Ukraine’s State Fiscal Service (SFS) reimbursed UAH 45.4 billion worth of value added tax (VAT) in January-March, the SFS press service reported. “Compared to the relevant period of last year, the amount of compensation grew by 34.8%, or by UAH 11.7 billion. UAH 38 billion worth of VAT was returned to taxpayers in January-March 2018,”…
DetailsThe total volume of cargo transportation via Georgia’s Batumi port to Azerbaijan amounted to 85,738 tons in January-March, Batumi Sea Port Ltd. reported. “Of this volume, 62,691 tons accounted for raw sugar. Moreover, 12,836 tons of palm oil, 6,603 tons of soy and 3,608 tons of corn oil were transported via Batumi port to Azerbaijan,”…
DetailsKazakhstan negotiates with a number of Indian tractor makers including Mahindra & Mahindra company for the purchase of tractors and agri-input mechanization equipment to boost the agriculture, the country’s ambassador in India Iskander Baitassov reported. “We are holding dialogues with some Indian tractor makers. Negotiation with Mahindra & Mahindra is ahead than others. We are…
DetailsEnterprises of Uzkimyosanoat JSC manufactured marketable products in the amount of 1.636.8 trillion soums ($193.736 million) in January-March, up by 20.6% YoY. Chemical enterprises produced 334,960 tons of mineral fertilizers, including 252,170 tons of nitrogen fertilizers, 37,770 tons of phosphate fertilizers and 45,020 of tons potash fertilizers. During the reporting period, 1,276.5 million tons of…
DetailsUkraine-Turkey trade turnover increased by 28% YoY in January-February. Last year, Turkey was 6th largest importer of Ukrainian agri-food products. “In 2018, the trade turnover between the countries decreased by 3.9% YoY. However, in the first two months of this year, it totaled $356.6 million and grew by 28% due to an increase in exports…
DetailsUkraine successfully tested the Neptun anti-ship missile defense system on April 5. President of Ukraine, Supreme Commander-in-Chief of the Armed Forces of Ukraine Petro Poroshenko took part in the tests of the latest Ukrainian cruise missile complex to defeat the marine and coastal targets. All components of the complex were produced at Ukrainian defense enterprises,…
DetailsIn the field of maintenance of state roads it is necessary to outline priorities and leave only main roads with high traffic intensity and the most important regional roads in the hands of the state, said Latvia’s Transport Minister Talis Linkaits. “It is wrong for the state to answer for every gravel road. We need…
DetailsThe import of onions will be exempt from duties in Azerbaijan, and duties will be imposed on the export of cabbages, onions and potatoes, Azerbaijani Minister of Economy Shahin Mustafayev declared during a meeting with entrepreneurs of the burnt down Diglas shopping center in Baku. According to the minister, monitoring is conducted due to an…
DetailsGeorgia exported about 19.4 million bottles of wine to 37 countries in the first quarter of 2019, up by 10% YoY, announced the Georgian National Wine Agency. Last month Georgia generated $47 million from the sale of wine abroad, up by 16%. The top five countries that imported the most bottles of Georgian wine in…
DetailsDeputy Chairman of the State Fiscal Service (SFS) of Ukraine Yevhen Bambizov says the agency, due to the lack of effective mechanisms to influence debtors to recover tax debt that exceeds UAH 107 billion ($4 billion), insists on expanding its powers. “Tax debt accounts for 10% of the state budget revenue for the current year.…
DetailsIn January-March, UAH 59.9 billion were transferred to local budgets, up by 17.6% YoY, according to the State Fiscal Service. The State Fiscal Service also noted that UAH 19.5 billion were transferred to local budgets in March, up by 8% or by UAH 1.5 billion YoY. Also, in January-March, tax and personal income tax contributions…
DetailsStarting from July 2, Luminor bank will begin applying restrictions to payments made using code cards or GO3 code generators. “Because code cards will remain valid until September 10, clients will be able to gradually adapt to more secure authentication tools. Changes are planned because of stricter EU requirements towards clients’ digital authentication to increase…
DetailsSignificant increase in the production of honey has been observed in Azerbaijan since the Agriculture Ministry granted subsidies to Azerbaijani beekeepers, Head of the Azerbaijan Beekeepers Association Badraddin Hasratov declared. He said that there had been an increase in the number of apiaries among amateur beekeepers. For this year, it is planned to increase production…
DetailsAsian Development Bank (ADB) forecasts Kazakhstan’s economic growth to slowdown in 2019 and 2020, reflecting lower oil prices and reduced growth in China and Russia. “Aside from oil revenues, public investment is expected to become a key source of economic growth in the coming years,” reads the latest ADB outlook. The bank expects the growth…
DetailsUkraine has increased the export of berries almost 5-fold over the past four years: from 4.5 thousand tons to 23.5 thousand tons, the Agrarian Policy and Food Ministry’s press service reported. “Ukrainian fresh berries are exported to Belarus, Poland, Moldova, the UK and the Netherlands. The EU countries have become the largest consumers of frozen…
DetailsUkrainians more actively used smartphones to pay bills and handle other financial transactions in the past year: the number of payments with mobile apps grew by 50%. PrivatBank’s press service reported that the number of transactions via the Privat24 mobile app increased from 8.9 million in March 2018 and to more than 15.8 million in…
DetailsRomanian TAROM airline will launch regular Bucharest-Yerevan flights twice per-week, the Zvartnots airport of the Armenian capital said. It said TAROM would further increase the frequency of flights to three-times per week. Months earlier the deal was reached between TAROM and Zvartnots airport. The airport did not specify when exactly the flights would commence. (Armenpress/Business…
DetailsCapitalization of Azerbaijan’s banking sector amounted to 4.24 billion manats in February, up by 4.2% MoM, the Financial Market Supervisory Authority of Azerbaijan (FIMSA) reported. Over the year, the capitalization of banks increased by 9.2%. The special capital of banks in the reporting period amounted to 3.96 billion manats compared to 3.79 billion manats at…
DetailsIn March AS Tallink Grupp transported 686,488 passengers, down by 4.1% YoY. The number of cargo units increased by 2%, to 32,524 units and the number of passenger vehicles by 5.9%, to 76,016 units, the company says in a press release. In the first quarter of the 2019 financial year (January-March) AS Tallink Grupp transported…
DetailsThe Kosice-Mukachevo train has carried out its first test ride. “It was a test ride. We plan to launch the regular passenger service, as promised, already in June. It will take four hours to get from the Ukrainian railway station to Slovakia. The route is: Kosice – Cierna nad Tisou – Chop – Mukachevo,” Yevhen…
DetailsAccording to the State Fiscal Service of Ukraine, margarine exports in January-February totaled 6.235 thousand tons valued at $8.866 million.
Margarine imports totaled 2.993 thousand tons at $6.924 million.
In 2018, exporters shipped abroad 69.944 thousand tons of margarine ($98.629 million), while imports reached 12.595 thousand tons ($37.166 million worth). (UkrAgroConsult/Business World Magazine)
An increase of at least 15% is expected in Azerbaijan’s persimmon output in 2019, Chairman of the Persimmon Producers and Exporters Association Gadir Yusifov announced. The chairman underlined the intensive growth in the agricultural sector of Azerbaijan. In particular, he highlighted the correct pruning of trees in 95% of all regions of the country involved…
DetailsAt the meeting of the Turkmen government, a proposal was made to join the Central Asia Regional Economic Cooperation (CAREC) Program. The possibility of connecting Turkmenistan to the regional technical assistance project “Railway Sector Development in Central Asia Regional Economic Cooperation Countries” was discussed at the meeting. President of Turkmenistan Gurbanguly Berdimuhamedov said that the…
DetailsUzbekistan’s expenditures on the import of weapons and ammunition, their parts and accessories in 2018 amounted to $700,000, the Central Bank reported. In 2016-2017, $300,000 was spent for these purposes. Thus, over the past year, spending on armaments has more than doubled. Data on the import of weapons and ammunition are disclosed by the Central…
DetailsThe income of the population in Ukraine grew by 9.9% YoY in 2018, to UAH 3.219 trillion ($119.24 billion). “Disposable income per person amounted to UAH 57,908.6 ($2,144),” the State Statistics Service said. As for the income structure, 47.4% was salary (45.6% in 2017), 17.6% – profit and mixed income (18%), 2.6% – income from…
DetailsAccording to official information of the State Statistics Service of Ukraine on the final harvest results, farmers harvested a total 70.1 million tons of grains and pulses in 2018, up by 13.1% YoY. Grain production increased in 2018 at the expense of a corn crop rise to a record 35.8 million tons (+45.1%). (UkrAgroConsult/Business World…
DetailsThe French flag carrier Air France has made its inaugural flight from the capital of Paris, with Georgian President Salome Zurabishvili being among its first passengers. Air France will be carrying out regular flights between Paris and Tbilisi twice a week until October 23 with an Airbus A 320. Negotiations between Air France and the…
Details