Roshen Confectionary Corporation has lost one position in the rating of Global Top 100 Candy Companies 2018 and was the 25th, retaining sales at the level of 2017 with $800 million. According to the rating posted on the website of the Candy Industry publication, Roshen Corporation has eight factories and over 10,000 employees. Konti Group…
Investments in the economy of Uzbekistan should grow by 16%, to $17 billion in 2019, said President Shavkat Mirziyoyev during the annual address to the Houses of Parliament on December 28 It is planned to absorb 138 trillion soums of investments ($16.6 billion). At the same time, the authorities plan to increase the size of…
According to information from the State Revenue Service, revenue from excise tax exceeds EUR 1 billion. The rise of excise tax revenue is not just tied to increased excise tax rates but also the expansion of the legal market of excise goods, which, in turn, points to optimal excise tax policy in the country. 52%…
The Central Bank of Azerbaijan (CBA) expects to keep inflation rate at 4% (+/-2%) in 2019, according to a CBA statement on monetary policy for 2019 and medium term. Inflation rate was falling rapidly in 2018 than expected and stabilized at a single digit. Inflation rate was 2.3% in January-November. The average annual inflation rate…
Moody’s Public Sector Europe has upgraded the ratings of two Ukrainian cities – Kyiv and Kharkiv – to Caa1 from Caa2, which reflected Moody’s upgrade of Ukraine’s sovereign bond rating to Caa1, with a stable outlook, from Caa2 (positive outlook) on December 21. The outlook for the two cities was also changed to stable from…
Ukraine’s state and government-guaranteed debt in November grew by 0.6%, or by $0.44 billion, to $74.76 billion. The amount of the debt in the hryvnia equivalent increased by 1.4%, or by UAH 29.4 billion, to UAH 2.122 trillion, the Ukrainian Finance Ministry said. Since the beginning of the year, the country’s state debt in the…
A high-speed Stadler train will be launched in the coming days, and this train will run along the Baku-Ganja route, Azerbaijan Railways CJSC reported on December 27. This train will travel at a speed of 159 kilometers per hour. Passengers will be able to use VIP and business class seats. Each railcar will have a…