Belarus: Amkodor to raise output in 2016

The Belarusian mechanical engineering company Amkodor will raise its output by 65-70% in 2016 over 2015, the press service of the enterprise quoted Amkodor’s Deputy Director General for Economy and Finance Yelena Maximova as saying. “We have shown very good results in 2016. As against 2015, the industrial output went up by 65-70%. We ensure…

Uzbekistan: tax on property of individuals goes up

The Uzbek government set new tax rates for property owned by individuals on January1, 2017 under the Presidential Decree ‘On forecasts for major macroeconomic indicators and parameters for state budget of the Republic of Uzbekistan for 2017′. The property tax (residential houses, flats, countryside houses, garages, and other premises) rose from 1.5% to 1.7%, except…

Kyrgyzstan: car registration price rises

The order “On approval of the wage scale assessment of motor vehicles, applied during the initial registration and re-registration of motor vehicles for 2017”, has come into effect, the State Registration Service reports. The registration fee will increase by 5%. State Registration Service noted that the price of registration of vehicles would only grow. This…

Turkmenistan building big gas & chemical complex

90% of the work has been completed at the polyethylene and polypropylene production complex, which is being built in Turkmenistan’s Balkan region. A reservoir park for water, hydrocarbon storage tanks, most of the buildings and facilities have been built. Laying of electrical cable lines, grounding and cathodic protection system continues. About 1,300 employees, as well…

Ukraine: seaports cargo handling down in 2016

Ukraine’s seaports in 2016 handled 131.99 million tons of cargo, down by 8.9% YoY, reads a report from the Ukrainian Sea Ports Authority. According to the report, transshipment of exported cargo decreased by 3.3%, to 100.395 million tons, imported cargo by 10.8%, to 16.013 million tons. Transshipment of transit freight fell by 35% and amounted…