Belarus is eager to implement new projects with Austria’s Kronospan Group, Belarusian Prime Minister Andrei Kobyakov said as he met with Kronospan owner Peter Kaindl on January 18. The head of the government noted that Belarus appreciated the contribution of this investor to the development of the Belarusian economy. “We attach great importance to the…
The presidential decree “On additional measures for the intensification and expansion of activities of free economic zones” dated October 26, 2016 serves as an important guide to action in creating a more favorable investment climate, expanding privileges and preferences. A single legal regime for free economic zones, unification of tax and customs privileges and preferences,…
In December 2016 the official unemployment rose by 0.2% to 1.5%, the State Statistics Service has said this in a statement. As of January 1, 2017 the State Employment Service registered 390,800 unemployed people. A total of 337,900 unemployed were registered at the State Employment Service as of December 1, 2016. The number of unemployed,…
Comprehensive measures to further improve the business environment, to ensure reliable protection of small business and private entrepreneurship, to remove the barriers for their comprehensive support and accelerated development contributed to the creation of some 31 thousand new small businesses in 2016, according to SSC information service. As a result, the number of small businesses…
Amendments to the Tax Code of Kyrgyzstan, aimed at developing production of perfumes and cosmetic products, were submitted to Parliament for consideration. The deputies note that a lot of herbs and plants, which are used in perfumery and are of very good quality as they are growing in the mountains, clean area, grow in the…
GDP growth rate in Turkmenistan was maintained at 6.2% in 2016, the country’s Ministry of Economy and Development said. The growth rate has increased by 1.2% in the industrial sector, by 4.4% in construction, by 10.5% in transportation and communication sector, by 14.3% in trade, by 11.6% in agriculture and by 10% in the sphere…
The mission of the International Monetary Fund (IMF) could in the coming weeks recommend the executive board to hold the third revision of the EFF program, IMF spokesperson Gerry Rice has reported. “I don’t have the exact date of the meeting, but we expect it to be soon, in the coming weeks. And let me…