X5 Retail Group, the owner of grocery chains Perekrestok and Pyaterochka, has asked suppliers to reduce purchasing prices by 10% due to strengthening of the ruble, according to the company’s letter. “The dollar rate has recently decreased to 59.5 rubles from 60 rubles (by 10%) and the euro rate fell to 63.5 rubles from 72…
Electricity tariffs for households (the population) from March 1, increased by 2.6-30.2% depending on the volume of consumption compared with the rates being in force since September 1, 2016. Earlier tariffs for the population were divided into three blocks, depending on the amount of consumption: up to 100 kWh per month, from 100 kWh to…
Real wages in Ukraine in January compared to January 2016 increased by 21.4% and compared to December 2016 they fell by 8.3%, the State Statistics Service has said. The largest growth of average wages in January compared with January 2016 was observed in Ternopil (by 54.3%), Zakarpattia (51.8%), Chernivtsi (50.3%), Volyn and Kherson (49.8% each),…
HarvEast agricultural holding has planted its first walnut garden on 30 ha in Donetsk region in 2016. “What the eye fears, the hands do. We planted our first walnut garden on the area of 30 ha in Donetsk region in autumn 2016,” HarvEast CEO Dmytro Skorniakov wrote on his Facebook page. HarvEast is an agricultural…
Tajikistan’s central bank late last week announced it was pulling the licenses of two of its troubled banks and was trying to work out how to compensate account-holders. That decision, publicized on February 24, comes only weeks after the National Bank of Tajikistan (NBT) committed to spending tens of millions of dollars on refinancing the…
“In 2016 Kyrgyzstan exported garment products valued at $95.5 million, or 7% of the total exports,” the head of the light industry department of the State Committee for Industry, Energy and Mining Fatima Sadamkulova said. In general Kyrgyzstan exported products valued at $1,268 billion. “Sewing industry occupies the third place in the economy of the…
The current season of 2016/2017 features a bumper soybean harvest in Ukraine, which is estimated by analysts at 4 MMT. At the same time, the crusher interest in soybeans is declining. The main reason is decreased domestic demand for soybean products, primarily soybean meal as a basis for poultry feed. Statistics show a downward trend…