Azerbaijan may introduce a unified tax on salary, Taxes Minister Mikayil Jabbarov said. This issue is being discussed as part of amendments to Azerbaijan’s Tax Code, he added. “This issue is very important for all taxpayers,” Jabbarov said. “This step is aimed at reducing the tax burden and facilitating the taxation of salaries. The unified…
Ukraine’s economy will manage to reach its pre-crisis level in 2021 if the GDP grows by 3-4% annually, First Vice Prime Minister – Economic Development and Trade Minister of Ukraine Stepan Kubiv said at the meeting of the National Investment Council. “The forecast for Ukrainian economy growth for 2018-2019 remains positive. According to the government’s…
The Board of the National Bank of Ukraine has decided to keep its key policy rate at 17%. Headline inflation decelerated to 13.1% YoY last month, according to the NBU’s press release. “This was a minor deviation from the NBU’s latest forecast, caused by the most volatile components and likely to vanish in the coming…
Estonia’s Ministry of Justice has introduced a bill to amend the Commercial Code to resolve an issue that has in practice inhibited foreign investors from investing in Estonian private limited companies. Currently, e-residents have either founded or are shareholders in approximately 5,600 businesses registered in Estonia. So few e-residents have registered new businesses thus far…
A proposal to increase the minimum wage by 20 euros, to 420 euros next year has reached Lithuania’s Tripartite Council, which is set to make the decision later. The proposal was submitted by Gediminas Simkus, head of the Bank of Lithuania’s Economics and Financial Stability Service. Arturas Cerniauskas, chairman of the Council, representing employees, said…
The economy of Ukraine grew by 3.1% in the first quarter, so further growth of 5% or more is realistic, Prime Minister of Ukraine Volodymyr Groysman wrote on Twitter following the field meeting of the Social Policy Ministry board in Kharkiv. “Continuous trend means an increase in the goods and services produced worth UAH 471…
Atlantic Council analyst Anders Aslund has welcomed data on economic growth in Ukraine published by the State Statistics Service of Ukraine on May 15, according to the Ukrainian service of the Voice of America. “Ukraine: finally some good economic news. Gross domestic product rose a preliminary 3.1% YoY in Q1 after growing only 2.2% in…