Belarus considering barter trade with Sudan and Egypt

Belarus, Sudan and Egypt are considering the possibility of using mechanisms of non-monetary discharge of foreign trade obligations in mutual trade, the State Property Committee reported. Representatives of the National Bank of Belarus, Belarusbank, and GO Belresursy held talks in Khartoum and Cairo. The parties agreed that non-monetary discharge of obligations in the export of…

Kyrgyzstan: trade with Bashkortostan to increase

The head of Bashkortostan Rustem Khamitov spoke in favor of an increase in trade with Kyrgyzstan. According to him, the Kyrgyz and Bashkir peoples are linked by common national roots, rich history of the Turkic world, a single spiritual culture. This gives the Bashkir-Kyrgyz relations a particularly friendly, allied character. “The development of relations with…

Ukraine: government approves agreement on cooperation in railway transport area with Serbia

Ukraine’s Cabinet of Ministers has approved an agreement on cooperation in the railway sphere signed by the Cabinet and the government of Serbia in Belgrade in June 2013. According to an explanatory note to the document, its endorsement would create a reliable international legal tool for implementing and stepping up bilateral intergovernmental relations, the conditions…

Latvia to introduce electronic working time tracking in construction

Saeima’s Budget and Finance Commission has expressed unanimous conceptual support for amendments to the Law on Taxes and Duties. These amendments provide for the introduction of electronic working time tracking system in construction, Saeima’s press-service reported. Finance Minister Dana Reizniece-Ozola told members of the Saeima that a solution for electronic working time tracking was achieved…

Belarus: Israel shows appetite for food

Israel is interested in buying Belarusian food, Ambassador Extraordinary and Plenipotentiary of Israel to Belarus Alon Shoham reported. The ambassador noted that Israel grew increasingly interested in buying organic food. “We believe that Belarusian products offer very good quality. We believe that Belarusian foods are organic and up to high standards. We are considering the…

Ukraine: Auchan acquires Caravan supermarket chain

Auchan Retail Ukraine, which operates a chain of 11 hypermarkets in Kyiv, Lviv, Odessa, Zaporizhia, and Kryvy Rih, signed an agreement with the Ukrainian distributor Caravan on the acquisition of its assets, namely nine Ukrainian-based hypermarkets, which employ 3,300 people. “Auchan Retail Ukraine will strengthen its presence in Kyiv, and will also be present in…

Ukraine: trade turnover with Hungary up

Last year, the trade turnover between Ukraine and Hungary grew after the fall in 2015 and amounted to $3 billion, Hungarian Extraordinary and Plenipotentiary Ambassador to Ukraine Erno Keskeny said during a roundtable in Kyiv on the topic “The Hungarian factor in domestic policy of Ukraine”. “We have a high trade turnover. Of course, it…