Ukraine introduced value added tax (VAT), which is one of the essential sources of fiscal revenues in many countries, in 1992. The tax became important for Ukraine’s economy as it brings about one third of consolidated fiscal revenues and accounts for near 10% of GDP. However, with years the tax became known for poor administration and fraud. Some loopholes in the administration relate to numerous VAT privileges and exemptions.
2014 was the most difficult year for Ukrainian economy in the 21st century. Ukraine faced economic crisis and military conflict in the East, while Russia annexed Crimea. Real GDP is estimated to decline by near 7% in 2014 due to a drop in domestic demand and weak external demand.
Why should a paper called Future of European Welfare State be any different from any other publication on welfare? Well, let’s just say that it is made up almost entirely of infographics. And it is accompanied by two superb videos.
Application of genetic engineering technology is strictly regulated in the EU. GMO as well as food or feed containing GMO is subject to a comprehensive authorisation procedure which involves risks assessment to human health and the environment, before the company is allowed to place GMO on the market. But how does it work in Ukraine?
Liberty. Equality. Fraternity. France and Europe and its three pillars have been shaken. Or rather have been shaking for at least a decade, but few wanted to admit this and to take action.
Friedrich Naumann Foundation for Freedom proudly presents its latest publication: The European Union – Catalyst for Economic Freedom? As the name itself suggests, the collection of papers, including contributions by by Steffen Hentrich, Emmanuel Martin, Danko Tarabar and Andrew Young, is devoted to the issue of economic freedom within the EU.
The Ukrainian policy of export restrictions over recent years did not have the desired effect on the consumer prices and does not solve the declared policy target of food security.
By applying additional economic measures to diplomatic pressure the EU and US expressed disapproval of the Russian violation of fundamental international norms
The debt which was devalued at the Prague Castle, has been back in 32 minutes and 51 seconds. And then again. And again. And again.
Russia sees Azerbaijan as a target of high priority, the subordination of which to Russia would help seal Central Asia off from the West.
