President Dalia Grybauskaite has signed the laws overhauling the country’s tax system, adopted by the Seimas. For the laws to come into effect early next year they must be published six months earlier. The laws are related to the personal income tax, state social insurance, health insurance, tax administration, the profit tax, public procurement, VAT…
The international reserves of Ukraine declined by 1.1% YoY in June, to $17.978 billion, the press service of the National Bank of Ukraine reported. “The international reserves of Ukraine as of July 1 amounted to $17,978.2 million (in equivalent), according to preliminary data. They decreased by 1.1% over June, mainly due to payments on public…
Belarus’ gold and foreign exchange reserves totaled $6.83 billion as of July 1, the Information and PR Department of the National Bank of the Republic of Belarus (NBRB) reported. According to the preliminary data, Belarus’ international reserve assets made up $6.831 billion as of July 1. In June gold and foreign exchange reserves decreased by…
According to the information released by Statistics Estonia, the consumer price index (CPI) in June was up by 0.9% MoM and by 4% YoY. Compared to June 2017 goods were 4.1% and services 3.9% more expensive last month. Regulated prices of goods and services rose by 11.2% and non-regulated prices by 2.1% YoY. Compared to…
Experts say the ongoing labor migration Ukraine is seeing now may impede the country’s economic recovery, which was observed in the first half of 2018. “The only positive example in the Ukrainian realities is what the IT sector has done. Firstly, the introduction of taxation at 5% of the amount of income means the development…
Revenues of local budgets in January-June grew by 23.8% YoY, or by UAH 20.741 billion, to UAH 107.704 billion. Over the said period, the government has carried out interbudgetary transfers to local budgets worth UAH 169.808 billion, which is 95.3% of the allotted appropriations, as reported on the website of the Ministry of Finance of…
The state budget of Ukraine in January-June received UAH 449.056 billion ($17.07 billion) in revenue, down by UAH 14.128 billion ($536 million), or by 3.1% from the target for the said period. Compared with the same period in 2017, the state budget revenues in the first half of 2018 increased by UAH 54.150 billion ($2.06…