In January-May, local budgets of Kherson region received UAH 542,000 in tourist tax payments, up by 18% YoY, Kherson Regional State Administration reported with reference to information released during the conference call. “The increase in revenues is due to the collection of tourist tax on the territory of local councils, where the number of accommodation…
From 2013 to 2019, Ukraine decreased exports of goods to the Russian Federation by 78% and increased exports to the European Union by 24%, President of the Kyiv School of Economics, Adviser to the Head of the President’s Office Tymofiy Mylovanov said this at the All-Ukrainian Forum “Ukraine 30. International Relations”. “Between 2013 and 2019,…
Uzbek President Shavkat Mirziyoyev has inked a new law aimed at improving the public procurement system. According to the document, from July 5, the relevant corporate customers should publish announcements about the conduct of procurement procedures and information about its results on a special information portal and through the media. The current procedures for carrying…
Georgian Prime Minister Irakli Garibashvili projects the Georgian economy to grow by 7.7% this year, while the nominal gross domestic product (GDP) will amount to 57.2 billion GEL (about $18.13 or EUR 15.27 billion). “When we started opening up the economy and removing regulations four months ago, it created quite positive expectations in business and…
The EU announced new sanctions on Minsk last month, banning the transit of potash fertilizer, oil, and tobacco products. While supporting the sanctions, Lithuania was mindful of the effects on its economy. These may be milder than previously feared. The EU sanctions target Belaruskali, one of the world’s largest potash fertilizer producers. The company uses…
The National Bank of Ukraine (NBU) purchased $26 million on the interbank foreign exchange market last week, according to data provided by the central bank. According to the results of foreign exchange interventions, the National Bank bought $26 million on the interbank foreign exchange market between June 29 and July 2. Since the start of…
In January-June, government borrowings to the general fund of the state budget amounted to UAH 257.8 billion, or 76.6% of the target for this period, the Finance Ministry reported. A total of UAH 211.4 billion was raised from the placement of domestic loan bonds, including UAH 59.7 billion in foreign currency ($1.7 billion and EUR…