Procurement of construction works and services in Belarus will be exercised by the means of contract tendering starting on January 1, 2017, in accordance with President Lukashenko’s ordinance No. 380 dated October 20. Contract tendering will be a mandatory procedure if the cost of construction services is equal to or exceeds 6,000 basic units (Br126,000…
Belarus and Poland intend to step up cooperation in matters concerning investments and privatization, the press service of the State Property Committee of Belarus reported. On October 25, the Committee’s Chairman Andrei Gayev met with Deputy Development Minister of Poland Radoslaw Domagalski-Labedzki. The Deputy Development Minister of Poland emphasized the importance of smooth cooperation between…
Barqi Tojik (Tajikistan’s national integrated power company) says they raise rates in order to maintain the country’s power system in a working order. A statement released by Barqi Tojik, in particular, notes that electricity prices will rise on average by 16.5% beginning on November 1. They reportedly raise electricity prices also in order to recoup…
If signed, an agreement with the International Monetary Fund (IMF) will increase investment in Moldova. That’s according to the Governor of the National Bank of Moldova (NBM), Sergiu Cioclea. According to him, as soon as Moldova signs an agreement with the IMF, funding and grants from various international organizations and private investors will come in…
Business development and its support are among the priorities of successive reforms in the country. According to “Doing Business 2017: Equal Opportunity for All” rating, published by World Bank on October 25, Uzbekistan has been placed 87th among 190 countries, having retained its previous year position. World Bank experts have raised the position of Uzbekistan…
The number of employed in the economy of Uzbekistan in January-September amounted to 13289,3 thousand, having increased by 1.8% YoY. The number of people employed in the public sector amounted to 18.1% of total employment (in 2015 – 18.3%), in the private sector – 81.9% (81.7%), according to the State Statistics Committee. The share of…
Public joint-stock company Ukrnafta saw 427 million UAH of net profit in January-September, down by 89.5% YoY, the company has said in a report. According to Board Chairman Mark Rollins, the indicator for January-September should be revised for the correct calculation of the profit pace. The cross clearing transaction is to be taken into account;…