Ukrainian Prime Minister Volodymyr Groysman says Ukraine needs about 10 years to become a self-sufficient economy. “We will need some time to become self-sufficient from the economic point of view. I can cope with this task within 10 years. This means that our economy will undergo positive changes every year,” the prime minister said at…
According to Statistics Estonia, in the second quarter of 2018 the total profit of the business sector was EUR 726 million, down by 12% YoY. Compared to the second quarter of 2017 the total profit decreased in most economic activities. Trade, agriculture, forestry and fishing, and information and communication enterprises contributed the most to the…
Since the start of the year individuals have paid UAH 97.2 million of luxury car taxes, up by UAH 55.2 million YoY, the press service of the State Fiscal Service reports. “In January-July owners of luxury cars paid UAH 97.2 million of vehicle tax to local budgets. Compared to the corresponding period of the last…
“Kazakhstan’s GDP per capita will have reached $46,000 by 2025,” National Economy Minister of Kazakhstan Timur Suleimenov said. “As you know, early the Head of State signed the country’s development strategic plan until 2025. It is purposed to achieve sustainable economic growth leading to raising living standards by 2025 comparable to that in the OECD…
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…