Privatization of Azerbaijan’s large state enterprises, including state oil company SOCAR, requires time and such issues must not be hurried, Rafig Jalilov, deputy chairman of Azerbaijan’s State Committee on Property Issues, said. “It is needed to be consistent in such issues, since the privatization of large enterprises touches the issues of Azerbaijan’s economic independence”, Jalilov…
International reserves of the National Bank of Ukraine (NBU) are projected to increase to $17.5 billion by the end of 2016, if Ukraine receives a credit totaling 600 million euros from the European Union and a credit totaling $1.3 billion from the International Monetary Fund (IMF). NBU Governor Valeria Gontareva stated this at a press…
A $2.5 million venture funding program – AID-Venture – has been launched in Belarus, Bel.biz Group reported. The consortium of partners consisting of several companies has won the tender for venture capital ecosystem development in Belarus. Aleinikov & Partners together with a group of companies Bel.biz, venture fund 500 Startups and international educational program for…
Ukraine from January 1, 2017 will become an official member of the Inclusive Framework on Base Erosion and Profit Shifting (BEPS) led by the Organization for Economic Cooperation and Development (OECD). Ukraine’s Finance Ministry reported that Minister Oleksandr Danyliuk on November 22, handed a letter to OECD Secretary-General Angel Gurria. This is the final phase…
The National Bank of Ukraine (NBU) has made an exception of the general rules of controlling the rates of foreign credits of loans if resident borrowers (both companies and financial institutions) raise funds from nonresident creditors with the participation of export-credit agencies. “This step would expand opportunities for residents’ access to foreign credit resources provided…
Belarus plans to utilize about 400 million euro under Austrian projects in 2016, Chairman of the Belarusian Chamber of Commerce and Industry (BCCI) Vladimir Ulakhovich said at the opening of the business matchmaking event for Belarusian and Austrian businessmen. “Our business relations have been developing dynamically, we can say, in a positive and exemplary way…
Belarus invested about $50 million in the Austrian economy in January-September, Deputy Minister of Foreign Affairs of Belarus Alena Kupchyna said at the opening of the business matchmaking session between the businessmen of Belarus and Austria on November 23. “Traditionally, Austria is one of Belarus’ biggest investors. But it is worth saying that Belarus is…