Armenia: wage taxes not to overload entrepreneurs

The proposed amendments to the Tax Code plan a 23% flat income tax, which in turn will reduce year-by-year and reach 20%, Deputy Minister of Finance Arman Poghosyan told lawmakers at hearings of the economic affairs committee. A representative of a civil society organization asked the official, which countries they’d observed in terms of experience…

Ukraine: industrial output up in March 2019

Industrial output in Ukraine grew by 2.1% YoY in March without taking into account the adjustment for the calendar day effect, after a 1.8% fall in February. The growth in industrial output in March, with the calendar day adjustment, accelerated to 2.7% after a 1.8% decline in February, the Ukrainian State Statistics Service said on…

Ukraine: gross national income up in 2018

The gross national income of Ukraine in 2018 increased by 19.3% YoY, the State Statistics Service of Ukraine has reported. According to updated data of the State Statistics Service, Ukraine’s gross national income last year amounted to UAH 3.64 trillion. According to the State Statistics Service, the gross national income in 2017 amounted to UAH…