Kyrgyzstan: state debt up in Q1 2017

The state debt of Kyrgyzstan grew by $95 million in the first quarter of 2017 and updated the historical maximum, the Ministry of Finance of the Kyrgyz Republic reported. Of March 31, its size was $4,160 billion, or 285,461,89 billion soms. The external debt formed in the amount of $3,803.97 billion (260,978,59 billion soms), and…

Ukraine: Ukrzaliznytsia bans cargo traffic and transit in wagons owned by Russian companies

PJSC Ukrzaliznytsia has introduced a ban on transportation of all types of cargo and empty wagons, including transit through the territory of Ukraine, for a number of owner companies from the Russian Federation. According to company decree Ts-2/101 dated May 18, transportation is prohibited in the wagons of Sberbank Leasing, SG Trans, NefteTransService, Freight One,…

Latvia: unemployment rate at 9.4% in Q1 2017

In Q1 the Latvian unemployment rate constituted 9.4%. Compared to the previous quarter, the unemployment rate increased by 0.1%, whereas, compared to the same period of the year before, the rate reduced by 0.9%. In Q1 91.3 thousand people aged 15-74 were unemployed, which is 10.3 thousand fewer than a year ago and 0.5 thousand…

Latvia: micro-enterprise tax creates serious defects

The micro-enterprise tax has created serious defects for Latvia’s tax system, said Fiscal Discipline Council chairman Janis Platais. “It has caused very serious defects to our tax system. It suffocates growth. It acts against the tax neutrality principle, when taxes should not stimulate one or the other form of business,” Platais said. He believes Latvia…

Ukraine: retail trade up in January-April 2017

Retail trade in Ukraine rose by 5.8% YoY in January-April in comparable prices, to UAH 226.749 billion, or $8.6 billion, according to the State Statistics Service’s website. Retail turnover increased the most in Kirovohrad region (by 9.3%, to UAH 4.37 billion), Lviv region (by 9.2%, to UAH 13.1 billion), Poltava region (by 8.4%, to UAH…

Tajikistan: capital mayor’s office takes efforts to curb rise in basic food prices at markets during Ramadan

The Dushanbe mayor’s office is taking efforts to curb rise in prices of basic food products during the Islamic holy month of Ramadan, according to the Dushanbe administration press center. By Dushanbe mayor’s decree merchants and farmers selling their products at Dushanbe’s Dehqon, Shohmansour and Sakhovat bazaars will be exempt from paying one-time fee, a…

Ukraine capable of over 10% of annual growth

The implementation of the Sustainable Development Doctrine will allow Ukraine to achieve the level of Western countries by 2030 and ensure an annual growth of 10%, Ukrainian parliamentarian Serhiy Taruta said while presenting the publication titled “Ukraine 2030: The Doctrine of Sustainable Development.” The parliamentarian who is the author of the idea of writing the…

Ukraine: retail trade up in January-April 2017

Retail trade in Ukraine in January-Apri posted a 5.8% increase YoY, according to the State Statistics Service of Ukraine. The highest increase in retail trade was recorded in Kirovohrad, Lviv, Poltava, Odessa, and Zhytomyr regions. In particular, Kirovohrad region saw a 9.3% increase, Lviv region boosted retail trade by 9.2%. Retail growth in Poltava region…

Uzbekistan and Turkmenistan reach agreement on electricity transit

Uzbekistan’s state power company Uzbekenergo and Turkmenistan’s Ministry of Energy signed a memorandum envisioning cooperation in the transit of electricity from Turkmenistan to Kazakhstan and Kyrgyzstan through Uzbekistan’s power grid. The memorandum was signed during Uzbek president’s working visit to Turkmenistan. Under the terms of the memorandum, Turkmenistan will deliver electricity to Uzbekistan in exchange…

Kyrgyzstan: 14 small HPPs to be built

The State Committee for Industry, Energy and Subsoil Use of the Kyrgyz Republic announced a tender for the right to build small hydro power plants. Legal entities of Kyrgyzstan, as well as foreign legal entities can participate in the tender. In case a foreign legal entity is chosen the winner of the tender (prior to…

Latvia: FVS uncovers illegal sheep meat product trade

Inspecting an advertisement published on Facebook, Latvian Food and Veterinary Service uncovered illegal trade of sheep meat, canned meat storage and meat product distribution organized in an office building on Selpils Street, Riga. Upon performing a control purchase, inspectors found that tins with meat were either not labeled or improperly labeled, making it impossible to…

Ukraine: Kyiv city signs memo on building fourth subway line with Chinese consortium

Kyiv City Administration has signed a memorandum of cooperation with a Chinese consortium, consisting of China Railway International Group and China Pacific Construction Group, for the implementation of a project to build the fourth subway line in the city. According to a posting on the administration’s website, Deputy Head of Kyiv City Administration Mykola Povoroznik…

Ukraine: Urga airline placed on EU Air Safety List of non-European airlines not meeting standards

The European Commission has placed Ukraine’s Urga Airline (Kropyvnytsky) on the EU Air Safety List of non-European airlines that do not meet international safety standards and are therefore subject to an operating ban or operational restrictions within the European Union. According to a press release of the European Commission, the company is placed on the…

Belarus: Tajikistan interested in assembling MTZ cotton-farming tractors

Tajikistan is interested in assembling cotton-farming tractors made by the Belarusian company MTZ, representatives of the company declared after a delegation of the Tajikistan government visited the enterprise. The Tajikistan government is considering organizing the joint production of tractors. The tractors may then be sold not only in Tajikistan but also in the entire Central…

Kyrgyzstan: road construction difficult

It is difficult to build roads in Kyrgyzstan, so aviation is needed, the Minister of Transport and Roads Zhamshitbek Kalilov said. According to him, the ICAO leadership for the first time pays an official visit to Kyrgyzstan. “We understand that it is extremely important for a mountainous country to pay attention to air traffic. This…