National Economy Minister focused on the country’s key economic trends. “In 2019, the GDP grew by 4.5% and inflation by 5.4%, household income increased in real terms by 6.5%. Inflation stood at 4.8%. Investments into agriculture rose by 8.5%, unemployment settled at 4.8%. Export hit $58 billion,” the minister said. According to him, the country’s…
Sales of cash foreign currency by Ukrainians through the banking system, which were estimated at $908.8 million, exceeded the purchases by $48.6 million in May. Sales of foreign currency have been exceeding the purchases for the sixth consecutive month, according to the website of the National Bank of Ukraine (NBU). Ukrainian citizens in January-May sold…
Trade between Ukraine and Germany grew by 3.1% YoY in 2019, to $9.3 billion, Minister of Economic Development, Trade and Agriculture of Ukraine Ihor Petrashko said at a meeting with German Ambassador to Ukraine Anka Feldhusen, the press service of the Ministry of Economic Development, Trade and Agriculture reported. “Germany is our reliable partner, which…
Ukraine will stop levying 1.5% war tax on coupon and investment incomes on government domestic loan bonds due to changes in legislation. The relevant changes are stipulated in Law No. 466-IX “On amendments to the Tax Code regarding the improvement of tax administration, the elimination of technical and logical inconsistencies in tax legislation”, adopted by…
Consumers bought fewer domestic products during the crisis and paid more attention to prices, the results of a new survey by pollster Kantar Emor showed. The head of the Estonian Food Industry Association Sirje Potisepp said that people had started to save money and this showed in their choice of cheaper food products. Describing customers…
Continuing to improve state support activities for residents, Latvia’s government approved amendments during a meeting on June 2, that provided for paying idleness assistance benefits to three groups of self-employed persons, as reported by Welfare Ministry. Amendments provide eligibility to receive idleness assistance benefits for certain self-employed persons. This benefit will be available to self-employed…
The Lithuanian government’s revenue is stabilizing after taking a hit from the coronavirus crisis, the finance minister said, even though it fell by 30% below target in May. “The situation is starting to stabilize here. By comparison, revenue collection in April was more than 32% lower than projected,” Vilius Sapoka reported. In May, the central…