Ukraine: Independent Association of Banks opposes political pressure on NBU

The Independent Association of Banks of Ukraine (NABU) opposes political pressure on the National Bank of Ukraine (NBU) and blocking of collection of debts from former owners of bankrupt banks against whom lawsuits were filed. “The association addresses Ukrainian President Petro Poroshenko, Prime Minister Volodymyr Groysman and Parliament Speaker Andriy Parubiy asking to guarantee independence…

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Ukraine: Economic Ministry registers Novodnistrovsk and FastIndustry industrial parks

Ukraine’s Ministry of Economic Development and Trade registered two industrial parks: Novodnistrovsk (Novodnistrovsk, Chernivtsi region) and FastIndustry (Fastiv, Kyiv region), the ministry’s press service has said. The industrial parks became the 16th and 17th in the register of industrial parks. According to the report, the functional purpose of Novodnistrovsk Park with an area of 15.36…

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Ukraine: local roads to be reconstructed

At present 120 thousand kilometers of local roads in Ukraine need to be reconstructed, Minister of Regional Development, Construction, Housing and Utility Services Hennadiy Zubko has said. “At present 120 thousand kilometers of roads – the local infrastructure that we must renew. UAH 400 thousand is the cost of a central road which runs through…

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Kyrgyzstan to choose best exporter

“Best Exporter” national competition will be held in Kyrgyzstan in 2017, Information Support Department of the government’s executive office reported. The decision to hold the competition was signed by the Prime Minister Sooronbay Jeenbekov. Competition is aimed at increasing export potential of the country, development of the industrial, tourism and agricultural complexes, stimulation of the…

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Kyrgyzstan: land tax to increase

Due to changes in calculating land tax mechanism, its rate in Kyrgyzstan can grow 100 times, Chairperson of the Association of Suppliers and Distributors Gulnara Uskenbaeva reported. In the new edition of the Tax Code, which is currently being discussed by the business community, the land tax rate, depending on the area and type of…

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