On November 11, Latvian Saeima’s Budget and Finance Committee supported for the final reading amendments to the Law on Social Security that provided for defining minimal income thresholds, their lowest volumes and the frequency of their review. The legislative draft has been included in the state budget legislative package. The legislative draft currently states that…
The finance committee of the Estonian parliament at a sitting on November 10 voted on the amendments submitted to next year’s state budget and agreed to send the draft to the second reading at a plenary sitting on November 18. Finance committee chairman Aivar Kokk said the 44 proposed amendments were discussed and a consolidated…
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…