Aivar Baikenov, the Head of Asset Management Divisionof Kazkom Securities commented on the situation with the exchange rate of Kazakhstani tenge. “Tenge strengthening, in our opinion, is only temporary. It was caused by two factors. The first is a favorable and stable situation on the oil market, where we see, in fact, minimal fluctuations in…
Last month Tajikistan’s inflation stood at 0.6%, down by 0.8% YoY, according to the National Bank of Tajikistan. The government reportedly expects the year-end inflation for this year to stand at 7%. The year-end inflation for 2016 stood at 6.1%, down by 0.9% from the forecast. Tajik central bank notes that an average monthly inflation…
In January, despite the interventions of the National Bank, international reserves of Kyrgyzstan increased by 14 million soms. The data was presented by the National Bank of Kyrgyzstan. At the end of January the volume of reserves formed in the amount of $1,983.07 billion. At the same time, the National Bank held two interventions. It…
Loans to farmers in Kyrgyzstan in 2017 will amount to 7 billion soms, the Minister of Agriculture, Food and Land Reclamation Nurbek Murashev said. According to him, the processors will have the minimum interest rate. They will be issued loans at 6% per annum. “Loans for the development of animal husbandry and agriculture will be…
Solvent banks in the fourth quarter of 2016 reduced the debt to the National Bank of Ukraine (NBU) on refinancing loans by UAH 5.058 billion, or by 18%, to UAH 22.995 billion, according to the regulator’s website. According to the NBU, the loan principal on January 1, 2017 amounted to UAH 22.57 billion. “Most of…
In 2016 the State Customs Service of the Kyrgyz Republic has collected 29.3 billion soms, its first deputy chairman Altynbek Torutaev said. According to him, in comparison with actual receipts of customs duties from the third countries in 2015, 8.6 billion soms more have been collected, up by 141.3%. Customs payments without fees amounted to…
Exports of agricultural products in Kyrgyzstan in 2017 will amount to 500,000 tons, Deputy Minister of Agriculture, Food and Land Reclamation Erkinbek Choduev said. According to him, it is 50,000 tons more than in 2016. “Basically, we send honey and dried fruit to the European Union, to the EEU countries – vegetables, dairy products,” the…