Ukraine’s Verkhovna Rada has endorsed bill No. 5132 increasing the basic excise duty for petrol by 24.5% or EUR 42, to EUR 215.50 per 1,000 liters. The basic rate of excise duty for gasoil meeting Euro 4 and Euro 5 emission standards will grow by 46.8% or EUR 44.50, to EUR 139.50 per 1,000 liters.…
Ukraine’s real gross domestic product (GDP) in the third quarter of 2016 increased by 2% YoY, which is 0.2% higher than the previously made assessment, according to the website of the State Statistics Service of Ukraine. “GDP in the third quarter of 2016 compared with the previous quarter (seasonally adjusted) increased by 0.5%, while compared…
Ukrainian President Petro Poroshenko had a telephone conversation with the Managing Director of the International Monetary Fund (IMF) Christine Lagarde, the press service of the Ukrainian president has said. “Petro Poroshenko and Christine Lagarde coordinated steps within the development of further cooperation between Ukraine and the IMF under the Extended Fund Facility (EFF) program”, a…
This year, Latvia climbed to the third place among countries of continental Europe in regards to loans issued online. France and Germany are ahead of Latvia in this industry. Thanks to rapid development of two financial technologies companies Twino and Mintos in the past two years, Latvia has become one of the leaders in alternative…
Excise taxes on oil products in Moldova will increase more than expected in the next three years. This is stipulated by the fiscal policy for 2017 passed by the Parliament of Moldova in the final reading. In particular, in 2017 the excise rate was going to grow from MDL 4,137 to MDL 4,503 per ton…
The E.U. has official prolonged its anti-Russian sanctions for six months until July 3, 2017 from December 31, 2016, the E.U. Council said in a statement. “Having assessed the implementation of the Minsk agreements at the European Council meeting of December 15, the E.U. heads of state and government paved the way to renew the…
The members of Riigikogu passed on December 19, a series of tax changes pushed for by the new Estonian government that set forth increasing excise tax for fuel, light alcohol and raising considerably level of income exempt from income tax. The proposals adopted by 55 votes for and 37 against cancel the 0.5% cut in…