Russia’s Ninth Arbitration Court of Appeal has rejected Google’s complaint against a lower court’s decision that supported the antimonopoly service in finding the U.S. giant guilty of abusing its dominance on the market of preinstalled application stores. “The (lower) court’s decision will stay unchanged, and the appeal will not be satisfied”, the decision read. The…
Ukraine is expected to lose about $1 billion from trade restrictions Moscow had to impose after Kiev had joined a free trade zone with the European Union, Ukraine’s deputy minister for economic development and trade Natalya Mikolskaya said. She said Ukrainian exports to Russia shrank by 36.2% YoY in the first six months of 2016,…
On August 16, the largest fixed Internet and telephony operator Ukrtelecom has announced the launch of technical modernisation in Zaporozhye. The company plans to install 390 new distribution cabinets in the city, replacing 92 obsolete automatic telephone exchanges of 1960-1990s. One of such automatic telephone exchanges located at Motostroiteley prospect was commissioned in 1868. In…
The number of registered unemployed people in Ukraine grew by 100,000 YoY and reached 1.8 million. Acting Chairman of the State Employment Service Valeriy Yaroshenko said this at a press conference on Tuesday. “In the first quarter of 2016, the number of unemployed totaled almost 1 million 800 thousand people. Compared to the previous year,…
Russia was ranked first in a list of commodity-based economies by foreign investment diversification, according to an analytical survey conducted by the Financial Times. According to the survey covering the period from 2003 till 2015, Russia raised investments in more than 4,000 new initiatives across 39 analyzed sectors. Financial services, industrial machinery, food, tobacco and…
Over the first seven months of this year, the external trade turnover of Tajikistan, including electrical power, has amounted to about $2.21 billion, down by 8.1% YoY, or by $56.6 million, according the Agency for Statistics under the President of Tajikistan. The trade balance in January-July has been negative and amounted to more than $1.203…
Fund for supporting small businesses and private entrepreneurs provided legal, financial and organizational services to 1,646 enterprises to promote goods and services to external markets in the first half of 2016. The export agreements for $1.32 billion have been signed. Some 379 enterprises exported their products and services valued at $643 million. Number of enterprises,…