The falling dollar rate forced the National Bank of Kyrgyzstan to enter the foreign exchange market again with intervention. The bank bought dollars. As the official website of the National Bank of Kyrgyzstan reported, it carried out the third intervention in July. But, unlike the first two, it did not sell, but bought US dollars.…Details
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Iran and Azerbaijan are expected to launch transporting goods and cargos through the International North-South Transport Corridor in the coming months, amid efforts to boost trade ties between the two neighboring countries. Mohammad Ebrahimi, economic consultant at Iranian Embassy in Baku, said that the goal of cooperation between the two neighboring countries would be fulfilled…Details
The supervisory board of PrivatBank (Kyiv) has announced McKinsey & Company the winner of a tender to select an internationally recognized company responsible for drawing up a strategy of the financial institution. PrivatBank said in a press release that the objective of this assignment was to design a market strategy to optimize PrivatBank operations while…Details
Ukrainian president Petro Poroshenko has announced he has agreed with his Georgian counterpart Giorgi Margvelashvili to facilitate economic partnership and deepen the free trade area. “We’ve agreed to intensify economic partnership, remove all barriers, coordinate tariffs, including for rail and ferry services, and deepen the free trade area,” he said at a joint press conference…Details
If fuel consumption drops considerably in the country, the government may reconsider the decision to increase excise tax, said Latvian Finance Minister Dana Reizniece-Ozola. She says the decision to increase excise tax for fuel, cigarettes and alcohol is a compensating mechanism to secure income for the state budget lost as a result of the tax…Details
India wants to re-negotiate bilateral investment treaties with Turkmenistan, Tajikistan, Kyrgyzstan and a number of other countries, Indian Minister of State for Commerce and Industry Nirmala Sitharaman said. The minister said that while approving the new Model Bilateral Investment Treaty text in 2015, the Indian government had also approved the proposal to terminate those out…Details
Latvian airline airBaltic carried 372,219 passengers in June, up by 23% YoY. It is now the airline’s latest record. In the first six months of 2017, airBaltic carried a total of 1,565,462 passengers to destinations in Europe, Scandinavia, Russia, CIS and the Middle East. airBaltic’s CEO Martin Gauss says the airline has managed to exceed…Details