President Gitanas Nauseda proposed temporary income tax cuts and one-off payments to families with children to stimulate the country’s economy. The president presented the additional package worth 500 million euros after signing the Seimas-adopted law on one-off payments of 200 euros to pensioners and other social benefit recipients. Nauseda proposed to cut income tax from…
Pursuant to the agreements reached by the President of Ukraine Volodymyr Zelensky and the Emir of the State of Qatar Sheikh Tamim bin Hamad Al Thani, a phone conversation took place between Deputy Head of the Office of the President of Ukraine Ihor Zhovkva and Minister of Transport and Communications of the State of Qatar…
Finance Ministry borrowed UAH 34.7 billion ($1.3 billion), US$1.2 billion and EUR 277 million for the national budget at weekly bond auctions to place government domestic loan bonds in January-April. The weighted average yield on government bonds placement grew from 9.9% to 10.1% for securities in hryvnias and from 3.1% to 3.2% in dollars, while…
Ferry links between Tallinn and the Finnish capital, Helsinki, are partly reopening for work-related journeys. Tourist ferry trips are still off the table, however. All three major shipping lines, Tallink, Viking Line and Eckero, are restarting their routes, which, save for cargo supplies, have been largely dormant since March. The move follows an announcement by…
In Ukraine, 490 thousand citizens are officially registered as unemployed. “Today, with 490,000 persons officially registered as unemployed, we can say that the statistics on reduction in the number of unemployed will demonstrate the effectiveness of the government’s plan to create 500,000 jobs. Or if it is ineffective, the statistics will also reflect this and…
Economy Minister Ruslan Dalenov spoke about the results of the country’s socioeconomic development for January-April. Production of goods grew by 5.8%, while the production of services fell by 4%. As a result the GDP decreased by 0.2%. Production of services fell due to restrictions imposed amid the coronavirus spread fears. The annual inflation made 6.8%.…
The National Bank of Ukraine (NBU) says the country’s international reserves as of May 1 totaled $25.695 billion, up by 3.1% MoM. “As of May 1, Ukraine had an equivalent of $25,695.0 million in international reserves, according to preliminary data. In April, they increased by 3.1%. The increase was primarily driven by the NBU’s reserves…