The key risks of the Ukrainian banking sector are low operation efficiency of state-owned banks and low quality of their assets, according to the banking sector review published by the National Bank of Ukraine (NBU) on its website. “Largest state-owned banks require the radical change of their business models and designing long-term development strategies. The…
As of May 10, Ukrainian agrarians planted spring grains and pulses throughout the areas of 5.936 million ha, or 82% of the forecast, a decrease of 356 thousand ha compared with the same date last year, the Ministry of Agrarian Policy and Food of Ukraine declared. In particular, the planted areas under early crops reached…
Tajik President Emomali Rahmon met the visiting Head of Russia’s Republic of Daghestan Ramazan Abdulatipov. Rahmon highly appraised the role of Ramazan Abdulatipov, who served as Russian Ambassador to Tajikistan from May 23, 2005 to March 6, 2009, in expansion of bilateral cooperation between Tajikistan and the Russian Federation. According to the Tajik president’s official…
The Ukroboronprom State Concern and Turkey’s MKEK (Makina ve Kimya Endustrisi Kurumu) operating in machine and chemical industry will establish cooperation under the ammunition development program, the press service of the concern reported on May 10. According to the report, the cooperation agreement between MKEK and Ukroboronprom’s Artem state-owned joint-stock company and state-run foreign trade…
Latvia’s grey economy proportion was 20.3% of GDP last year. It is 1% higher in comparison with 2015, according to results of the data from the Grey Economy in Baltic States 2009-2016 study. The most common signs of grey economy in Latvia are undeclared income (42.1%), envelope wages (40.2%) and unregistered employees (17.7%). In Lithuania,…
In January-April the port of Ventspils handled 9.5 million tons of cargo, up by 25% YoY. According to the port authority, transshipment of Ro-Ro cargo grew by 26%, to 143,000 tons. Kalija parks handled 140,000 tons, Ventspils Nafta – 3.4 million tons, Eurohome Latvija – 367,000 tons. In April the port’s throughput surged by 60%…
A new airline will be set up soon in Ukraine, which is expected to compete with the Ukraine International Airlines (UIA), Ukrainian Infrastructure Minister Volodymyr Omelian said. “I hope that another airline will be set up in Ukraine this year, which will become a worthy competitor to the UIA. In this case, we will regain…