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Kazakhstan: flights delayed at Almaty airport

9 flights were delayed at Almaty airport. According to the press service of the Almaty International Airport, the reasons for the delays are as follows: flight attendant's mistake, the late arrival of planes, and a bad weather in Semey. "For now, the vertical visibility at the International Airport of Almaty is 180 m, while the horizontal visibility is 3,200 m....

Azerbaijan: Central Bank raises 10 billion manats at auctions in 2017

The Central Bank of Azerbaijan (CBA) raised 9.98 billion manats from banks at deposit auctions in 2017, the CBA said on January 4. The demand from banks amounted to 25.56 billion manats, which exceeded the supply nearly 2.6-fold. The interest rate on deposit transactions concluded within the framework of the auctions was 10.01-14.87% during the past year. The average annual interest...

Ukraine: agricultural food exports to Japan at $80 million in January-November 2017

In January-November 2017 Ukraine exported agricultural food products to Japan at the sum of $80.2 million, including grain exports at $18.9 million, the Deputy Minister of Agrarian Policy and Food of Ukraine for European Integration, Olga Trofimtseva declared. According to the announcement, in the reporting period the imports of agricultural food products from Japan totaled $2.9 million, including essential oils...

Ukraine: new Hrim-2 short-range ballistic missile unveiled

The Ukrainian military website has released pictures showing the new Ukrainian-made Hrim-2 also called Grom-2, or Thunder-2, a short-range surface-to-surface ballistic missile, according to Army Recognition, a global defense security technology and military news portal. The new missile will have a range from 50 to 280 km, Army Recognition said. The missile system is mounted on a 6x6 military truck...

Latvia: economy growth to reach 4.2% in 2018

Latvia's economic growth in 2017 was significantly more rapid than in previous years. GDP growth in the first three quarters of 2017 was 4.7% higher than in the same period of the previous year. Economy Ministry predicts GDP growth could reach at least 4.5% for 2017. The ministry notes - compared with the previous four years, average GDP growth rate...

Kazakhstan: Polish investor to build kindergartens in Astana

A Polish investor will build four kindergartens in Astana, the media center of the capital city administration reported. "As of today, we have signed public-private partnership contracts for six kindergartens. An investor from Poland will construct 4 kindergartens," the report said. The media representatives did not specify the project value and construction terms. The capital administration is now implementing over 100...

Uzbekistan: income tax for individuals cut

The average and maximum rates on incomes of individuals have been reduced in Uzbekistan since January 1, while the amount of contribution to individual accumulative pension accounts has been increased, and property tax will be calculated based on the cadastral value of real estate. This is stated in the presidential decree, which approved the main macroeconomic indicators and parameters of...

Ukraine: Ukrenergo and Moldelectrica to resume Yuzhnoukrainsk NPP – Isaccea power line

The national energy company Ukrenergo and the state-owned enterprise Moldelectrica have discussed resumption of the 750 kV Yuzhnoukrainsk NPP (Mykolaiv region) - Isaccea (Romania) power line for 400 kV class voltage, the press service of Ukrenergo has reported, referring to a meeting in Chisinau held at the end of December 2017. "The resumption of the 750 kV Yuzhnoukrainsk NPP -...

Ukraine: Ukrenergo to implement ERP system based on Microsoft platform

Ukrenergo will introduce an automated management system (ERP) on the Microsoft Dynamix AX platform, which will support the reform of centralization of management processes in accounting and financial accounting, procurement, investment planning, budgeting, personnel management and other related areas. According to the company, the contract for the implementation of the ERP system worth UAH 29.017 million (excluding VAT) with Smart...

Latvia: minimum wage reaches EUR 430 in 2018

Starting from January 1, the minimal wage in Latvia will be EUR 430, which is EUR 50 higher than it was the year before. This is provided by amendments approved by the Cabinet of Ministers in regards to minimum monthly wage amount for standard work time and calculation of the minimal hourly rate. Previously, Welfare Ministry noted that raising minimal...