The decision by Naftogaz’s supervisory board regarding the payment of multimillion-dollar annual bonuses to four members of the company’s executive board cannot be implemented, Naftogaz CEO Yuriy Vitrenko has said in a letter to Ukrainian Prime Minister Denys Shmyhal. The reason for his appeal to the head of government was the decision by the supervisory…
Reconstruction of 60 houses destroyed by the Tajik military has been completed in Batken region, State Secretary of the State Agency for Architecture, Construction, Housing and Utility Services Samat Borubaev has announced at a meeting of the Parliament. According to him, 15 houses have been commissioned. “At least 60 out of 140 houses have been…
Japan’s Toyota Tsusho Corporation has announced its plans to invest in Georgia’s energy sector. During an official meeting with the Economy Minister Natia Turnava, the Toyota Tsusho delegation expressed its special interest in the production of the so-called green hydrogen. “Toyota Group has been present on the Georgian market for years. However, it is possible…
Compared to June 2020, total retail trade turnover rose by 5.9% in June. Turnover of retail trade in food products declined by 2%. Retail trade in non-food products (except for retail sale of automotive fuel) increased by 11.4% and of automotive fuel – by 9.6%. Compared to June 2020, the most notable turnover rise was…
In the first half of 2021, Eesti Energia earned a net profit of EUR 16.5 million with a record sales revenue of EUR 538 million. In the same period last year the company made a net profit of EUR 5 million. Turnover of the first half of the year increased by 36% YoY and reached…
The current volume of gold and foreign exchange reserves provides a sufficient margin of safety to maintain the country’s macroeconomic and financial security, the National Bank of Kyrgyzstan reports. The country’s financial regulator denied reports that there was a sharp decline in gold and foreign exchange reserves. As of July 27, the size of the…
Uzbekistan carried out $4.6 billion worth of construction work during January-June. The country’s statistical committee said that construction volume surged by 100.1% YoY. The public sector completed 95.9% of all works. Large construction organizations carried out construction work worth some $1.15 billion, with the share of small enterprises and microfirms amounting to $2.4 billion. (Uzreport/Business…