Although Ukraine has confirmed its readiness to buy 1.5-4 billion cubic meters of Russian gas this winter and Moscow said it was ready to ensure exports to Ukraine and the E.U., no final deal was reached during the talks, Russian Energy Minister Alexander Novak reported. “The Ukrainian side has expressed its readiness to buy 1.5-4…
Foreign direct investment in Georgia increased by 5% YoY in the first nine months of 2016 to $1.29 billion, according to preliminary data released by the State Statistics Office. FDI in the third quarter stood at $463 million, down by 4% YoY and up by 3.8% QoQ. After increasing by about 33% YoY in the…
In July-November Ukraine significantly increased the exports of peas to Pakistan, which reached 39.9 thousand tons, up by 75% YoY (22.8 thousand tons), and by 8% compared with the whole 2015/2016 MY (36.8 thousand tons). The current trends in peas production in Ukraine allowed increasing the exports, not only to Pakistan, but also on the…
Ukraine’s Cabinet of Ministers has permitted government customers to extend the terms for sending advance payments to buy specialized equipment required for the implementation of the Vilkha defense project to 24 months. The requirement is outlined in the government resolution No. 891 dated November 30, amending government resolution No. 117 dated April 23, 2014. The…
In 2016 the production of grains and pulses in Ukraine will reach 64.2 million tons in standard weight, up by 4 million tons YoY, the Ministry of Agrarian Policy and Food of Ukraine declared. According to the announcement, the average yield of grains and pulses is estimated at 4.48 ton/ha (up by 0.37 ton/ha compared…
The European Investment Bank (EIB) will allocate EUR 450 million to Georgia through three loan agreements, the EIB and Georgian Prime Minister’s Office said. EUR 250 million will be allocated to finance new construction and upgrading of priority roads, EUR 100 million for the rehabilitation and upgrading of municipal infrastructure and a EUR 100 million…
The government, entrepreneurs and social partners continue sharp discussions of the future of micro-enterprises and the tax regime to be applied to them in the foreseeable future. One proposal suggests canceling the payment of mandatory minimal social fees and increasing micro-enterprise tax rate from 9% to 15%.This proposal was reviewed week by members of the…