Ukraine: Oschadbank raises EUR 8 million and UAH 50 million from GUF to finance micro, small and medium business

State-controlled Oschadbank (Kyiv) has attracted credit resources from the German-Ukrainian Fund (GUF) in the amount of EUR 8 million and UAH 50 million to finance micro, small and medium-sized businesses. According to a bank press release, the parties signed the relevant credit agreements within the framework of the memorandum on strategic partnership and cooperation on…

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Ukraine: Kherson region to get $250 million worth of investments due to new alternative energy facilities

In 2017, Kherson region is expected to raise investments worth $250 million thanks to building new alternative energy facilities within its area, Kherson Regional State Administration Head Andriy Hordeyev has stated in a report on the administration’s management performance for 2016. “In 2017, thanks to new energy facilities, we expect to reach 250 megawatts of…

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Ukraine: goods exports down in 2016

In 2016, the exports of goods from Ukraine totaled $36.4 billion, a decrease of 4.6% compared with 2015 (down by $1.8 billion), the Ministry of Economic Development and Trade of Ukraine reported. According to the announcement, there was a significant slowdown in the rates of exports falling in comparison with the beginning of 2016. In…

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Kyrgyzstan: new categories of taxpayers to be created

The State Tax Service of Kyrgyzstan is preparing anti-corruption amendments to tax legislation, suggesting new categories of taxpayers, the press service of the department reported. As noted, it is planned to introduce new categories – “individual labor activity” and “individual entrepreneurial activity.” This will eliminate the risk of applying corruption measures to them. To reduce…

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Ukraine: milk production down in 11 years

In 2005-2016, the milk production in Ukraine fell by almost 25%, Mykola Kovalsky, the marketing and communications director of the Astarta agro-industrial holding said. “In 2005-2016, the milk production in Ukraine fell by almost 25%, while the cow population in our country decreased by more than 45%,” Mykola Kovalsky said. The State Statistics Service of…

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Tajikistan: Pamir Energy Company among international finalists for the 2017 Ashden Award

Pamir Energy Company is one of the international finalists for the prestigious Ashden Award. The 2017 Ashden Award judges have reportedly narrowed down the finalists for this year’s Awards to 22 impressive organizations, covering what they consider to be the best in sustainable energy around the world. International finalists are truly global, with projects in…

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Uzbekistan: Karakalpak and Khorezm entrepreneurs to get rebates

On March 17, President Shavkat Mirziyoyev signed the resolution ‘On additional favorable conditions for entrepreneurial activity in Karakalpakstan and Khorezm regions’. The resolution aims at boosting economy, supporting entrepreneurs, nudging exports, and implementing investment projects in the two regions. Legal entities registered and doing business in Karakalpakstan and Khorezm are exempt from compulsory sale of…

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Kyrgyzstan: construction of 2 pedestrian overpasses in Bishkek estimated at 37 million soms

Construction of two pedestrian overpasses in Bishkek was estimated at 37,99.5 million soms, State procurement portal reported. Pedestrian overpasses are planned to be built on Shabdan Baatyr (nearby Madina market) and Kurmanjan Datka Streets (Alamedin complex). Funds for construction are allocated from the city budget. Each of the overpasses will cost more than 18 million.…

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