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…
Moody’s Investors Service expects Kazakh banks to continue facing solvency risks over the next 12-18 months amid a challenging business environment, the rating agency said in its report entitled “Banks – Kazakhstan; Heightened Insolvency Risks Drive the Negative Outlook”. “Asset quality remains weak across Kazakhstan’s banking sector as the depreciated tenge, combined with challenging operating…
Ukraine’s Cabinet of Ministers on February 8, adopted a resolution titled “On Confirmation of the Plan of Measures for Preparing to Introduce the Joint Aviation Space of Ukraine with the European Union (EU) and Its Member States”. Ukraine’s Infrastructure Ministry, citing its head Volodymyr Omelyan, said the measure was drafted with the aim at fulfilling…
Hutchison Ports and DP World, one of the world’s biggest port operators, will enter Ukraine as soon as this year. According to Infrastructure Minister Volodymyr Omelyan, Hutchison Ports will start operating in the port of Chornomorsk in June-July and DP World by the year end. Hutchison Ports has already signed a memorandum of understanding with…