Minimum authorized capital for each newly established commercial bank in Uzbekistan will be 100 billion soums starting from October 1. According to the decree of the country’s President Shavkat Mirziyoyev “On measures to further develop and improve stability of Uzbek banking system”, the banks operating in Uzbekistan must bring their authorized capital, if necessary, to…Details
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The Boryspil International Airport is conducting another round of negotiations with one of the largest European air-carriers, Ryanair, to ensure its entry into the Ukrainian market, Minister of Infrastructure Volodymyr Omelyan reported. “At the moment Ryanair is in the negotiation process with the Boryspil Airport. I hope that these negotiations will be a success, from…Details
The trade turnover between Ukraine and the European Union grew by one third over the first eight months of the current year compared with the same period in 2016, President of Ukraine Petro Poroshenko stated during 14th Yalta European Strategy (YES) annual meeting. “The Deep and Comprehensive Free Trade Area has allowed us to restructure…Details
The supervisory board of Estonian Railways (EVR) authorized the company’s management board to begin the activities necessary for the construction of the Riisipere-Turba section of the future Haapsalu rail link. The company must draw up and coordinate the project’s terms of reference and draft project, carry out an environmental impact assessment and construction engineering study…Details
Minister of Finance Toomas Toniste (IRL) said that increased economic growth, which is increasing revenues to the state budget, should not mean an increase in expenditures. “My wish is that next year, when revenues increase, we do not increase spending,” Toniste said at the government press conference. “This will generate additional funds and we will…Details
The amount of currency purchased by Uzbekistan’s banks since the introduction of free currency conversion on September 5 exceeded $300 million, according to the country’s Central Bank. Of the total amount of the purchased currency, more than $200 million was sold to the population via currency exchange offices and $100 million was received from exporters.…Details
Prices for consumer goods and tariffs for services in Azerbaijan increased by 0.2% MoM in August, the country’s State Statistics Committee reported. Prices for foodstuff increased by 0.3%, while the prices for non-food goods – by 0.1%. The cost of paid services increased by 0.2%. In January-August prices for consumer goods and tariffs for services…Details