The International Monetary Fund (IMF) can help Azerbaijan primarily by working with the authorities to enhance macroeconomic policies and frameworks and strengthen institutions – key ingredients in the reform process, Mohammed El Qorchi, IMF mission chief for Azerbaijan, said. “The shift to a new economic model, one based more on non-oil private sector growth, will…
The United Kingdom will provide assistance to Ukraine in reforming the customs sector and the judicial system. “We’ve agreed that the UK will consistently assist us in the reform of our customs system and the introduction of a parliamentary system of transparency”, Ukraine’s Foreign Minister Pavlo Klimkin said. UK Secretary of State for Foreign and…
Belarus might become a platform for strengthening the cooperation between the European Union and the Eurasian Economic Union (EEU), German political scientist Alexander Rahr said. “Everyone understands that it is necessary to find some form of cooperation, deeper cooperation, between the European Union and the Eurasian Economic Union. Many in Germany think that Belarus is…
The GDP growth in the second quarter of this year was 1.3%, whereas it amounted to 0.1% in the first quarter. The First Vice Prime Minister, Economic Development and Trade Minister of Ukraine Stepan Kubiv said this at the Cabinet’s meeting. “We saw the growth of GDP by 0.1% in the first quarter of 2016…
The Russian government may introduce a new taxation regime for the oil sector, or a tax on added income, this year, but it will be applied only from 2018, according to the protocol of a recent meeting chaired by Deputy Prime Minister Arkady Dvorkovich. The new tax will substitute existing tax incentives on some fields…
Ukraine’s economy demonstrates a growing dynamics, thereby affording to fill the state budget and to invest in improving the quality of life of the Ukrainian people and citizens. Prime Minister of Ukraine Volodymyr Groysman announced this while opening a government meeting on Wednesday, the press service of the government’s portal reported. “In fact, today we…
The Islamic Corporation for Development of the Private Sector (ICD) is discussing an opportunity of allocating $30 million to two Azerbaijani banks and a company. The agreements might be signed soon. The funds will be used to finance the projects in cotton-growing, food and textile industries. According to the ICD financing rules, the minimum amount…