The Deposit Guarantee Fund of Ukraine and the World Council of Credit Unions (WOCCU) have signed a memorandum of cooperation aimed at providing a favorable environment for the development of credit unions, the Fund’s press service reports. “On February 2, the Deposit Guarantee Fund and the World Council of Credit Unions (WOCCU) signed a Memorandum…
Latvijas dzelzcels (LDz) subsidiary SIA LDz Cargo has been abusing its dominant position on the railway freight market, as reported by Competition Council (KP). Looking at LDz Cargo’s operations and their compliance with the Competition Law, KP found there were four freight carriers active on Latvia’s railway freight market. However, LDz Cargo has been abusing…
Minister of the Environment Tonis Molder (Center) said he would not rule out using hydrogen and nuclear energy as an alternative to oil shale. Molder noted that while the new government had set its sights on exiting the production of oil shale energy and later oil shale in general as an energy source, the jobs…
State budget looses billions of soms due to flour smuggling, Acting Minister of Agriculture and Land Reclamation of Kyrgyzstan, Tilek Toktogaziev, has announced at a press conference. At least 62 flourmills operated in Kyrgyzstan in 2013. The annual flour production reached 450,000 tons. Only eight flourmills are working in 2020. “We have only 150,000 tons…
Finance Minister of Ukraine Serhiy Marchenko has signed a protocol on amendments to the Ukrainian-Danish Intergovernmental Convention on the Avoidance of Double Taxation, according to the ministry’s press service. The said protocol amends the Convention in order to bring its provisions in line with the OECD Model Tax Convention. In particular, the protocol provides for…
In 2020, Ukraine’s construction output grew by 4% YoY, according to the data provided by the State Statistics Service. In 2020, Ukraine’s total volume of construction products reached UAH 199 billion. Of this amount, new construction amounted to 36.1%, repairs (major and maintenance) totaled 36.9% and reconstruction and technical re-equipment – 27%. In particular, residential…
Uzbekistan forbade importing certain goods to the country. The list includes 529 items of foreign goods and services, which are manufactured by two or more national producers. The move aims at supporting domestic producers and expanding their participation in the public procurement system. The list includes: – Food products – chocolate, waffles, cookies, sunflower oil,…