The 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…Details
In 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…Details
Kyiv 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,…Details
Uzagroexportbank, 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…Details
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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…Details
Outflow 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…Details
Despite 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…Details
At 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,…Details
Exports of arms and dual- and special-purpose products by state-run Ukroboronprom Concern in 2016 grew by 25% YoY, to $756 million. These figures were announced by Ukroboronprom Deputy Director Denys Hurak at a forum on cooperation between the defense industry and small and medium-sized businesses. The concern’s state-run enterprises concluded contracts on arms exports last…Details
The Ministry of Agrarian Policy and Food expects that the Ukrainian agrarians in 2016 will collect some 64.2 million tons of grain, up by 4 million tons YoY, with the average yield of 44.8 hundredweight per ha, according to the ministry press service. According to the report, 26.1 million tons of wheat will be harvested,…Details
Turkish Airlines will add three more flights on the Istanbul-Kherson route to the summer schedule totaling 10 flights per week. From March 26, flights between Kherson (Ukraine) and Istanbul (Turkey) will be operated in the morning and in the evening. Morning flights will be operated on Mondays, Tuesdays, Wednesdays, Thursdays, Saturdays and Sundays with departure…Details
The Belarusian confectionery factory Spartak is expanding its store chain in China, Spartak Deputy Director General Dmitry Korolenko reported. Gomel-based factory Spartak opened its first store in Harbin in November 2016. In January two more stores opened their doors in Beijing and Shanghai. All three stores belong to Spartak’s partner from China. The stores sell…Details
A press conference dedicated to the launch of the Astana-Warsaw direct flight has been held at the Central Communications Service in Astana. Earlier it was reported that LOT would start operating the Warsaw-Astana flight on May 8, four times a week (on Mondays, Wednesdays, Fridays and Saturdays). “It is no coincidence that the launch of…Details
Uzbek exporters and regional and district khokims continue negotiations on exports to foreign countries, including European states, at Green Week, an international agricultural exhibition. On the fourth day, exporters met representatives of Central Investments Worldwide L.P. and Better International Trade (UK), GIZ (Germany), Avietes (Lithuania), Befresh (Israel), Greenfield Agro and Shri Niwas Dall & Besan…Details