In 2020, general government budget deficit accounted for EUR 1.3 billion or 4.5% of the Gross Domestic Product (GDP) and general government consolidated gross debt amounted to EUR 12.7 billion or 43.5% of the GDP. Under the impact of Covid-19 pandemic in 2020 general government revenues, compared to 2019, reduced by 0.4% and comprised EUR…
Registered unemployment rose from 5.8% to 8.7% YoY as of the end of the first quarter of 2021, particularly in more rural counties, which had been hit hard by the ongoing economic effects of the pandemic even if their reported coronavirus rates were not as high as other areas. Women, too, have been hit more…
An interdepartmental working group was formed to develop a draft of a new version of the Tax Code, the Ministry of Economy and Finance of Kyrgyzstan reported. The main goal is to adapt the tax legislation of Kyrgyzstan to modern economic conditions and create favorable conditions for activities of taxpayers. It is planned to simplify…
The Deposit Guarantee Fund of Ukraine accumulated UAH 14.835 billion as of April 1, the Fund’s press service reported. “The total amount of funds accumulated by the Fund reached to UAH 14,835.4 million as of April 1. Revenues from regular fees transferred to the Fund in January-March came to UAH 1,113.6 million,” reads the report.…
United States authorities have listed key reforms that Ukraine should implement to improve the business climate and raise American investment. Deputy Foreign Minister of Ukraine Yevhen Yenin had a telephone conversation with U.S. Deputy Assistant Secretary of Commerce for Europe and Eurasia David De Falco, the Foreign Ministry’s press service reported. In particular, the two…
A meeting of Tajik Deputy Finance Minister, Yusuf Majidi, with Iranian Deputy Minister of Energy for International Affairs, Mohammad Ali Farahnakian, took place in Dushanbe on April 15. According to the Secretariat of the Ministry of Finance (MoF), the two reportedly discussed issues related to further expansion of mutually beneficial cooperation between Tajikistan and Iran.…
The amount of cash in circulation in Latvia has leveled out as a result of borders becoming closed following the start of Covid-19 pandemic, as reported by the Financial Intelligence Unit (FID) manager Ilze Znotina. “We believe it is related to large amounts of cash being carried over the border. We have informed the State…