Ukraine: Cabinet looking for options to provide for steady operation of Odessa Port-Side Plant

Odessa Port-Side Plant is in the hardships today due to the unfavorable situation on the global fertilizer market, ineffective management and using it in the corruption purposes and for various frauds, Ukrainian Prime Minister Volodymyr Groysman has said. “Now we see the fact of ineffective management of the plant, including by the State Property Fund.…

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Ukraine: 2017 state budget passed

Overnight into December 21, the Verkhovna Rada (Parliament) passed the state budget for 2017. Fiscal revenues for 2017 are envisaged at 721.4 billion UAH and expenditures at 790.4 billion UAH. The budget deficit was set at 77.5 billion UAH. The following macroeconomic indicators are proposed for 2017: GDP growth at 3-4%; inflation at 8.1%; forecast…

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World: four countries sign a memorandum to develop the Trans-Caspian route

In the course of a quadruple meeting with participation of Azerbaijani Railways Head Javid Gurbanov, Kazakhstani Railways President Kanat Alpysbayev, Turkish Railways CEO Veysi Kurt and Georgian Railways Chairman Mamuka Bakhtadze, the parties discussed the development prospects of the Trans-Caspian international transport route, issues of increasing freight traffic along this route and optimization of tariffs.…

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