Ukrainian President Petro Poroshenko says local budgets within the decentralization reform accounted for more than 50% of the country’s consolidated budget. “For the first time in the history of Ukraine, if we take transfers to local budgets, more than 50% of the consolidated budget is local budgets,” he said at a meeting on decentralization in…
The Kyivpastrans municipal enterprise has received a batch of new low-floor trams with a high degree of passenger comfort, the enterprise has reported on its Facebook page. “Kyivpastrans once again received a batch of new Electron T5B64 low-floor trams with a high degree of comfort, a reduced level of vibration and noise, an air conditioning…
BelAZ, the managing company of BelAZ holding company, increased its exports by 80% YoY in Q1, the company reported. In January-March the company exported about 96% of its products. The company sold to 24 countries. Russia, Uzbekistan and Kazakhstan made up the top three customers of the Belarusian factory. BelAZ increased supplies to Russia by…
In Almaty region, with the support of Kazakh Invest, a plant will be built in 2019 to produce plant protection products with the participation of Turkish investments. The foreign investor, represented by the Turkish holding company Agrobest Group, invests $30 million in the production of herbicides, insecticides, fungicides, seed protectants and glyphosate in Kazakhstan. Kazakh…
Despite the absence of interventions, Kyrgyzstan’s gross international reserves are decreasing, the National Bank reported. Following the results of March, Kyrgyzstan’s reserves amounted to $2,118.65 billion. Over the month, they reduced by $3.61 million. But since the beginning of the year the figure has increased by $32.19 million. The National Bank uses international reserves to…
The Office of Reforms at the Cabinet of Ministers of Ukraine together with the Finance Ministry, the Economic Development and Trade Ministry and the State Property Fund drafted a large-scale privatization plan that would be submitted to the government for consideration in the near future. The project was agreed on at the second meeting of…
The European Bank for Reconstruction and Development (EBRD) plans in 2018 to sign about 30 agreements of cooperation with Ukrainian companies, including three or four in the field of transport and logistics, EBRD Director for Ukraine Sevki Acuner said during a press conference on signing the agreement between the EBRD and Ukrainian private postal delivery…