The Finance Ministry aims to reduce the national debt to 50.5% of GDP by the end of 2019, and to 41.4% of GDP within the next three years, according to Finance Minister Oksana Markarova. “In the updated medium term state debt management strategy for three years, which Finance Ministry presented at the previous meeting of…
Investments from 32 countries were attracted in the economy of Volyn region in 2018, the press service of the Volyn Regional State Administration reported. “32 countries invested in the economy of Volyn region in 2018. The main ones were Poland, Austria, Germany, Sweden, Slovakia and Cyprus, with direct investments totaling 92.1% of the overall amount,”…
According to the information released by Statistics Estonia on April 9, Estonian exports of goods increased by 4% and imports by 5% YoY in February, with exports being boosted by wood, articles of wood and prefabricated wood buildings. In February, exports from Estonia amounted to EUR 1.16 billion and imports to EUR 1.26 billion at…
Ukraine’s State Fiscal Service (SFS) reimbursed UAH 45.4 billion worth of value added tax (VAT) in January-March, the SFS press service reported. “Compared to the relevant period of last year, the amount of compensation grew by 34.8%, or by UAH 11.7 billion. UAH 38 billion worth of VAT was returned to taxpayers in January-March 2018,”…
Ukraine-Turkey trade turnover increased by 28% YoY in January-February. Last year, Turkey was 6th largest importer of Ukrainian agri-food products. “In 2018, the trade turnover between the countries decreased by 3.9% YoY. However, in the first two months of this year, it totaled $356.6 million and grew by 28% due to an increase in exports…
Deputy Chairman of the State Fiscal Service (SFS) of Ukraine Yevhen Bambizov says the agency, due to the lack of effective mechanisms to influence debtors to recover tax debt that exceeds UAH 107 billion ($4 billion), insists on expanding its powers. “Tax debt accounts for 10% of the state budget revenue for the current year.…
In January-March, UAH 59.9 billion were transferred to local budgets, up by 17.6% YoY, according to the State Fiscal Service. The State Fiscal Service also noted that UAH 19.5 billion were transferred to local budgets in March, up by 8% or by UAH 1.5 billion YoY. Also, in January-March, tax and personal income tax contributions…