Kazakhstan: inflation hits 8.5% in 2016

Inflation rate in Kazakhstan hit 8.5% in January-December 2016, Statistics Committee of the Ministry of National Economy of Kazakhstan reported. Food prices have increased by 9.7%, non-food items’ prices have gone up by 9.5%, and paid services’ prices have increased by 6.1% since early 2016. In December 2016 the inflation rate was 0.9%. Food prices…

Azerbaijan: new appointments in Tax Ministry

Habil Mammadov and Sarkhan Mammadov have been appointed heads of new departments at the Azerbaijani Ministry of Taxes, says a message on the ministry’s website. Habil Mammadov was appointed the director general of the Special Revenues Department and Sarkhan Mammadov was appointed the director general of the Baku City Department for work with small entrepreneurs.…

Ukraine: Ukrtransnafta to pump Urals oil from Odessa-Kremenchuk oil pipeline

Public joint-stock company Ukrtransnafta has made arrangements with public joint-stock company Ukrtatnafta (Kremenchuk oil refinery) on the transshipment of Urals crude oil pumped from the Odessa-Kremenchuk oil pipeline to railway tankers to transport it and pump it to the second line of the Druzhba oil pipeline, First Deputy Director General of Ukrtransnafta Andriy Pasichnyk has…

Belarus and Pakistan mull over joint ventures

Ambassador Extraordinary and Plenipotentiary of Belarus to Pakistan Andrei Yermolovich met with Tariq Fatemi, Minister of State for Foreign Affairs, Special Assistant to the Prime Minister of Pakistan, to discuss a wide range of matters of bilateral cooperation and review the status of implementation of the agreements signed during top-level visits, the press service of…

Belarus: Amkodor to raise output in 2016

The Belarusian mechanical engineering company Amkodor will raise its output by 65-70% in 2016 over 2015, the press service of the enterprise quoted Amkodor’s Deputy Director General for Economy and Finance Yelena Maximova as saying. “We have shown very good results in 2016. As against 2015, the industrial output went up by 65-70%. We ensure…

Uzbekistan: tax on property of individuals goes up

The Uzbek government set new tax rates for property owned by individuals on January1, 2017 under the Presidential Decree ‘On forecasts for major macroeconomic indicators and parameters for state budget of the Republic of Uzbekistan for 2017′. The property tax (residential houses, flats, countryside houses, garages, and other premises) rose from 1.5% to 1.7%, except…

Kyrgyzstan: car registration price rises

The order “On approval of the wage scale assessment of motor vehicles, applied during the initial registration and re-registration of motor vehicles for 2017”, has come into effect, the State Registration Service reports. The registration fee will increase by 5%. State Registration Service noted that the price of registration of vehicles would only grow. This…

Turkmenistan building big gas & chemical complex

90% of the work has been completed at the polyethylene and polypropylene production complex, which is being built in Turkmenistan’s Balkan region. A reservoir park for water, hydrocarbon storage tanks, most of the buildings and facilities have been built. Laying of electrical cable lines, grounding and cathodic protection system continues. About 1,300 employees, as well…

Ukraine: seaports cargo handling down in 2016

Ukraine’s seaports in 2016 handled 131.99 million tons of cargo, down by 8.9% YoY, reads a report from the Ukrainian Sea Ports Authority. According to the report, transshipment of exported cargo decreased by 3.3%, to 100.395 million tons, imported cargo by 10.8%, to 16.013 million tons. Transshipment of transit freight fell by 35% and amounted…

Estonia: healthcare costs up

Healthcare costs have increased by 397 million euros at current prices over the 2009-2015 period, 98 million euros of which fell into 2015, according to the National Institute for Health Development’s (TAI) newly-pubished analysis “Estonian healthcare costs 2015”. In 2015 state health insurance, i.e. the Estonian Healthcare Insurance Fund (EHIF), accounted for 64.8%, household co-financing…

Ukraine: gas imports down in 2016

In 2016 Ukraine reduced imports of natural gas by 32.7% YoY (by 5.376 billion cubic meters), to 11.078 billion cubic meters, according to PJSC Ukrtransgaz. In December 2016 gas imports amounted to 1.659 billion cubic meters, up 3.7 times YoY (444 million cubic meters). Imports from Slovakia last month amounted to 1.303 billion cubic meters,…

Georgia: GDP up in November 2016

Georgia’s real GDP expanded by 2% in November 2016, after a 1.3% growth in October, according to the preliminary data released by the State Statistics Office. Economy grew by 2.4% in the first eleven months of 2016, according to Geostat’s preliminary data. The 2016 economic growth forecast was reduced from 3% to 2.7% as a…