Excise duty on cigarettes is set to rise by 5% from January 2022, the Finance Ministry says. Interest rates on tax arrears are to return to their pre-coronavirus crisis levels from January 2022. The rate will rise from its current level of EUR 145.60 per 1,000 cigarettes, to EUR 152.85 per 1,000, from January 2022,…Details
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In January-October, the Freeport of Riga handled 17.26 million tons of cargo, down by 13.3% YoY. According to the port’s statistics, handing of grain increased by 0.8%, to 2,150,500 tons, ore – by 13.6%, to 576,600 tons, wood pellets – by 3%, to 1,797,900 tons, sawn timber – by 84%, to 500,900 tons, and timber…Details
For the first time over the years of independence, Kyrgyzstan imports electricity from Turkmenistan to cover the shortage of electricity, the Ministry of Energy reports. Previously, there were no imports from this country due to the impossibility of transmitting electricity through a high-voltage line between Turkmenistan and Uzbekistan. After the reconstruction of the 500 kilovolt…Details
As of November 11, farms of Kharkiv region harvested more than 200,000 tons of sugar beets. According to the Department of agri-industrial development of Kharkiv Regional State Administration, 212.4 thousand tons of sugar beets were harvested. The average yield was 370.5 hundredweights per ha (in 2020 – 383.1 hundredweights/ha). (Ukrsugar/Business World Magazine)Details
Consumer inflation in October slowed down to 10.9% YoY, while remaining above the National Bank’s forecast. That’s according to the NBU’s October inflation report released by the regulator’s press service. “Actual consumer inflation has slowed as expected, while standing slightly higher than the forecast published in the Inflation Report for October. This is primarily due…Details
Georgia: ADB allocates EUR 101 million for upgrading infrastructure and boosting regional development
The Asian Development Bank (ADB) has approved a EUR 101-million loan to build and upgrade infrastructure and enhance services in urban centers to boost regional development and economic opportunities in Georgia. The project aims to support the country’s recovery from the pandemic and “make its cities more livable, inclusive, and climate-resilient”. ADB reports that the…Details
321 new enterprises with Turkish investment were set up in Uzbekistan from January to October, the State Statistics Committee reported. Turkey is now leading in the number of newly set up foreign investment enterprises in Uzbekistan, followed by Russia and China. Kazakhstan and Korea are placed fourth and fifth. Trade turnover of Uzbekistan with Turkey…Details