The State Tax Committee of the Republic of Uzbekistan held an expanded meeting devoted to 2016 results, available shortcomings, as well as objectives for 2017. The participants of the meeting discussed the essence and content of the report of the President of the Republic of Uzbekistan Shavkat Mirziyoyev at an enlarged meeting of the Cabinet…
Details“Best Exporter” national competition will be held in Kyrgyzstan in 2017, Information Support Department of the government’s executive office reported. The decision to hold the competition was signed by the Prime Minister Sooronbay Jeenbekov. Competition is aimed at increasing export potential of the country, development of the industrial, tourism and agricultural complexes, stimulation of the…
DetailsDue to changes in calculating land tax mechanism, its rate in Kyrgyzstan can grow 100 times, Chairperson of the Association of Suppliers and Distributors Gulnara Uskenbaeva reported. In the new edition of the Tax Code, which is currently being discussed by the business community, the land tax rate, depending on the area and type of…
DetailsNaftogaz Ukrainy in 2016 imported 8.2 billion cubic meters of natural gas to the country, or 73.9% of its total imports, according to data from the state holding. Other companies last year imported 2.9 billion cubic meters of gas, or 26.1% of its total imports. “The number of private companies in the segment of gas…
DetailsThe market of the European Union is one of the top-priority ones for products of Ukrainian agrarians, the Head of the State Service on Food Safety and Consumers Protection Volodymyr Lapa declared. According to him, the consumer demand on the domestic market will continue growing in rather slow rates, taking into account the current economic…
DetailsIn 2016 Ukraine exported 4.8 million tons of barley, up by 170 thousand tons YoY, the State Fiscal Service of Ukraine reported. Barley export declined in monetary terms to $665.94 million against $768.77 million in 2015. Saudi Arabia imported the grain at the sum of $279.68 million, Libya – $110.68 million, and China – $41.55…
DetailsAfter a long period of low milk purchase prices in Estonia, milk retail prices in the Baltic country have increased twice, reaching the point where farmers received just enough to cover milk production costs. In 2016 Estonian consumers were paying an average of 35 cents per liter for milk in stores, while milk producers were…
DetailsIt will no longer be necessary to prepare land border plan for entry of land units in the Land Book. It will help save budget funds, as it will not be necessary to perform land-measuring actions, as reported by Saeima press-service. This is provided by amendments to the Law on State and Municipal Land Ownership,…
DetailsInchcape Shipping Services (ISS) is warning that an ice advisory has been issued by Odessa Sea Port Authority due to ice forming in the port harbor, the company said in its press release. From 00:00 on January 18, until further notice all vessels without ice class classification will need to present a guarantee letter to…
DetailsUkrenergo National Power Company considers involving the German development bank KfW in the modernization of Ukraine’s energy system. “Ukrenergo and KfW have been long-standing strategic partners. Partnership with German donors enables us to implement projects which are important in terms of technology and infrastructure and intended to enhance the reliability of energy system performance and…
DetailsThe pretrial investigation into facts of taking bribes in procurement tenders held by National Nuclear Generating Company Energoatom to buy equipment from Czech Skoda JS known in mass media as the Martynenko (former MP Mykola Martynenko) case will be continued. “Detectives of the National Anti-Corruption Bureau of Ukraine (NABU) would not close this criminal case.…
DetailsUkraine’s Cabinet of Ministers has transferred public joint-stock company Ukrzaliznytsia to the management of the government to increase efficiency of its corporate management, Secretary of the Infrastructure Ministry of Ukraine Adnriy Haluschak has reported. He said that the government decided to bring the company’s regulations in line with the law on the specifics of the…
DetailsBelarus satisfies a considerable part of Russia’s demand for milk, Member of the Board (Minister) for Industry and Agribusiness of the Eurasian Economic Commission (EEC) Sergei Sidorsky said. He noted that Russia was able to meet as much as 82% of its domestic demand for milk. “This is the lowest among the members of the…
DetailsThe implementation of numerous measures on agriculture development for the period 2016-2020, aimed at ensuring increased yields and productivity of agricultural products, the expansion of cultivated lands for growing fruit and vegetables, resulted in increased volumes of products (services) in agriculture, forestry and fishing at 6.6% YoY. Meanwhile, growth in crop sector, animal production and…
DetailsThe Asian Development Bank (ADB) has released its updated 2017 to 2019 country program for Tajikistan. In accordance with this program, ADB will support energy and road development, improving food security, strengthening investment climate, inclusive health, and sustainable urban infrastructure in the country, according to the message posted on the bank’s website. The indicative financial…
DetailsPresident of Uzbekistan Shavkat Mirziyoyev has signed a decree “On measures to further simplify and accelerate sale of state properties to be used for business purposes”. The provisions of the decree eliminate bureaucratic barriers to privatization of state properties and contribute to the organization of production at the privatized facilities. The document also simplifies some…
DetailsThe Acting CEO of Ukrainian Seaports Authority Raivis Veckagans held a meeting at the port of Odessa, during which he criticized the port’s management. Thus, construction of long-term projects such as the terminal at the Quarantine Mole and reconstruction of the berth are still not completed. The question of reconstruction of the passenger terminal with…
DetailsRice imports to Ukraine continued shrinking this season. Ukraine imported 14 KMT of rice from July till November 2016/2017, down by 35% YoY. India continues to be Ukraine’s traditional rice supplier, though with noticeably reduced shipments. 5.5 KMT of Indian rice was imported to Ukraine in the period under review against 7.9 KMT in July-November…
DetailsLast year, Ukraine supplied 4.8 million tons of sunflower oil to foreign markets, up by 23% YoY, which became a record, the association of enterprises for vegetable oils and fats production and processing Ukroliyaprom declared. Exports of fat-and-oil commodities in monetary terms reached $4.8 billion against $4.2 billion in the previous year. According to the…
DetailsThe operation results of Astarta agroindustrial holding improved in all business segments in 2016, the company’s press service reported. Astarta’s plants increased sugar production by 42% in 2016/2017 agricultural year (September-August), to 505,000 tons YoY. Gas consumption per ton of sugar beet fell by 4%, to 25,100 cubic meters. In 2016 the company exported a…
DetailsFour international companies are supplying imported gas to Ukraine to sell it to local consumers, Commercial Director of the national joint-stock company Naftogaz Ukrainy Yuriy Vitrenko reported. “These are Hungarian, Swiss, German and French companies,” he said. Vitrenko said that in January these and other importers of natural gas to Ukraine imported less gas than…
DetailsIn January-December 2016 Vladivostok Sea Fishing Port (Vladmorrybport OJSC) handled 327,000 tons of fish cargo (up by 6.3% YoY) Transshipment of containers totaled 142,364 TEUs (+10.3%); metal scrap – 376,700 tons (+30.3%); dry bulk cargo – 926,200 tons (+51.6%). Over the year the port handled 781 vessels (including 210 vessels with fish and supplies) and…
DetailsMoldova has outlines for settling its debt to Russian gas giant Gazprom, but the debt of the breakaway Transdniester republic is a complicated issue, Moldovan President Igor Dodon said. “We have an idea how to end the situation. As of today, the debt of the right bank (of the Dniester River) is about $500 million.…
DetailsS&P Global Ratings assigned its preliminary ‘B’ long-term corporate credit rating to Kernel Holding S.A. (Kernel), a Ukraine-based producer and exporter of sunflower oil and grains. The outlook is stable, S&P said in a press release. S&P assigned its preliminary ‘B’ ratings to Kernel and its proposed U.S. dollar-denominated eurobond. Final ratings will depend on…
DetailsNational joint-stock company Naftogaz Ukrainy has confirmed that it received a $5.3 billion bill from Russia’s Gazprom for gas the company did not order in 2016. Naftogaz does not intend to clear it until Arbitration Institute of the Stockholm Chamber of Commerce issues its final decision, the press service of the company reported. “Gazprom refers…
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