If quarterly incomes of persons in Azerbaijan engaged in online business exceed 200,000 manats, they are subject to income tax and value added tax, the Azerbaijani Ministry of Taxes reported. “If the amount of taxable transactions exceeds 200,000 manats, these people should apply for registration as VAT payers in the first decade of the next…
DetailsCEO of Ukrainian national railways company PJSC Ukrzaliznytsia Yevhen Kravtsov has announced Ukraine, Belarus and Lithuania have launched a new container train. “Containerships Train, linking Lithuania, Belarus, and Ukraine, is our 22nd container train. We have now a competitive speed of delivery regardless of weather conditions, regular train runs and a clear schedule. In addition,…
DetailsIn June consumer prices in Ukraine fell by 0.5% MoM, according to the State Statistics Service of Ukraine. “Consumer prices in June decreased by 0.5% compared with May, but grew by 3.6% since the start of the year,” the report says. At the same time, compared with December 2018, consumer prices rose by 3.6% and…
DetailsAzerbaijan strives to increase agricultural production not only to meet local demand, but also to get broader access to foreign markets. In this regard, the country strengthens its efforts to support the activities of people engaged in agricultural production. To this end, Azerbaijan established the State Agro Trade Company under the Ministry of Agriculture last…
DetailsIn May the state debt of Kyrgyzstan reached $696 per capita. Over the month, the debt burden has grown by $1.51. According to the Ministry of Finance, as of May 31, the total amount of state debt (external + internal) of Kyrgyzstan was $4,453.86 billion (311,102.22 billion soms), including $3,783 billion (264,242.34 billion soms) of…
DetailsFreight volume handled in the Port of Liepaja in January-June fell by 5.5% YoY, to 3.655 million tons, the Port Authority reported. Transshipment of grain fell by 23.9%, to 1,306,800 tons, while of anthracite grew by 16.8%, to 772,000 tons, construction materials – by 12%, to 450,500 tons, and oil products – by 5%, to…
DetailsThe Ihor Sikorsky Kyiv International Airport, which boasts the second largest passenger traffic in Ukraine, increased traffic in January-June by 16% YoY, to 1.332 million, the airport’s press service said. According to the statement, in the period under review, traffic on international flights amounted to 1.298 million passengers, and on domestic flights – to 33,900.…
DetailsThe Deposit Guarantee Fund last week sold insolvent banks’ assets worth UAH 56.78 million, the fund’s press service reports. “Last week the assets of 18 banks, which are in the management of the Fund, were sold for UAH 56.78 million,” the report says. In particular, UAH 9.17 million was received from the repayment of fund…
DetailsGeorgia’s three international airports serviced 2,489,823 passengers in January-June, up by 18.24% YoY, said the Georgian Civil Aviation Agency. The number of passengers who took regular or charter flights in Georgia increased in all three main airports of the country: Tbilisi Shota Rustaveli International Airport, Batumi Aleksandre Kartveli International Airport and Kutaisi David Aghmashenebeli International…
DetailsDuring the first five months of 2019, the turnover of Azerbaijan’s non-oil sector increased by 8% YoY, the Ministry of Taxes reported. The increase in VAT turnover was 9.6%, according to the report. The trade and public catering sector showed the highest growth rates. The wholesale trade turnover grew by 18.4%, including 24.6% in terms…
DetailsERG Company is set to fund construction of the gas-turbine station in the country’s south. “The company is expected to invest $500 million in installing the gas-turbine station to provide the south of Kazakhstan with electricity and heat energy in the winter,” Shymkent mayor Gabidulla Abdrakhimov said. The government has approved the 2023 Shymkent complex…
DetailsIn January-June revenues of Ukraine’s consolidated budget made up UAH 528.8 billion, up by 14.2% YoY, according to the State Fiscal Service of Ukraine. Thus, UAH 401.3 billion was transferred to the state budget, up by UAH 44.4 billion, or by 12.5%. Local budgets received UAH 127.6 billion, up by UAH 21.4 billion, or by…
DetailsUkraine’s Infrastructure Minister Volodymyr Omelyan says the Cabinet of Ministers of Ukraine will propose that UAH 10 billion, or $389 million, be allocated in the draft national budget for 2020 for repairing local roads. “The government envisages that the next year’s budget should have a Road Fund, which will include 100% of fuel excise revenue,…
DetailsAS Tallink Grupp’s subsidiary Tallink Superfast Ltd. and KfW IPEX-Bank GmbH have signed a loan agreement in the amount of EUR 197.6 million to finance the new EUR 247-million LNG powered fast ferry currently under construction in Rauma Marine Constructions Oy, Tallink Grupp says in a press release. The loan is arranged and long term…
DetailsVolume of industrial production has grown in Kyrgyzstan ,the Deputy Head of the State Committee for Industry, Energy and Subsoil Use Zhyrgalbek Sagynbaev declared. According to him, the figures increased due to Kumtor and Taldy-Bulak Levoberezhny fields. In addition, in January-May volume of production amounted to 104,029.1 billion soms. According to the ministry, 88 permits…
DetailsGanja Automobile Plant has signed a contract with Russia’s KAMAZ automobile plant for the supply of a major cargo of spare parts for vehicles. The contract was signed for the supply of spare parts worth 400 million rubles (about 10.68 million manats). The KAMAZ carmaker has 11 major automotive factories and auxiliary cycle divisions. KAMAZ…
DetailsPrime Minister Volodymyr Groysman has said that there are no reasons for raising gas prices for the population this autumn. “Naftogaz is pumping gas at current prices. These are the lowest prices, so they cannot be raised, since gas reserves in storages at the beginning of the heating season will be set at 20 billion…
DetailsIn Ukraine UAH 8 billion was invested in energy saving measures in the period from the end of 2014 to 2019, Chairman of the State Agency for Energy Efficiency and Energy Saving Serhiy Savchuk said at a press conference. “From the end of 2014 to 2019, the warm loan program has allowed investing UAH 8…
DetailsInflation was 2.4% YoY to June 2019, Statistics Estonia reports. Services saw a higher Consumer Price Index (CPI) rise than goods, 3.5%, compared with 1.8%. Regulated prices of goods and services rose by 0.8% and non-regulated prices by 2.9%. CPI rises were affected the most by food and non-alcoholic beverages, which comprised nearly 30% of…
DetailsMutually beneficial cooperation between Uzbekistan and Afghanistan in electricity supply plays an important role in the development of bilateral relations. Uzbekistan and Afghanistan plan to have signed a 10-year contract for the electricity supply on “take-or-pay” terms by the end of October. A take-or-pay contract is a rule structuring negotiations between companies and their suppliers.…
DetailsConstruction of a 50 MW solar power station has started in Sozak region of Turkestan region with support of Kazakh Invest National Company JSC. The region’s biggest solar plant is expected to generate 114 million kW annually, Kazakh Invest reports. Foreign investor, Risen Energy, participates in the implementation of the project worth $60 million. Construction…
DetailsThe National Bank of Ukraine (NBU) has registered a new domestic payment system, the central bank’s press service has reported. “The National Bank of Ukraine agreed the rules and registered the domestic payment system Lime Money,” the report says. The payment organization of the domestic payment system Lime Money is Smart Finexpert LLC (Mykolaiv). Lime…
DetailsIn the first quarter of 2019, exports of Ukrainian goods and services to Canada amounted to $41.9 million, up by 48.8% YoY, the press service of the Economic Development and Trade Ministry wrote on Twitter. In particular, over the reporting period, Ukraine’s exports of goods to Canada made up $27.2 million, up by 62.4%. The…
DetailsAccording to the National Statistical Service of Armenia, Armenia recorded a 11.7% growth of exports of goods in May 2019 against May 2018. Some types of the goods recorded double-digit rise of export in May 2019 against May 2018, as well as in the January-May of this year against the same period of 2018. Some…
DetailsIn January-April the average monthly salary in Baku increased by 3.9% YoY and amounted to 820 manats, the Baku city Statistical Department reported. The employees of enterprises and organizations engaged in industrial, financial and insurance, professional, scientific and technical spheres, as well as ICT and construction sectors had the biggest average monthly salaries. The employees…
DetailsStarting from July 6, Kazakhstan and Japan are launching a direct flight between capitals, the Ministry of Industry and Infrastructure Development reported. The Nur-Sultan-Tokyo flight to be operated by Kazakh SCAT Airlines will be carried out each Saturday with a possible increase of the flights to a couple of times a week. The Chairman of…
DetailsFirst Deputy Prime Minister of Ukraine, Minister of Economic Development and Trade Stepan Kubiv says Ukraine demonstrates strong economic growth, but to significantly accelerate its pace, the government should ensure the opening and liberalization of markets for the entry of private capital in a number of key sectors. “For economic growth to be more dynamic,…
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