Uzbekistan’s former Deputy Prime Minister Ulugbek Rozukulov has been appointed the director general of the country’s national airline Uzbekistan Airways, a source in the airline’s management reported on August 24. Uzbekistan Airways was earlier headed by Valeriy Tyan. Uzbekistan Airways is a flag carrier airline in Uzbekistan and is wholly owned by the state. It…Details
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Turkmenistan-China gas relationship may be viewed as one country’s over-dependence on another, Sean Roberts, an expert on Central Asia and Associate Professor of the Practice of International Affairs, said commenting on the construction of Tajik section of the Turkmenistan-Uzbekistan-Tajikistan-Kyrgyzstan-China gas pipeline launched last month. “On one hand, it is easy to understand why Central Asia…Details
Pressure on the increase of costs in the next several years will be enormous, and there are worries about the government’s ability to withstand that, said Fiscal Discipline Council’s member Andzs Ubelis. According to him, the government’s recently approved outlook on economic growth this year of 3.7% is realistic and satisfactory. Latvia’s economy is expected…Details
Poor households will gain very little from the recently approved tax reform. There is a large number of unemployed people, which will not the change with PIT, according to results of a study performed by Stockholm School of Economics in Riga and economic policy research center Biceps. At the same time, the reform does not…Details
Baltic Association – Transport and Logisics President Inga Antane describes the situation with Latvia’s transit industry as tragic. Cargo volume decline has been continuing since 2012. Antane also mentions that, looking at the recent past, 2016 was one of the worst in Latvia’s transit history. It should be added that from April onward there was…Details
The Board of the National Bank of the Republic of Belarus (NBRB) has decided to reduce the refinancing rate from 12% to 11.5% per annum on September 13, the information and public relations office of the National Bank of the Republic of Belarus reported. The interest rates on standing and bilateral transactions designed to maintain…Details
Ukraine: NBU lifts restrictions on issue of forex cash and banking metals from current and deposit accounts
The National Bank of Ukraine (NBU) has lifted restrictions on the issuance of cash in foreign currency and banking metals from current and deposit accounts through cash desks and ATMs, the NBU reported on the website. “Individuals will be able to receive cash in foreign currency or banking metals from current and deposit accounts through…Details