Ukraine is moving steadily towards European and Euro-Atlantic integration, but the economic development is also a key task. “We can move forward only when we have economic successes. Yes, we have created the army. Yes, we have reached the international solidarity around Ukraine. Yes, I firmly advance Ukraine towards European and Euro-Atlantic integration. However, the…
CEO of Estonian ferry company Tallink Grupp Paavo Nogene has voiced his opposition to the “tourism tax” proposed by Tallinn City Council chief Mihhail Kolvart, on the grounds that it would cause too many difficulties in the sector. Kolvart announced his support for a small tourism tax, which could potentially bring in millions of euros,…
Ukraine’s large- and medium-sized enterprises saw pre-tax profit grow by 1.9% YoY in the first half of 2018, to UAH 189.781 billion ($6.8 billion); their pre-tax profit in the first half of 2017 was UAH 186.259 billion ($6.69 billion). Profitable enterprises’ results grew by 7.3%, to UAH 289.737 billion ($10.4 billion), while unprofitable ones posted…
One third of Estonian residents rate their economic situation as good or very good, and as many as 90% consider it to be at least satisfactory, according to the results of a recent survey conducted by Kantar Emor. Of Southern Estonian residents, however, one in five, including 16% of pensioners, consider their economic situation to…
In the first quarter of 2018 the level of shadow economy in Ukraine amounted to 33% of GDP, falling by 4% compared to the first quarter of last year. The de-shadowing of the economy became possible due to the preservation of macroeconomic stability and positive economic trends under the implementation of policies aimed at expanding…
It is not always possible to manage the economy using old methods. Prime Minister of Belarus Sergei Rumas made the statement as he introduced Economy Minister Dmitry Krutoi to the Economy Ministry personnel. Sergei Rumas told Dmitry Krutoi: “I look forward to new ideas from you and your team because all of us understand that…
Azerbaijan’s GDP volume reached almost 43.48 billion manats in January-July, up by 0.2% YoY, according to a report of the State Statistics Committee. The volume of GDP per capita stood at 4,436.3 manats. In January-July the volume of GDP produced in the non-oil sector of Azerbaijan increased by 0.9%, while in the oil and gas…