As of June 1, losses of budget of Kyrgyzstan amounted to 14.1 billion soms, the Deputy Prime Minister of the country, Erkin Asrandiev, announced. According to him, the state budget did not receive 6.4 billion soms in taxes, including the republican budget did not receive 5.5 billion soms. Shortfall in customs duties and fees is…
Prime Minister Denys Shmyhal expects Ukraine’s economy to grow from the beginning of the third quarter and sees no reason for collapse in the fall. “We have macroeconomic projections for the development of Ukraine’s economy from the Economic Development Ministry which are based on the work of think tanks, research institutions. We also have macroeconomic…
Finance Minister Serhiy Marchenko says Ukraine has suspended its large-scale privatization campaign in the wake of the coronavirus (COVID-19) quarantine. “Funds from privatization are practically not earmarked in the national budget. By changing the budget, we have reduced the amount of revenue from privatization as much as possible, sending a signal to all investors that…
The latest outlook of the Organisation for Economic Co-operation and Development (OECD), published on June 10, predicts an 8.1% GDP decline for Latvia. At the same time, according to OECD’s latest estimates, next year Latvia’s economy will increase by 6.3%. In previous outlooks, published in November 2019, OECD estimated Latvia’s GDP might grow by 2.3%…
“Kazakhstan will set up an interdepartmental consumer protection board,” Trade and Integration Minister Bakhyt Sultanov said presenting draft law On amendments to some legislative acts of Kazakhstan on consumer protection” at a plenary session of the Kazakh Senate on June 11. One of the tools is the suggested integrated information system to accept complaints via…
Economy Ministry has proposed that the government cover accommodation costs of every third night that foreign tourists spend in the country. The measure would be “unique in Europe”, said the acting economy minister, Zygimantas Vaiciunas. “The new measure we are creating, which would in fact be rather unique in Europe, aims at promoting inbound tourism,”…
Capital investment in Ukraine in January-March fell by 35.5% after growing by 21.2% in the fourth quarter of last year, the State Statistics Service reported. In the first quarter of this year, UAH 76.914 billion of capital investment was disbursed (excluding the temporarily occupied Crimea, Sevastopol and the territories of Luhansk and Donetsk regions). Among…