosimannus (Reform) says that the coalition is tackling the issue of budgetary deficit exacerbated, but not solely caused by, the coronavirus pandemic and its economic effects. This was exemplified by a nearly-balanced state budget planned for 2022. “We are now seeing a growth, whereas before the economy had been in a hole,”…
The director of Uzbekistan’s Anti-Corruption Agency Akmal Burkhanov announced the statistics of detected corruption crimes for the past year and the first half of 2021, committed by officials of various levels. According to him, a total of 1,723 officials were brought to criminal responsibility in 2020. The damage from corruption amounted to $46.8 million, 71%…
Georgian Prime Minister Irakli Garibashvili and his counterpart Kyriakos Mitsotakis have discussed the future prospects of Georgian-Greek cooperation and the deepening of the bilateral trade-economic ties on the sidelines of the United Nations General Assembly (UNGA) 76th session in New York. Garibashvili thanked PM Mitsotakis for his support of Georgia’s territorial integrity and sovereignty, as…
Next year’s budget revenue and expenditure are both more than EUR 13 billion. Revenues are rising due to rapid economic growth and next year’s budget deficit will remain within the limits of the European Union’s budgetary rules, which is less than 3% of GDP. According to the budget strategy drawn up in spring, next year’s…
Four parties of the ruling coalition in Latvia together with Atis Zakatistovs’ Stability Group have reached a political agreement on the 2022 state budget, as confirmed by the Latvian Prime Minister Krisjanis Karins. He said in the next year’s budget it would be very important to promote both economic growth and residents’ welfare, as well…
Uzbekistan’s total external debt in the first six months of 2021 amounted to $35.9 billion (57% against GDP), according to the data unveiled by the Central Bank on September 24. Since the beginning of the year, the indicator has expanded by 6% or by $2 billion. External debt includes public and private debt. The first…
On September 23, Latvian Saeima rejected a proposal submitted by opposition members to reduce VAT for sectors of the economy impacted the most by the Covid-19 crisis from 21% to 5%. The parliament reviewed amendments to the Value Added Tax Law submitted by the political party Republika Saeima. In the end amendments were rejected. Saeima…