Ministry of Economy of Kyrgyzstan has agreed to revise the country’s Tax Code after criticism of businessmen. Minister of Economy Arzybek Kozhoshev said that the Tax Code had technical errors. In 2015, a group was formed, which worked on a new version of the Tax Code. The Ministry of Economy noted that the current version…
Ashgabat hosted the next meeting of the Interstate Commission for Water Coordination (ICWC) of Central Asia. The ICWC is the body of five governments, which entrusted direct functions of water resources management and development and maintenance of sustainable natural and hydro ecological processes on transboundary water resources to the ministries (State Committees, Departments) of water…
The National Bank of Ukraine (NBU) has raised its forecast for the growth of Ukraine’s gross domestic product (GDP) for 2017 to 2.8% from 2.5% and lowered the one for 2018 to 3% from 3.5%, the NBU has said. According to the central bank’s estimates, economic growth in 2016 stood at 1.8%. According to the…
The State Property Fund of Ukraine (SPF) intends by the end of 2017 to sell 99.967% in PJSC Odessa port-side chemical plant, 75.22% of PJSC Turboatom, 68.0095% in PJSC Zaporizhia Aluminium Combine (ZAlK), as well as state-owned stakes in Zaporizhia Titanium and Magnesium Combine (51%) and PJSC Azovmash (50%). The relevant paragraphs are contained in…
The European Union will issue EUR 800,000 for the repair and equipment of administrative services centers, Swedish Ambassador to Ukraine Martin Hagstrom has said. “If the services are provided on time, qualitatively and comply with the regulations, this will raise the level of public confidence in the centers and will confirm the best relations between…
The Ukrainian government expects the increase in the net inflow of foreign direct investment (FDI) in 2017 to reach $4.5 billion, according to the First Deputy Minister of Economic Development and Trade Maksym Nefyodov. “The net inflow of direct investment we expect will grow from about $3.8 billion last year to $4.5 billion in 2017,”…
Over the past three years, the European Bank for Reconstruction and Development (EBRD) has invested about $300 million into Kyrgyzstan, EBRD Regional Director for Central Asia Neil McCain said at a meeting with Prime Minister of the Kyrgyz Republic Sooronbay Jeenbekov. The bank finances projects in the field of improving the municipal infrastructure, such as…