Azerbaijan and the UN Conference on Trade and Development (UNCTAD), key body of the UN General Assembly on trade and development issues, have inked an action plan for the procurement and implementation of the Debt Management and Financial Analysis System (DMFAS) program. The action plan was signed by Samir Sharifov, Azerbaijan’s Finance Minister, and Mukhisa…
According to conservative estimates, the gambling revenues in Ukraine may reach UAH 5-9 billion. “According to our conservative estimates, gambling revenues of UAH 5-9 billion are a resource that can be fully mobilized if everything works out,” Finance Minister of Ukraine Oksana Markarova said. Under the gategory of gambling, normally includes online gambling that greatly…
The average monthly salary in Azerbaijan is expected to have increased to 850 manats ($500) by 2024. According to forecasts, the average monthly salary will have amounted to 620.4 manats ($365) by late 2019, 716.7 manats ($421.71) in 2020, 768.6 manats ($452.25) in 2021, 809.2 manats ($476.14) in 2022, and 849.9 manats ($500) in 2023,…
Around one-third of industrial enterprises will find themselves in a vulnerable position due to continued growth in labor costs within the coming three years, Raul Kirsimae, head of the industrial companies unit at Swedbank Estonia, said. Swedbank has analyzed the financial data of some 150 industrial companies operating in Estonia to determine the effect of…
Tallinn has reached a critical point with the amount of summer tourists and the introduction of a tourist tax should be seriously considered to support the Old Town’s infrastructure, Deputy Mayor Aivar Riisalu announced on October 23. Riisalu said about 650,000 cruise tourists visited Tallinn this summer, up by 30,000 YoY. This year there were…
The Seimas of Lithuania has rejected a proposed new tax on polluting cars with a majority of several votes and returned the bill to the Ministry of Environment for improvement. Thirty lawmakers voted in favor of accepting the bill for consideration, 36 were against and 34 abstained. The parliament then voted to return the bill…
Deputy Governor of the National Bank of Ukraine (NBU) Dmytro Sologub says the country’s public debt at the end of 2019 will be below 55% of GDP due to the strengthening of Ukraine’s national currency, the hryvnia, while earlier this ratio exceeded 80%. Sologub added a strong hryvnia partially reduced budget revenue, according to the…