Ukraine: aquaculture safety project to be launched

The aquaculture safety project is funded by the government of Norway and is implemented in partnership with the Agrarian Policy and Food Ministry of Ukraine and covers legislative support in fisheries, as well as access to international market, the press service of the Food and Agriculture Organization (FAO) reported. “The project implementation will contribute to…

Belarus to intensify WTO accession process

Belarus needs to intensify its accession to the World Trade Organization (WTO), Belarus’ Minister of Foreign Affairs Vladimir Makei said. “We need to remove as many barriers as we can in advancing our products to all the markets. We need to intensify (and we have been working hard) on our country’s accession to the World…

Azerbaijan: Saudi Arabia keen to establish broad trade and economic cooperation

A large delegation from Saudi Arabia, which will include representatives of both, state structures and the private sector, plans to visit Azerbaijan in October. Azerbaijan and Saudi Arabia enjoy successful cooperation in a number of areas and have fruitful bilateral cooperation within international organizations. During the upcoming meeting of the intergovernmental commission on trade and…

Ukraine: vehicles output up in H1 2017

Production of motor vehicles in Ukraine rose by 72.8% YoY in January-June, to 3,621 units, according to the Ukrautoprom Association. In particular, production of passenger cars grew by 88.3%, to 3,078 units, while the output of commercial vehicles shrank by 49.3% YoY, to 206 units. At the same time, the number of buses produced over…

Belarus: inflation to go down to 5% soon

The inflation rate in Belarus can be reduced to 5% in the near future, Economy Minister Vladimir Zinovsky reported. “The inflation target for 2017 is under 9%. However, the consumer price index rose at a slower pace, which gives reason to expect the inflation to trend around 7%. The most important thing is to make…

Uzbekistan: banks entitled to carry out transactions on foreign exchange market at market exchange rate

The transactions on purchase and sale of foreign currency between the authorized banks and their clients were carried out at the average exchange rate fixed in interbank trading sessions held in Uzbekistan during the previous week. By its resolution the Uzbek government abolished this procedure. According to the decision of the country’s Cabinet of Ministers,…

Ukraine: Boryspil Airport resumes talks with Ryanair in new format

Boryspil International Airport is resuming negotiations with the Irish low-cost airline Ryanair in a new format, the airport’s director general, Pavlo Riabikin, has reported on Facebook. “I have met with representatives of the country’s leading television media. Such interaction with journalists helped deeply consider urgent issues without unnecessary emotions. I’m confident that we managed to…

Azerbaijan: June 2017 deflation reaches 1%

The prices of consumer goods and tariffs for services decreased by 1% in Azerbaijan in June compared to May, the country’s State Statistics Committee said. The prices of foodstuffs decreased by 2.5% during the reporting period, while the prices of non-food items and paid services increased by 0.1%. The prices of consumer goods and tariffs…

Ukraine: gas transit down from July 11, 2017

Transit of Russian natural gas through Ukraine’s gas transportation system (GTS) has fallen by 24.7% since July 11, according to live data from Ukrtransgaz. If on July 1-10 the average daily transit through the Ukrainian GTS amounted to 256.7 million cubic meters, on July 11 a drop to 193.4 million cubic meters was witnessed. At…

Kyrgyzstan: alcohol excise duty to grow

The Ministry of Economy proposes to raise the excise tax on all alcohol in Kyrgyzstan by 10 soms. The ministry submitted the draft government resolution for discussion. The background statement to the document says that excise tax rates for wine stock, wine, cognac and sparkling wine remained unchanged since March 2013, beer – since June…