The construction of an important part of the trans-Caspian trade road Baku – Tbilisi – Kars railway is nearing completion. Countries of the region and beyond are highly interested in prospects for the launch of a trade cooperation that will be stimulated by this project. One of these countries is Uzbekistan, which is expected to…
The Estonian government has decided to make exceptions in the tax system for the shipping sector and seafarers as well as establish digital information systems, including an e-register for ships accessible to e-residents as well. At the end of August, the government reached an agreement that an exception could be made in Estonia’s previously uniform…
Minister Janis Duklavs met with NGOs at Agriculture Ministry’s Fishing Advisory Council meeting and discussed with them European Commission’s proposal for fishing opportunities in the Baltic Sea in 2018. EC’s proposal for fishing opportunities would affect Latvia the most negatively in relation to eastern cod (project suggests a 28% reduction) and herring (7%). There is…
Prime minister Karen Karapetyan said that more flights would be operated from Shirak airport in the northern Armenian town of Gyumri, which would help develop tourism in the city. In a Q&A session at the parliament, Karapetyan was responding to concerns raised by lawmaker from Tsarukyan bloc Vardan Ghukasyan. Ghukasyan who was once the mayor…
Azerbaijan should continue the restructuring of the banking sector, Jihad Azour, director of the Middle East and Central Asia Department at the International Monetary Fund (IMF), declared. The country’s economic recovery depends on this, according to him. “We discussed the issue of restructuring of the International Bank of Azerbaijan (IBA) and the banking sector as…
The public sector accounted for 11.1% of Ukraine’s economy in 2016, while in the first quarter of 2017 (Q1 2017) its share was at 16.3%, according to the website of the Ministry of Economic Development and Trade. In terms of economic activities, the state share in agriculture, forestry, and fisheries was at 4% in 2016…
The public joint-stock company Ukrzaliznytsia could see over UAH 11 billion of loss from passenger transportation by rail in 2017, Ukrzaliznytsia Chief Financial Officer Andriy Riazantsev said at the presentation of the company’s development strategy. “It is likely that this year we would pass the UAH 11 billion threshold of loss from passenger transportation. These…