Lithuania: President signs laws on tax overhaul

President Dalia Grybauskaite has signed the laws overhauling the country’s tax system, adopted by the Seimas. For the laws to come into effect early next year they must be published six months earlier. The laws are related to the personal income tax, state social insurance, health insurance, tax administration, the profit tax, public procurement, VAT…

Azerbaijan: hazelnut exports to Europe to increase

Azerbaijan Hazelnut Producers and Exporters Association (AHPEA) intends to expand the geography of hazelnut exports on the European market, the association’s Chairman Ismayil Orujov declared. He said that last week Azerbaijan Export and Investment Promotion Foundation (AZPROMO) organized an export delegation to Switzerland, and about 12 Azerbaijani producers took part in it. “It is important…

Ukraine: Boryspil Airport tops ACI Europe rating for passenger flow increase in May 2018

According to the results of Airports Council International (ACI Europe), Boryspil International Airport in May took the first place in the category of airports that handle 10-25 million passengers, the airport’s press service posted on its Facebook page. “The coordinated work of our team continues to multiply success,” reads the report. Boryspil Airport showed the…

Georgia: wine exports up in H1 2018

Georgia exported 38.2 million bottles of wine to 48 countries in the first six months of 2018, announces the Georgian National Wine Agency. In January-June Georgia generated about $90.3 million from the sale of wine abroad. Revenue increased by 28% YoY, while the volume of exports increased by 21%, said the Georgian National Wine Agency.…

Ukraine: GIZ to launch new project to support Energy Efficiency Fund

The German federal company Deutsche Gesellschaft fur Internationale Zusammenarbeit (GIZ) mbH launches a new project to support the Energy Efficiency Fund of Ukraine, Vice Prime Minister-Minister for Regional Development, Construction and Housing Hennadiy Zubko wrote on his Facebook page. “We continue to unite international partners around the energy efficiency reform and the launch of the…

Belarus: Russian Sberbank pleased with results

Belarus is turning into a stably profitable investment destination, Sberbank President, Chairman of the Board German Gref has said. German Gref noted that the bank found a stable and lucrative investment market in Belarus. “The operations in Belarus generated a 17% return on capital last year, which is pretty good for the banking sector, although…

Ukraine: AVK launches sweets exports to Malaysia

AVK confectionery company has launched exports to Malaysia. “We have already handled the first three deliveries of sweets and are working on new orders,” AVK Deputy Director General for Strategic Development Andriy Radchuk declared. As reported, the first 50 tons of Ukrainian sweets have already been supplied to Malaysia. Radchuk says the company plans to…

Ukraine: trade relations with UK to strengthen

Ukraine and the UK have welcomed ongoing consultations on ensuring the implementation of the Association Agreement between Ukraine and the EU, which includes a Deep and Comprehensive Free Trade Agreement (DCFTA), facilitating trade worth $2.35 billion between the two countries after the UK leaves the EU, the press service of the Ministry of Economic Development…

Ukraine: exports to Canada up in 2017

In 2017 exports of Ukrainian goods to Canada grew by 74.4% (or $21.5 million) and amounted to $50.4 million, the press service of the Economic Development and Trade Ministry wrote on Twitter. “Soon it will be two years since the Canada-Ukraine Free Trade Agreement was signed. In 2017 exports of Ukrainian goods to Canada rose…