Estonian fintech unicorn firm Transferwise has shortened its name to Wise, the company has announced. The name change resulted from the company’s growth beyond its original incarnation as a secure money transfer platform, branching out into international banking and other services, the company says. “For generations, banks have been defined by borders,” co-founder and CEO…Details
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Legal entities have only one this left to file the single tax return, the State Tax Service of Kyrgyzstan reminds. According to the law, domestic organizations, including peasant and farm enterprises, as well as foreign organizations operating in Kyrgyzstan with formation of a permanent institution have to file the tax return until March 1. The…Details
Uzbekistan for the first time in three years did not sell a single gram of gold in January, according to the state statistics committee. The country started the previous two years with an active sale of precious metal. There were periods when the sale of gold accounted for 50% of all exports and more. The…Details
Ukraine’s military export agency, Ukrspecexport, which is a part of the Ukroboronprom defense giant, has unveiled the Sokil-300 (Falcon-300) strike drone at the biennial International Defence Exhibition and Conference (IDEX) in UAE. The Sokil-300 surveillance and reconnaissance UAV with strike capabilities has been developed by the Kyiv-based LUCH Design Bureau for the Ukrainian Armed Forces.…Details
Ukraine in 2020 updated its absolute record for poultry meat exports, having supplied 431,000 tons abroad, however, revenue from the sales decreased to $555 million against $579 million in 2019. “A common trend in 2020 was the strengthening of the position of Ukrainian meat products on the foreign market due to chicken meat,” the press…Details
Prime Minister of Kyrgyzstan Ulukbek Maripov has held a meeting on the development of construction industry. The head of Government noted that the construction sector was one of the main indicators of economic growth in the country. Its share in GDP is 10%. More than 900,000 square meters of housing were commissioned in 2020 due…Details
The state railtrack company Eesti Raudtee estimates the freight capacity for the ongoing year to stand at 12.5 million tons, up by 1 ton from 2020. In January, the freight volume on Estonian railroads reached 1.2 million tons, up by 32% YoY. According to Eesti Ruadtee commercial director Arthur Raichmann, a similar trend should continue…Details