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ECONOMY
- Ukraine
A new wave of “leakage” of business and labor migrants may be provoked in Ukraine – Friedman Institute-UNIAN

(Read the full article on unian.ua)

Economists and experts analyzing developments in Eastern Europe have drawn attention to tax reform in Ukraine, UNIAN reported.

This is stated in an article on the website of  The European Morning Post, which refers to a study by the Friedman Institute.

The media note that the current reforms of the Ukrainian government may provoke a new wave of “leakage” of business and labour from Ukraine to the West, including Poland, the Czech Republic and other Eastern European countries, which need an influx of labour and capital.

Experts’ analysis of tax reforms – increases in taxes on tobacco, royalties of iron ore, cars and other goods – shows their potential danger to Ukraine’s economy.

It is reported that in order to replenish the budget, the Ukrainian government plans to lift the moratorium on the indexation of the normative monetary valuation of land, on which depends the amount of taxes levied on farmers and land rent. Under the proposed reform, the government expects to receive an additional 3.4 billion hryvnias or more than 100 million euros a year.

“In addition, the government wants to introduce an excise tax on the sale of” green “electricity. According to some reports, the tax may vary from 3.2% to 40%,” – said in a statement.

Jun 18, 2021

DATA SNAPSHOT

BANKS
- Azerbaijan
Fitch affirms Azerbaijan’s Expressbank at ‘B’, outlook Stable
TRADE
- Uzbekistan
Uzbekistan’s foreign trade turnover at $13.15 bln in Q1, 2022
ECONOMY
- Belarus
Belarus inflation up 15.9% yr/yr in March-Statistics Committee
ECONOMY
- Georgia
Remittances to Georgia rise 3% yr/yr to $193 mln in March-central bank
THE TRIBUNE
- Eurasia
The Tribune suspends publication
HEALTH
- Covid-19
COVID-19 Eurasia Roundup
The Tribune keeps you up-to-date with the latest vaccines and infection data across the region.
OPINION
- Kazakhstan
OPINION-Kazakhstan’s Reforms Should Be More Than Just Show-FOREIGNPOLICY
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