Turkmenistan: MoU with Afghanistan on railway construction signed

The Turkmen Railway Transport Ministry and the Afghanistan Railway Authority have signed an agreement, which will give additional impetus to Afghanistan’s economic development and provide possibilities for the country’s access to third states. The MoU envisages a major overhaul of the railway track at the border station of Torgundi in Afghanistan. During the signing ceremony…


Ukraine: Cherkasy’s Azot resumes ammonia and carbamide production

Ukraine’s manufacturer of mineral fertilizers Cherkasy-based PJSC Azot, a part of the Ostchem holding owned by businessman Dmytro Firtash, has resumed the production of ammonia and carbamide after overhauls, according to Ostchem’s press service. “After major repairs, the company has resumed production of ammonia (workshop A-5) and carbamide (workshop M-2),” it wrote on Facebook. In…


Belarus: new taxes shelved till 2020

Current taxes will not be raised and no new taxes will be introduced in Belarus till 2020. The provisions are stipulated by Ordinance No. 7 “On entrepreneurship development”, which the head of state signed on November 23. The ordinance prohibits raising tax rates and introducing new taxes, fees, and duties till 2020. Commercial entities, which…


Uzbekistan and Kazakhstan increase flight frequency

The aviation authorities of Kazakhstan and Uzbekistan have agreed on increasing flights between the two countries, the press service of the Civil Aviation Committee of the Investments and Development Ministry of Kazakhstan reported. Following the negotiations between the Civil Aviation Committee and the aviation administration of Uzbekistan, as well as airlines of the two countries,…


Ukraine: passenger water transportation up in January-October 2017

In January-Octoberwater transport of Ukraine carried 0.5 million passengers, up by 30.2% YoY.

According to State Statistics Committee of Ukraine, total passenger turnover in Ukraine climbed by 0.4%, to 3.851.6 million passengers. (PortNews/Business World Magazine)

Belarus: economy on path of recovery

The recent GDP growth figures point to Belarus’ gradual economic recovery, Director of Alpari Eurasia Alexander Sabodin said during the online conference on November 22. “The transition from the two-year recession to the GDP growth is a sign that the hardest times are behind us,” he said. The expert stated, however, that the country’s economic…


Latvia: deputies invited to repair roads

Latvijas celu buvetajs, which is an association with ties to multiple road and bridge construction companies, invites deputies to support the proposal for the restoration of the State Road Fund, the association’s chairman Andris Berzins reported. “We have asked coalition deputies to admit multiple times that the gradual collapse of roads, especially regional and local…


Tajikistan: ADB OKs over $50 million financing

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…