Prime Minister Denys Shmyhal says the deficit of Ukraine’s national budget is one of the lowest indicators in Europe. “When today we take European countries and see what deficits in developed economies, in neighboring countries are, then Ukraine has one of the lowest budget deficits. This year, 7.5% is one of the lowest indicators in…
In September, the foreign trade turnover of Latvia amounted to EUR 2.7 billion, which at current prices was 7.7% larger than a year ago, of which the exports value of goods was 13% higher, but imports value of goods – 3.5% higher. Latvia exported goods in the amount of EUR 1.28 billion, but imported –…
Almost all sectors of the real economy and certain services showed a growing trend in Kazakhstan in January-October. While addressing the November 10 government session, Kazakh Economy Minister Ruslan Dalenov listed the real economic sectors and certain services that saw growth, including construction – a 10.7% rise, information and communications – an 8.2% growth, agriculture…
On November 9, Saeima’s Budget and Finance Committee rejected the proposals submitted by the opposition politicians on reduction of VAT not just in general, but for multiple industries affected by COVID-19 crisis. The proposals in question were submitted for amendments to the Value Added Tax Law, already included in the state budget legislative draft for…
Exports of goods increased by 11$%, while imports fell by 4% YoY in September, the state agency Statistics Estonia reported. The third quarter saw a 1% fall in exports and a 5% fall in imports. In September, both exports and imports of goods amounted to EUR 1.3 billion at current prices, Statistics Estonia said, and…
Minister of Finance Serhiy Marchenko says he sees no risks of a significant hryvnia devaluation until the end of the year. “For the Ministry of Finance, the hryvnia to the U.S. dollar rate is an exclusively technical indicator that is used to calculate budget figures,” Marchenko said. “I have no fears about the hryvnia exchange…
Because of COVID-19 it has been decided to extend tax payments for companies in Latvia. The total amount of taxes under this change reaches EUR 145.49 million, according to data compiled by the State Revenue Service (VID). In nine months of 2020, 8,956 taxpayers were provided with 27,240 tax payment term extensions. Generally tax payment…