Georgia has seen a solid economic growth over the last few years, made possible partly due to ongoing economic reforms, the EU Delegation in Georgia reports. According to the source, these reforms included overhauling tax collection procedures, fighting against corruption, opening up the country to foreign trade and investment, improving infrastructure and simplifying the business…
In January-June, SCM Group paid almost UAH 35 billion in taxes, of which UAH 29 billion was transferred to the state budget and UAH 5.8 billion to local budgets. “In H1 2021, SCM’s Ukrainian businesses paid almost UAH 29 billion to the national budget, up by 57% YoY. Taxes paid to local budgets grew 38%,…
Estonia’s economy has recovered very well and has exceeded pre-crisis levels in most sectors, a recent economic forecast by the Bank of Estonia reads. There is increased price growth in Estonia, which could be calmed if the government would not increase the volume of expenditure in the coming years, the central bank warns. Prolonged price…
Georgia will be one of the first countries in the region to start negotiations on a free trade agreement with the United Arab Emirates (UAE), Georgian Economy Minister Natia Turnava has announced after the meeting in the Ministry of Economy of the UAE. “It is important that the talks will start without a feasibility study,…
Budget deficit is expected to reach 9 billion soms in 2022, the First Deputy Minister of Economy and Finance of Kyrgyzstan Almaz Baketayev has announced at a public hearing of the draft republican budget for 2022 and forecast for 2023-2024. According to him, the total revenues of the republican budget, taking into account state investment…
The draft state budget for 2022 provides for UAH 3 billion for the program to support Ukrainian entrepreneurs “Affordable Loans at 5-7-9%”, the Finance Ministry has written on its Facebook page. “The draft budget for 2022 is an investment in people, the country and the future. One of the priorities of the budget is the…
The draft state budget for 2022 envisages 21% of expenditures on the security and defense sector, to the Minister of Finance, Serhiy Marchenko has said. In total, UAH 319.4 billion will be spent on national security and defense, which corresponds to 5.95% of GDP. “These are expenditures within budget programs run by the Ministry of…