Compared to March 2020, total retail trade turnover increased by 3.2% in March 2021. Turnover of retail trade in food products grew by 2.1%. Retail trade in non-food products (except for retail sale of automotive fuel) increased by 3.6%, but turnover of retail sale of automotive fuel – by 4.9%, according to adjusted data from…
Minister of Public Administration Jaak Aab (Center) confirmed that the government had reached a compromise on the state budget strategy discussions and the strategy would be approved on April 29. “We have agreed in principle. It is not like anyone is jumping for joy for this strategy. There are problems and we have had to…
President Shavkat Mirziyoyev on April 27 inked a decree aimed at improving the infrastructure of free economic zones (FEZ) and small industrial zones (SIZ). For this purpose, the government is set to allocate $152 million. Some $55 million is to be allocated for the construction of electricity, gas and water supply networks, sewerage and roads…
Since December 2020 Latvian State Revenue Service (VID) has paid EUR 115,602,164 in downtime benefits and wage subsidies, as reported by VID representatives. The amount paid in downtime benefits and wage subsidies has increased by EUR 1,695,166 over the course of the past several days. 43,319 companies have been paid downtime benefits worth EUR 77,093,695…
The State Tax Committee has introduced changes in the invoice processing system. Since April 23, taxpayers are able to draw up additional or corrected invoices upon receiving a basis for adjusting the tax base. The downward adjustment of the tax base is made by issuing additional invoices with negative indicators, which correct the information in…
The government reached an agreement on a four-year state budget strategy with Minister of Finance Keit Pentus-Rosimannus (Reform) saying there were cuts to be made on fixed costs. The new budget strategy will work towards balancing the budget and cuts will be made in every area of government. Each sector will propose where savings can…
The National Bank of Ukraine (NBU) projects that the unemployment rate in Ukraine in 2021 will fall to 9.1% on average and to 8.5% in 2022, according to a quarterly inflation report of the National Bank of Ukraine (NBU) for April. “According to the National Bank, the unemployment rate will decrease and total 9.1% on…