Ukraine ready to buy Russian gas

Although Ukraine has confirmed its readiness to buy 1.5-4 billion cubic meters of Russian gas this winter and Moscow said it was ready to ensure exports to Ukraine and the E.U., no final deal was reached during the talks, Russian Energy Minister Alexander Novak reported. “The Ukrainian side has expressed its readiness to buy 1.5-4…

Ukraine: terms for sending advance payments to buy equipment for Vilkha defense project extended

Ukraine’s Cabinet of Ministers has permitted government customers to extend the terms for sending advance payments to buy specialized equipment required for the implementation of the Vilkha defense project to 24 months. The requirement is outlined in the government resolution No. 891 dated November 30, amending government resolution No. 117 dated April 23, 2014. The…

Georgia: EIB to allocate EUR 450 million

The European Investment Bank (EIB) will allocate EUR 450 million to Georgia through three loan agreements, the EIB and Georgian Prime Minister’s Office said. EUR 250 million will be allocated to finance new construction and upgrading of priority roads, EUR 100 million for the rehabilitation and upgrading of municipal infrastructure and a EUR 100 million…

Latvia: micro taxes lead to macro problems

The government, entrepreneurs and social partners continue sharp discussions of the future of micro-enterprises and the tax regime to be applied to them in the foreseeable future. One proposal suggests canceling the payment of mandatory minimal social fees and increasing micro-enterprise tax rate from 9% to 15%.This proposal was reviewed week by members of the…

Belarus: Belarusbank signs memorandums of understanding with Afreximbank and SID Banka

Belarus’ largest commercial bank OAO Belarusbank has signed memorandums of understanding with African Export-Import Bank and Slovenian SID Banka during Belarusbank’s conference in Frankfurt (Germany), the bank’s press service reported. The conference gathered around 100 representatives of the World Bank, German financial institutes and insurance companies, as well as representatives of such institutions of Italy,…

Ukraine: seaports grain export up in early December 2016

On December 3-9, Ukraine exported 635.2 thousand tons of grains from the seaports against 550.9 thousand tons on the previous week.

In particular, wheat shipments reached 188.3 thousand tons, corn – 429.9 thousand tons, and barley – 17 thousand tons. (APK-Inform/Business World Magazine)