In 2019, budget expenditures surged by 19.3% and made 13.5 trillion tenge. Budget spending comprised 11.3 trillion tenge, down by 9.1%. The biggest amount was spent on social assistance and social provision: 3.5 trillion tenge or 25.6% of the total sum of expenses. 2.3 trillion tenge and 1.3 trillion tenge were spent on education and…
Finance Ministry increased the state budget deficit in 2019 to UAH 81 billion ($3.3 billion), whereas earlier this figure was UAH 78.05 billion ($3.1 billion). “The Law of Ukraine “On the State Budget of Ukraine for 2019″ defines the annual limit of the state budget deficit in the amount of UAH 91.1 billion ($3.7 billion).…
First Deputy Minister of Economic Development, Trade and Agriculture Pavlo Kukhta says the ministry plans to raise about $5 billion for the national budget from the sale of state-owned enterprises. “Now we are selecting the last group of enterprises subject to privatization via the State Property Fund, that is more than 300 companies. Following that,…
The coronavirus Covid-19 may force corrections to Latvia’s economic growth outlook, according to European Commission’s (EC) representatives in Latvia. EC’s report on Latvia published on February 26 mentions that the country’s GDP growth may be 2.3% in 2020 and 2.4% in 2021. Compared to the outlook for Latvia’s GDP growth in 2020 reported by EC…
Ukraine and Armenia are stepping up dialogue to strengthen cooperation in various fields. Minister of Social Policy of Ukraine Yulia Sokolovska discussed this issue with Ambassador Extraordinary and Plenipotentiary of the Republic of Armenia to Ukraine Tigran Seyranyan, the Ministry of Social Policy reported. “The parties agreed that Kyiv and Yerevan should strengthen cooperation in…
The National Bank of Ukraine (NBU) on February 25 put into circulation the 200-hryvnia banknotes designed in 2019. The design of the new banknotes has not changed much and is almost identical to that of 200-hryvnia banknotes issued in 2007, according to the regulator’s website. In particular, the portrait of Lesya Ukrainka, one of Ukraine’s…
Online commerce in Estonia has grown by over 50% since 2017, according to SEB Bank, with the market share of online merchants increasing to 11% over the same period. Much of the growth comes from relatively recent types of e-commerce, such as ride-sharing and food delivery services, with large, international e-stores seeing the largest increases.…