Uzbekistan: GDP exceeding 199 trillion soums in 2016

In January-December 2016, according to preliminary data of the State Statistics Committee, the volume of gross domestic product (GDP) in current prices amounted to 199325,1 billion soums, while the growth in comparison with January-December 2015 made up 7.8%. GDP growth was mainly influenced by following economic activities: construction (112.5%), trade, accommodation and food (113.4%), transportation…

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Ukraine: retail trade up in January 2017

In January retail trade turnover in Ukraine increased by 3% YoY, the Ukrainian State Statistics Service reports. “In January retail trade turnover increased by 3.1% YoY, but dropped by 16.4% MoM,” the report states. The highest increase in retail trade turnover was recorded in Sumy region (9.7%), Kirovohrad region (8.6%), Vinnytsia region (7.7%), the city…

Tajikistan: Somon Air sales manager fired

Following internal examination of the situation that led to the breakdown of the first regular flight between Dushanbe and Tashkent, the Somon Air sales manager Alisher Rustamov and other persons responsible for the breakdown of the flight have been fired and Somon Air has offered official apologies to Uzbek partners. An official statement released by…

Kyrgyzstan: government to finance start-ups

The government of Kyrgyzstan is developing a roadmap for business support. Possibility of start-ups financing is considered within the program, Deputy Economy Minister Daniyar Imanaliev announced. According to him, the program provides for the creation of additional financial instruments, in order for the businessmen to receive more support. In addition, the government is going to…

Kyrgyzstan: 45 mobile slaughterhouses needed to export more meat

Kyrgyzstan shall create 45 mobile slaughterhouses in order to provide the planned large volumes of production and export of meat, Deputy Economy Minister Daniyar Imanaliev said. According to him, the government is currently developing a mechanism for concessional lending of export-oriented and import-substituting enterprises. In addition, Kyrgyzstan needs buffer infrastructure for the collection, logistics and…

Ukraine: car imports down in 2016

In 2016 Ukraine imported almost 122,954 motor vehicles, totaling more than $1.9 billion. This is reported by UkrAutoprom (Ukrainian Motor Vehicle Manufacturers Association) on its website. In contrast to the previous year, Ukraine’s car imports increased by one third in 2016, while foreign currency expenses for their purchase rose by 74%. Most imports consisted of…

Uzbekistan: airways to fly to Burgas and Barcelona

Uzbekistan Airways is planning to launch charter flights to Burgas and Barcelona this summer. Charter flights aim at popularizing and realizing Uzbekistan’s tourism potential on Bulgaria and Spain’s markets. Recent charters to Bulgaria in summer 2016 and the Maldives in winter 2016-2017 have brought more foreign tourists to Uzbekistan and showed that Uzbek citizens were…