Alfa 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…Details
In 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,…Details
The 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…Details
Russian 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…Details
Salt 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…Details
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