National energy company Ukrenergo in January through October cut electricity transmission through the country’s backbone and interstate power grids by 9.5%, or by 9.448 billion kWh, to 90.293 billion kWh, the company’s press service has reported. Over the period under review, the company’s revenue from electricity transmission services grew by 33%, or by 1.368 billion…
Gorkhmaz Aghayev has become a member of the Supervisory Council at the OJSC VTB Bank Azerbaijan, said a message posted on the bank’s website. Earlier, Aghayev worked at AtaBank OJSC, Bank of Baku OJSC, Caspian Development Bank OJSC and Azerbaijan Global Investments, where he served as a legal councilor. Currently the Supervisory Council at the…
A huge greenhouse complex of 12 ha has been built in Kazakhstan, KazAgro National Holding reported. The official launch of the complex, the largest in the country, is scheduled for early December. The complex is located in the city of Almaty. The project was worth 6.6 billion tenges and was financed by KazAgro’s subsidiary KazAgroFinance.…
The Organization for Economic Co-operation and Development (OECD) has revised the real world GDP growth for 2017 by 0.1% as compared to September estimations to 3.3%, according to OECD November Global Economic Outlook. The forecasts for 2016 were kept at 2.9%. In 2015 the world real GDP growth totaled 3.1%. The world GDP growth is…
Ukraine International Airlines (UIA, Kyiv) has expanded its fleet with another Boeing 737-800 NG. According to the press service of the company, the delivery of another airplane was the final stage of the program of the fleet expansion and improving in 2016. The Boeing 737-800 NG produced in 2009 with a passenger capacity of 186…
Shareholders of Azerbaijan’s NIKOIL Bank CJSC will discuss the change of composition of the bank’s Supervisory Board on January 16, 2017. During the shareholders’ meeting to be held in Moscow they will also discuss the change of composition of the bank’s Audit Committee and giving premiums to its members. Currently, NIKOIL Bank’s Supervisory Board is…
The Asian Development Bank (ADB) has approved of a $154 million loan to enhance horticulture value chain development in all 12 regions of Uzbekistan and the autonomous region of Republic of Karakalpakstan. “ADB’s support will help increase access to long-term financing for horticulture farmers and enterprises along the horticulture value chain”, Bui Minh Giap, senior…