According to the Ministry of economy of Uzbekistan, cotton fiber processing volume reached 40% in 2016, while in 1991 it was 7% only. Today the industry exports textile products to more than 50 countries. In recent years the export has been expanded to Brazil, Chile, Croatia, Nigeria and other countries. The Presidential Decree dated December…Details
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The board of the Central Bank of Uzbekistan decided to keep the refinancing rate at 9%, the bank said in a message. “This level of refinancing rate meets the tasks of holding effective monetary policy aimed at keeping inflation within its target forecast parameters, as well as stimulation of investment activity and the maintenance of…Details
Uzbekistan Airways served 2.471 million passengers in 2016, down by 4% YoY, says a message on the air company’s website. In 2016 the company carried out 22,387 flights, down by 3.8% YoY. The volume of the air company’s cargo transportations amounted to 43,800 tons in 2016, up by 4.8 YoY. Uzbekistan Airways is a monopoly…Details
Ukraine’s State Treasury Service on February 1, resumed VAT refunding. Government resolution No. 26 approving the rules for keeping the register of applications for return of VAT dated January 25, came into effect. “On February 2, treasury agencies provided for executing applications for UAH 2.187 billion that had conclusions from the State Fiscal Service about…Details
In 2016 Ukraine reduced natural gas consumption by 4.1% (by 1.366 billion cubic meters) YoY, to 32.361 billion cubic meters. According to the Ministry of Energy and Coal Industry, in particular, industry consumed 9.599 billion cubic meters (down by 15.9%), households and budget-sustained organizations used 12.457 billion cubic meters (up by 2.3%), heating companies –…Details
A delegation of Tajikistan textile and clothing companies took part in a three-day leading international textiles and apparel trade fair Textillegprom. For the seventh time the International Trade Center (ITC) organized participation of Tajik companies at this largest specialized industry event in the Russian Federation. According to ITC Tajikistan, this year the following companies from…Details
The UAE’s new strategy opens up the opportunities for the intensification of cooperation with Turkmenistan, UAE Ambassador to Turkmenistan Hassan Abdullah Al Adhab said. He added that great success, especially in the economic sphere, had been achieved in the development of the bilateral partnership since the opening of the UAE embassy in Turkmenistan. “We will…Details