It would not be right to postpone the planned tax reform because of the illness spreading in Latvia because of Covid-19 coronavirus. It should be implemented at least partially, said Bank of Latvia governor Martins Kazaks on March 24. “It is clear it will not be possible to revise the tax system, but there are…
Ukraine’s real GDP in 2019 rose by 3.2% YoY, according to the data provided by the State Statistics Service. “The real gross domestic product (GDP) grew by 3.2% in 2019 compared to 2018,” reads the report. In 2019, the nominal GDP amounted to UAH 3.97 trillion, and the GDP per capita made up UAH 94.57…
Ministries of Healthcare and of Trade and Integration have made changes to recommendations on operation of major trade facilities during the emergency state introduced in the country. The changes allow major trade facilities (shopping centers, hypermarkets, trade houses, markets), the area of which is no less than 2,000 square meters, to operate over the time…
Enterprise Georgia agency is starting a new program to co-finance family-owned, small and medium-size hotels in Georgia. As reported, the program will seek to alleviate financial problems in the tourism industry due to the spread of the coronavirus. The program aims to support family-owned, medium and small-size hotels so that they continue operating in the…
Compared to January, in February the level of producer prices in Latvian industry fell by 0.3%. Prices of products sold on the domestic market reduced by 0.2% and prices of exported products – by 0.4%. Prices of products exported to euro area countries decreased by 0.5% and prices of products exported to non-euro area countries…
The National Bank of Ukraine (NBU) sold $200 million in the interbank market on March 19 to smoothen out excessive exchange rate fluctuations, the central bank wrote on its Facebook page. “We still do not set the exchange rate. There is a flexible exchange rate in the country. However, our goal is to avoid sharp…
The government decided on March 19 to launch a EUR 2-billion package of measures to boost the economy and mitigate the effects of the crisis caused by the coronavirus, Prime Minister Juri Ratas (Center) said. “The members of the government gave their approval to a package of measures of EUR 2 billion, which represented nearly…