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Kazakhstan: FlyArystan getting ready to fly

The launch of Air Astana's low-cost division, FlyArystan was announced in November 2018, Air Astana's press service reported. The new airline has already appointed 90 new staff and is well on the way to the 150 people needed by the time operations commence in a few months time. The new airline will provide a real boost to Kazakhstan's travel and...

Latvia: 55.6% of businessmen complaining about high taxes

Looking at the amount of taxes companies pay, 55.6% of businessmen and CEOs said they were too high, 36.5% said taxes were a bit too high, whereas 7.2% said taxes were as high as they needed to be, according to data from Turiba University's Business Index. Compared to answers provided in 2018, it can be said the level of dissatisfaction...

Ukraine: retail trade turnover in Kyiv up in 2018

Retail trade turnover in the city of Kyiv in 2018 grew by 3.4% YoY, according to the Kyiv City State Administration. "Commodity exports increased by 5.2%, the volume of direct foreign investments into the economy of Kyiv city grew by 3.5%, and capital investments - by 30.6%," Natalia Melnyk, the director of the Administration's Economic and Investment Department, said at...

Ukraine: 19 solar power plants operating in Khmelnytsky region

Some 19 solar power plants with a total capacity of 55 MW operate in Khmelnytsky region, President Petro Poroshenko stated at a meeting of the Regional Development Council in Khmelnytsky region. "There are 19 solar power plants with a total capacity of 55 MW in the territory of Khmelnytsky region," Poroshenko said. In addition, according to the president, a bioheat power...

Kyrgyzstan: budget of Bishkek for 2019 approved

The Bishkek City Council has approved budget of the capital for 2019. The draft budget of Bishkek for 2019 provides for total expenses in the amount of 8,430,022.5 billion soms. At least 807,090 million soms are provided for capital investments. These funds will be spent on the construction of social facilities, completion of the engineering network and funds for the city...

Estonia: Tallink Grupp extends vessel charter agreement

A subsidiary of AS Tallink Grupp, Baltic SF IX Limited and Marine Atlantic Inc, a Canadian company with the state participation therein, have concluded to extend the current charter agreement of MV Atlantic Vision (ex. Superfast IX) for one year, until November 2020, with an option to extend the agreement for an additional two years. The vessel has been on...

Kazakhstan: trade with Malaysia up in 2018

The volume of bilateral trade between Kazakhstan and Malaysia increased almost 4-fold compared YoY and amounted to $478 million in 2018, the Ministry of Foreign Affairs of Kazakhstan reported. Exports from Kazakhstan reached $351.7 million, while imports from Malaysia reached $126.1 million. In 1996, Kazakhstan and Malaysia opened their embassies in Kuala Lumpur and Almaty, respectively. The countries cooperate in the fields...

Ukraine: Deposit Guarantee Fund sells insolvent banks’ assets worth almost UAH 137 million

The Deposit Guarantee Fund last week sold insolvent banks' assets worth UAH 136.82 million, the fund's press service reports. "Last week the assets of 22 banks, which were in the management of the Fund, were sold for UAH 136.82 million," the report says. In particular, UAH 118.82 million was received from the repayment of fund creditors' claims, UAH 17.78 million from...

Ukraine: Deposit Guarantee Fund extends liquidation of another insolvent bank

The Deposit Guarantee Fund of Ukraine has extended the term of liquidation of JSC Commercial Bank Expobank, the Fund's press service reports. "The Executive Directorate of the Deposit Guarantee Fund approved a decision as of March 14, 2019, No.576, to extend the term of liquidation of JSC Commercial Bank Expobank from March 31, 2019 until January 25, 2020 inclusive," reads...

Estonia: 2019 economic growth to fall below 3%

Estonia's 2019 economic growth is forecast to fall below 3%, while rapid wage growth is expected to attract growing numbers of foreign labor, according to the latest economic forecast published by Luminor. "Estonia's strong GDP growth of 3.9% in 2018 is expected to follow a general moderation trend evident in external markets, and fall below the 3% mark in 2019,...