The National Bank of Kyrgyzstan intends to increase the share of gold in the gross international reserves from 16% to 50%, the Chairman of the National Bank Tolkunbek Abdygulov stated. According to him, this is what the National Bank can do in an attempt to protect itself from the volatility of currencies in China and…
Prime Minister of Ukraine Volodymyr Groysman has stated that the foreign debts accumulated for 2005-2013 impede raising social standards in Ukraine now. He said this at a meeting of the Verkhovna Rada Committee on Economic Policy. “In 2005-2013 Ukraine accumulated almost $50 billion in foreign debts. This year we have to spend UAH 130 billion…
Ukraine is expected to reach energy efficiency at the level of 9% by 2020, compared with the situation in 2005-2009, by implementing the European energy efficiency directives. “Today all the international partners help Ukraine move towards energy efficiency. However, this path is impossible without the implementation of key European energy efficiency directives and a roadmap,…
The excise tax on automobile fuel may be scrapped, according to the Belarusian Deputy Finance Minister Dmitry Kiyko. The deputy finance minister said: “We now recognize as a possibility that the state budget may lose considerable revenues within the next 3-5 years and are working out measures to minimize these risks. The greatest challenges include…
The city of Qingdao, China’s Shandong Province, hosted an exhibition-fair of products imported to China from the countries represented in the Shanghai Cooperation Organization (SCO). Various products were put up for sale from member countries, as well as countries that had status of observer and a dialogue partner for the organization. The national stand, prepared…
The Acting Defense Minister Levan Izoria told lawmakers on June 20 that in the near future Georgia would receive the most modern, man-portable air defense system – FIM-92 Stingers – from the United States. Izoria said that together with Javelins, the new systems would significantly empower the country’s self-defense capabilities. Stinger (FIM-92) is a man-portable…
About one million Ukrainians will receive raised pension payments from July 1, 2018, according to Deputy Prime Minister Pavlo Rozenko “From July 1 the minimum subsistence level will be raised for persons who have lost the ability to work. Pension payments will be increased for approximately one million Ukrainians,” Rozenko said, explaining that payments would…