Trade turnover between Kyrgyzstan and Iran increased 4-fold between 2015 and 2019, president of the Kyrgyz Union of Industrialists and Entrepreneurs Danil Ibraev announced at the Kyrgyz-Iranian Business Forum. “Export increased 4.3-fold and import – 3.8-fold. Unfortunately, trade decreased and amounted to $19,600,000 last year due to the coronavirus pandemic,” he said. According to Danil…Details
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The Parliament of Georgia has approved an updated state budget of Georgia, which is now planned with a 7.7% economic growth forecast instead of 3.4%. In addition, the deficit has been lowered from 7.6% to 6.9% and the government’s debt has been lowered to 54.6%. “The government raises taxes by 1.11 billion GEL and boosts…Details
Kyrgyz-Iranian Business Forum started its work in Bishkek. More than 140 companies and representatives of economic departments of both republics take part in it. The delegation of Iran intends to discuss issues of Kyrgyz-Iranian cooperation, possible investment projects, determine commodity items for mutual trade, creation of joint ventures, in particular the opening of a plastic…Details
The Cabinet of Ministers of Ukraine will allocate UAH 106 million from the reserve fund of the state budget for the restoration of aircraft used in emergencies and other civil defense tasks. The relevant decision was initiated by the Ministry of Economy. “The Government is constantly taking measures to prevent threats to the lives of…Details
The Ukrainian Finance Ministry on July 20 raised UAH 7.75 billion to the state budget at an auction for the placement of domestic government bonds, the ministry’s press service has reported. “Following the placement of domestic government bonds on July 20, 2021, UAH 7,754,209,756.80 (at the exchange rate of the NBU) was attracted to the…Details
The Georgian e-commerce market is growing, as Covid-19 lockdowns have encouraged many to purchase online for the first time or increase the frequency of online purchases, while Georgian companies have been forced to expand their online offerings, says Galt & Taggart in its latest report “E-Commerce In Georgia”. “The size of the local e-commerce market…Details
Borrowers of banks held a rally on Ala-Too Square in Bishkek. Participants of the rally demanded to equate the interest rates in Kyrgyzstan to international standards. “Our banks have the highest interest rate in Central Asia. It reaches 40%, while the interest rate does not exceed 25% in foreign countries. Many of our fellow citizens…Details