The first plant in Central Asia, on the basis of which the industrial production of frozen French fries and potato flakes will be launched in November, has been built in Uzbekistan. The production capacity of the plant will be up to 20,000 tons of finished products per year. Work on the project has been going…
It is necessary to increase electricity tariffs in Kyrgyzstan, the Minister of Economy of Kyrgyzstan Oleg Pankratov said at a government meeting on November 6. According to him, the power industry is working at the limit of opportunities, and new industrial enterprises cannot be connected to the networks due to the overload of substations. “We…
Gabriel Paun, the founder of the Agent Green Association (Romania), says lab results confirm that 48% of the soybean cultivated in the tested areas across Ukraine is genetically modified. “We’ve chosen six key regions in Ukraine, which are altogether producing more than half of Ukraine’s soy. And from each region we took ten samples from…
According to the results of the first 9 months of 2018, bank’s operating income amounted to 4 billion UAH, up almost 2-fold YoY. Net interest income before provisions amounted to 2.96 billion UAH, whereas net commission income amounted to 1.19 billion UAH. Bank’s equity amounted to 6 billion UAH. According to the results of the…
Electric cars will be exempt from value-added tax (VAT) in Armenia if they are not re-exported within a year after the day of the import, when amendments to the existing tax code are approved. The vehicles, according to the proposed changes, cannot be exported to the countries of the Eurasian Economic Union (EAEU). If approved,…
Georgia exported about 68.3 million bottles of wine to 53 countries in the first 10 months of 2018, announces the Georgian National Wine Agency. In January-October Georgia generated $162 million from the sale of wine abroad. Revenue increased by 20% YoY, while the volume of exports grew by 12%, said the Georgian National Wine Agency.…
Lithuania’s central banker says it sees no clear signs of an upcoming new economic crisis but warns about slowing growth. Vitas Vasiliauskas, the Bank’s chief, acknowledges that the “income turning to expenses” continues, although differently from ten years ago. According to him, the Bank’s assessment is based on how the 2019 budget numbers. (BNN/Business World…