The value added tax will remain 21% in Lithuania after the country’s parliament on May 9 rejected the liberals’ initiative to cut it to 18% from 2020, a level that was before the 2009 crisis. 22 lawmakers voted in favor of the parliament starting deliberation of the proposed amendments to the Law on Value Added…
In April, the gross international reserves of Kyrgyzstan decreased by $17.06 million, the National Bank reported. Gross international reserves of the republic amount to $2,180.09 billion. Compared with April 2018, they reduced by $12,890 million. Over the past two years, the highest level of the reserves was recorded in January 2018 – $2,220.44 billion. The…
According to information released by Statistics Estonia, the export of goods increased by 8% and imports by 5% YoY in March. This trade growth is attributable to increased exports and imports alike with other EU countries. This March, exports from Estonia amounted to EUR 1.2 billion and imports to EUR 1.4 billion at current prices.…
Compared to March, consumer prices in April possibly grew by 0.6-0.8%, which means annual inflation in Latvia has reached approximately 3.2-3.4%, bank analysts predict. Swedbank’s acting chief economist in Latvia Agnese Buceniece notes that in April, when compared to March, consumer prices increased by 0.6%, whereas annual inflation was approximately 3.2% when compared to April…
The Finance Ministry will submit the Budget Declaration for 2020-2022 to the Cabinet of Ministers for approval this week, Finance Minister Oksana Markarova stated during a business forum of the European Bank for Reconstruction and Development (EBRD), the ministry’s press service wrote on its Facebook page. “The Finance Ministry will continue to work on active…
In January-April, local budgets received UAH 81.3 billion, up by 22.6% YoY or by almost UAH 15 billion, Ukraine’s State Fiscal Service (SFS) reports. “In January-April, according to operational data, the local budgets of Ukraine received UAH 81.3 billion of payments controlled by the SFS. This is 22.6% or almost UAH 15 billion more than…
Ukraine’s Central Bank forecasts that the country’s GDP growth will slow down to 2.5% in 2019, only to speed up again starting next year: to 2.9% and 3.7% in 2020 and 2021, respectively. “The causes of the 2019 economic slowdown include weaker growth in the world economy and global trade, a restrained fiscal policy due…