An auction on the placement of short-term notes with the total amount of five million mantas of Azerbaijan’s Central Bank was held at the Baku Stock Exchange (BSE). The bonds’ maturity is 27 days, according to the BSE. Applications worth about 3.51 million manats were submitted by two investors. The applications were within the price…
DetailsAzerbaijan is holding negotiations to create pharmaceutical plants jointly with Turkish and Ukrainian companies, Shahin Mustafayev, Azerbaijani economy minister and chairman of the country’s Tariff (price) Council, said. Mustafayev noted that currently those Turkish and Ukrainian companies were preparing business plans and documents on technical justification of their projects. “Meanwhile, work is being carried out…
DetailsIn 2016 Ukraine exported $152.063 million worth of electricity, in particular $14.278 million in December 2016. According to the State Fiscal Service, electricity delivered to Hungary amounted to $119.317 million last year, to Poland to $32.392 million, Moldova to $347,000, and other countries to $7,000. Thus, in money terms exports of Ukrainian electricity last year…
DetailsFight against poverty is the biggest challenge for the Ukrainian government, Prime Minister of Ukraine Volodymyr Groysman said. “What is our biggest challenge now? The biggest challenge is the fight against poverty. We must overcome the poverty in our large country”, Groysman said. The head of government stressed that “on the one hand, we need…
DetailsIn December 2016 Belarus’ gold and foreign currency reserves rose by $88.9 million if calculated in accordance with methods of the International Monetary Fund. According to preliminary data, the reserves totaled $4.927 billion as of January 1, 2017, the Information and PR Department of the National Bank of the Republic of Belarus reported. In national…
DetailsThe Brest Office of the Belarusian Chamber of Commerce and Industry (BCCI) is organizing a business visit to the 7th international exhibition TSW 2017 that is due to take place in Warsaw on January 11-12, head of the foreign economic cooperation department of the BCCI Office in Brest Yelena Pivnik reported. A group of representatives…
DetailsUkraine’s Finance Ministry at the end of 2016 additionally injected 107 billion UAH into PrivatBank (Dnipro), Fitch Ratings has said in a press release. At the end of 2016 Fitch Ratings downgraded ratings of the financial institution. Fitch said that in December 2016 the Finance Ministry paid 107 billion UAH for shares of PrivatBank. The…
DetailsA full round of talks on Belarus’ accession to the World Trade Organization will be held in January, reads the review of Belarus’ foreign policy and the activities of the Ministry of Foreign Affairs in 2016. “The negotiations on Belarus’ accession to the World Trade Organization have been intensified pursuant to the instructions of the…
DetailsThe President of Uzbekistan Shavkat Mirziyoev adopted a resolution “On measures on implementation of the “Construction of Sergeli metro” project.” The document was adopted in order to improve the transport infrastructure of the Tashkent city, develop and extend metro lines, increase passenger traffic in the metro and reduce the workload of the ground public transports…
DetailsThe National Bank of Ukraine (NBU) has revised requirements to anonymity of applications of participants during the placement of government domestic loan bonds, the central bank has reported. Amendments to the rules of holding transactions related to the placement of government domestic loan bonds were approved by the Finance Ministry. They are outlined in NBU…
DetailsThe tariff for natural gas for the population of Kyrgyzstan in January is set at 14.48 soms per cubic meter, the press service of Gazprom Kyrgyzstan LLC reported. Industrial enterprises, businesses, and government organizations, will pay 17.75 soms per cubic meter including VAT and sales tax, excluding sales tax – 17.59 soms. The tariff is…
DetailsIn order to promote and develop the only state-owned airline – Air Kyrgyzstan JSC – Parliament of Kyrgyzstan intends to include it in the list of state assets to be privatized. Foreign companies are interested in acquiring a controlling stake, i.e., more than 51% of the shares. Such an example is Air Astana airline, where…
DetailsInflation rate in Kazakhstan hit 8.5% in January-December 2016, Statistics Committee of the Ministry of National Economy of Kazakhstan reported. Food prices have increased by 9.7%, non-food items’ prices have gone up by 9.5%, and paid services’ prices have increased by 6.1% since early 2016. In December 2016 the inflation rate was 0.9%. Food prices…
DetailsUkraine’s Security Service (SBU) has raided an enterprise and notified five persons that they were suspected of seizing the property of the holding. The raid was part of an investigation into a criminal case related to the illegal seizure of one of the agroholding companies. “SBU raided several enterprises in a criminal case under Part…
DetailsAsef Namazov, a member of the Supervisory Council of the Bank Respublika OJSC, has been appointed chairman of the bank’s Executive Board, the bank said in a message. On this post, Namazov succeeded Khadija Hasanova, who has become a member of the Supervisory Council of the Bank Respublika OJSC. Bank Respublika has been operating in…
DetailsHabil Mammadov and Sarkhan Mammadov have been appointed heads of new departments at the Azerbaijani Ministry of Taxes, says a message on the ministry’s website. Habil Mammadov was appointed the director general of the Special Revenues Department and Sarkhan Mammadov was appointed the director general of the Baku City Department for work with small entrepreneurs.…
DetailsPublic joint-stock company Ukrtransgaz has permitted national joint-stock company Naftogaz Ukrainy and private enterprise ERU Trading to participate in a tender to buy 2.5 billion cubic meters of gas for industrial needs, according to a report in the ProZorro e-procurement system. The expected cost of gas is 17.048 billion UAH. Bids from UICE Group, Naftogazgroup…
DetailsPublic joint-stock company Ukrtransnafta has made arrangements with public joint-stock company Ukrtatnafta (Kremenchuk oil refinery) on the transshipment of Urals crude oil pumped from the Odessa-Kremenchuk oil pipeline to railway tankers to transport it and pump it to the second line of the Druzhba oil pipeline, First Deputy Director General of Ukrtransnafta Andriy Pasichnyk has…
DetailsEstonia’s sweeping administrative reform continues, as local governments were asked to agree on mergers so that no less than 5 thousand would live per municipality. The aim of the reform is to cut the number of local governments from 231 to 75. 160 out 213 local councils have merger agreements lined up as the first…
DetailsAmbassador Extraordinary and Plenipotentiary of Belarus to Pakistan Andrei Yermolovich met with Tariq Fatemi, Minister of State for Foreign Affairs, Special Assistant to the Prime Minister of Pakistan, to discuss a wide range of matters of bilateral cooperation and review the status of implementation of the agreements signed during top-level visits, the press service of…
DetailsThe international financial reporting standards (IFRS) and international accounting standards (IAS) are now in effect in Belarus. The step is stipulated by the joint resolution issued by the Council of Ministers of Belarus and the National Bank of the Republic of Belarus on December 30, 2016. In line with resolution No. 1119/35 a number of…
DetailsBringing order at the customs provided the receipt of an additional 18 billion UAH to the national budget of Ukraine in 2016, including a record high overfulfillment in December 2016 for 4 billion UAH, Prime Minister Volodymyr Groysman has said. “Solution of one of the problems last year was bringing order at the customs. Our…
DetailsWheat exports from Kazakhstan continued growing in November 2016. Kazakh wheat exports totaled 415.3 KMT in the third month of the season, up by 25% YoY. In Q1 2016/2017 (September-November) Kazakhstan exported 33.5% more wheat than at the same time last season: 1223.2 KMT and 915.9 KMT respectively. The most active exports of Kazakh wheat…
DetailsThe Belarusian mechanical engineering company Amkodor will raise its output by 65-70% in 2016 over 2015, the press service of the enterprise quoted Amkodor’s Deputy Director General for Economy and Finance Yelena Maximova as saying. “We have shown very good results in 2016. As against 2015, the industrial output went up by 65-70%. We ensure…
DetailsThe Uzbek government set new tax rates for property owned by individuals on January1, 2017 under the Presidential Decree ‘On forecasts for major macroeconomic indicators and parameters for state budget of the Republic of Uzbekistan for 2017′. The property tax (residential houses, flats, countryside houses, garages, and other premises) rose from 1.5% to 1.7%, except…
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