The poverty rate in Ukraine decreased to 12% in 2017, according to the results of the study conducted by the Kyiv International Institute of Sociology. “And this is one of the few but important achievements of Ukraine over the years. In 2008, after the beginning of the world crisis, the poverty rate increased to 21%,…
According to the preliminary data, Belarus’ gold and foreign currency reserves totaled $7,315 million as of January 1, if calculated in accordance with methods of the International Monetary Fund, the Information and PR Department of the National Bank of the Republic of Belarus reported. In December 2017, the country’s gold and foreign currency reserves went…
Latvia’s economic growth in 2017 was significantly more rapid than in previous years. GDP growth in the first three quarters of 2017 was 4.7% higher than in the same period of the previous year. Economy Ministry predicts GDP growth could reach at least 4.5% for 2017. The ministry notes – compared with the previous four…
The average and maximum rates on incomes of individuals have been reduced in Uzbekistan since January 1, while the amount of contribution to individual accumulative pension accounts has been increased, and property tax will be calculated based on the cadastral value of real estate. This is stated in the presidential decree, which approved the main…
Starting from January 1, the minimal wage in Latvia will be EUR 430, which is EUR 50 higher than it was the year before. This is provided by amendments approved by the Cabinet of Ministers in regards to minimum monthly wage amount for standard work time and calculation of the minimal hourly rate. Previously, Welfare…
In the next three years Latvia’s economy will grow by more than 3% every year, predicts Latvian Finance Minister Dana Reizniece-Ozola. “In 2018, the state budget will focus on improving healthcare. The Saeima has approved of a law that puts healthcare at the top of budget priorities. Other important fields include the country’s internal and…
Ukrainian exports grew by 20% in 2017, Prime Minister Vladimir Groysman said. “In 2017, total exports grew by almost 20%, they were $35 billion in the nine months. This amount was paid to Ukraine for products created by Ukrainian hands,” he said while opening a Cabinet meeting. In his words, the European Union accounted for…