Kyrgyzstan: financial police promises to put an end to shadow economy

The State Service for Combating Economic Crimes (Financial Police) intends to mobilize all resources to fight against the shadow economy, the head of department Zamirbek Osmonov said. According to him, after broadening of powers the service will start revealing shadow schemes, detecting false bankruptcy facts and pseudo-entrepreneurship, and fighting against smuggling. 90% of the violations…

Ukraine: Energoatom and General Electric Hitachi to study prospects of cooperation

National Nuclear Generating Company Energoatom and General Electric Hitachi, Global Nuclear Fuel will study the prospects of cooperation, the press service of the Ukrainian company has reported. “Energoatom President Yuriy Nedashkovsky, Vice President of General Electric Hitachi in Europe David Powell and Global Nuclear Fuel CEO Amir Vexler held a meeting. At the meeting representatives…

Ukraine: 2016 the year of economic recovery

Ukrainian Prime Minister Volodymyr Groysman stated that 2016 was the year of economic recovery, and industry, construction sector, and agriculture showed the best growth rates. “I would like to emphasize that 2016 marked the resumption of growth of Ukrainian economy. We observed progress in all the economy sectors,” Groysman said. He noted that industry, construction…

Ukraine not purchasing Russian gas for 440 days

Ukraine has not been purchasing gas from the Russian Federation for 440 days already, Ukrainian Prime Minister Volodymyr Groysman said at a Cabinet’s meeting.

“We have been living without Russian gas for 440 days already. This is a matter of our energy independence,” Groysman said. (Ukrinform/Business World Magazine)

Kazakhstan: tenge strengthening temporary

Aivar Baikenov, the Head of Asset Management Divisionof Kazkom Securities commented on the situation with the exchange rate of Kazakhstani tenge. “Tenge strengthening, in our opinion, is only temporary. It was caused by two factors. The first is a favorable and stable situation on the oil market, where we see, in fact, minimal fluctuations in…

Ukraine: air traffic up in January 2017

In January the volume of air operations carried out by Ukrainian airline companies increased by 57.5% in contrast to the same period last year and came to 676.5 thousand passengers. In particular, the volume of international air operations increased by 60.6%, totaling 608.2 thousand passengers, the press service of the Ukrainian State Aviation Administration reports…

Ukraine: NBU divides banks into three groups

The National Bank of Ukraine (NBU) in 2017 divided banks into three groups – state-run banks, banks of foreign bank groups and banks with private capital, the NBU has reported on its website. According to NBU Board decision No. 76-sh dated February 10, the state-run banks group includes banks where the state directly or indirectly…

Ukraine: Polish company to build waste recycling plant in Zakarpattia region

The Polish company Limba has offered design solutions for solid municipal waste recycling plant construction using advanced technologies in Zakarpattia region. This is reported by the press service of Zakarpattia Regional State Administration referring to a relevant cooperation agreement signed by the Polish company’s representatives and the state administration. The technologies offered by the Polish…

Tajikistan: Gazprom suspends exploration of gas fields

Gazprom International, an affiliate of Russia’s state-controlled company Gazprom, has given up the two last licenses for exploration of hydrocarbon fields in Tajikistan. According to information posted on Gazprom International’s website, the company decided to give up licenses for exploration of the Sariqamish and Western Shohambari gas fields in Tajikistan as “no commercial inflow was…