Business World

340,000 bottles of counterfeit alcohol have been found in Kyrgyzstan, press service of the Ministry of Agriculture, Food Industry and Land Reclamation has reported. According to it, the violations were revealed during the planned inspection of the warehouses of Forester LLC by the employees of the Department for Regulation, Control over the Production and Turnover of Ethyl Alcohol, Alcoholic and...

The Asian Development Bank (ADB) has disbursed $50.85 million of budget support assistance for the second phase of a program to expand economic opportunities, develop the private sector, and attract investments to Tajikistan. The Bank reported that the program was designed and implemented in collaboration with other development partners. "Creating good jobs through increased private investment, economic diversification, and competitiveness is...

The state-owned Oschadbank (Kyiv) after a tender to support short-term liquidity of banks on November 15 raised UAH 3 billion from the National Bank of Ukraine (NBU) for 84 days at 15.5% per annum using government domestic loan bonds as collateral, the press service of Oschadbank has reported. The press service said that the necessity of raising the refinancing loan...

PJSC Kyivmiskbud (Kyiv), one of the largest developers of Ukraine, acted as an investor in the project for the construction of the Svitlo Park mini city with a total area of 2 million square meters at 2A Naddniprianske Highway on the border of Pechersky and Holosiyevsky districts of Kyiv. According to the press service of the residential complex, the project...

In the first six months since airBaltic has started performing regular domestic flights between Riga and Liapaja more than 4,780 passengers have been carried on this route. It is reported that airBaltic will be performing regular flights to Liepaja this winter and in the 2018 summer season. More than 715 bookings have already been made for flights to Liepaja this...

Ukraine in January-October increased electricity exports by 38.9% (by 1.245 billion kWh) YoY, to 4.449 billion kWh, the Ministry of Energy and Coal Industry has reported. Energy supplies from the Burshtyn TPP energy island towards Hungary, Slovakia and Romania increased by 13.5% (by 318.3 million kWh), to 2.683 billion kWh. Electricity deliveries to Poland decreased by 11.8%, to 736.8 million kWh. Electricity...

Turkmenistan Coca-Cola Bottlers Ltd., engaged in the production and distribution of soft drinks, is on the verge of closure and has already stopped production. The company has faced difficulties with currency conversion, problems with the import of ingredients needed for the production of beverages and pressure from local business companies. Only remains of beverages produced earlier are now available in the...

The Kyrgyz government has raised excise rates for beer, strong beverages, liqueurs, wines and low-alcohol beverages. As a result, prices for these goods can grow. The corresponding decree of the Cabinet was signed by the Prime Minister Sapar Isakov. It is noted that the excise on strong beverages, juices and herbal liqueurs increased from 6 to 70 soms per liter,...

The Baku International Sea Trade Port (Port of Baku) aims to become the most environmentally friendly port in the region, the port's Director General Taleh Ziyadov declared. "Today, modern ports are built with such infrastructure and state-of-the-art technologies that are less harmful to environment," noted Ziyadov. "By achieving Green Port status, the Port of Baku will be the first port with...

Investors are interested in solar energy today with a view of a quick entry into the market, according to an expert. "At present, we see the greatest activity in the solar energy sector. Across Ukraine, it is the most popular sort of energy. I think this is because it is the fastest way to enter the market. It is possible...