The government of Azerbaijan plans to increase the share of the insurance market in the country’s non-oil GDP to 1.4% until 2020, the Strategic Road Map for Development of Financial Services in Azerbaijan said. Azerbaijan’s Financial Markets Supervision Chamber, which regulates the insurance market, said that the share of the insurance market in GDP was…
Last week Latvia’s Saeima conceptually supported legal drafts that provided for raising micro-enterprise tax rate from 9% to 15% and refusal of introduction of minimal social fees starting from 2017. This means the end for the story that riled up the population at the end of the year. Or perhaps it’s just the beginning. In…
At the meeting with Turkey’s Prime Minister Binali Yildirim, Vice-Premier, Minister of Economy of Moldova Octavian Calmic said the authorities sought to open an economic representative office under the Embassy of Moldova in Turkey for implementing joint projects with the country. Besides, the expansion of the trade and economic ties between the two countries is…
The International Monetary Fund (IMF) has called on Russia and Ukraine to settle Kiev’s $3 billion eurobond owned by Moscow on which the fund’s disbursal of the next tranche depends, Ron van Rooden, chief of the IMF’s recent mission to Ukraine, reported. He declined to say whether any progress had been reached on the matter,…
Estonian Riigikogu adopted an amendment to the country’s Aliens Act to simplify the settling of foreigners in Estonia that could make a contribution to the local economy, especially people working in the field of information and communication technology. Andres Metsoja, member of the Pro Patria and Res Publica Union’ faction, said that the objective of…
On December 15, the European Parliament approved of new rules that provided for quicker restoration of visa requirements for non-EU nationals in events when EU member states faced surge of illegal immigration or security risks. “We have succeeded in creating a more flexible and operational tool, while ensuring respect for human rights and a key…
Ukraine’s Investment Attractiveness Index in H2 totaled 2.85 points compared to 2.88 points in H1 and 2.57 points in H2 2015, according to a study of the European Business Association (EBA) conducted on the basis of a poll of top managers of companies in November and December. “Confidence of business has not changed a lot…