Representatives of small and medium-sized enterprises (SME) have noted the improvement of the business climate in Ukraine: the corresponding index in 2016 rose to plus 0.06 from plus 0.01 in 2015 (on a scale from minus 1 to plus 1), according to the results of the “Annual assessment of the business climate 2016.” “The index…
DetailsThe National Bank of Ukraine (NBU) on April 24, recognized Diamantbank (Kyiv) insolvent, according to the central bank’s website. The NBU board made corresponding decision No. 264-RSh/BT as of April 1, the bank failed to achieve the minimum level of regulatory capital adequacy at a ratio of 5% established by the central bank. Following the…
DetailsBaltic beverages producer Cido Group continues developing its export potential. The company has commenced exports of juices to Libya this year. This is the first African country that values juices produced in Latvia. Until now, Latvian juices have been exported to markets like China and United Arab Emirates, as reported by the company. All juices…
DetailsNext year’s budget gap is EUR 460 million, which is planned to be compensated for by raising taxes for alcohol and fuel. Large Latvian municipalities do not support the government’s proposed tax reform. Leaded petrol excise tax for 1,000 liters is planned to be increased by 7.8%, from EUR 436 to EUR 470 in 2018.…
DetailsIn 2017 the share of rapeseed planted areas (winter and spring) in the general structure of crop planted areas in Belarus will rise to 7.5% against 3.9% last year. Thus the planted areas of winter rapeseed for the harvest-2017 totaled 352.7 thousand ha, and the planned areas for spring rapeseed total 86.2 thousand ha, which…
DetailsThe Armenian government says “it is realistic” to secure a $200-million growth in exports in 2017, eyeing a further $450 million hike next year. Prime Minister Karen Karapetyan held consultations at the Ministry of economic development and investments. According to preliminary estimates, exports will grow from some $1.8 billion in 2016 to around $2.5 billion…
DetailsSouth Kazakhstan region plans to repair 123 high-rising apartment buildings under the Regions Development Program 2020, the press service of the local administration says. The repair works in 98 apartment buildings will be finished by the end of the year. In general, the region plans to repair 21 high-rising apartment buildings in Shymkent, 37 in…
DetailsProducers of energy received from renewable sources could be exempt from taxes. The bill was drafted by the deputies of the Parliament. The law proposes to introduce an item on the producers of electrical and thermal energy, gas and renewable fuels in the gaseous state, liquid biofuel received from the use of renewable energy sources.…
DetailsThe Privat Group, the former owner of which is businessman Ihor Kolomoisky, in a report on profit and losses and other revenue for 2016 admitted spending on reserves for depreciation of credits and advance payments to clients UAH 144.713 billion, according to a draft audit report of Ernst&Young (E&Y), posted by the creative producer of…
DetailsThe National Bank of Ukraine believes that the country’s economic growth will gradually speed up in 2018-2019 after a temporary slowdown in 2016. As the NBU press service reports, this will be facilitated by a further increase in consumer and investment demand at a high pace, as well as the export growth against the background…
DetailsA direct flight between Dushanbe and the Kazakh capital of Astana is expected to be launched in summer. The possibility of opening of the direct flight between Dushanbe and Astana was reportedly discussed at a meeting of Tajik Minister of Transport Khudoyor Khudoyorzoda with Kazakh Ambassador to Tajikistan Nurlan Seitimov. The two sides discussed issues…
DetailsChinese business delegation comprised of representatives of several major corporations visited Uzbekistan. They attended a business forum with participation of business circles of the two countries. The State Committee of Republic Uzbekistan for investments organised the event. Welcoming the participants, Deputy Prime Minister Ulugbek Rozukulov noted that the two countries had established a strategic partnership…
DetailsInternational reserves of Kyrgyzstan reduced by $20 million in March, the National Bank of Kyrgyzstan reported. As of the end of March, gross reserves amounted to $1,971.4 billion. In February the figure was slightly higher – $1,991.49 billion. At the same time, compared to December 2016, the country’s reserves grew by $2.27 million. In March…
DetailsAzerbaijan is ready to open a trading house in the UAE and appoint a trade representative there, Azerbaijani Economy Minister Shahin Mustafayev said. He made the remarks at the 6th meeting of the Azerbaijan-UAE intergovernmental commission for trade, economic and technical cooperation in Dubai, reads a message of Azerbaijan’s Economy Ministry. Speaking about trade relations…
DetailsCitibank (Kyiv) has decided to send UAH 1.269 billion to pay dividends, the bank has said in a report. The decision was made by the bank’s shareholders at a general meeting on April 19. Dividends will be paid within six month from the moment of the decision-making. Dividends will be paid directly to shareholders. Citibank…
DetailsThe European Bank for Reconstruction and Development (EBRD) intends to buy a stake in state-owned Oschadbank (Kyiv) in the amount of 10-25% depending on the price, and sell it in three or five years at one of the Ukrainian exchanges, EBRD Managing Director for Eastern Europe and the Caucasus Francis Malige has said. “We are…
DetailsPublic joint-stock company Ukrtransnafta in 2016 saw an 11.7% rise in net profit compared to 2015, to UAH 1.519 billion, the company’s press service reported on April 21. The press service said that taxes and duties paid grew by 64.3%, to UAH 2.19 billion. The large growth of payments to the national budget is linked…
DetailsDue to an increase in minimum wage to UAH 3,200, revenues to the national budget from military tax collection in January-March grew by 30%, the State Fiscal Service of Ukraine reported. “In January-March revenues to the state budget under the budget classification code 11011000 (military tax collection) amounted to UAH 3 billion 146.8 million, which…
DetailsA contract has been signed for the development of a reconstruction project of Zakusala television tower. The contract provides that a reconstruction project is to be developed in the next two years. The project itself will include reconstruction of technical and administrative rooms, as well as the publicly accessible portion of the television tower, which…
DetailsBased on current data, Tajikistan’s gross domestic product (GDP) for the first three months of this year was some 10.5 billion somoni (equivalent to little more than $1.2 billion), up by 6.5% YoY in comparable prices, according to the Agency for Statistics under the President of Tajikistan. In January-March GDP structure by sources of income…
DetailsThe foreign trade turnover of Tajikistan, including electric energy, has amounted to $775.7 million over the first three months of this year, which was 88.7% of the January-March 2016 level or $98.5 million less, according to the Agency for Statistics under the President of Tajikistan. The trade balance was negative and amounted to $315.5 million.…
DetailsAccording to initial estimates, in January-March Belarus’ gross domestic product totaled Br22.4 billion or 100.3% in comparable prices as against Q1 2016, the National Statistics Committee of Belarus reported.
In January-March the GDP deflator index amounted to 107% as against the same period of last year. (BelTA/Business World Magazine)
The state-owned Ukrgasbank in cooperation with Oxygen Group and ULF Finance has started to issue interest-free loans for the purchase of electric cars, the bank’s press service reported. The loan program is designed for four years. Loans will be issued at an interest rate of 0.001% a year with the first installment of 40% of…
DetailsThe CEO of PJSC Kyivmetrobud (Kyiv) signed a subcontractor agreement worth UAH 3.962 billion with Turkey’s Limak Insaat Sanayi Ve Ticaret A.S. to complete subway construction in Dnipro. According to a company report in the information disclosure system of the National Commission on Securities and the Stock Market, the right to sign the agreement arose…
DetailsIn March APK-Inform analysts adjusted the forecast supply and demand balances of grains and pulses in Ukraine, and once again lowered the article of domestic consumption of grains in the current season to the level of 25.3 million tons, a decrease of 1% compared with the previous forecast in February, and down by 2% compared…
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