Ukraine’s trade turnover in January amounted to $8.14 billion, down by $140 million YoY, according to data provided by the State Customs Service of Ukraine. In January, Ukraine imported goods worth $4.2 billion (imports increased by $87 million, or by 2%). Exports from Ukraine amounted to $3.9 billion (down by $227 million, or by 5%).…
The Deposit Guarantee Fund of Ukraine and the World Council of Credit Unions (WOCCU) have signed a memorandum of cooperation aimed at providing a favorable environment for the development of credit unions, the Fund’s press service reports. “On February 2, the Deposit Guarantee Fund and the World Council of Credit Unions (WOCCU) signed a Memorandum…
State budget looses billions of soms due to flour smuggling, Acting Minister of Agriculture and Land Reclamation of Kyrgyzstan, Tilek Toktogaziev, has announced at a press conference. At least 62 flourmills operated in Kyrgyzstan in 2013. The annual flour production reached 450,000 tons. Only eight flourmills are working in 2020. “We have only 150,000 tons…
Finance Minister of Ukraine Serhiy Marchenko has signed a protocol on amendments to the Ukrainian-Danish Intergovernmental Convention on the Avoidance of Double Taxation, according to the ministry’s press service. The said protocol amends the Convention in order to bring its provisions in line with the OECD Model Tax Convention. In particular, the protocol provides for…
Uzbekistan forbade importing certain goods to the country. The list includes 529 items of foreign goods and services, which are manufactured by two or more national producers. The move aims at supporting domestic producers and expanding their participation in the public procurement system. The list includes: – Food products – chocolate, waffles, cookies, sunflower oil,…
Total industrial enterprises’ production fell by 5% in 2020, compared with the previous year, state agency Statistics Estonia reported. Production decreased in all three main industrial sectors: by 19% in energy production, by 13% in mining and by 4% in manufacturing. Statistics Estonia analyst Helle Bunder said that manufacturing production also fell in 2020, by…
“Risks of economic downfall remain high, given the increase in the number of new cases of the virus abroad and uncertainty about the timing of vaccination,” Aigul Berdigulova, a Senior Analyst at the Eurasian Development Bank (EDB), has declared. According to her, worsening dynamics in the industry and construction sector led to acceleration of the…