Ukraine faces the IMF’s 4th review of EFF

(jen dubin, CC BY-NC-ND)

Estonia and Russia to sign the agreement on cross-border cooperation

German and Austrian companies – the biggest taxpayers in Slovakia

Ukraine

Experts from the International Monetary Fund will discuss with the cabinet of Volodymyr Groysman the 4th review of the Extended Fund Facility (EFF). Interfax reports the IMF’s mission started working on May 16th. The experts are supposed to stay in the country until May 25th.

This is the first of three reviews scheduled for 2017. The following two will take place in the middle of August and in the middle of November.

The EFF program was launched by the IMF in March 2015. It is a 4-year program. Ukraine can be granted USD17.25bn. The country has already received 4 tranches and now it waits for USD1.907bn (after the current review), USD1.28bn (after the fifth review) and USD1.28bn (after the sixth review).

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Estonia

Baltic Course informs on re-starting Estonian-Russian cross-border and interregional cooperation. Mihhail Korab, Estonian Minister of Public Administration, will visit Pskov in Russia, and will sign the agreement that lays legal basis for cooperation between ministries and institutions in many fields of activities. According to Baltic Course “activities connected with the agreement would be directed towards the regions of Estonia and Russia - both regions situated next to the border, as well as those further away.”

The process of preparing the agreement lasted more than 10 years. Estonian ministries of finance and of foreign affairs started working on it in 2006.

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Slovakia

Slovak Spectator reports that German and Austrian companies are the biggest tax payers in Slovakia. The study conducted by BMB Leitner (tax and audit company) shows that in 2015 German and Austrian companies combined paid 26 per cent of income and corporate taxes in the country.

The share of income and corporate taxes paid by Slovak companies was 17 per cent (EUR417.91m), the share of German companies was 16 per cent (EUR395m) and the share of Austrian companies was 10 per cent (EUR249.4m).

As reported, BMB’s study includes data from 200 biggest non-financial companies listed in the top 200 list compiled by the “Trend” weekly.

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What’s up in indexes

BET (of Bucharest) increased from 8,460.29 index points Monday, May 15th to 8,483.54 index points Tuesday, May 16th. It’s up 0.27 per cent d/d and up 31.52 per cent y/y.

BUX (of Budapest) decreased from 34,462.02 index points Monday, May 15th to 34,078.47 index points Tuesday, May 16th. It’s down 1.11 per cent d/d and up 29.84 per cent y/y.

CROBEX (of Zagreb) decreased from 1,867.62 index points Monday, May 15th to 1,863.22 index points Tuesday, May 16th. It’s down 0.24 per cent d/d and up 13.42 per cent y/y.

OMXR (of Riga) increased from 816.57 index points Monday, May 15th to 837.36 index points Tuesday, May 16th. It’s up 2.55 per cent d/d and up 31.89 per cent y/y.

OMXT (of Tallinn) increased from 1,119.57 index points Monday, May 15th to 1,115.00 index points Tuesday, May 16th. It’s down 0.41 per cent d/d and up 13.43 per cent y/y.

OMXV (of Vilnius) decreased from 587.32 index points Monday, May 15th to 586.22 index points Tuesday, May 16th. It’s down 0.19 per cent d/d and up 15.13 per cent y/y.

PX (of Prague) increased from 1,020.51 index points Monday, May 15th to 1,027.12 index points Tuesday, May 16th. It’s up 0.65 per cent d/d and up 16.37 per cent y/y.

SAX (of Bratislava) decreased from 307.26 index points Monday, May 15th to 304.47 index points Tuesday, May 16th. It’s down 0.91 per cent d/d and down 2.82 per cent y/y.

SOFIX (of Sofia) increased from 655.77 index points Monday, May 15t to 660.87 index points Tuesday, May 16th. It’s up 0.78 per cent d/d and up 50.06 per cent y/y.

UX (of Kyiv) decreased from 993.88 index points Monday, May 15th to 930.90 index points Tuesday, May 16th. It’s down 6.34 per cent y/y and up 44.37 index points y/y.

WIG20 (of Warsaw) decreased from 2,377.15 index points Monday, May 15th to 2,340.34 index points Tuesday, May 16th. It’s down 1.55 per cent d/d and up 26.25 per cent y/y.

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