Planning for faster increase of excise tax rate on fuel, cigarettes and alcohol, the Latvian Cabinet of Ministers has backed amendments to the law On Excise Tax. The amendments set forth raising from 2018 the excise tax rate on unleaded petrol by 7.8%, on leaded petrol by 24%, on diesel by 11% and on liquified…
DetailsIn January-May Belarus’ export of goods and services went up by 20.6% YoY, to $13.553 billion, according to the website of the National Bank of the Republic of Belarus. In January-May Belarus’ foreign trade in goods and services amounted to $26.841 billion (up by 18.1% YoY). Export of goods and services totaled $13.553 billion (up…
DetailsForeign investment in Kyrgyzstan fell by a half from $1,573.2 billion in 2015 to $814,000 in 2016, the National Statistics Committee reported. Manufacturing industries accounted for a third of direct investments. Also, a significant share of investments is taken by geological exploration (20.3%), financial intermediation and insurance (22%). There was less direct foreign investment from…
DetailsStakeholders of Azerbaijan’s DemirBank decided to increase the bank’s total capital, the bank said in a message. The capital will be increased by transforming the bank’s external liabilities worth $105 million into Tier 1 capital, according to the message. The bank’s recapitalization plan approved by the stakeholders has already been submitted to the Financial Market…
DetailsThe state-owned enterprise Boryspil International Airport in 2013-2016 provided discounts to the airport fees only to the private joint-stock company Ukraine International Airlines (UIA, Kyiv), according to recommendations of the Antimonopoly Committee of Ukraine dated June 14 and published recently. “The discounts were not provided to other airlines,” the committee said. The committee said that…
DetailsThe National Bank of Ukraine (NBU) has become a member of the Basel Consultative Group (BCG), the outreach arm of the Basel Committee for Banking Supervision (BCBS), the NBU has reported on its website. “The BCG aims at attracting supervision officials of the countries which are not committee members to the discussion of new proposals…
DetailsThe public joint-stock company Agrarian Fund has ordered mineral fertilizers valued at UAH 1 billion from Ostchem Group, which allowed three enterprises of the group to resume operations. According to a press release of Agrarian Fund, the funds to form batches of fertilizers and launching the plants totaled some UAH 1 billion, including UAH 750…
DetailsA free trade agreement between Turkey and Ukraine will be signed by the end of this year, Turkish Deputy Economy Minister Fatih Metin said at a meeting of the International Turkish Ukrainian Businessmen Association (TUID) in Kyiv on July 11. According to Metin, the free trade agreement between Turkey and Ukraine is being drafted, but…
DetailsIn January-June the Freeport of Riga handled 17,512,200 tons of cargo, down by 4.1% YoY. Coal transshipment climbed by 7.4%, to 6,398,600 tons, wood pellets by 13.4%, 353,000 tons, oil products dropped by 31.8%, to 3,270,400 tons, ore by 9.2%, to 165,400 tons. The port’s container throughput grew by 14%, to 208,107 TEUs. Passenger turnover…
DetailsUkrainian enterprises in June imported gas at an average price of UAH 5,566 or $213.7 per 1,000 cubic meters, according to the website of the Ministry of Economic Development and Trade. In January, according to the Ministry of Economic Development and Trade, the price of gas imports amounted to $229.51 per 1,000 cubic meters (UAH…
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