According to state data agency Statistics Estonia, the average monthly gross wages and salaries in Estonia in 2020 were EUR 1,448, up by 2.9% YoY. Trade, accommodation, catering and arts and entertainment however saw a decline in average wages during the corona-riddled year. The nearly 3% increase is the first time in ten years the…
Temporary ban was imposed on the export of oil and oil products from Kyrgyzstan outside the customs territory of the Eurasian Economic Union. Prime Minister of the country Ulukbek Maripov has signed the corresponding decision. The decision was made to prevent a critical shortage in the domestic oil and oil products market. The ban is…
The Verkhovna Rada, Ukraine’s parliament, has passed bill No. 3761 to amend Section XX “Transitional Provisions” of the Tax Code of Ukraine as regards specifics of taxation of business entities implementing investment projects involving significant funds. Some 246 lawmakers backed the draft law in the second reading and as a whole with the required minimum…
All regional budgets of Ukraine and the budget of Kyiv city have been approved, according to the press service of the Finance Ministry. “The Finance Ministry of Ukraine informs that all regional budgets and the budget of the city of Kyiv were approved as of March 1,” reads the report. At the same time, the…
On March 1, parties representing the ruling coalition in Latvia conceptually agreed on a single-time EUR 200-benefit for pensioners and invalids, as confirmed by Prime Minister Krisjanis Karins after the meeting of the Coalition Council. The PM explained that representatives of ruling parties agreed on allocation of the single-time benefit. Recently the government has also…
The Estonian Traders’ Association has introduced new rules to stop the transmission of coronavirus inside shopping malls this week, but issues around a lack of security staff and non-member centers still persist. Last week the government said shopping malls could remain open but only as long as owners and retailers took extra precautions to enforce…
Syrdarya region plans to implement 737 projects worth $2.4 billion until the end of 2023, with the share of foreign investment amounting to $900 million. President Shavkat Mirziyoyev reviewed the projects on March 1. New projects are set to deliver $1 billion worth of goods and create almost 36,000 new jobs. The export potential of…