Ukrainian President Petro Poroshenko, the government and parliamentary coalition factions have decided to raise the minimum wage in Ukraine from January 1, 2017 to 3,200 UAH, the Ukrainian president said after talks with Ukrainian Prime Minister Volodymyr Groysman. “Starting from January 1, 2017, there will be no employed people in Ukraine who earn less than…
Kazakhstan plans to participate in the OPEC meeting on November 30, in Vienna, Kazakh Energy Minister Kanat Bozumbayev said. Earlier OPEC sent invitations to 12 non-member countries to attend the next OPEC meeting. “We have received OPEC’s invitation through the Ministry of Foreign Affairs, and at the technical level plan to attend the meeting”, Bozumbayev…
The National Bank of Ukraine (NBU) from October 28, cuts refinancing rate from 15% to 14%. The central bank said in a press release that the decision on the size of the refinancing rate was approved by its board on October 27. “The further relaxation of the monetary policy is linked to the reduction of…
Kyrgyztelecom management stated that the company was deliberately hindered from development. The Chairman of the Board of Kyrgyztelecom JSC Emil Eshenaliev announced this at a press conference. According to him, the company has been working in noncompetitive environment for 15 years. It could not develop the Internet in Bishkek and Osh, nor have a cellular…
Kyrgyzstan will receive a loan to improve the efficiency of water and energy in the south of republic, the European Bank for Reconstruction and Development (EBRD) reported. The bank allocates $1 million. The money will be provided to micro-credit companies. And through it, ordinary citizens will receive credits for the installation of energy efficient windows…
Kyrgyzstan occupies the last place among EEU countries in Doing Business 2017. World Bank’s report was published the day before. Kazakhstan has the best indices among the countries of the Eurasian Economic Union. It occupies 35th place with 75.09 points. Kazakhstan is among the countries that have achieved the greatest success in the field of…
Kyrgyzstan takes 163rd place out of 190 in getting electricity rank in Doing Business 2017. This is stated in the World Bank report. The only indicator where Kyrgyzstan has received a positive assessment was “trading across borders”. Kyrgyzstan took 79th place here. Thanks to accession to EEU, Kyrgyzstan reduced the time for the export of…