PrivatBank since January 1, has paid off UAH 2.385 billion of funds received as refinancing credits from the National Bank of Ukraine (NBU) and paid UAH 215.752 million of interest. According to Deputy Board Chairman of PrivatBank Halyna Pakhachuk, current general amount of refinancing credits issued by NBU to PrivatBank totals UAH 15.516 billion. (Ukrinform/Business…
DetailsSund’Or airline, the subsidiary of El Al airline (Israel), from June 26, will launch direct flights on the Odessa-Tel-Aviv route. The press service of the airline reported that the flights would be serviced twice a week – on Mondays and Fridays using aircraft of the Boeing 737-800 type. Departure from Odessa is at 09:45 and…
DetailsThe National Bank of Ukraine (NBU) should gradually quit the tough monetary and credit policy and apply smoother monetary tools to provide for the development of the national economy, Head of the NBU Council Bohdan Danylyshyn has said. “The right monetary and credit policy is the third element of the economic growth. I think that…
DetailsThe American-Uzbek Chamber of Commerce held its regular meeting. Representatives of some 30 major US companies, including General Motors, General Electric, Caterpillar discussed the current state and priority directions of economic and investment cooperation, aimed at further strengthening mutually beneficial business relations between Uzbekistan and the United States. The Uzbek side at the meeting was…
DetailsPopulation of Kyrgyzstan will pay 14.46 soms per cubic meter of gas in February, the press service of Gazprom Kyrgyzstan LLC reported. Industrial enterprises, commercial entities and budget organizations will pay 17.72 soms per cubic meter including VAT and sales tax, excluding sales tax – 17.57 soms. The tariff is calculated at dollar exchange rate…
DetailsBishkekgaz announced a campaign to write off fines of population, the press service of Gazprom Kyrgyzstan LLC reported. According to it, the campaign will take place from February 1 till March 31. Only residential subscribers (population) may participate in it. Upon the redemption of all the principal debt as of February 1, the branch of…
DetailsReference pricing will be introduced in Ukraine from April 1, along with the introduction of the medicine reimbursement program. The decision was made at a government meeting. “After analyzing the preparatory work to introduce regulation, holding consultations with manufacturers and market players, it was determined the proper execution of the regulation required a longer transitive…
DetailsIn 2016 the joint index of costs for production of agricultural commodities in Ukraine increased by 13.5% YoY, the State Statistics Service of Ukraine informed. In particular, the costs for plant growing commodities production raised by 10.6% YoY, and animal commodities – by 20.9%. The cost index for materials and equipment of industrial origin used…
DetailsFinancial news agency Cbonds has published the list of issues and public placements conducted in local bond markets of South Caucasus countries in 2016. Ameriabank is thus leading the Armenian banks, having placed three issues of bonds with a total sum of $22 million (7.12% market share in the South Caucasus). Moreover, not the dimensional,…
DetailsIn January tariff quotas of the European Union on Ukrainian wheat exports have been used by 70%, according to Zerno Online Agency. “This week the EU committee approved of licenses for imports of another 83.593 thousand tons of Ukrainian wheat in 2017 under the agreement on tariff quotas. Thus, the Ukrainian quota on wheat has…
DetailsUkraine’s National Commission for Energy, Housing and Utilities Services Regulation (NCER) turned down a draft resolution on raising heat and hot water tariffs for industrial consumers. The draft resolution suggested establishing a tariff of UAH 1,471.56/Gcal for industrial consumers, up by UAH 102.46, or by 7.48% from the current rates. The Commission also planned to…
DetailsUkraine’s Energy and Coal Industry Ministry has asked international financial institutions (IFIs) to help reform corporate management at national energy company Ukrenergo, the ministry has reported on its website. “Minister Ihor Nasalyk asked leading IFIs (EBRD, EIB, World Bank) to support changes in the Ukrainian systemic operator Ukrenergo in line with common international standards,” the…
DetailsActive investment policy in the past year resulted in the implementation of 164 projects worth $5.2 billion and the creation of 5329 new jobs. 9 projects were implemented in the oil and gas industry, 20 in non-ferrous metallurgy, 5 in the electricity sector, 3 in mechanical engineering, 13 in electrical engineering, 17 in light industry,…
DetailsAlfa Telecom CJSC will be put up for sale for the third time by March, the Head of the State Property Management Fund Bolsunbek Kazakov said at a government meeting. According to him, assessment commission is working again. It must determine the price of the company. It is expected that the assessment will be completed…
DetailsIn 2016, 171.7 million soms of taxes were paid through the peripheral devices in Kyrgyzstan, the State Tax Service reported. Kyrgyzstanis made 139,257 tax payments through peripheral devices in 2016, up by 55,100 YoY. As of today, there are 1,786 payment terminals in the republic. In 2016, a tax receipt service for Alai Card, Visa,…
DetailsThe deputies of the Parliament suggest to increase the excise tax on cigarettes by 250 soms each year over the next three years. The proposal was made by the MP Dastan Bekeshev. The MP noted that the excise duty on cigarettes in the country increased in January. As a result, the rise in price of…
DetailsRussian Prime Minister Dmitry Medvedev has instructed the country’s Ministry of Industry and Trade to hold talks with Turkmenistan and sign an agreement on industrial cooperation if the sides reach a concord, according to Russia’s official Internet portal of legal information. The purpose of the agreement is to create mutually beneficial competitive environment in the…
DetailsSalt supplies by state-run enterprise Artyomsol (Donetsk region) to Russia in 2016 fell by 29.6% YoY, to 606,800 tons. The company said in a press release that its large consumers last year were Hungary, Poland and Romania. In 2016 supplies to Armenia, Belarus, Germany and Estonia grew. Shipments to consumers in the Czech Republic and…
DetailsThe development of small and medium-sized businesses would give a serious impetus to the development of the Ukrainian economy, Head of Press of the EU Delegation to Ukraine Jurgis Vilcinskas said at a workshop on cooperation between Ukroboronprom state concern and small and medium-sized businesses. “The small and medium-sized businesses in Ukraine produce three times…
DetailsIn a statement delivered at a meeting of the High Level Panel on Water in Budapest, Tajik President Emomali Rahmon noted that the High-Level Panel on Water adopted an Action Plan, consisting of 9 priority goals and 48 objectives. Noting the importance of an adoption of the Action Plan, he expressed Tajikistan’s willingness to participate…
DetailsKyiv authorities plan to introduce the electronic ticket in the city in 2017, director of the transport infrastructure department of the Kyiv City State Administration Serhiy Maizel said. “We plan to introduce the electronic ticket in Kyiv throughout 2017. It has been introduced practically by 50% and is available for high-speed tram, city train, subway,…
DetailsUzagroexportbank, a joint stock commercial bank, will be created in Uzbekistan to support manufacturers and exporters in the agricultural sector, according to the decree of the Uzbek President Shavkat Mirziyoyev. The founders of the newly established bank with an initial registered capital of 10 million euros will include the Fund of the Reconstruction and Development…
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The Kyrgyz government believes that the main result of 2016 was the overcoming of the deep recession of the national economy and the preservation of positive dynamics of economic growth, Minister of Economy of Kyrgyzstan Arzybek Kozhoshev said at a Cabinet meeting. According to him, from the beginning of the year, the economy showed a…
DetailsOutflow of capital in January-September 2016 reached $161.3 million, the Minister of Economy Arzybek Kozhoshev said at a government meeting. According to him, economic decline and inflation in the countries – main trade partners (Russia, Belarus and Kazakhstan), were among the negative factors that affected the economy of Kyrgyzstan in 2016. In particular, inflation in…
DetailsDespite the establishment of industries, Kyrgyzstan continues to process only 15% of agricultural production, the Minister of Economy Arzybek Kozhoshev said at a government meeting. During 11 months of 2016 the volume of foreign trade of Kyrgyzstan decreased by 0.5% YoY. Exports amounted to $1.6 billion and decreased by 1.5%. Imports remained at the level…
DetailsAt least 703 families got preferential mortgage loans under Affordable Housing program in Kyrgyzstan in 2016, First Deputy Prime Minister Mukhammetkaliy Abulgaziev said at a government session. According to him, the volume of lending amounted to 822 million soms. At the same time, the state mortgage loan rates decreased from 12% to 10%. At present,…
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