Belarus: lower export duty on potash fertilizers to have little effect on budget

The reduction of the customs duty on the export of potash fertilizers will not substantially influence the state budget, Belarusian First Deputy Finance Minister Maxim Yermolovich declared after an expanded-participation session of the Budget and Finance Commission of the House of Representatives of the National Assembly of Belarus on June 14. When asked whether this…

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Ukraine: Cabinet to keep defense expenditures in 2018 at 5% of GDP

Ukraine’s Cabinet of Ministers has proposed retaining expense expenditures for 2018 at 5% of GDP, according to the draft bill “Budget policy basics for 2018-2020 (Budget Resolution).” “The priority is supporting defense and security: expenditures for this sphere for 2018 will be at 5% of GDP,” Finance Minister Oleksandr Danyliuk said, presenting the resolution. “Within…

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Belarus: MAZ rolls out 6WD skylift

The Belarusian automaker MAZ has made its first all-wheel drive skylift AGP-40-K, which can lift three people with instruments up to 40 m above the ground. With the all-wheel drive skylift of its own MAZ will be able to expand its presence on the market of utility vehicles. MAZ representatives explained that the vehicle was…

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Azerbaijan: IBA’s foreign debt restructuring plan to be approved until mid-July 2017

The situation with approval of voluntary restructuring plan of foreign obligations of the International Bank of Azerbaijan (IBA) by foreign creditors will be clarified by mid-July, Azerbaijan’s Finance Minister Samir Sharifov declared on June 13. “We have already informed the public about the negotiation process,” said the minister. Earlier, the IBA commenced a process of…

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Ukraine: priority action plan for industry development includes six basic industries

The Ukrainian Institute for the Future at the request of the Ministry of Economic Development and Trade of Ukraine has prepared proposals for the priority action plan for industrial development in Ukraine based on the analysis of the state of the six key industries (mining, metallurgical, chemical and petrochemical, food industry, electric power engineering, machine…

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