The European Investment Bank (EIB) will allocate EUR 450 million to Georgia through three loan agreements, the EIB and Georgian Prime Minister’s Office said. EUR 250 million will be allocated to finance new construction and upgrading of priority roads, EUR 100 million for the rehabilitation and upgrading of municipal infrastructure and a EUR 100 million…
The government, entrepreneurs and social partners continue sharp discussions of the future of micro-enterprises and the tax regime to be applied to them in the foreseeable future. One proposal suggests canceling the payment of mandatory minimal social fees and increasing micro-enterprise tax rate from 9% to 15%.This proposal was reviewed week by members of the…
DCH Group of the Kharkiv businessman Oleksandr Yaroslavsky has detailed its plans to create a consortium for the purchase of the Odessa Port-Side Plant. “We intend to involve Rothschild & Co Bank as an advisor for establishing an international consortium to acquire Odessa Port-Side Plant. At the moment, we are discussing its role as an…
In January Belarus’ consumer prices grew by 1.9%, in February – by 2.9%, in March – by 0.8%, in April – by 0.7%, in May – by 0.5%, in June – by 0.4%, in July – by 0.4%, while August saw a 0.1% deflation. In September consumer prices resumed growth at 0.7%, and at 0.8%…
The overall turnover of commodities and services in foreign trade shrank by 10.5% YoY in January-October to $48.73 billion. Exports of commodities and services reduced by 11.4% YoY to $24.48 billion, and imports decreased by 9.5% to $24.24 billion. According to the NBB, the deficit of foreign trade in goods totaled $1.756 billion compared to…
The parliament has approved of the state social insurance budget in the first reading with the revenue and expenditures amounting to MDL 16,410,670,200. The revenue of the state social insurance budget will increase by MDL 1,464,985,900 or by 9.8% against the revenue approved for 2016; the expenditures will grow by MDL 1,434,575,400 or by 9.6%…
The growth of the Moldovan economy will restore, but the quality of this growth will worsen in 2016-2017, Expert-Grup forecast says. According to another edition of research “MEGA – Analysis of the economic growth in Moldova”, which the Independent Analytical Center submits twice a year, Moldova’s GDP growth in 2016 will be 3.4%, in 2017…