Ukraine to issue $2 billion in bonds in 2018

Ukraine hopes to receive the next payment of its $17.5 billion IMF program early next year and will aim to issue $2 billion on debt markets in 2018, finance minister Oleksandr Danyliuk declared. Oleksandr Danyliuk said that progress on the International Monetary Fund’s rescue plan depended on establishing a new anti-corruption court, as well as…

Ukraine: Cherkasy’s Azot resumes ammonia and carbamide production

Ukraine’s manufacturer of mineral fertilizers Cherkasy-based PJSC Azot, a part of the Ostchem holding owned by businessman Dmytro Firtash, has resumed the production of ammonia and carbamide after overhauls, according to Ostchem’s press service. “After major repairs, the company has resumed production of ammonia (workshop A-5) and carbamide (workshop M-2),” it wrote on Facebook. In…

Belarus: new taxes shelved till 2020

Current taxes will not be raised and no new taxes will be introduced in Belarus till 2020. The provisions are stipulated by Ordinance No. 7 “On entrepreneurship development”, which the head of state signed on November 23. The ordinance prohibits raising tax rates and introducing new taxes, fees, and duties till 2020. Commercial entities, which…

Ukraine: potential to use alternative energy sources huge

Ukraine has a huge potential to attract alternative energy sources but still does not use it, Vice Prime Minister – Minister for Regional Development, Construction, Housing and Utilities Hennadiy Zubko stated at the ninth international business forum Renewable Energy and Energy Efficiency Industry Modernization in Kyiv on November 23. “Solar energy, wind power, energy production…

Uzbekistan: Korean holding to construct cement plant

South Korean company Evergreen Holdings plans to build a cement plant in Karakalpakstan. A relevant agreement was signed in Seoul between the representatives of “Uzkurilishmaterialary” and the Korean company. The total cost of the project exceeds $300 million. Evergreen Holdings intends to implement it in several stages based on the demand in Uzbekistan and neighboring…

Ukraine: passenger water transportation up in January-October 2017

In January-Octoberwater transport of Ukraine carried 0.5 million passengers, up by 30.2% YoY.

According to State Statistics Committee of Ukraine, total passenger turnover in Ukraine climbed by 0.4%, to 3.851.6 million passengers. (PortNews/Business World Magazine)

Belarus: economy on path of recovery

The recent GDP growth figures point to Belarus’ gradual economic recovery, Director of Alpari Eurasia Alexander Sabodin said during the online conference on November 22. “The transition from the two-year recession to the GDP growth is a sign that the hardest times are behind us,” he said. The expert stated, however, that the country’s economic…

Latvia: deputies invited to repair roads

Latvijas celu buvetajs, which is an association with ties to multiple road and bridge construction companies, invites deputies to support the proposal for the restoration of the State Road Fund, the association’s chairman Andris Berzins reported. “We have asked coalition deputies to admit multiple times that the gradual collapse of roads, especially regional and local…

Kyrgyzstan: 340,000 bottles of counterfeit alcohol found

340,000 bottles of counterfeit alcohol have been found in Kyrgyzstan, press service of the Ministry of Agriculture, Food Industry and Land Reclamation has reported. According to it, the violations were revealed during the planned inspection of the warehouses of Forester LLC by the employees of the Department for Regulation, Control over the Production and Turnover…

Tajikistan: ADB OKs over $50 million financing

The Asian Development Bank (ADB) has disbursed $50.85 million of budget support assistance for the second phase of a program to expand economic opportunities, develop the private sector, and attract investments to Tajikistan. The Bank reported that the program was designed and implemented in collaboration with other development partners. “Creating good jobs through increased private…