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Uzbekistan: JVs for fruit processing to be set up with Egypt

The Uzbek-Egyptian business forum was held on March 1, in Tashkent during the visit of Egyptian delegation led by Deputy Minister of Trade and Industry of Egypt, Ahmed Taha Boraya. The event was attended by representatives of business circles of the two countries: officials of more than 40 Egyptian companies, such as "Techno Marble", "El-Garhy Steel Group", "Delta pharma Bio...

Ukraine: state budget’s revenues up in February 2019

Revenues of the state budget in February amounted to UAH 70.3 billion, up by 24.9% YoY, according to the press service of the Finance Ministry. "In February, according to the data provided by the State Treasury Service, revenues of the state budget (general and special funds) amounted to UAH 70.3 billion, or 108.6% of the plan. Revenues grew by 24.9%...

Ukraine: state-owned banks problem loans down in 2018

Ukraine's state-owned banks in 2018 reduced problem loans by UAH 5 billion, or by $185.3 million, and restructured debts by UAH 21 billion, or by $778.1 million. The country's Financial Stability Council in July 2018 created a committee to regulate non-performing loans of state-run banks. It also developed recommendations for such banks, according to the first regular report on state...

Tajikistan: duty-free export of goods negotiated with Europe

The European Commission cooperates with Tajikistan at the centralized, regional, subregional and national levels with projects managed from Brussels and Dushanbe. The European Union (EU) may allow a duty-free supply of Tajik products to the European market in exchange for labor protection, the environment, and efficient management. Head of the State Committee on Investments and State Property Management Farrukh Hamralizoda and...

Latvia: Culture Ministry ordered to pay EUR 9.3 million to construction companies

Riga City Vidzeme Suburb Court has partially satisfied the plea submitted by National Association of Construction Companies, which is responsible for the construction of Latvia's National Library, and has enforced from Latvia's Culture Ministry EUR 9,272,319 as well as court expenses of EUR 60,083 in favor of the said association. Culture Ministry has announced plans to appeal this ruling. The court...

Azerbaijan: expansion of energy cooperation mulled with Saudi Arabia

Azerbaijan and Saudi Arabia will discuss expansion of cooperation in the field of energy, agriculture and the IT sector, Azerbaijan's Finance Ministry reported. These issues will be included in the agenda of the meeting of the fifth joint intergovernmental commission of the two countries to be held on March 4. The parties will also discuss the development of trade relations and...

Ukraine: Kyiv-Lviv-Uzhhorod flights to be resumed in mid-March 2019

From March 15, air service between Uzhhorod and Kyiv will be resumed with the Kyiv-Lviv-Uzhhorod flight, which will be operated once a week, President Petro Poroshenko wrote on Facebook. "As promised, we will resume regular air service with Uzhhorod in March. Finally, after a long period, the Uzhhorod airport will work! We will begin on March 15 with the flight...

Ukraine: payments to depositors of insolvent Zlatobank suspended

The Deposit Guarantee Fund has temporary suspended payments to depositors of insolvent JSC Zlatobank, the Fund's press service reports. "The Grand Chamber of the Supreme Court under the ruling dated February 5, denied motions submitted by the Deposit Guarantee Fund and National Bank of Ukraine against the decision of Kyiv Administrative Court of Appeal, dated October 25, 2017, canceling liquidation...

Georgia: economy up in January 2019

Georgia's economy is growing steadily, show the latest data from the National Statistics Office of Georgia (Geostat). The estimated real gross domestic product (GDP) growth rate in January equaled 3.5% YoY. Last month the estimated real growth, compared to the same period of the previous year, was posted in the following activities: trade; hotels and restaurants; financial intermediation; real estate, renting...

Armenia: electricity to be exported to Iraq

Armenia and Iraq are planning to launch energy cooperation, Ambassador Hrachya Poladian said after a meeting with Iraqi Minister of Electricity, Dr. Loay Al-Khatib. "The Ambassador noted the possibility of cooperation in the field of electricity transmission from Armenia to Iraq, and the use of alternative energy sources," the Armenian Embassay said in a tweet. According to a statement by the...