Kyrgyzstan: reasons for low profitability of state enterprises to be clarified

Members of the interdepartmental commission in a month should find out the reasons for the loss and low profitability of state-owned enterprises, Vice Prime Minister Zhenish Razakov said at a meeting on optimization of state property management, the information department of the Kyrgyz government reported. “The state represented by the State Property Management Fund participates…

Turkmenistan: IMF urging to support private sector

In the challenging external environment, maintaining strong, sustainable, and inclusive growth for Turkmenistan will require improvements in the business and regulatory environment to support further private sector development, the IMF (International Monetary Fund) mission said in a message following the visit to Ashgabat. Effective implementation of reforms of state-owned enterprises and privatization, greater efficiency of…

Ukraine: Kyivavtodor officials accused of UAH 300 million embezzling

Officers of the Security Service of Ukraine (SBU) jointly with Prosecutor General’s Office (PGO) have revealed embezzlement of hundreds of millions of hryvnias by officials of municipal corporation Kyivavtodor. The press service of SBU reported that it was established that officials embezzled funds of the national and city budgets provided for construction, maintenance, overhaul and…

Kyrgyzstan: exports to EEU up in 2016

Kyrgyzstan has managed to increase deliveries of products to the markets of the Eurasian Economic Union (EEU) in 2016 despite the decline in its trade turnover with members of the union in the same period, Vice Prime Minister of Kyrgyzstan Oleg Pankratov said. “If we take the total figure, the drop in external trade with…