In order to promote and develop the only state-owned airline – Air Kyrgyzstan JSC – Parliament of Kyrgyzstan intends to include it in the list of state assets to be privatized. Foreign companies are interested in acquiring a controlling stake, i.e., more than 51% of the shares. Such an example is Air Astana airline, where…
Inflation rate in Kazakhstan hit 8.5% in January-December 2016, Statistics Committee of the Ministry of National Economy of Kazakhstan reported. Food prices have increased by 9.7%, non-food items’ prices have gone up by 9.5%, and paid services’ prices have increased by 6.1% since early 2016. In December 2016 the inflation rate was 0.9%. Food prices…
Ukraine’s Security Service (SBU) has raided an enterprise and notified five persons that they were suspected of seizing the property of the holding. The raid was part of an investigation into a criminal case related to the illegal seizure of one of the agroholding companies. “SBU raided several enterprises in a criminal case under Part…
Asef Namazov, a member of the Supervisory Council of the Bank Respublika OJSC, has been appointed chairman of the bank’s Executive Board, the bank said in a message. On this post, Namazov succeeded Khadija Hasanova, who has become a member of the Supervisory Council of the Bank Respublika OJSC. Bank Respublika has been operating in…
Habil Mammadov and Sarkhan Mammadov have been appointed heads of new departments at the Azerbaijani Ministry of Taxes, says a message on the ministry’s website. Habil Mammadov was appointed the director general of the Special Revenues Department and Sarkhan Mammadov was appointed the director general of the Baku City Department for work with small entrepreneurs.…
Public joint-stock company Ukrtransgaz has permitted national joint-stock company Naftogaz Ukrainy and private enterprise ERU Trading to participate in a tender to buy 2.5 billion cubic meters of gas for industrial needs, according to a report in the ProZorro e-procurement system. The expected cost of gas is 17.048 billion UAH. Bids from UICE Group, Naftogazgroup…
Public joint-stock company Ukrtransnafta has made arrangements with public joint-stock company Ukrtatnafta (Kremenchuk oil refinery) on the transshipment of Urals crude oil pumped from the Odessa-Kremenchuk oil pipeline to railway tankers to transport it and pump it to the second line of the Druzhba oil pipeline, First Deputy Director General of Ukrtransnafta Andriy Pasichnyk has…