The proposed amendments to the Tax Code plan a 23% flat income tax, which in turn will reduce year-by-year and reach 20%, Deputy Minister of Finance Arman Poghosyan told lawmakers at hearings of the economic affairs committee. A representative of a civil society organization asked the official, which countries they’d observed in terms of experience…
DetailsFlyArystan low-cost airline has performed its first flight landing in Nur-Sultan, the Telegram Channel of the Civil Aviation Committee of the Kazakh Industry and Infrastructure Development Ministry reads. The solemn presentation of the first flight of FlyArystan low-cost carrier took place at the airport. Samruk Kazyna CEO Akhmetzhan Yessimov, Kazakh Industry and Infrastructure Development Minister…
DetailsIn the coming months, the production of new Peugeot 207 will begin in Azerbaijan’s Neftchala industrial site, Chairman of the Board of AzerMash OJSC Emin Akhundov declared. Production will begin this summer, he noted. “The price of Peugeot 207 cars, equipped with an automatic transmission, will be 17,500 manats. We are currently negotiating with the…
DetailsGiven the decline in gas prices on the European market, the Ukrainian government and the National Joint-Stock Company Naftogaz Ukrainy have agreed to cut regulated gas price for households and heat producers to market level in May from UAH 8,550 ($321) per 1,000 cubic meters to UAH 8,247 ($310). “Upon the order of the Cabinet…
DetailsUkraine’s military expenditure grew by 21%, to $4.8 billion in 2018. Total world military expenditure rose to $1.8 trillion in 2018, representing an increase of 2.6% from 2017, according to new data from the Stockholm International Peace Research Institute (SIPRI). The five biggest spenders in 2018 were the United States, China, Saudi Arabia, India and…
DetailsLatvian airline airBaltic on April 27 in Riga welcomed its 17th Airbus A220-300 jet of 2019, registered as YL-AAQ. This was the third Airbus A220-300 received this year, and five more new aircraft will have joined the airline’s fleet by the end of the year. “Thus far, airBaltic has carried over 2,350,000 passengers on the…
DetailsKazakhstan is looking to export electricity to EAEU countries, where it is also a member. The Eurasian Economic Union (EAEU) is an economic union, which includes Armenia, Kazakhstan, Russia, Belarus, and Kyrgyzstan. “In the last three years the total volume of exported electricity reached 13.789 billion kWh (4% of the volume produced). Within the framework…
DetailsThe Boeing 747-8F aircraft of the Azerbaijani cargo airline Silk Way West Airlines became the first F-category large cargo airliner that landed at the recently opened New Istanbul Airport. Baku-Istanbul-Baku flight was served by the Turkish “Celebi” ground handling company, which had been providing aviation services at a high professional level for many years. Since…
DetailsUkraine might create a new state agency with expanded powers to replace the state-run Ukroboronprom Concern, according to Deputy Secretary of the National Security and Defense Council of Ukraine, Serhiy Kryvonos. According to him, the adoption of the bill on reforming Ukroboronprom will help reduce corruption risks in the defense industry, Kryvonos said. The official…
DetailsThe National Bank of Ukraine (NBU) purchased almost $900 million on the interbank foreign exchange market in January-April, the central bank’s press service reports. “The net purchase of foreign currency by the National Bank on the interbank foreign exchange market amounted to about $900 million in January-April. At the same time, the official hryvnia exchange…
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