Tashkent, Samarkand and Bukhara plan to introduce a Tax-Free system – a procedure of refunding value-added tax (VAT) paid to foreign nationals for the purchased goods when crossing the border of Uzbekistan, the presidential press secretary Sherzod Asadov has reported. President Shavkat Mirziyoyev said that the volume of retail trade could be increased two or…
President Volodymyr Zelensky suggests that Belgium should join in supporting the European aspirations of Ukraine. “Invited Belgium to join in supporting European aspirations of Ukraine by signing the Declaration. Also invited Belgium investors to participate in infrastructure projects in Ukraine,” Zelensky posted on Twitter. The President’s Office informs that the Head of State held a…
This week, investors are expected to file the first two applications for investment projects totaling $96 million under Ukraine’s Investment Nanny program. “This week, the first two applications for investment projects will be filed. The total sum of investments under these applications exceeds $96 million,” Prime Minister of Ukraine Denys Shmyhal said, opening the 2nd…
A Spanish firm owned by a Chinese state company may be declared the winner of the tender to build a railway bridge over the Neris River, which is part of the Rail Baltica European standard-gauge railway project. Lietuvos Gelezinkeliai (Lithuanian Railways, LTG), the country’s state-owned railway company, is proposing to sign the contract, valued at…
Georgia received $207.3 million from abroad in November, up by 22% YoY, the National Bank of Georgia (NBG) reported. The largest remittance senders were Russia ($34.40 million), Italy ($32.06 million) and the United States ($23.98 million). Overall, the vast majority (95.1%) of all money transfers came from 21 countries, with the volume of transfers from…
At the start of 2022, ferry company Tallink will suspend the Tallinn-Stockholm line for five weeks due to high fees, fuel costs and low passenger numbers. Between January 11 and February 17, 2022 the Estonia-Sweden line will be suspended. Between February 17 and April 8, 2022 one ship will service the route. Tallink CEO Paavo…
A national sovereign fund with an office in Dubai and practically in all financial centers of the world will be opened in Kyrgyzstan, the Chairman of the Cabinet of Ministers Akylbek Japarov has stated at a round table to discuss the draft law on public procurement. He said that he had just returned from the…