Estonian fintech unicorn firm Transferwise has shortened its name to Wise, the company has announced. The name change resulted from the company’s growth beyond its original incarnation as a secure money transfer platform, branching out into international banking and other services, the company says. “For generations, banks have been defined by borders,” co-founder and CEO…
Legal entities have only one this left to file the single tax return, the State Tax Service of Kyrgyzstan reminds. According to the law, domestic organizations, including peasant and farm enterprises, as well as foreign organizations operating in Kyrgyzstan with formation of a permanent institution have to file the tax return until March 1. The…
Uzbekistan for the first time in three years did not sell a single gram of gold in January, according to the state statistics committee. The country started the previous two years with an active sale of precious metal. There were periods when the sale of gold accounted for 50% of all exports and more. The…
Trade between Ukraine and Turkey in 2020, despite pandemic restrictions and slowdowns, remained at pre-pandemic levels and amounted to about $5 billion, Ukraine’s Ambassador to Turkey Andrii Sybiha said at the first constituent meeting of the Ukrainian part of the Ukrainian-Turkish Chamber of Commerce and Industry. “Last year’s turnover was about $5 billion. We have…
The Cabinet of Ministers of Ukraine has approved the budget of the Pension Fund of Ukraine for 2021, the press service of the Social Policy Ministry reports. “At a government’s meeting on February 17, the budget of the Pension Fund of Ukraine for 2021 was approved by a resolution of the Cabinet of Ministers,” reads…
Estonian pensioners have withdrawn more than 112 million euros from their second pillar pension fund since the new rules came into force on January 1. Money withdrawal from the second pillar is subject to a 20% income tax, but this drops to 10% for those over 60 this way discouraging younger people from taking the…
The Swiss Government has contributed 2.5 million Swiss francs to boost United Nations World Food Programme (WFP) of support to vulnerable Kyrgyz families hit hard by the impact of the COVID-19 pandemic. WFP will use the funds for cash assistance to 80,000 people who will work in community assets creation or skills training programs designed…