High growth rates in the economy will be preserved in Kyrgyzstan at the expense of good external conditions. The monthly macroeconomic review published by the Eurasian Development Bank (EDB) contains such conclusions. It is noted that in January-May GDP growth slowed to 6.8%. In May there was also a decline in output in a number…
DetailsArricano Real Estate Plc (Cyprus), a managing company and developer of several shopping centers in Ukraine, is ready to buy one of the largest shopping centers in Kyiv – Sky Mall – from bank Pivdennyi (Odessa). The mall was transferred to ownership of the financial institution to pay a debt. The press service of Arricano…
DetailsNo plans have been made to introduce new taxes in Belarus in 2018, Belarusian Tax and Duties Minister Sergei Nalivaiko declared. According to the source, the Belarusian Tax and Duties Ministry abides by the effective moratorium on new taxes and on raising tax rates. There are no plans to introduce new taxes in 2018. Tax…
DetailsRepresentatives of Uzbekistan Airways and Turkmenistan Airlines have held meetings in Tashkent city regarding carrying out the flights between the capitals of the two countries, the press service of Uzbekistan Airways reported. The meetings were organized as part of the implementation of the memorandum of cooperation between Uzbekistan Airways and Turkmenistan Airlines signed in May…
DetailsThe recently completed merger of Azerbaijan’s Atabank OJSC (AB; B-/Negative/b-) with Caspian Development Bank (CDB) has no immediate impact on Atabank’s ratings, Fitch Ratings said in its report. This reflects Fitch’s base case view, based on public disclosure, that the positive impact from the higher capital ratios of the merged bank is counterbalanced by recent…
DetailsThe National Commission for Energy, Housing and Utilities Services Regulation (NCER) has issued a natural gas supply license to Naftogaz Ukrainy gas supplying company LLC. The decision was made on July 4. Gaz Ukrainy, the subsidiary of Naftogaz Ukrainy, fully owns the limited liability company. Earlier Naftogaz Ukrainy Commercial Director Yuriy Vitrenko said that Naftogaz…
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