A single electricity market will begin operating in Kazakhstan, starting from January 1, 2019. Electricity trading is planned on the basis of centralized site of the Committee for Regulation of the Natural Monopolies, Protection of Competition and Consumer Rights under the National Economy Ministry. This was stated by the head of the department Kanat Bozumbayev.…
In 2016, the profit of the National Bank decreased by 42.3% YoY. The Audit Chamber reported on the results of the bank audit last year. As of December 31, 2016, 50 accounts of the Central Treasury of the Ministry of Finance of the Kyrgyz Republic were opened in the National Bank. 32 of them were…
A new building of Rysgal commercial bank – Turkmenistan’s first bank created by private entrepreneurs – opened in Ashgabat. The private credit organization created by entrepreneurs gives a new impetus to developing the private sector of the Turkmen economy. In late March, the International Monetary Fund (IMF) said Turkmenistan needed to improve the business and…
The aquaculture safety project is funded by the government of Norway and is implemented in partnership with the Agrarian Policy and Food Ministry of Ukraine and covers legislative support in fisheries, as well as access to international market, the press service of the Food and Agriculture Organization (FAO) reported. “The project implementation will contribute to…
The deficit of Ukraine’s foreign trade in commodities was estimated at $1.7 billion in January-May, up 1.8-fold YoY, according to the Ukrainian State Statistics Service’s website. Exports of goods from Ukraine over the period under review grew by 25.9% YoY, while imports of goods rose by 28.6%, the service said in a statement. The ratio…
This year has seen an increase in demand for consumer loans – EUR 9.3 million was provided to clients in the first half-year of 2017, up by 15% YoY, as reported by SEB Bank representatives. “According to SEB Bank’s data in summer months residents more actively use loans to purchase cars, perform home repairs, travel…
The National Bank of Kazakhstan is maintaining the base rate at 10.5%. “The National Bank of the Republic of Kazakhstan has decided to keep up the base rate at the level of 10.5% within +/- 1% corridor. The annual inflation level is consistent with the forecasts made by the National Bank and remains within the…