Russia’s Federal Antimonopoly Service has proposed to introduce a system of flexible excise duties on fuel, which can be revised every month, to stabilize a tax policy in the energy sector, the service’s Deputy Director Anatoly Golomolzin said. “We always speak about a necessity to introduce the system of flexible excise duties. The government gave…
Russian oil major Rosneft has suggested the government to revise the principle of investment component in tariffs of oil pipeline monopoly Transneft, according to the letter by Rosneft CEO Igor Sechin. Rosneft has proposed to exclude the mechanism of long-term investment tariffs, which Transneft uses to build pipelines to oil companies’ facilities. Transneft receives the…
Some 451,370 tons of raw cotton were supped to collection points in Turkmenistan, the Turkmen government said. The cotton-picking campaign, which lasts from August to October, has been recently discussed at the governmental meeting. “The measures are being taken and agricultural machinery is used as part of cotton-picking campaign”, the message said. Some 1.05 million…
The World Bank forecasts that Ukraine’s GDP will be 1% by the end of 2016 and 2% by the end of 2017, World Bank Economist for Ukraine Anastasia Golovach has stated. “We are leaving our GDP growth forecasts for 2016 and 2017 unchanged at 1% and 2% respectively”, Golovach said. According to her, the World…
Amsterdam-based VimpelCom Ltd. has allegedly agreed to sell its tower bases in Russia to local company Russian Towers, winner of the tender, and the deal’s future will be settled at a meeting of VimpelCom Ltd.’s board of directors, scheduled for the end of September. A person close to VimpelCom Ltd. confirmed that the process of…
Azerbaijan’s state oil company SOCAR doesn’t exclude the possibility of issuing bonds in the country’s national currency – manat – in the future, SOCAR President Rovnag Abdullayev reported. Abdullayev said that among the population there was an increasing interest in dollar-denominated bonds issued on September 20, totaling $100 million with a par value of $1,000…
Russia’s Finance Ministry and the Central Bank plan to present a draft of a new system of voluntary pension savings in the near future and the system may be launched from 2018, Minister Anton Siluanov said. Earlier, the government froze the accumulative part of pension savings for 2014 and 2015, and used 6% of citizens’…