business in the East

Uzbek boots to enter Russian market

Uzbek boots to enter Russian market

The Russian brand SOL intends to import shoes from Uzbekistan, including children's, elite and sports shoes, Uzcharmsanoat reports. The corresponding negotiations took place in Tashkent. The parties discussed issues of further …

Kazakhstan introduces tax on Google

Kazakhstan introduces tax on Google

Today, a new tax on Google was introduced in Kazakhstan - all foreign companies selling their goods and services via the Internet are obliged to pay VAT on sales to the budget of the Republic of Kazakhstan. For each product or service …

Taliban* promises Uzbekistan to pay for electricity

Taliban* promises Uzbekistan to pay for electricity

Deputy Prime Minister of Uzbekistan Sardor Umurzakov said today that the Taliban movement prohibited in Russia, which took power in Afghanistan, promised Tashkent to close all debts for electricity. "We held a discussion, …

Biden prohibits U.S. investment in 59 Chinese companies

Biden prohibits U.S. investment in 59 Chinese companies

U.S. President Joe Biden on Thursday expanded restrictions on American investments in certain Chinese companies with alleged ties to the country’s military and surveillance efforts, adding more firms to a growing blacklist. In an …

Turkey slaps ad ban on Twitter, Periscope and Pinterest

Turkey slaps ad ban on Twitter, Periscope and Pinterest

Ankara has imposed advertising bans on Twitter, Periscope and Pinterest after they failed to appoint local representatives in Turkey under a new social media law, according to decisions published on Tuesday. Under the law, which critics …

Iran convicts U.S. businessman on spying charge

Iran convicts U.S. businessman on spying charge

Iran convicted an American businessman on a spying charge and sentenced him to 10 years in prison weeks after the U.S. election.  A family friend of Iranian-American Emad Shargi, 56, said he was called to court on Nov. 30, …

Iranian businessmen ready to provide needs of Karabakh

Iranian businessmen ready to provide needs of Karabakh

Chairman of Iran's Chamber of Commerce, Industries, Mines and Agriculture Hassan Entezar said that Iranian businessmen especially in West Azarbaijan Province are ready to further develop trade ties with Azerbaijan, provide the needs of …

New company launches leap in November in Turkey

New company launches leap in November in Turkey

The number of newly established companies in Turkey jumped 12% year-on-year in November, the country's top trade body said on Friday. A Union of Chambers and Commodity Exchanges of Turkey (TOBB) report showed 8,669 companies were …

Kazakhstan’s Trade House to open in Baku

Kazakhstan’s Trade House to open in Baku

Kazakhstan’s Trade House was registered in Azerbaijan, Director General of the Trade House, Azerbaijani businessman Rufat Rzayev said, according to Kazinform news agency. Among the goals of Kazakhstan’s Trade House is …

Israel reopens some businesses

Israel reopens some businesses

Israel allowed some businesses to reopen on Sunday and said it was considering letting children return to school as part of trial efforts to ease coronavirus restrictions and help the country's struggling economy. After weeks …

First Tesla online store opened in China

First Tesla online store opened in China

 U.S. electric car company Tesla announced that it opened its first online flagship store on China's leading e-commerce platform Tmall.com. Consumers can purchase auto parts and charging services as well as make test drive …

Saudi Arabia suspends work in private sectors

Saudi Arabia suspends work in private sectors

Saudi Arabia suspended work in private sectors except health and food services for 15 days, state news agency reported on Wednesday. Saudi Arabia has reported 171 cases of coronavirus so far, and has taken measures to limit the …

U.S. wants China to stop buying Iranian oil

U.S. wants China to stop buying Iranian oil

Washington is consulting with Chinese colleagues to cut off oil supplies from Iran to China, U.S. Treasury Secretary Stephen Mnuchin said. He told Fox News that through sanctions Washington has now managed to "cut …

The Economist’s names Uzbekistan country of the year

The Economist’s names Uzbekistan country of the year

Uzbekistan has won the 'country of the year' award from The Economist. The edition annually awards the states achieving the biggest progress in democracy. The Economist said after dismissal of the State Security Service …