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.…
In January-March the average wage of Ukrainians working in the mining and quarrying sector totaled UAH 8,533, up by 24.7% from the average wage of those employed in the industrial sector. This is the data released by the State Statistics Service of Ukraine. In particular, in January-March the average wage of Ukrainians working in the…
In January-April Belarus’ gold and foreign currency reserves went up by 3.7%, if calculated in accordance with methods of the International Monetary Fund, to $5.1 billion, the Information and PR Department of the National Bank of the Republic of Belarus reported. According to the preliminary data, as of May the country’s gold and foreign currency…
Latvian government approved the new state budget priorities funding process, the Finance Ministry reported. During the meeting of the Cabinet of Ministers on May 3, members of the government reviewed a draft that provided for a new order for financing processes of budget priorities of different ministries starting with the preparation process of the 2018…