Ukraine’s Central Bank forecasts that the country’s GDP growth will slow down to 2.5% in 2019, only to speed up again starting next year: to 2.9% and 3.7% in 2020 and 2021, respectively. “The causes of the 2019 economic slowdown include weaker growth in the world economy and global trade, a restrained fiscal policy due…
Since the beginning of 2019, UAH 2 billion in revenues from taxes have been transferred to local budgets of Mykolaiv region, up by 21% YoY, Deputy Head of the Mykolaiv Regional State Administration Oleksandr Kushnir wrote on his Facebook page. “Since the start of the year, the general fund of local budgets of Mykolaiv region…
Prices of vegetables, meat, fruit and grapes have increased in Georgia, show the latest inflation data from the National Statistics Office of Georgia (Geostat). In April the prices of food and non-alcoholic beverages increased by 0.7%. The prices in the group increased for the subgroups of: vegetables (5.6%), fruit and grapes (5%) and meat (1%).…
The average monthly wage for civil servants in Estonia stood at EUR 2,433 in 2018, up by 11% YoY. This covers all public sector employees across the country, in both central government and local government-related organizations, as well as other bodies. Whereas ministry bureaucrats were paid an average of EUR 1,754 per month this time…
Since the launch of the ProZorro system in Ukraine, small-scale privatization has already brought UAH 1 billion to the budgets of all levels, Minister of the Cabinet of Ministers Oleksandr Saienko has written on Facebook. “One billion hryvnias! This is the sum transferred to the budgets of all levels over nine months since the start…
The proposed amendments to the Tax Code plan a 23% flat income tax, which in turn will reduce year-by-year and reach 20%, Deputy Minister of Finance Arman Poghosyan told lawmakers at hearings of the economic affairs committee. A representative of a civil society organization asked the official, which countries they’d observed in terms of experience…
The National Bank predicts that the volume of international reserves will remain at the level of about $21-22 billion in the coming years, NBU Governor Yakiv Smoliy declared. According to him, the key task for Ukraine is to continue cooperation with the International Monetary Fund and other financial organizations. At the same time, the main…