Internet stores continue becoming more and more popular among residents. The number of transactions using Visa payment cards issued by PrivatBank has grown by 6.1% YoY in the first six months of 2017, according to data compiled by PrivatBank. January and March were the hottest months for Internet shopping in this year’s six-month period. The…
Ukraine’s Minister of Economic Development and Trade Stepan Kubiv says the draft national budget for 2018 has already been endorsed by all ministries and is to be submitted to the Verkhovna Rada for consideration within the timeframe established by law, i.e. before September 15. “As of now, the revenue and expenditure parts of the budget…
Azerbaijan’s external debt stood at $7,172.6 million (12,208.5 million manats) as of July 1, which accounts for 18.9% of the country’s GDP, said Azerbaijani Ministry of Finance. The statistics on borrowings include direct liabilities of the Azerbaijani government and contingent liabilities for loans attracted under state guarantee. Azerbaijan’s external debt consists mainly of funds raised…
Pressure on the increase of costs in the next several years will be enormous, and there are worries about the government’s ability to withstand that, said Fiscal Discipline Council’s member Andzs Ubelis. According to him, the government’s recently approved outlook on economic growth this year of 3.7% is realistic and satisfactory. Latvia’s economy is expected…
Poor households will gain very little from the recently approved tax reform. There is a large number of unemployed people, which will not the change with PIT, according to results of a study performed by Stockholm School of Economics in Riga and economic policy research center Biceps. At the same time, the reform does not…
The total proportion of grey economy in Latvia’s fishing industry may be around 40%, says fish processing company Brivais vilnis chairman Arnolds Babris. “I think its presence in the fishing industry is roughly the same as it is in the country – around 40%,” said Babris. He admits there are companies in the industry, which…
Overall, Latvian consumers are satisfied with the purchases they make on Internet stores. 65.3% of respondents believe Internet stores are safe and reliable. 44.7% of respondents say they have never had any problems when shopping on the Internet, according to results of a survey performed by Gudriem.lv. People who have had problems often mention two…