Russia’s budget deficit may exceed the planned 3% and reach 3.2% of GDP in 2016, according to the documents released by the International Monetary Fund (IMF). According to Finance Minister Anton Siluanov, Russia’s budget deficit is on track to reach around 3% of budget deficit by the end of this year, which is in line…
In January-June Kyivsky cardboard paper mill, a leader in Ukraine’s pulp and paper industry in terms of production and sales, produced 2.02 billion UAH worth of products, up by 15.7% YoY. According to the UkrPapir association, the mill saw a rise in production of corrugated cardboard packaging and production of base paper in kind in…
Supreme Court of Ontario (Canada) didn’t satisfy the four lawsuits for the recovery of the shares of KyrgyzAltyn JSC in Centerra Gold Company, the press-service of JSC reported. According to it, the Ontario Superior Court heard the case on the combined statements of claim of the Turkish Sistem Muhendislik Insaat Sanayi ve Ticaret Anonim Sirketi,…
PriceWaterhouseCoopers (PwC) will audit the financial activity of Azerbaijan’s State Oil Fund (SOFAZ) in 2016-2018. SOFAZ earlier held a competitive bidding to select an audit company for the provision of audit services. After the evaluation of the proposals presented by the bidding audit companies, pursuant to the Statutory Regulations of the State Oil Fund, PwC…
The 46th meeting of the special working group for drafting a convention on the legal status of the Caspian Sea at the level of deputy foreign ministers of the Caspian-littoral countries was held in Astana on July 11-12. Azerbaijani Deputy Foreign Minister Khalaf Khalafov, Iran’s Deputy Foreign Minister Ibrahim Rahimpour, Ambassador-at-Large of the Kazakh Foreign…
Revenues of Kazakhstan’s state budget from taxes and payments increased 1.4 times YoY and totaled 2.659 trillion Kazakh tenges in January-May 2016. The main part of the incomes – more than 2.46 trillion tenges – accounted for tax revenues, including 935.08 billion tenges of income tax and 841.42 billion tenges of taxes for commodity and…
The National Bank of Ukraine welcomes Parliament’s adoption of Draft Law No. 4496 on Amendments and Supplements to Certain Legal Acts of Ukraine (on removal of administrative barriers to exports of services) in the first reading. A total of 246 MPs voted in favor of this bill. “The central bank is grateful to the MPs…