The surplus of the national budget of Ukraine in January-October amounted to UAH 1.4 billion due to the surplus for the special fund of UAH 27.7 billion because of special confiscation in the amount of about UAH 30 billion in April this year, the State Treasury has stated. According to its data, the deficit of…
DetailsIn January-September enterprises and organizations of Ukraine used UAH 259.5 billion of capital investments, up by 20.7% YoY, the State Statistics Service reported. According to the State Statistics, own funds of enterprises and organizations remained the main source of financing of capital investments, due to which 72.7% of the total volume was used. Significant shares…
DetailsTajikistan and Germany signed agreements on financial cooperation for the period of 2016-2017 and on technical cooperation for the period of 2016-2017. The agreement was signed by the Minister of Economic Development and Trade Nematullo Hikmatullozoda and German Ambassador to Tajikistan Neithart Hofer-Wissing. These documents were signed in accordance with the agreements reached during the…
DetailsAshgabat has hosted round table discussions on the Turkmen-Saudi relations, the Turkmen Foreign Ministry said in a message on November 27. The event was held at the Institute of International Relations of the Ministry of Foreign Affairs of Turkmenistan. The Saudi delegation was represented by Rector of the Institute of Diplomatic Studies under the Ministry…
DetailsTurkmenistan is ready to use the East-West internal gas pipeline to supply its energy resources to international markets through the Caspian region. After the commissioning of the East-West gas pipeline in December 2015, great prospects were opened for further expansion of multilateral mutually beneficial partnership in the energy sector, says the report. Construction of various…
DetailsWhile those discussing establishing a direct ferry link between Saaremaa and Latvia have had in mind reestablishing service between Montu and Ventspils, others familiar with the tourism industry find that only a direct link with the Latvian capital of Riga would ensure a significant boost in revenue for the island. Saaremaa Municipality hopes to find…
DetailsThe National Bank of Kyrgyzstan has entered the currency market, selling dollars, for the eighth time in a month, its official website reported. $4.5 million was sold with settlements on the date of the transaction and $500,000 with settlements other than the date of the transaction. In November, the National Bank sold $38.2 million to…
DetailsUkraine hopes to receive the next payment of its $17.5 billion IMF program early next year and will aim to issue $2 billion on debt markets in 2018, finance minister Oleksandr Danyliuk declared. Oleksandr Danyliuk said that progress on the International Monetary Fund’s rescue plan depended on establishing a new anti-corruption court, as well as…
DetailsPrime Minister of Ukraine Volodymyr Groysman is confident that the country’s economic growth in 2018 will top 3%, the benchmark stipulated in the draft national budget. “I am absolutely convinced that we will be able to achieve economic growth exceeding 3% next year,” he declared. According to the prime minister, the accelerated economic growth will…
DetailsThe Turkmen Railway Transport Ministry and the Afghanistan Railway Authority have signed an agreement, which will give additional impetus to Afghanistan’s economic development and provide possibilities for the country’s access to third states. The MoU envisages a major overhaul of the railway track at the border station of Torgundi in Afghanistan. During the signing ceremony…
DetailsUkraine’s manufacturer of mineral fertilizers Cherkasy-based PJSC Azot, a part of the Ostchem holding owned by businessman Dmytro Firtash, has resumed the production of ammonia and carbamide after overhauls, according to Ostchem’s press service. “After major repairs, the company has resumed production of ammonia (workshop A-5) and carbamide (workshop M-2),” it wrote on Facebook. In…
DetailsEstonia had a tax-to-GDP ratio of 34.7% in 2016, slightly higher than the average ratio for member states of the Organization for Economic Cooperation and Development (OECD), figures available from the organization show. Estonia’s VAT burden was 14.9%, income tax burden 7.8%, social tax burden 11.6% and property tax burden 0.3%. On aggregate, the average…
DetailsCurrent taxes will not be raised and no new taxes will be introduced in Belarus till 2020. The provisions are stipulated by Ordinance No. 7 “On entrepreneurship development”, which the head of state signed on November 23. The ordinance prohibits raising tax rates and introducing new taxes, fees, and duties till 2020. Commercial entities, which…
DetailsThe aviation authorities of Kazakhstan and Uzbekistan have agreed on increasing flights between the two countries, the press service of the Civil Aviation Committee of the Investments and Development Ministry of Kazakhstan reported. Following the negotiations between the Civil Aviation Committee and the aviation administration of Uzbekistan, as well as airlines of the two countries,…
DetailsUkrenergo in January-September saw net profit fall by 11.3% (by UAH 196.131 million) compared to the same period last year, to UAH 1.545 billion. According to the financial report of the company, posted on the website of the Ministry of Energy and Coal Industry, its net income for the nine months increased by 27.7%, to…
DetailsUkraine has a huge potential to attract alternative energy sources but still does not use it, Vice Prime Minister – Minister for Regional Development, Construction, Housing and Utilities Hennadiy Zubko stated at the ninth international business forum Renewable Energy and Energy Efficiency Industry Modernization in Kyiv on November 23. “Solar energy, wind power, energy production…
DetailsConstruction has begun on a four-lane section of Tallinn-Tartu Highway between Kose and Ardu that will shorten the overall length of the highway by 5.3 kilometers. The four-lane section between Kose and Mao will be constructed in two stages. Construction on the 25-kilometer section between Kose and Voobu is already underway, while work on the…
DetailsLivestock farms of the Turkmen Ministry of Agriculture and Water Management have been provided with the planned volume of winter fodder. It was planned to collect 90,321 tons of various types of fodder. To date, almost 92,000 tons of fodder have been collected, which is 102% of the plan. In Turkmenistan, the harvest season starts…
DetailsSouth Korean company Evergreen Holdings plans to build a cement plant in Karakalpakstan. A relevant agreement was signed in Seoul between the representatives of “Uzkurilishmaterialary” and the Korean company. The total cost of the project exceeds $300 million. Evergreen Holdings intends to implement it in several stages based on the demand in Uzbekistan and neighboring…
DetailsTurkey’s Ziraat Bank plans to open three more branches in Azerbaijan, bank’s Director General Huseyin Aydin declared on November 23. He reminded that at present, two offices of the bank – the head office and one branch – operated in Baku. “We plan to open the remaining three branches in the Azerbaijani districts, where industry…
DetailsIn January-Octoberwater transport of Ukraine carried 0.5 million passengers, up by 30.2% YoY.
According to State Statistics Committee of Ukraine, total passenger turnover in Ukraine climbed by 0.4%, to 3.851.6 million passengers. (PortNews/Business World Magazine)
Debts to the PJSC Kyivenergo for electricity consumed in October grew by UAH 300 million and reached UAH 2.9 billion, the company’s press service reports. Kyivenergo informed that utility enterprises and population remained the main debtors – UAH 1.52 billion and UAH 674 million of debts, respectively. “As of November 1 the arrears of enterprises,…
DetailsThe recent GDP growth figures point to Belarus’ gradual economic recovery, Director of Alpari Eurasia Alexander Sabodin said during the online conference on November 22. “The transition from the two-year recession to the GDP growth is a sign that the hardest times are behind us,” he said. The expert stated, however, that the country’s economic…
DetailsLatvijas celu buvetajs, which is an association with ties to multiple road and bridge construction companies, invites deputies to support the proposal for the restoration of the State Road Fund, the association’s chairman Andris Berzins reported. “We have asked coalition deputies to admit multiple times that the gradual collapse of roads, especially regional and local…
Details340,000 bottles of counterfeit alcohol have been found in Kyrgyzstan, press service of the Ministry of Agriculture, Food Industry and Land Reclamation has reported. According to it, the violations were revealed during the planned inspection of the warehouses of Forester LLC by the employees of the Department for Regulation, Control over the Production and Turnover…
DetailsThe Asian Development Bank (ADB) has disbursed $50.85 million of budget support assistance for the second phase of a program to expand economic opportunities, develop the private sector, and attract investments to Tajikistan. The Bank reported that the program was designed and implemented in collaboration with other development partners. “Creating good jobs through increased private…
DetailsThe state-owned Oschadbank (Kyiv) after a tender to support short-term liquidity of banks on November 15 raised UAH 3 billion from the National Bank of Ukraine (NBU) for 84 days at 15.5% per annum using government domestic loan bonds as collateral, the press service of Oschadbank has reported. The press service said that the necessity…
DetailsPJSC Kyivmiskbud (Kyiv), one of the largest developers of Ukraine, acted as an investor in the project for the construction of the Svitlo Park mini city with a total area of 2 million square meters at 2A Naddniprianske Highway on the border of Pechersky and Holosiyevsky districts of Kyiv. According to the press service of…
DetailsIn the first six months since airBaltic has started performing regular domestic flights between Riga and Liapaja more than 4,780 passengers have been carried on this route. It is reported that airBaltic will be performing regular flights to Liepaja this winter and in the 2018 summer season. More than 715 bookings have already been made…
DetailsUkraine in January-October increased electricity exports by 38.9% (by 1.245 billion kWh) YoY, to 4.449 billion kWh, the Ministry of Energy and Coal Industry has reported. Energy supplies from the Burshtyn TPP energy island towards Hungary, Slovakia and Romania increased by 13.5% (by 318.3 million kWh), to 2.683 billion kWh. Electricity deliveries to Poland decreased…
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