The National Bank of Ukraine (NBU) applied measures of influence to three banks in February due to the violation of legislation in the field of financial monitoring, the central bank’s press service reported. “The National Bank of Ukraine, following inspections on preventing and countering the legalization (laundering) of proceeds of crime, terrorist financing and financing…
DetailsFinance Ministry increased the state budget deficit in 2019 to UAH 81 billion ($3.3 billion), whereas earlier this figure was UAH 78.05 billion ($3.1 billion). “The Law of Ukraine “On the State Budget of Ukraine for 2019″ defines the annual limit of the state budget deficit in the amount of UAH 91.1 billion ($3.7 billion).…
DetailsCompared to December 2019, the level of construction costs in Latvia fell by 0.2% in January 2020. Labor remuneration of workers reduced by 0.9% andprices of building materials – by 0.1%, but maintenance and operational costs of machinery and equipment rose by 0.2%. In January, the average level of construction costs was mostly affected by…
DetailsThe Land Transport Agency of Georgia has suspended freight transportation to Italy and Iran amid the coronavirus outbreak. The Agency has also cancelled the validity of the permits, which have already been issued. Georgia, which suspended flights with Iran in early February, also imposed restrictions for road travel with the country after the coronavirus in…
Details“Last year about 620,400 square meters of housing or 5,789 apartments were built in Turkestan region. This year it is targeted to build 670,000 square meters of housing,” head of the regional construction department Toktar Ussipaliyev has reported. Besides, 198 investment projects were carried out in 2019, and 100 projects were put on-stream. 98 projects…
Details“Shepetivka Sugar” LLC will determine the quality of “sweet” roots with the help of the first in Ukraine robotic beet laboratory. Shepetivka Sugar Refinery will meet next season not only with the European technology of sugar beet dry transportation, but also innovative technologies for determining the quality of root crops, because the company plans to…
DetailsFirst Deputy Minister of Economic Development, Trade and Agriculture Pavlo Kukhta says the ministry plans to raise about $5 billion for the national budget from the sale of state-owned enterprises. “Now we are selecting the last group of enterprises subject to privatization via the State Property Fund, that is more than 300 companies. Following that,…
DetailsThe coronavirus Covid-19 may force corrections to Latvia’s economic growth outlook, according to European Commission’s (EC) representatives in Latvia. EC’s report on Latvia published on February 26 mentions that the country’s GDP growth may be 2.3% in 2020 and 2.4% in 2021. Compared to the outlook for Latvia’s GDP growth in 2020 reported by EC…
DetailsBishkek Passenger Motor Transport Enterprise of the City Hall of the capital has announced a tender for the purchase of 100 buses, the state procurement portal says. The enterprise plans to spend 650 million soms on these purposes. The cost should include spare parts, equipment for repair and maintenance at the rate of at least…
DetailsA wind-powered plant is being built in Sarysu district of Zhambyl region. The first industrial wind-powered generation plan was launched in Zhambyl region’s mountain pass Muzbel. In Kordai, Talas and Sarysu areas of the region annual average wind speed reaches 6 meters per second and more. Today wind farms are being constructed in Kordai and…
DetailsCompanies that are part of the Ukroboronprom Group from 2015 to 2019 through foreign intermediaries purchased Russian military products, whose cost was overestimated by two to three times. That’s according to a pre-trial investigation conducted by the Main Investigative Department of the Security Service of Ukraine. The court says special exporters in the interests of…
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