ARCHIV VAZBA Weekly CIS News
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(29/06/2018) Russia’s Central Bank to buy out shares of FK Otkrytie.
The Russia’s Central Bank (RCB) will provide 42,7 billion rubles to the bank FK Otkrytie through the purchase of shares additionally issued by the credit institution, according to the RCB press release. The regulator further approved changes in the plan of...
(29/06/2018) Hygienic certificates for products are eliminated in Azerbaijan.
Starting from July 1, 2018 Azerbaijan will eliminate hygienic certificates issued for enterprises operating in the country. This was announced by the Chairman of the Food Safety Agency, Goshgar Tahmazli, at a press conference on June 29, 2018. “Goods coming from...
(28/06/2018) Azerbaijan to implement over 20 alternative energy projects.
Azerbaijan’s State Agency for Alternative and Renewable Energy Sources intends to implement 23 projects with a total cost of about 13 million manat (approx. €6,5 million) within the framework of the strategic roadmap for the development of public services (electric...
(28/06/2018) Issuance of guarantees for business loans kicks off in Azerbaijan.
The Mortgage and Guarantee-Credit Fund of Azerbaijan has fully completed the essential organizational arrangements to launch the process of issuing guarantees for loans to entrepreneurs, according to the APA agency. Thus, to date the list of authorized banks and...
(26/06/2018) Bakyrchik mining enterprise launched in East Kazakhstan region.
Bakyrchik mining enterprise (BME) LLP is developing a large-scale gold mining project Kyzyl (includes the Bakyrchik and Bolshevik fields), which refers to world-class assets: its reserves are estimated at 280 tons of gold with an average grade of 7,7 grams of gold per...
(25/06/2018) Czech company to build farms in Belarus.
The Czech investor Bauer Technics will become one of the key participants in the program for the revival of the Belarusian pig industry. According to the Chairman of the Board of Bauer Technics, Pavel Rampir, the company signed contracts for the construction of five...
(24/06/2018) Belarus’ Finance Ministry intends to amend the Tax Code.
Active work on the adjustment of the Tax Code is in progress in Belarus. In particular, the business unions have already voiced their proposals, the country’s President expressed his “balanced approach”, a number of proposals were voiced by the country’s Ministry of...
(23/06/2018) Belarus gained observer status in the Pacific alliance.
Within the meeting of the Council of Ministers of the Pacific Alliance held in Mexico City, the Foreign and Trade Ministers of Chile, Colombia, Peru and Mexico approved the accession of Serbia, the United Arab Emirates and Belarus to the Alliance as observer states,...
(20/06/2018) Rules for public procurement to change in Kazakhstan from July 1.
In particular, conceptual amendments to the rules are: a) approval of the standard form of the consortium agreement, drawn up through the web portal of public procurement; b) regulation of the work experience calculation in the implementation of public procurement of...
(20/06/2018) Russia will limit the growth of property tax.
The Russia’s State Duma adopted in the first reading a bill limiting the annual increase of the tax on property of individuals at the cadastral value. In particular, the bill proposes a change in the procedure for calculating the tax on property of individuals at the...
(20/06/2018) Belarus’ National Bank cuts refinancing rate to a 10-year low.
The Board of the Belarusian National Bank adopted a decision to reduce refinancing rates from June 27, 2018 from the current 10,5% to 10,0% per annum, rates for constantly available and bilateral liquidity support operations – from 11,75% to 11,5%, according to the...
(19/06/2018) Chinese company plans to build production complex in Kyzylzhar district.
Chinese investor Tielin Logistics Co intends to build a production complex in Kyzylzhar district worth 80 billion tenge. According to the press service of Kazakhstani Department for Civil Service and Anti-Corruption, Chinese company anticipates organization of the...
(18/06/2018) Two plants were launched in Karaganda region.
Two plants were put into operation in Zhanaarkinsky district of the Karaganda region: crushing and sorting and asphalt concrete. The production was launched by a local businessman. “Taking into account the preparatory time the construction of two plants took 3 months....
(18/06/2018) EU Council extended sanctions against Crimea and Sevastopol.
“On June 18, 2018 the Council of the European Union extended restrictive measures in response to the illegal annexation of Crimea and Sevastopol by Russia until June 23, 2019,” reads the EU statement. These measures apply to individuals and companies from the EU and...
(16/06/2018) Debts of SOEs threaten financial stability of Belarus.
According to the Belarusian National Bank, the main influence on the growth of bank’s problem assets subject to credit risk is provided by the country’s state-owned enterprises, as reported in the analytical review Financial Stability in the Republic of Belarus in...
(15/06/2018) Kazakhstan and China to launch 500 joint projects for 1,5 trillion tenge.
Within the present year Kazkhstani Government intends to launch 500 joint projects with the People’s Republic of China equal to one and a half trillion tenge (approx. €3,8 billion), according to the Prime Minister of the Republic of Kazakhstan, Bakytzhan Sagintayev....
(14/06/2018) Russia’s Cabinet approved increase of retirement age.
The Russian government approved increase in retirement age of from 60 to 65 for men and from 55 to 63 for women. The decision comes into effect starting from the upcoming year. “Despite the late start on this issue, it is proposed to introduce a sufficiently long...