ASB Leasing Ltd, the leasing arm of OAO Belarusbank, has reduced the interest rate for lease purchases of dwellings by individuals by 4% to 21% per annum. Apartments and single-family houses can be purchased on a lease scheme with a maximum period of 15 years. A down payment is required to cover at least 20%…
DetailsKyrgyzstan plans to expand the range of investment projects, the Prime Minister Sooronbay Jeenbekov announced at the meeting of Coordination Council on Macroeconomic and Investment Policy. According to him, amid the economic crisis, limited resources, and reduction in the traditional markets, the country needs to take a number of measures that will help to create…
DetailsKyrgyzstan owes Russia more than $42 million for the Upper Naryn HPP cascade and Kambarata-1, Director General of Electric Stations JSC Taalaibek Tolubaev reported. According to him, Kyrgyzstan is to return, according to various estimates, $37-38 million for Upper Naryn HPP and $5.2 million for the developed feasibility study for Kambarata-1. Currently, the power engineers…
DetailsKazakhstan is concerned about the state of foreign businesses in the country, and is ready to create favorable conditions for them, the Minister of Foreign Affairs of Kazakhstan Erlan Idrissov said at a briefing for foreign diplomatic corps in Astana on. Commenting on the amendments to the tax laws of the country, Idrissov noted that…
DetailsUkrainian President Petro Poroshenko took part in the ceremony to mark the start of construction work of a cable plant by France’s Nexans. “Everyone was convincing us that until the war continued no investor would come to Ukraine. We are convincing with our patient labor, creation of investment climate, providing for radical changes and reforms…
DetailsHandling of cargo by JSC Vladivostok Sea Fishing Port (Vladmorrybport) in January-July increased by 44% YoY to 1,921,600 tons, the company said. The seven-month throughput figures are as follows: fish products – 173,400 tons (up by 13.2%); bulk cargo – 613,100 tons (+100%); containers – 76,873 TEUs (+34,9%); scrap metal – 203,900 tons (+8.5%). The…
DetailsFirst buyers of the new car model Nexia have received keys to their automobiles, the press service of GM Uzbekistan said. Sales of new model of Nexia started in Uzbekistan on August 8. First automobiles of Nexia and accessories were handed over to the first buyers during the special ceremony at Driver’s Village, a dealer…
DetailsThe China-Belarus industrial park Great Stone and the Suzhou industrial park have signed a cooperation agreement, the press service of the Belarusian Ministry of Foreign Affairs reported. The agreement was signed in conclusion of the second session of the Belarusian-Chinese commission on trade and economic cooperation as well as the eighth session of the working…
DetailsIssues related to expansion of economic cooperation between Tajikistan and Afghanistan were discussed at a roundtable entitled “Commercial Opportunities of Tajikistan and Afghanistan” that took place in Dushanbe on August 16. The meeting brought together representatives of relevant bodies of Tajikistan, Afghan Embassy in Dushanbe, international organizations active in Tajikistan, as well as Tajik and…
DetailsBelarus is due to hold an auction on September 8, to sell 16 buildings and some other property owned by Rechitsapivo brewery (Gomel region), the State Property Committee of Belarus said in a release. Rechitsapivo had been a unit of Belarus-based Heineken breweries until Heineken chose to reduce personnel and move all beer and kvass…
DetailsBelarus-based manufacturers of alcoholic beverages and beer are free to choose when to pay excise taxes to the state budget: after they ship goods to consumers, or after they receive payment for the goods shipped. Belarus’ head of state has adopted an ordinance to sustain the current practice in 2017-2018. Other Belarusian manufacturers are supposed…
DetailsBelarus’ gross domestic product (GDP) dropped by 2.7% YoY in January-July 2016 to 52.6 billion Belarusian rubles ($27.1 billion at the central bank’s exchange rate), an official with Belarus’ National Statistics Committee said. Industrial output in January-July fell by 2% YoY to Br45.1 billion ($23.2 billion). Farm output grew by 4.2% to Br6.2 billion ($3.2…
DetailsBelarus’ fixed-capital investments and investments in construction dropped by 20.6% YoY in January-July to Br9.2 billion ($4.8 billion), the National Statistics Committee (Belstat) said in a report. As much as 3.1 billion rubles ($1.6 billion) was spent on buying machines, equipment, and vehicles, down by 24.9% YoY. Investments in construction and assembly operations totaled Br5…
DetailsBelarus’ chemical company OAO Grodno Azot has been receiving equipment made by Germany’s ThyssenKrupp Industrial Solution to be installed at a new nitric acid plant, which is currently under construction, a Grodno Azot official reported. In early 2016 Grodno Azot started an active phase of the project worth $170 million to build a nitric acid…
DetailsBelarus’ petrol exports to Russia grew 19 times MoM in July to 27,034 tons, Kortes Business Analysis Centre said in a report citing railway transport statistics. Belarus supplied 1,386 tons of automobile petrol to Russia in June. The sharp increase in petrol supplies from Belarus to Russia was prompted by a decline in petrol prices…
DetailsBelarusian Potash Company (BPC) shipped 69,288 tons of potash fertilizers to Poland in January-June, up by 43% YoY. Potash export proceeds from Poland-bound shipments grew by 30% YoY, to $32.6 million. Established in September 2013, Belarus Potash Company (BPC) has regional dealerships in Delhi, Beijing, Singapore and Sao Paulo. BPC facilitates potash exports to Europe,…
DetailsRevenues of the State Oil Fund of Azerbaijan (SOFAZ) from the project of development of the Azeri-Chirag-Gunashli (ACG) block of oil and gas fields totaled $119.779 billion from 2001 to August 1, 2016. SOFAZ said its revenues from the project totaled $2.77 billion in January-July. Out of this, $465 million accounted for July. A contract…
DetailsCustoms duty on AI-92 gasoline import has been cancelled in Azerbaijan for a period of 60 days, the country’s Cabinet of Ministers said. Earlier, the customs duty was 15%, but zero interest rate is in effect since August 16. Customs duty on the import of other kinds of gasoline is 15%. Moreover, the excise rate…
DetailsAn agricultural battalion has been set up in Tajikistan’s armed forces. An official ceremony of the establishment of the agricultural battalion that took place in Vahdat Township on August 17, was attended by the Prime Minister Qohir Rasoulzoda. An official source in the Tajik government says the new battalion will provide units of the Tajik…
DetailsUkrainian budget revenues for January-July amounted to 322 billion UAH, up by 24% YoY. This was announced by the head of the State Fiscal Service of Ukraine Roman Nasirov. “According to the government plan for 2016, we have to collect taxes in the amount of 607 billion UAH to the general budget fund. We have…
DetailsIn January-July the volume of grain shipment for exports by enterprises of PJSC Novorossiysk Commercial Sea Port (NCSP Group) totaled 2.815 million tons, down by 9.4% YoY, the press-service of the company declared on August 16. Reduction of grain prices on the global market and low-scale shipment rates by companies-exporters became the main reasons for…
DetailsRussian Prime Minister Dmitry Medvedev has decided to postpone privatization of the oil company Bashneft, and the decision was supported by the president Vladimir Putin, Medvedev’s press secretary Natalya Timakova reported. “Yes, the Prime Minister made a decision and the president approved of it – to delay privatization of Bashneft”, Timakova said. The Federal State…
DetailsRussian consumer prices remained flat from August 9 through August 15, after two weeks of a 0.1% contraction, while inflation since January 1, stood at 3.8%, the Federal State Statistics Service said. In August 2015, prices grew by 0.4% MoM and 9.8% since January 1, 2015. Prices for fruit and vegetables fell by 3.4% on…
DetailsThe government of Russia prolonged the period for mandatory disposal of the foodstuffs under counter-sanctions which were illegally imported to the territory of the Russian Federation, until December 31, 2017. The Prime Minister of the Russian Federation Dmitry Medvedev signed the corresponding decree on August 10. According to the document, the Federal Service for Veterinary…
DetailsIn June Russia exported the minimum monthly amount of barley over the last few years – 12 KMT. In 2015/2016 Russian barley exports dropped by 20% to 4244 KMT compared to record high result of 2014/2015. Exports decreased in all the key destinations except for Tunisia and Kuwait, where export volumes rose to 73% and…
DetailsRussia’s Ninth Arbitration Court of Appeal has rejected Google’s complaint against a lower court’s decision that supported the antimonopoly service in finding the U.S. giant guilty of abusing its dominance on the market of preinstalled application stores. “The (lower) court’s decision will stay unchanged, and the appeal will not be satisfied”, the decision read. The…
DetailsRussian farmers lost about 50 billion rubles ($781 million) due to implementation of a duty on wheat exports during the last season, head of the Russian Grain Union Arkady Zlochevsky said. “As a result, during the last season farmers lost 1,000 rubles per ton. Last season sales of grain amounted to 52-63 million tons. Respectively…
DetailsA meeting on oil taxation issues chaired by Russian Prime Minister’s deputy Arkady Dvorkovich will take place in August, First Deputy Energy Minister Alexei Teksler said. “It has been already slated, it’s August”, Teksler said. The official said that the Energy and the Finance Ministries still had not agreed on a range of issues and…
DetailsUpward trend in wheat prices continues in Russian market. During last week milling wheat (12.5%) prices in Novorossiysk and Azov ports increased by $3-4 to $170-174/MT FOB and $150-154/MT FOB respectively for August and September delivery. Export prices for high protein wheat are still supported by lower supply, both on the global and domestic Russian…
DetailsUIA started testing SMS notification service informing passengers of all scheduled flights on any delays and cancellations. Therefore, the airline clients will be notified of important schedule alterations. Within 48 – 1 hour prior to scheduled departure, passengers who have provided UIA with correct contact details when booking their tickets may receive a notification on…
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