Minister of Finance Serhiy Marchenko says he sees no risks of a significant hryvnia devaluation until the end of the year. “For the Ministry of Finance, the hryvnia to the U.S. dollar rate is an exclusively technical indicator that is used to calculate budget figures,” Marchenko said. “I have no fears about the hryvnia exchange…
Because of COVID-19 it has been decided to extend tax payments for companies in Latvia. The total amount of taxes under this change reaches EUR 145.49 million, according to data compiled by the State Revenue Service (VID). In nine months of 2020, 8,956 taxpayers were provided with 27,240 tax payment term extensions. Generally tax payment…
Since the beginning of the year, around 20 thousand new jobs have been created in Aktobe region, Aktobe region governor Ondasyn Urazalin has announced. According to Urazalin, in the current year, around 20 thousand new jobs have been created in the region, of which 11 thousand are permanent ones. 23 thousand persons have found employment…
According to Statistics Estonia (Statistikaamet), the consumer price index for October dropped by 0.5% MoM and by 1.5% YoY. Statistics Estonia analyst Viktoria Trasanov said that compared to October 2019, the consumer price index was affected the most by price decreases of motor fuel and plane tickets. “Diesel fuel prices dropped by 28.3% and gasoline…
In January-October, local budgets of Zakarpattia region received more than UAH 5 million in tourist tax payments, down by 20% YoY. “In 10 months, local budgets of Zakarpattia region received UAH 5.1 million in tourist tax payments, down by 19.7%,” the Tourism and Resorts Department of Zakarpattia Regional State Administration reported on Facebook. (Ukrinform/Business World…
Prime Minister Juri Ratas and representatives of startups discussed foreign workers, how they should be welcome in Estonia and labor legislation. Ratas (Center) said startups and the IT sector more broadly had enormous growth potential and a focus on offering high value-added products. “As almost a quarter of the staff in this sector are foreigners,…
Compared to September 2019, manufacturing production output according to calendar adjusted data at constant prices decreased by 0.6% in September 2020. Production output decreased in electricity and gas supply by 22.7%, with a significant decrease in the volume of electricity produced in combined heat and power plants (CHP) and gas supply to consumers. In turn,…