Kazakh company BI Group is intending to invest $9.5 million in the construction of Hampton by Hilton hotel in the Uzbek capital. March 20 saw the ceremony of laying the time capsule in the foundation of the future hotel. It will house 120 rooms and a business center. The project is to start in May,…
Tax and insurance payments arrears of entrepreneurs could be restructured, the Ministry of Economy and Finance of Kyrgyzstan reports. The ministry noted that a law was signed in August 2020 on restructuring arrears on accrued interest, penalties, tax sanctions and fines on insurance payments. It was adopted to support citizens, business and the financial sector…
The State Tax Service of Ukraine will ensure effective cooperation with the newly established Bureau of Economic Security so that to reduce the shadow economy and eliminate unfair competition, Head of the State Tax Service Oleksiy Liubchenko has stated. “We constantly hear from business about insecurity from the willfulness of various state law enforcement agencies.…
The National Bank of Ukraine (NBU) provided a total of UAH 180 million in refinancing to two banks, the central bank’s press service reported. “On March 19, a quantitative tender was held for the refinancing of banks for a term of 84 days. The applications of two banks for a total sum of UAH 180.0…
SAS Scandinavian Airlines will resume direct flights from Vilnius Airport to Stockholm’s Arlanda Airport in April after the suspension in early January. The first flights are scheduled for April 1 and 3, and the airline plans to fly twice a week from April 12. Additional flights are possible in the near future depending on the…
The nominal gross domestic product (GDP) amounted to 49.40 billion GEL in 2020, up by 0.3% YoY, while the real growth of GDP reduced by 6.2%, preliminary data from the National Statistics Office of Georgia showed. The largest shares of GDP by activity were held by: wholesale and retail trade; repair of motor vehicles and…
In February, the producer price index of industrial output increased by 1% MoMy and by 4.1% YoY. Electricity had the biggest impact. Eveli Sokman, leading analyst at Statistics Estonia, said compared to January, the producer price index was affected the most by increased prices in electricity production and in the manufacture of wood and wood…