The state-owned Oschadbank, the leader in the number of branches in Ukraine, in October-December 2017 closed 102 structural divisions, the National Bank of Ukraine (NBU) has reported on its website. As of January 1, 2018 the branch chain of the bank had 3,305 branches. The top three most active banks in optimization of their chains,…
DetailsUkrainian banks in 2017 reduced the number of their operating structural units by 827, to 9,489 branches as of January 1, 2018, according to the National Bank of Ukraine (NBU) website. In particular, the state-run Oschadbank closed the largest number of branches in 2017, namely 443 units, while UkrSibbank shut down 53 units, Pravex-Bank 45…
DetailsThe Road Administration will install electronic traffic signs with changing information permanently in the second half of this year, as the one-month testing period of the signs has been successful. The initial tests of electronic traffic signs were successful, Siim Vaikmaa, head of the Road Administration’s traffic management center, declared. Vaikmaa added that the development…
DetailsThe growth of the GDP in Tajikistan in 2017 amounted to 7.1% compared to 2016, the Tajik Statistics Agency reported. Tajikistan’s GDP amounted to about 61.1 billion somoni ($6.9 billion) in 2017. Agriculture, hunting, forestry, fishing and fish farming dominate in the GDP structure, making up 21.1% of the total GDP volume. The share of…
DetailsTurkmenistan’s Foreign Ministry has hosted a meeting with Mazen Shamiah, a Palestinian Authority Foreign Ministry official for Asia and Africa, the Turkmen Foreign Ministry said in a message. During the talks, the sides noted the need to further expand cooperation in trade and economy, as well as interest in developing relations between the business structures…
DetailsUkrainian President Petro Poroshenko has said that a priority of work in 2018 will be privatization and the replacement of the profit tax with the tax on withdrawn capital. “In 2018 our priorities in reforms are no less ambitious – privatization, deregulation, improving investment climate, national bureau on financial security, tax on withdrawn capital, liberal…
DetailsFollowing the results of 2017 Ukraine ranked second in terms of butter supplies to the European Union, Deputy Minister of Economic Development and Trade – Ukraine’s Trade Representative Natalia Mykolska informed on her Facebook page. “Ukraine once again confirmed the existing status quo as a reliable and important player in the European Union’s agrarian market.…
DetailsIn 2017 the Belarusian automobile engineering company BelAZ exported about 96% of its output, according to the BelAZ website. In 2017 Belarus’ export rose by 84.8% from 2016. Russia remained the main market, with the sales growth rate at 173.2%. The top three buyers in physical terms also included Uzbekistan and Kazakhstan. The growth rate…
DetailsAccording to preliminary data of the Central Treasury, the republican budget received 140.4.2 billion soms in 2017, the Ministry of Finance of Kyrgyzstan reported. The main part of the revenues is tax revenues – 91,462.8 billion soms. This is 9,977.1 billion soms more than in 2016. At the same time, the taxes and fees replenished…
DetailsThe launching of Baku-Sofia direct flight will contribute to the development of tourism and business relations between Azerbaijan and Bulgaria, Bulgarian Prime Minister Boyko Borissov said. Borisov made the remarks at an expanded meeting with Azerbaijani President Ilham Aliyev in Baku on January 15. “An encouraging fact is that up till now we have resolved…
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