The Ministry of Economy proposes to raise the excise tax on all alcohol in Kyrgyzstan by 10 soms. The ministry submitted the draft government resolution for discussion. The background statement to the document says that excise tax rates for wine stock, wine, cognac and sparkling wine remained unchanged since March 2013, beer – since June…
DetailsTotal volume of capital of Azerbaijan’s banking sector amounted to almost 2.76 billion manats in January-May, according to a banking sector outlook of the Financial Market Supervisory Authority (FIMSA). Total capital volume of Azerbaijani banks has increased by 44.5% since early 2017. By late May, the sector’s total assets amounted to 30.1 billion manats as…
DetailsKazakhstan and Uzbekistan discussed organization of Uzbek cargo transportation through Kazakh port of Kuryk on the Caspian Sea. This issue was discussed at the meeting of head of Kazakh railway company Kazakhstan Temir Zholy Kanat Alpysbayev and Deputy Prime Minister of Uzbekistan – Chairman of the Board of Uzbek railway company Uzbekiston Temir Yullari Achilbay…
DetailsThe International Bank of Azerbaijan (IBA) has received enough votes from creditors to start the process of restructuring its foreign liabilities, Bloomberg reported, referring to the bank’s statement. Creditors holding more than 87% of the debt have voted in favor of the restructuring process, according to the report. Voting on the plan of voluntary restructuring…
DetailsUkraine has fully used its annual quotas for the European Union’s duty-free exports for nine commodity groups in 2017, according to the press service of the Ukrainian Agribusiness Club Association (UCAB). In particular, the quotas for honey, sugar, cereals, flour, processed tomatoes, grape and apple juice, chicken meat, and grain, namely wheat, maize, and barley…
DetailsMore than UAH 16 billion will be spent on road construction in Ukraine this year, Ukrainian President Petro Poroshenko has said. “We are confident that more than UAH 16 billion will be used for road construction where it has never been done in Ukraine this year so that people could feel we have resources to…
DetailsCentral Asian states, Uzbekistan and Turkmenistan, which traditionally enjoy fruitful and successful cooperation, voiced commitment to deepen the ties. Uzbekistan’s President Shavkat Mirziyoyev and Deputy Chairman of the Cabinet of Ministers, Foreign Minister of Turkmenistan Rashid Meredov discussed the expansion of practical Uzbek-Turkmen cooperation. The sides discussed the expansion of cooperation between the countries, as…
DetailsPlanning 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…
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