Ukraine: customs experiment allows collecting extra UAH 2.8 billion for road repairs

A customs experiment introduced by the government of Ukraine in September 2015 allowed in 2015-2016 to collect an additional UAH 2.8 billion to local budgets for road infrastructure repairs, of which nearly UAH 1

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Ukraine: more low cost airlines to operate in 2017

Infrastructure Minister of Ukraine Volodymyr Omelian says that more low cost airlines would operate in Ukraine in 2017. “As to the low cost airlines – this year they definitely will operate in Ukraine

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Ukraine: gas stocks down 25% in three months of heating season

Gas stocks in Ukraine’s underground storage facilities declined by 25% or 3.677 billion cubic meters to 11.055 billion cubic meters since October 13, 2016 when the current heating season began, through January 14

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Uzbekistan: President charges to increase exports

The President of Uzbekistan Shavkat Mirziyoev had marked the main task of 2017 during his speech at the Cabinet of Ministers’ expanded session

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Kyrgyzstan: deputies to help develop perfumery

Amendments to the Tax Code of Kyrgyzstan, aimed at developing production of perfumes and cosmetic products, were submitted to Parliament for consideration

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Turkmenistan: Central Asia’s biggest mining enterprise being built

Central Asia’s biggest industrial complex with an annual capacity of 1.4 million tons of potash fertilizer is being built in an area exceeding one hundred hectares in Turkmenistan’s Lebap Province

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Turkmenistan: GDP up in 2016

GDP growth rate in Turkmenistan was maintained at 6.2% in 2016, the country’s Ministry of Economy and Development said. The growth rate has increased by 1

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Ukraine: Naftogaz signs contract with Covington & Burling to accompany Crimea loss lawsuit against Russia

National joint-stock company Naftogaz Ukrainy on January 11, signed a contract valued at $6.31 million with Covington & Burling LLP (New York, the United States)

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Kazakhstan: trade with EAEU down in January-November 2016

Kazakhstan’s trade turnover with the Eurasian Economic Union (EAEU) amounted to $11.95 billion in January-November 2016, down by 21.1% YoY, Kazakh Statistics Committee said

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Ukraine: grain harvest in 2016 breaks record

Grain harvest in Ukraine 2016 has broken a record being 66 million tons (in standard weight), up by 5.9 million tons YoY. Ukraine’s Agricultural Policy and Food Ministry reported that in 2016 grain yield records were hit: wheat – 42

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Ukraine: owners of PC Bank seek to liquidate it

PC Bank (People’s Capital Bank, Kyiv) with largest shareholders as of early December 2016 Russian citizen Valery Makarenko (14.24%), Svitlana Ostapenko (9

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