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
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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
The state-run Ukroboronprom Concern managed to increase the export of Ukrainian arms by 25% in 2016, Deputy General Director for Ukroboronprom development, Artur Kheryvimov stated at a press conference at Kherson Regional State Administration. “Over the past year, we (Ukroboronprom) have increased our exports by 25% – from $570 million to $770 million,” said Kheryvimov.…Details
According to initial estimates, Belarus’ gross domestic product totaled Br47.3 billion in January-June or 101% as against January-June 2016 in comparable prices, the National Statistics Committee of Belarus declared. In January-June the deflator index of Belarus GDP totaled 107% as against the same period of last year. (BelTA/Business World Magazine)Details
Deputy Chairman of the National Bank of Kazakhstan Oleg Smolyakov has commented on the purchase of Kazkom by Halyk Savings Bank. “On July 5, the transaction for the acquisition of the controlling interest in Kazkommertsbank JSC by Halyk Savings Bank of Kazakhstan was completed. All rights and legitimate interests of the depositors, creditors, investors are…Details