Ukraine: poverty rate decreases

The poverty rate in Ukraine decreased to 12% in 2017, according to the results of the study conducted by the Kyiv International Institute of Sociology. “And this is one of the few but important achievements of Ukraine over the years. In 2008, after the beginning of the world crisis, the poverty rate increased to 21%,…

Belarus: gold and forex reserves at $7.3 billion

According to the preliminary data, Belarus’ gold and foreign currency reserves totaled $7,315 million as of January 1, if calculated in accordance with methods of the International Monetary Fund, the Information and PR Department of the National Bank of the Republic of Belarus reported. In December 2017, the country’s gold and foreign currency reserves went…

Ukraine: agricultural food exports to Japan at $80 million in January-November 2017

In January-November 2017 Ukraine exported agricultural food products to Japan at the sum of $80.2 million, including grain exports at $18.9 million, the Deputy Minister of Agrarian Policy and Food of Ukraine for European Integration, Olga Trofimtseva declared. According to the announcement, in the reporting period the imports of agricultural food products from Japan totaled…

Uzbekistan: income tax for individuals cut

The average and maximum rates on incomes of individuals have been reduced in Uzbekistan since January 1, while the amount of contribution to individual accumulative pension accounts has been increased, and property tax will be calculated based on the cadastral value of real estate. This is stated in the presidential decree, which approved the main…

Ukraine: Ukrenergo to implement ERP system based on Microsoft platform

Ukrenergo will introduce an automated management system (ERP) on the Microsoft Dynamix AX platform, which will support the reform of centralization of management processes in accounting and financial accounting, procurement, investment planning, budgeting, personnel management and other related areas. According to the company, the contract for the implementation of the ERP system worth UAH 29.017…

Kazakhstan: transit of energy resources to step up cooperation with Azerbaijan

Export of energy resources, including gas and liquefied gas to third countries through the territory of Kazakhstan and Azerbaijan will strengthen the transit cooperation between the two countries, Ambassador Extraordinary and Plenipotentiary of Kazakhstan Beibit Isabayev declared. “Recently we’ve held a meeting of the intergovernmental commission between our countries, where we have approved of a…

Ukraine: Road Fund starts operating

The Road Fund started working in Ukraine on January 1. About UAH 47 billion will be allocated to Ukrainian roads in 2018. “The automobile roads will for the first time receive the government-guaranteed funding. This year, almost UAH 33 billion will be allocated apart from separate additional financing of a number of key highways in…