In January Ventspils Freeport terminals transshipped 2.5 million tons of cargoes, up by 40% YoY, as reported by the freeport’s public relations manager Inga Ievina. She noted that January has been passed successfully by the port – the volume of ro-ro cargoes and coal has increased, as have oil products, iron and iron-ore concentrates. Ievina…
Exports of Ukrainian food to the United Arab Emirates (UAE) fell by 19% in 2016, to $106 million, the Ukrainian Food Export Board (UFEB) has reported. “In 2013-2015 revenue from food supplies to UAE fell from $165 million to $134 million, and in January-November 2016 we had $106 million. The trend is disappointing,” UFEB Director…
The share of bad and non-performing loans (NPL) today is around 50% of the total loan portfolio of Ukrainian banks, Director of the financial stability department of the National Bank of Ukraine (NBU) Vitaliy Vavryschuk said. “We have revealed during stress tests that the share of these loans is around 50%,” he said. Vavryschuk said…
Dairy farming in Belarus has achieved a high level of industrial development, Belarusian Deputy Prime Minister Mikhail Rusy announced. “Industrial development of dairy farming in Belarus has achieved a high level. There are 4,115 farms in Belarus, and around half of them are highly modernized. Dairy farming in Belarus boasts a high degree of automation.…
Once the Belarusian nuclear power plant (BelNPP) is commissioned, the share of natural gas in the production of heat and electricity in Belarus will go down to 70%, Belarusian Deputy Energy Minister Vadim Zakrevsky said. “The nuclear power plant is expected to come online as a result of the program for the development of the…
The government of Tajikistan has initiated the formation of the reserve fund in the national budget for extraordinary expenses. The so-called “safety cushion” will be created from the resources of state-owned enterprises (SOE) with an allowance for potential risk from them. The strategy of managing fiscal risks from state-owned enterprises designed for the period until…
The total volume of investments of Uzbek insurers amounted to 867.547 billion soums in 2016, up by 19.3% YoY, the country’s Finance Ministry reported. According to the ministry, a major part of the investments (86.3%) accounted for banking deposits and securities. The amount of deposits increased by 15.7%, to 390.1 billion soums, investments in securities…