The National Bank of Ukraine (NBU) on April 24, recognized Diamantbank (Kyiv) insolvent, according to the central bank’s website. The NBU board made corresponding decision No. 264-RSh/BT as of April 1, the bank failed to achieve the minimum level of regulatory capital adequacy at a ratio of 5% established by the central bank. Following the…
Baltic beverages producer Cido Group continues developing its export potential. The company has commenced exports of juices to Libya this year. This is the first African country that values juices produced in Latvia. Until now, Latvian juices have been exported to markets like China and United Arab Emirates, as reported by the company. All juices…
Next year’s budget gap is EUR 460 million, which is planned to be compensated for by raising taxes for alcohol and fuel. Large Latvian municipalities do not support the government’s proposed tax reform. Leaded petrol excise tax for 1,000 liters is planned to be increased by 7.8%, from EUR 436 to EUR 470 in 2018.…
In 2017 the share of rapeseed planted areas (winter and spring) in the general structure of crop planted areas in Belarus will rise to 7.5% against 3.9% last year. Thus the planted areas of winter rapeseed for the harvest-2017 totaled 352.7 thousand ha, and the planned areas for spring rapeseed total 86.2 thousand ha, which…
The Armenian government says “it is realistic” to secure a $200-million growth in exports in 2017, eyeing a further $450 million hike next year. Prime Minister Karen Karapetyan held consultations at the Ministry of economic development and investments. According to preliminary estimates, exports will grow from some $1.8 billion in 2016 to around $2.5 billion…
South Kazakhstan region plans to repair 123 high-rising apartment buildings under the Regions Development Program 2020, the press service of the local administration says. The repair works in 98 apartment buildings will be finished by the end of the year. In general, the region plans to repair 21 high-rising apartment buildings in Shymkent, 37 in…
Producers of energy received from renewable sources could be exempt from taxes. The bill was drafted by the deputies of the Parliament. The law proposes to introduce an item on the producers of electrical and thermal energy, gas and renewable fuels in the gaseous state, liquid biofuel received from the use of renewable energy sources.…