The State Customs Committee of Azerbaijan transferred almost 974.9 million manats to the state budget in January-May, up by 14.6% YoY, according to the Committee’s report. The Committee transferred almost 216.8 million manats to the state budget in May. Revenues from customs duties amounted to 57.8 million manats, from the value added tax – 149.91…
DetailsUkraine’s total state direct and government-guaranteed debt in April grew by 2.7%, or by UAH 21.12 billion ($1.95 billion), to UAH 1.973 trillion ($74.31 billion), Ukraine’s Finance Ministry reported on its website. Since the beginning of the year the total state (direct) and government-guaranteed debt in dollar terms has increased by 4.7%. According to the…
DetailsUkraine’s Infrastructure Ministry Minister Volodymyr Omelyan has supported the idea of curtailing bus and railways travel to and from the Russian Federation and establishing a visa regime with that country. “As a citizen of Ukraine I support the idea,” Omelyan said, adding it was up to Ukraine’s government to make the final decision. Omelyan, meanwhile,…
DetailsCompared to April 2016, industrial production output increased by 9.6% in April 2017. Industrial production output in manufacturing grew by 6.2%, in mining and quarrying by 20.7%, and in electricity and gas supply by 18.8%. Increase in manufacturing was significantly affected by the rise in manufacture of electrical equipment (by 31.9%), manufacture of computer, electronic…
DetailsBelarus has raised more than $140 million in direct investment from Finland over the past five years, Ambassador Extraordinary and Plenipotentiary of Belarus to Finland and concurrently to the Kingdom of Denmark Alexander Ostrovsky said. Finland is among top 20 investors of Belarus. Last year alone, the volume of investments amounted to $12.5 million, of…
DetailsKostanay-Moscow flight has been relaunched and will be operated three times a week. Assistant to director of the Kostanay airport Alexander Andreyev revealed that the renewal of the Kostanay-Moscow flight had been long time in the making. As a result, Aeroflot air carrier made the best proposal. “The airline carried out the first successful flight…
DetailsStructural reforms, including those in the banking sector, will help ensure the growth of Azerbaijan’s GDP, reads the latest edition of the World Bank’s (WB) Global Economic Prospects report. The report says Azerbaijan’s economy will grow by 0.6% in 2018 and by 1.3% in 2019. Since the beginning of 2017, Azerbaijan’s economy began to recover,…
DetailsThe state and government-guaranteed debt of Ukraine in January-April rose by $3.33 billion, or by 4.7%, to $74.31 billion as of April 30, according to the Finance Ministry’s website. The debt in hryvnia equivalent for the said period went up by UAH 3.16 billion, or by 2.2%, to UAH 1.973 trillion. According to the given…
DetailsLOT Polish Airlines is to launch on August 4 a new international flight between the western Ukrainian city of Lviv and the Polish city of Bydgoszcz, according to the Lviv Regional State Administration. The flights will be performed twice a week on Mondays and Fridays, according to the schedule published by Lviv Danylo Halytskyi International…
DetailsIn June, UAH 725 million in subsidies will be paid to farmers, which is almost three times as much as in May, the press service of the Agrarian Policy Ministry reports. “The Agrarian Policy Ministry of Ukraine transferred to the non-budget account of the State Treasury Service of Ukraine UAH 692 million for automatic payment…
DetailsTurkmenistan’s GDP growth rate was 6.3% in January-May, Bashim Khojamamedov, deputy prime minister for economy and finances, said at a government meeting on June 3. The growth rate was 2.9% in industrial sector, 4.1% in construction, 10.8% in transportation and communication sector, 9.5% in trade, 3.6% in agriculture, and 10.2% in the sphere of services,…
DetailsTurkmenistan will start wheat-harvesting campaign in the Ahal, Balkan, Lebap and Mary provinces on June 7 and in the Dashoguz province on June 14, the country’s Agriculture Ministry reported on June 3. It is planned to harvest 1.6 million tons of wheat in 2017. Turkmenistan harvested 1.6 million tons of wheat in 2016. The country…
DetailsOn June 2, Latvian airline airBaltic received the fourth out of twenty ordered Bombardier CS300 aircraft. airBaltic plans to expand its existing fleet of CS300 aircraft to 8 in 2017. Airline’s representatives say a more modern fleet will help expand and service 13 new destinations, as well as increase ticket sales by 15%. “The fourth…
DetailsThe European Parliament has decided to hold interinstitutional negotiations on granting Ukraine additional trade preferences, having deleted two agricultural tariffs, wheat and processed tomatoes, and one industrial tariff, urea, from the annexes. The vote took place as part of the EP plenary session in Brussels on June 1. The decision was adopted by 475 votes…
DetailsOut of the “storm” of negative factors Belarus has emerged with an ideal macroeconomy, Alexander Zaborovsky, Chief Advisor to the Chairman of the Board of the National Bank of the Republic of Belarus, declared during the international conference held in Minsk on June 2 to discuss economic security in a globalized world. The expert pointed…
DetailsJapan’s government will provide a grant for implementation of the second phase of the Project for Improvement of Dushanbe International Airport. According to Tajikistan’s Ministry of Finance (MoF), a grant agreement for 356 million Japanese yens was signed in Dushanbe on March 31 between the government of Tajikistan, represented by Abdusalom Qurboniyon, Minister of Finance,…
DetailsDart airline from June launched regular flights on the Kyiv-Bologna (Italy) route from Kyiv Zhuliany International Airport. According to a press release from the airport, flights will be carried out on Tuesdays and Fridays on board modern Airbus A320/319 aircraft. Departure from Kyiv will be at 09:50, departure from Bologna at 12:35. Dart airline has…
DetailsUkraine added 1.608 billion cubic meters of gas to underground storage in May, according to operational data from Ukrtransgaz. Inventories increased by 24%, to 10.043 billion cubic meters as of the end of May, up from 8.1 billion cubic meters as of March 22, when the heating season ended. The total was 9.6% more than…
DetailsUkraine’s economic losses from the conflict in Donbas in 2016 amounted to 20.4% of GDP, according to statistics data given in the Global Peace Index, published by the Institute for Economics and Peace in Sydney, Australia. According to its data, the economic cost of violence in the country is 20.4% of GDP, or $66.749 billion…
DetailsKazakhstan’s flag carrier Air Astana has announced the launch of a new route between Uralsk and Frankfurt starting from June 14.
Flights will be operated once a week on comfortable Airbus-320.
Local authorities instructed local border service to improve the quality of service at the international terminal of Uralsk airport. (Kazinform/Business World Magazine)
Tajikistan’s Communications Service building design has won the five-star Asia Pacific Property Award 2017 for the Best Commercial High-rise Architecture. The building design has been worked out by the design office of Tajik Architects’ Union. The design authors are chief architect Bahrom Yusupov and architects K. Naimov, R. Sharipov and H. Ayubjonov. Yusupov says the…
DetailsThe economy of Kyrgyzstan experienced a shock after joining the EEU, the Economist of the World Bank office in Kyrgyzstan Bakyt Dubashov said on June 2 at a press conference. According to the results of 2016, macroeconomic growth was noted at the expense of Kumtor, but even without gold mining, there is an increase of…
DetailsThe tender commission for selecting investors to construct incineration plants in Lviv region has recognized as winners all three companies that participated in the second round of the tender. The commission announced this decision at a meeting on May 31. Thus, Investment and Environmental Company, Glasswork Technology LLC and Waste Management Systems LLC got the…
DetailsCompared to Q1 2016, the volume of freights carried by land and pipeline transport increased by 3.6 million tons or by 13.6% in Q1 2017. The most notable growth in the volume of freights carried was recorded in road transport – of 2.6 million tons or 22.2%. The volume of freights carried by land and…
DetailsUkrainian Deputy Prime Minister Stepan Kubiv cut the government’s 2017 economic growth forecast to 1.8% from 3%, citing a trade blockade with separatist-held territories as one of the drivers for the revision. The new forecast is just below the central bank’s revised prediction of 1.9%. Kubiv said growth for 2018 would likely climb to 3%,…
DetailsThe process of consolidation of two Azerbaijani banks – AtaBank and Caspian Development Bank – has been completed, Chairman of AtaBank’s Management Board Dayanat Guliyev said on June 1. Guliyev noted that as a result of the consolidation, sufficient financial reserves were formed and the bank’s capital position had been strengthened. According to him, as…
DetailsThe First Ukrainian International Bank (FUIB) holds the leading positions in the annual rating of “50 leading banks of Ukraine”, which is compiled by the online media Financial Club. According to the results of 2016, FUIB improved its positions in the general rating of banks by three points and took the 6th place. Several FUIB…
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