The Cabinet of Ministers of Ukraine has decided to transform Antonov and Plant 410 CA state-owned enterprises, which are part of Ukroboronprom state-owned defense giant, into joint stock companies. The relevant resolution was adopted at a government meeting on May 11. “This will improve the corporate management of enterprises, as well as attract investors,” said…
DetailsThe retail dealers now have to produce a number of other documents along with the income and expense record book. A statement released by the Tax Committee under the government of Tajikistan, in particular, says that the retailers now have to produce the VAT invoice, the customs declaration on imported goods and the commodity and…
DetailsDeputies of Tajikistan’s lower house (Majlisi Namoyandagon) of parliament have unanimously voted for ratification of a financial agreement for rehabilitation of the Dushanbe-Qurghon Teppa highway that was signed between the government of Tajikistan and the Asian Development Bank (ADB) in November last year. A regular sitting of the Majlisi Namoyandagon, presided over by its head,…
DetailsOver the first four months of this year, Tajikistan’s inflation rate has stood at 4.4 , which was 0.7% higher than in the same period last year, according to the National Bank of Tajikistan (NBT). Last month, Tajikistan’s inflation rate reportedly stood at 1.2%, which was 0.3% lower than in the same period last year.…
DetailsThe International Monetary Fund (IMF) has revised downwards expectations for growth of the ratio between total external debt to GDP in Ukraine in 2017. The fund said that the indictor would grow to 127.4% of GDP from 123.8% of GDP in 2016 (earlier it was projected to 136.3%) and it would decline to 126.3% of…
DetailsThe U.S. Department of Agriculture (USDA) has projected that sunflower harvest in Ukraine in the 2017-2018 agricultural year (September-August) would be 13.5 million tons. Sunflower oil production would reach 5.633 million tons and its exports – 5 million tons. Production of sunflower cake could total 5.371 million tons and its exports – 4.4 million tons.…
DetailsThe key risks of the Ukrainian banking sector are low operation efficiency of state-owned banks and low quality of their assets, according to the banking sector review published by the National Bank of Ukraine (NBU) on its website. “Largest state-owned banks require the radical change of their business models and designing long-term development strategies. The…
DetailsAs of May 10, Ukrainian agrarians planted spring grains and pulses throughout the areas of 5.936 million ha, or 82% of the forecast, a decrease of 356 thousand ha compared with the same date last year, the Ministry of Agrarian Policy and Food of Ukraine declared. In particular, the planted areas under early crops reached…
DetailsTajik President Emomali Rahmon met the visiting Head of Russia’s Republic of Daghestan Ramazan Abdulatipov. Rahmon highly appraised the role of Ramazan Abdulatipov, who served as Russian Ambassador to Tajikistan from May 23, 2005 to March 6, 2009, in expansion of bilateral cooperation between Tajikistan and the Russian Federation. According to the Tajik president’s official…
DetailsThe Ukroboronprom State Concern and Turkey’s MKEK (Makina ve Kimya Endustrisi Kurumu) operating in machine and chemical industry will establish cooperation under the ammunition development program, the press service of the concern reported on May 10. According to the report, the cooperation agreement between MKEK and Ukroboronprom’s Artem state-owned joint-stock company and state-run foreign trade…
DetailsLatvia’s grey economy proportion was 20.3% of GDP last year. It is 1% higher in comparison with 2015, according to results of the data from the Grey Economy in Baltic States 2009-2016 study. The most common signs of grey economy in Latvia are undeclared income (42.1%), envelope wages (40.2%) and unregistered employees (17.7%). In Lithuania,…
DetailsIn January-April the port of Ventspils handled 9.5 million tons of cargo, up by 25% YoY. According to the port authority, transshipment of Ro-Ro cargo grew by 26%, to 143,000 tons. Kalija parks handled 140,000 tons, Ventspils Nafta – 3.4 million tons, Eurohome Latvija – 367,000 tons. In April the port’s throughput surged by 60%…
DetailsA new airline will be set up soon in Ukraine, which is expected to compete with the Ukraine International Airlines (UIA), Ukrainian Infrastructure Minister Volodymyr Omelian said. “I hope that another airline will be set up in Ukraine this year, which will become a worthy competitor to the UIA. In this case, we will regain…
DetailsBelarusian road construction companies have been invited to participate in building a motorway in Turkmenistan. Deputy Prime Minister of Belarus Anatoly Kalinin made the statement after the session of the Belarusian-Turkmen intergovernmental commission on economic cooperation in Minsk on May 10. Anatoly Kalinin said: “We have agreed to advance our cooperation in transportation by rail…
DetailsBelarus may be involved in the construction of the second potash mining factory in Turkmenistan, Deputy Prime Minister of Belarus Anatoly Kalinin said during the session of the Belarusian-Turkmen commission on economic cooperation on May 10. The deputy prime minister reminded that the Garlyk mining and processing factory was commissioned in Turkmenistan a short while…
DetailsPresident Emomali Rahmon visited the site for construction of the Roghun hydroelectric power plant (HPP) in order to get acquainted with the pace of construction works, according to the Tajik president’s official website. About 75% of work on filling the stone-and-gravel mixture has been completed and the process of installation of two units is underway,…
DetailsThe National Commission for Energy, Housing and Utilities Services Regulation (NCER) has permitted uniting all physical gas transport system (GTS) entry points from a gas producer into one virtual point. The decision is outlined in the NCER resolution No. 615 dated April 28, published in the Uriadovy Kurier newspaper on May 10. According to the…
DetailsUkraine’s Infrastructure Ministry has drawn up a draft order proposing to cut and annul some airport charges. Minister Volodymyr Omelyan wrote on his Facebook page that it was proposed to cut the fee for servicing passengers in the international flights terminal, annul the fee for limit-exceeding parking of the aircraft that have aircraft base contracts…
DetailsThe plans on construction of the Turkmenbashi-Garabogaz-Kazakhstan border highway with a length of 242 kilometers were revealed at the Turkmen government meeting. President of Turkmenistan Gurbanguly Berdimuhamedov ordered to study the issue of construction of this route, which would become the continuation of the Ashgabat-Turkmenbashi high-speed multimodal highway. The construction of the border highway will…
DetailsThe European Bank for Reconstruction and Development (EBRD) has forecast a 2% growth of Azerbaijan’s economy in 2018, according to the EBRD’s updated Regional Economic Prospects report. The bank forecasts Azerbaijan’s economy to contract by 0.5% in 2017, according to the report. After a brief period of volatility in the beginning of 2017, the Azerbaijani…
DetailsAccording to the Statistics Committee of the Republic of Kazakhstan, farms of all types held 10.33 MMT of cereals and pulses as of April 1, up by 16.5% YoY (8.86 MMT). Wheat inventories are up by 12.8%, at 8.65 MMT, including 6.75 MMT of milling wheat, 0.47 MMT of feed wheat and 1.43 MMT of…
DetailsThe tax reform provides for a major increase of labor costs for small employers. In accordance with Finance Ministry’s offer, these companies will have to find more than EUR 13 million to, at the very least, maintain their business activities, Latvian Traders Association comments on the situation. Authors of the tax reform, on the other…
DetailsA pilot container train loaded with Belarus-made products has left the Belarusian city of Smorgon for China, the press service of Belarusian Railways reported. The train is loaded with fiberboards and laminated flooring made by the Smorgon-based company IOOO Kronospan. The project has been arranged by the Belarusian Railways enterprise Belintertrans – Transport-Logistics Center (BTLC)…
DetailsSince the start of the month, Agroinvestbonk, Tajikistan’s largest lender, began telling its clients that as of May 4 they would only be able to withdraw 500 somoni ($58) daily on their cards. Since February, the bank had been allowing account-holders to withdraw double that amount. Things have not quite yet got as bad as…
DetailsAzerbaijan’s Financial Market Supervisory Authority (FIMSA) has registered a prospectus of the Azerbaijani Central Bank’s short-term notes worth 25 million manats, FIMSA said on May 8. The message said 250,000 notes would be issued at a par value of 100 manats each, and their maturity period would be 28 days. A short-term note is a…
DetailsAs of May 1, Ukraine’s international reserves amounted to $17.175 million, according to preliminary data. Compared to March, they increased by $2.052 million, or by 13.57% mainly due to receipts from the International Monetary Fund and other donors of Ukraine. This was reported by the press service of the National Bank of Ukraine. “The dynamics…
DetailsAgrarians of Ukraine started planting buckwheat. As of May 5, the planted areas reached 18 thousand ha, or 13% of the plan, the Ministry of Agrarian Policy and Food of Ukraine declared. Also, Ukrainian agrarians planted spring grains and pulses throughout the areas of 5.497 million ha, or 76% of the forecast, down by 343…
DetailsChina is a promising market for Belarusian dairy products, Sun Juan from China Radio International declared. Sun Juan noted that at the meeting with Belarus President Alexander Lukashenko on May 4, she asked the Belarusian leader a question about the supplies of meat and dairy products to the Chinese market. “Belarus is among the world’s…
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