Turkmenistan opens trade house in Afghanistan

The opening of the “Turkmenistan” trading house has taken place in Mazar-i-Sharif city of the Afghan province of Balkh. The project was implemented by the Union of Industrialists and Entrepreneurs of Turkmenistan together with Afghan private companies with the assistance of state structures of the two countries. The opening ceremony was attended by heads of…

Latvia: retail trade turnover up in July 2017

Compared to July 2016, the total retail trade turnover rose by 3.9% in July 2017. Turnover of retail trade in food products increased by 4.6%, and turnover of retail trade in non-food products grew by 3.3%. The most significant turnover growth in non-food product group was recorded in retail sale of information and communication equipment…

Latvia: number of debtors to SRS increasing

The number of companies that are indebted to State Revenue Service continues to increase. Since May there has been an increase in the number of people engaged in business activities, as well as the number of debtors to SRS, according to data from the Credit Information Bureau. CIB’s database has information about 44,000 businesses’ and…

Ukraine: NBU allows providing hryvnia loans against collateral of foreign currency on customers’ accounts

The National Bank of Ukraine (NBU) has allowed banks to provide loans in domestic currency against the collateral of foreign currency on customers’ accounts. This has been reported by the press service of the central bank. “As part of further relaxations of anti-recessionary foreign exchange restrictions, the National Bank of Ukraine has allowed banks to…

Latvia: requirement for purchase of land not discriminating towards EU citizens

The law that provides stricter language requirements for procurement of agriculture land is not discriminatory towards citizens of other European Union member states, says Latvian Agriculture Ministry, commenting on complaints submitted to EC center for setting conflicts Solvit by foreign businessmen in relation to the requirements imposed by Latvia on privatization of land. “According to…