Compared to October, the level of producer prices in Latvian industry dropped by 0.1% in November. The level of prices of products sold on the domestic market dropped by 0.5%, however prices of exported products increased by 0.3%. The level of prices both of products exported to euro area countries and of products exported to…
On December 20 the National Bank of Ukraine (NBU) put into circulation new UAH 50 banknotes, as well as UAH 5 coins that would gradually replace the relevant paper banknotes, the press service of the central bank wrote on its official Facebook page. “First of all, the National Bank intends to put into circulation 5…
Since the beginning of 2019 the budget of Zaporizhzhia city has received over UAH 2 million in revenues from tourist tax, the Tourist Information Center of the city has reported. “Over the eleven months of 2019 we have UAH 2.330 million in revenues from tourist tax,” reads the report. The tourist center noted that this…
Ukrainian Prime Minister Oleksiy Honcharuk says his government’s goal is to drastically reduce the share of the shadow economy in the near-term outlook. “The share of the shadow economy for me personally is a measure of the effectiveness of our work,” he said. “Now, according to various estimates, it makes almost half of the entire…
A recent Organisation for Economic Co-operation and Development (OECD) survey found Estonia’s economy continued to perform well, however, there were problems arising from income inequality, the private sector’s lack of technical adaptability, and the low productivity and carbon intensity of the energy sector. The report pointed out positively Estonia’s expertise in IT and digitized government…
The Ukrainian government and the National Bank of Ukraine jointly face foreign currency debt payments in excess of $24 billion in 2020-2022, including interest. The NBU report on financial stability says most of this amount will need to be refinanced in foreign markets, therefore cooperation with the International Monetary Fund and other international financial organizations…
Ukraine’s tax expert Andriy Hmyrin says all experts, assessing the volumes of smuggling at customs, agree that the national budget has at least $10 billion (about UAH 250-UAH 300 billion) in annual losses. “When calculating the volume of smuggling, various experts come up with different figures. But they all agree that it is at least…