S&P Global Rating (S&P) has assessed the banking system of Ukraine as highest-risk system under its Banking Industry Country Risk Assessment (BICRA), S&P has said in its report. “The economic risk in the Ukrainian banking system remains one of the highest in a global comparison, as reflected in our score of ’10’ (the highest-risk systems),…
If Kyrgyzstan hadn’t joined the Eurasian Economic Union, the GDP growth of the country by the end of 2016 would have hardly amounted to more than 0.1%, Vice Prime Minister of Kyrgyzstan Oleg Pankratov said. According to him, integration blocks will play the main role on the world stage in the near future. At the…
To neutralize the negative tendency after Kyrgyzstan’s accession to the Eurasian Economic Union, it is needed to switch to e-document management as soon as possible, the head of the Chamber of Tax Consultants Tatyana Kim announced. Tatyana Kim cited as a negative example the large flow of unaccounted goods through the Kyrgyz-Kazakh border. The volume…
President of Kyrgyzstan Almazbek Atambayev signed a law on the introduction of online registration of real estate, Information Policy Department of the President reported. Changes relate to Article 18 of the law and introduce a norm that the local registration authorities also accept applications in online mode in the manner, determined by the government of…
The State Service for Combating Economic Crimes (Financial Police) intends to mobilize all resources to fight against the shadow economy, the head of department Zamirbek Osmonov said. According to him, after broadening of powers the service will start revealing shadow schemes, detecting false bankruptcy facts and pseudo-entrepreneurship, and fighting against smuggling. 90% of the violations…
The initiative of Ukrzaliznytsia to increase the cargo transportation tariffs by rail in 2017 by 25% is unreasonable now, the tariffs should be increased no earlier than summer and the percentage by which they will be increased should be set much lower, the head of the Verkhovna Rada committee on industrial policy and entrepreneurship Viktor…
National Nuclear Generating Company Energoatom and General Electric Hitachi, Global Nuclear Fuel will study the prospects of cooperation, the press service of the Ukrainian company has reported. “Energoatom President Yuriy Nedashkovsky, Vice President of General Electric Hitachi in Europe David Powell and Global Nuclear Fuel CEO Amir Vexler held a meeting. At the meeting representatives…