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Tag Archives: economy

Belarus: draft agreement on avoidance of double taxation with Hong Kong approved

BelarusBy admin2017-01-12Leave a comment

Belarus President Alexander Lukashenko has approved a draft agreement between the government of Belarus and the government of the Hong Kong Special Administrative Region of the People’s Republic of China on the avoidance of double taxation and prevention of income and capital tax evasion as a basis for further talks. Corresponding decree No. 6 dated…

Kazakhstan: 2017 GDP growth forecast changed

KazakhstanBy admin2017-01-12Leave a comment

The World Bank (WB) has increased its forecast for Kazakhstan’s GDP growth for 2017. According to the WB January 2017 Global Economic Prospects report, real GDP growth in Kazakhstan will amount to 2.2% in 2017. The WB also forecasts Kazakhstan’s GDP growth to recover to 3.7% in 2018 and to 4% in 2019. The forecast…

Uzbekistan: WB forecasts GDP to grow in 2017

UzbekistanBy admin2017-01-12Leave a comment

Real GDP growth of Uzbekistan will amount to 7.4% in 2017, according to the January 2017 Global Economic Prospects report of the World Bank (WB) published on its website. The WB expects that Uzbekistan will keep economic growth at 7.4% also in 2018 and in 2019 given stabilization of commodity prices. In June last year…

Turkmenistan: WB forecasts GDP growth in 2017

TurkmenistanBy admin2017-01-12Leave a comment

GDP growth rate in Turkmenistan will amount to 6.5% in 2017, according to the January 2017 Global Economic Prospects report of the World Bank (WB) published on its website. Turkmenistan will also increase the economy’s growth by 6.8% in 2018 and by 7% in 2019, according to the WB forecasts. GDP growth rate in Turkmenistan…

Ukraine: rise in industrial prices accelerates in 2016

UkraineBy admin2017-01-11Leave a comment

Industrial prices in Ukraine in 2016 increased by 35.7%, while in 2015 by 25.4%, in 2014 by 31.7%, the State Statistics Service has said. According to its data, in December last year the increase in industrial prices accelerated to 3.2% from 2.2% in November, mainly due to the higher cost of goods in such industries…

Kyrgyzstan: investors and businessmen poorly protected by the government

KyrgyzstanBy admin2017-01-11Leave a comment

The deputies of the Parliament recognized unsatisfactory the work of the government on attraction and protection of investment, enterprise development, production and promotion of products on the foreign market. The decision was taken at a meeting of the parliamentary committee on economic and fiscal policy. Deputies noted that they succeeded in considering the issue only…

Kyrgyzstan: Chinese businessmen not interested in idle factories

KyrgyzstanBy admin2017-01-11Leave a comment

Instead of launching 42 standing idle factories, the Chinese businessmen want to build new in empty industrial zones. This was stated at a meeting of the parliamentary committee on economic and fiscal policy. Deputy Economy Minister Eldar Abakirov said that the Chinese businessmen were interested in 42 idle plants in Kyrgyzstan. In particular, they talked…

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