Ukraine: DTEK not considered monopolist

Head of the Antimonopoly Committee of Ukraine (AMCU) Yuriy Terentyev says the committee does not consider Ukraine’s largest private energy holding DTEK – controlled by businessman Rinat Akhmetov – to be a monopolist on the electricity market. “The mere fact of having a significant market share is not enough. The electricity market is now regulated,…

Kyrgyzstan: Rosinbank authorized capital doubled

The National Bank of Kyrgyzstan recapitalized Rosinbank and doubled its authorized capital, official website of the National Bank of the Kyrgyz Republic reported. Following the capitalization, the authorized capital of Rosinbank OJSC was increased by more than 700 million soms and brought to 1,498.7 billion soms. “The National Bank conducted financial recovery measures for Rosinbank,…

Azerbaijan: trade with Germany up in 2018

In 2018, the trade turnover between Azerbaijan and Germany increased by 61% YoY, Azerbaijani Deputy Economy Minister Rufat Mammadov said at the eighth meeting of the Azerbaijani-German high-level working group in Baku. The deputy minister noted that relations between the two countries were developing positively. Mammadov noted that Azerbaijan’s share among Germany’s partners in the…

Ukraine: budget deficit up in 2018

Ukraine’s national budget in 2018 saw a deficit of UAH 59.248 billion, or $1.865 billion, up by 23.7% YoY (UAH 47.882 billion, or $1.507 billion).

The country’s consolidated budget over the period under review saw a deficit of UAH 68 billion ($2.14 billion), up 1.6-fold, according to Ukraine’s Treasury Service. (UNIAN/Business World Magazine)

Azerbaijan: Czech technology to be applied to renewable energy sector

The opportunity for Czech companies can represent the fields that are in priority to be developed by Azerbaijan’s government, to diversify the economy and support the development of the non-oil sector, Marta Novakova, Minister of Industry and Trade of the Czech Republic reported. “These are mainly agriculture, chemical and manufacturing industry, engineering, services (especially transport,…

Ukraine: wine exports up in 2018

In 2018, Ukrainian winemakers exported their products to the tune of over $38 million, up by 20% YoY. “We exported wine and other products of winemaking to the tune of over $38 million, although we still remain the net importers of these products (imports totaled $113.5 million in 2018),” Deputy Agrarian Policy and Food Minister…

Ukraine: passenger traffic in airports up in 2018

In 2018, the total passenger traffic in the airports of Ukraine increased by 24.5% YoY. “The passenger traffic in the airports of Ukraine increased by 24.5% and totaled 20.545,500 people, including within the international service – by 25.8% (18.356,700 people),” the State Aviation Administration of Ukraine reports. The passenger numbers of Ukrainian airlines increased by…