The International Monetary Fund (IMF) has revised downwards expectations for growth of the ratio between total external debt to GDP in Ukraine in 2017. The fund said that the indictor would grow to 127.4% of GDP from 123.8% of GDP in 2016 (earlier it was projected to 136.3%) and it would decline to 126.3% of…
Tajik President Emomali Rahmon met the visiting Head of Russia’s Republic of Daghestan Ramazan Abdulatipov. Rahmon highly appraised the role of Ramazan Abdulatipov, who served as Russian Ambassador to Tajikistan from May 23, 2005 to March 6, 2009, in expansion of bilateral cooperation between Tajikistan and the Russian Federation. According to the Tajik president’s official…
Latvia’s grey economy proportion was 20.3% of GDP last year. It is 1% higher in comparison with 2015, according to results of the data from the Grey Economy in Baltic States 2009-2016 study. The most common signs of grey economy in Latvia are undeclared income (42.1%), envelope wages (40.2%) and unregistered employees (17.7%). In Lithuania,…
The European Bank for Reconstruction and Development (EBRD) has forecast a 2% growth of Azerbaijan’s economy in 2018, according to the EBRD’s updated Regional Economic Prospects report. The bank forecasts Azerbaijan’s economy to contract by 0.5% in 2017, according to the report. After a brief period of volatility in the beginning of 2017, the Azerbaijani…
The tax reform provides for a major increase of labor costs for small employers. In accordance with Finance Ministry’s offer, these companies will have to find more than EUR 13 million to, at the very least, maintain their business activities, Latvian Traders Association comments on the situation. Authors of the tax reform, on the other…
As of May 1, Ukraine’s international reserves amounted to $17.175 million, according to preliminary data. Compared to March, they increased by $2.052 million, or by 13.57% mainly due to receipts from the International Monetary Fund and other donors of Ukraine. This was reported by the press service of the National Bank of Ukraine. “The dynamics…
Tax revenues of the Azerbaijani state budget reached almost 2.3 billion manats in January-April, exceeding the forecast by 6.3%, said the country’s Ministry of Taxes on May 5. Revenues through the Ministry of Taxes are forecast in the amount of 7.51 billion manats in Azerbaijan in 2017, or 46.2% of total volume of budget revenues.…