The Ukrainian government and the National Bank of Ukraine jointly face foreign currency debt payments in excess of $24 billion in 2020-2022, including interest. The NBU report on financial stability says most of this amount will need to be refinanced in foreign markets, therefore cooperation with the International Monetary Fund and other international financial organizations…Details
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Ukraine’s tax expert Andriy Hmyrin says all experts, assessing the volumes of smuggling at customs, agree that the national budget has at least $10 billion (about UAH 250-UAH 300 billion) in annual losses. “When calculating the volume of smuggling, various experts come up with different figures. But they all agree that it is at least…Details
Uzbekistan Railways launches two new trains to Russia. “Starting from December 13 the Termez-Moscow-Termez train began to run, and from February 2020 a new direction, Andijan-Ufa-Andijan, will be added to the network schedule,” the company noted. In December 17 trains of the Uzbek carrier run from the capital of Uzbekistan Tashkent to Russia’s Volgograd, Yekaterinburg,…Details
An investigation by newspaper Postimees reveals that Estonia’s economic growth is being built at the expense of third-country migrants who often face mistreatment at the hands of bosses and companies. The daily reported it had found over 1,000 online job adverts targeting workers in Ukraine from EUR 4 hourly-paid jobs in Estonia and advertising working…Details
Azerbaijani President Ilham Aliyev has signed an order regarding measures to renovate roads in Khirdalan city. Under the presidential order, 3 million manats are allocated to the Azerbaijan Highway State Agency for renovation of the roads in Nizami, Haji Zeynalabdin Tagiyev, Sattar Bahlulzade and Galubiyya streets in Khirdalan city. (AzerNews/Business World Magazine)Details
Ukraine’s low-cost airline SkyUp Airlines has launched the sale of tickets for flights from Kharkiv to Batumi (Georgia), Burgas (Bulgaria) and Tel Aviv (Israel). The airline also resumes flights from Kharkiv to Tbilisi (Georgia), according to the airline’s press service. “On December 16 SkyUp Airlines launched the sale of tickets for flights from Kharkiv to…Details
Deputy Chairperson of Public Union “Sheep and Goat Breeding of Ukraine” Natalia Yakymenko says Ukrainian producers of feta cheese have come up with a new, substitute name for the product manufactured in Ukraine, that is “Nabil Rozsilny” (brined cheese). “In Ukraine there is an ancient word “nabil” that is rarely used. Therefore, manufacturers propose feta…Details