Ukraine has fully used its annual quotas for the European Union’s duty-free exports for nine commodity groups in 2017, according to the press service of the Ukrainian Agribusiness Club Association (UCAB). In particular, the quotas for honey, sugar, cereals, flour, processed tomatoes, grape and apple juice, chicken meat, and grain, namely wheat, maize, and barley…
More than UAH 16 billion will be spent on road construction in Ukraine this year, Ukrainian President Petro Poroshenko has said. “We are confident that more than UAH 16 billion will be used for road construction where it has never been done in Ukraine this year so that people could feel we have resources to…
Central Asian states, Uzbekistan and Turkmenistan, which traditionally enjoy fruitful and successful cooperation, voiced commitment to deepen the ties. Uzbekistan’s President Shavkat Mirziyoyev and Deputy Chairman of the Cabinet of Ministers, Foreign Minister of Turkmenistan Rashid Meredov discussed the expansion of practical Uzbek-Turkmen cooperation. The sides discussed the expansion of cooperation between the countries, as…
Planning for faster increase of excise tax rate on fuel, cigarettes and alcohol, the Latvian Cabinet of Ministers has backed amendments to the law On Excise Tax. The amendments set forth raising from 2018 the excise tax rate on unleaded petrol by 7.8%, on leaded petrol by 24%, on diesel by 11% and on liquified…
In January-May Belarus’ export of goods and services went up by 20.6% YoY, to $13.553 billion, according to the website of the National Bank of the Republic of Belarus. In January-May Belarus’ foreign trade in goods and services amounted to $26.841 billion (up by 18.1% YoY). Export of goods and services totaled $13.553 billion (up…
Foreign investment in Kyrgyzstan fell by a half from $1,573.2 billion in 2015 to $814,000 in 2016, the National Statistics Committee reported. Manufacturing industries accounted for a third of direct investments. Also, a significant share of investments is taken by geological exploration (20.3%), financial intermediation and insurance (22%). There was less direct foreign investment from…
Stakeholders of Azerbaijan’s DemirBank decided to increase the bank’s total capital, the bank said in a message. The capital will be increased by transforming the bank’s external liabilities worth $105 million into Tier 1 capital, according to the message. The bank’s recapitalization plan approved by the stakeholders has already been submitted to the Financial Market…