Turkmenistan and neighboring countries of the region, which have large stocks of hydrocarbon, advocate for the diversification of the energy flows. The Parliament of Turkmenistan adopted new draft regulations on “Ratification of an agreement on strategic cooperation between Turkmenistan and the Republic of Uzbekistan” and “Ratification of an agreement on strategic cooperation between Turkmenistan and…
State institutions have to perform specific functions to secure payment of taxes in the interest of all residents. Without a doubt, every person working in state administration should promote awareness of residents on the importance of paying taxes. However, according to international practices, there are other creative tools to motivate people to participate voluntarily, explains…
A total of EUR 80 million will be available in Latvia’s budget for 2018, as confirmed by Finance Minister Dana Reizniece-Ozola after the government’s extraordinary meeting. On August 29, the Cabinet of Ministers discussed requests of different ministries for priorities. Previously, the total value of priorities submitted by ministries was estimated at EUR 600 million.…
In July Kyrgyzstan’s gross international reserves increased by $32.65 million, according to the National Bank. As of the end of July, reserves amounted to $2 billion 61.7 million. This is the highest rate since October 2016. It should be noted that the National Bank spends international reserves on smoothing the sharp fluctuations of the national…
In Q2 the average gross wages and salaries for full-time work constituted 927 euros. Compared to Q2 2016, the average wages and salaries increased by 74 euros or by 8.7%. Compared to the previous quarter, in Q2 2016 the increase in the gross wages and salaries comprised 4.8% (42.7 euros). Compared to Q2 2016, in…
Turkmenistan’s parliament has adopted the law “On cotton-growing”, the Turkmen government said in a message. The draft law defines the legal, economic, organizational basis of cotton-growing in Turkmenistan and regulates relations related to the turnover of raw cotton and cotton products. The adoption of this law will give a new impetus to the development of…
Internet stores continue becoming more and more popular among residents. The number of transactions using Visa payment cards issued by PrivatBank has grown by 6.1% YoY in the first six months of 2017, according to data compiled by PrivatBank. January and March were the hottest months for Internet shopping in this year’s six-month period. The…