President of Kazakhstan Kassym-Jomart Tokayev has delivered his annual state-of-the-nation address highlighting seven key principles of the new economic course Kazakhstan is set to embark in the nearest future. Seven key principles of Kazakhstan’s new economic course are as follows: equitable distribution of wealth and responsibilities, leading role of private entrepreneurship through support and development…
The volume of trade turnover between Azerbaijan and Kyrgyzstan increased by 55% YoY during the first half of 2020, the National Statistical Committee reported. According to the statement, the volume of trade turnover amounted to $3.5 million during the reporting period. The volume of export amounted to $2.7 million, while import – to 0.8 million.…
The majority of residents in Latvia (72%) believe the priority to assist with development of new businesses in Latvia is tax benefits, according to a survey performed by the Investment and Development Agency of Latvia Norstat Latvija as part of the innovative business ideas contest. Meanwhile, 53% of respondents admit one of the most useful…
Ukrainian Locomotive Building Company LLC plans to occupy up to 10% of freight rail traffic in Ukraine over the next five years, Technical Director of the company Volodymyr Krot has said. “I think that the nearest ambitions of our company, which can be set for ourselves, are up to 10% of the freight rail transportation…
Ukrainian state banks in the first half of 2020 wrote off non-performing loans (NPLs) worth UAH 26 billion at the expense of reserves and restructured such loans worth UAH 2.6 billion, the Ministry of Finance reported. To reduce the share of NPLs, state-owned banks also filed 29,000 new claims to collect debts for a total…
Georgia has already exported 1,334 tons of hazelnuts this year – twice as much as the country exported in the same period of last year, said the Georgian Ministry of Agriculture. The major European countries to which Georgia has exported hazelnuts are: Germany – 350 tons, Italy – 289 tons, the Czech Republic – 110…
In April-June, compared to Q2 2019, gross domestic product (GDP) decreased by 8.9% (according to seasonally and calendar non-adjusted data). In the first half of the year GDP reduced by 5.4%. In Q2, GDP at constant prices was EUR 6.9 billion. As compared to the previous quarter, GDP fell by 6.5% (according to seasonally and…