Incomes of local budgets have grown almost 4-foldover the past two years, Prime Minister of Ukraine Volodymyr Groysman said during a meeting with representatives of regional media. “When we started to work, the local budgets amounted to UAH 64 billion and did not have own revenues. Now they amount to UAH 231 billion, which is…
The Ministry of Finance and Economy of Turkmenistan and the Ministry of Economy, Commerce and Business Environment of Romania have signed a memorandum of understanding on cooperation in the economic sphere. The document was signed in Ashgabat as part of the seventh meeting of the joint Intergovernmental Turkmen-Romanian Commission for Economic, Scientific and Technological Cooperation.…
Prime Minister of Kazakhstan Bakytzhan Sagintayev praised national GDP growth in 2018 at the session of the government on April 17. “From what we have heard during reports today it follows that GDP growth amounted to 4.1% in March. The Head of State Nursultan Nazarbayev tasked the government to step up economic growth and given…
The World Bank predicts that inflation in Ukraine in 2018 may reach 10%, as inflation risks remain quite significant, World Bank Economist for Ukraine Anastasia Golovach said at a press conference. “Inflation reached almost 14% in 2017. Inflation risks remain significant, and we expect inflation to reach 10% in 2018,” Golovach said. According to her,…
Ukraine is resolutely carrying out reforms so that to significantly improve the investment climate, President Petro Poroshenko stated in an interview with the German business newspaper Handelsblatt, the president’s press service reports. “We are resolutely implementing reforms to improve the investment climate significantly. The evaluation of the World Bank can be more trustworthy than the…
Belarus’ gold and foreign exchange reserves totaled $6.99 billion as of April 1, the Information and PR Department of the National Bank of the Republic of Belarus (NBRB) reported. According to the preliminary data, Belarus’ gold and foreign exchange reserves totaled $6.994 billion (in equivalent) as of April 1. In March the country’s gold and…
Ukrainian President Petro Poroshenko says local budgets within the decentralization reform accounted for more than 50% of the country’s consolidated budget. “For the first time in the history of Ukraine, if we take transfers to local budgets, more than 50% of the consolidated budget is local budgets,” he said at a meeting on decentralization in…