The European Investment Bank (EIB) will allocate EUR 450 million to Georgia through three loan agreements, the EIB and Georgian Prime Minister’s Office said. EUR 250 million will be allocated to finance new construction and upgrading of priority roads, EUR 100 million for the rehabilitation and upgrading of municipal infrastructure and a EUR 100 million…
DetailsThe government, entrepreneurs and social partners continue sharp discussions of the future of micro-enterprises and the tax regime to be applied to them in the foreseeable future. One proposal suggests canceling the payment of mandatory minimal social fees and increasing micro-enterprise tax rate from 9% to 15%.This proposal was reviewed week by members of the…
DetailsDCH Group of the Kharkiv businessman Oleksandr Yaroslavsky has detailed its plans to create a consortium for the purchase of the Odessa Port-Side Plant. “We intend to involve Rothschild & Co Bank as an advisor for establishing an international consortium to acquire Odessa Port-Side Plant. At the moment, we are discussing its role as an…
DetailsSprouts of winter crops in Ukraine appeared throughout the areas of 6.5 million ha, or 93% of the planted areas, the Ministry of Agrarian Policy and Food of Ukraine informed. According to the announcement, as of the reporting date 83% of the sprouted areas were in good and satisfactory condition (5.4 million ha), and 17%…
DetailsThe construction of a new aircraft repair factory will end in 2017. Deputy Prime Minister of Belarus Anatoly Kalinin was made familiar with progress of the project to build the aircraft repair factory and the project to build the second runway in the Minsk National Airport. The new aircraft repair factory will allow developing the…
DetailsBy 2021 the export volumes of vegetable oils from Kazakhstan will grow to nearly 400 thousand tons, oilseed meals – to nearly 500 thousand tons, the member of the board of directors at EFCO Group of Companies Vladislav Romantsev declared. Realization of the project on foundation of the fat-and-oil cluster on the basis of production…
DetailsBelarus’ largest commercial bank OAO Belarusbank has signed memorandums of understanding with African Export-Import Bank and Slovenian SID Banka during Belarusbank’s conference in Frankfurt (Germany), the bank’s press service reported. The conference gathered around 100 representatives of the World Bank, German financial institutes and insurance companies, as well as representatives of such institutions of Italy,…
DetailsOn December 3-9, Ukraine exported 635.2 thousand tons of grains from the seaports against 550.9 thousand tons on the previous week. In particular, wheat shipments reached 188.3 thousand tons, corn – 429.9 thousand tons, and barley – 17 thousand tons. (APK-Inform/Business World Magazine)
DetailsIn January Belarus’ consumer prices grew by 1.9%, in February – by 2.9%, in March – by 0.8%, in April – by 0.7%, in May – by 0.5%, in June – by 0.4%, in July – by 0.4%, while August saw a 0.1% deflation. In September consumer prices resumed growth at 0.7%, and at 0.8%…
DetailsThe overall turnover of commodities and services in foreign trade shrank by 10.5% YoY in January-October to $48.73 billion. Exports of commodities and services reduced by 11.4% YoY to $24.48 billion, and imports decreased by 9.5% to $24.24 billion. According to the NBB, the deficit of foreign trade in goods totaled $1.756 billion compared to…
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