Moldova: bad credits up in October 2016

Bad credits in the banking system of Moldova amounted to 16.29% as of the end of October, up by 0.52% MoM. Compared with October 2015, it increased by 6.48% or 1.7 times from 9.81%, NBM reports. The biggest shares of bad credits were recorded by Victoriabank – 33.82% (against 32.92% in September and 11.15% in…

Ukraine: seaports grain exports up in late November 2016

On November 26 – December 2, Ukraine exported 922.5 thousand tons of grains from the seaports, against 836.3 thousand tons on the previous week.

In particular, wheat shipments reached 403.9 thousand tons, corn – 456.4 thousand tons, and barley – 62.2 thousand tons. (APK-Inform/Business World Magazine)

Armenia: Fitch rates Yerevan “B+”

Fitch Ratings has assigned Armenian capital city of Yerevan Long-Term Foreign and Local Currency Issuer Default Ratings (IDRs) of “B+” and a Short-Term Foreign Currency IDR of “B”. The Outlooks on the Long-Term IDRs are Stable. The ratings reflect Yerevan’s status as Armenia’s capital, satisfactory budgetary performance, supported by steady transfers from the central government,…

Azerbaijan and Pakistan mulling joint production

Azerbaijan is ready to create necessary working conditions for Pakistani companies in the country, Shahin Mustafayev, Azerbaijani minister of economy, said. “Pakistani companies show interest in activity in such fields in Azerbaijan as industry, production of agricultural equipment, accumulators, as well as pharmaceutics”, the minister said. He added that pharmaceutics was of special interest for…

Ukraine: gas stocks down in December 2016

Natural gas stocks in Ukraine’s underground storage facilities since the beginning of the 2016/2017 heating season started on October 13 and as of December 3, narrowed by 1.324 million cubic meters, or by 9%, to 13.408 billion cubic meters. According to public joint-stock company Ukrtransgaz, on December 3, Ukraine pumped 55.64 million cubic meters from…

Turkmenistan and Iran mull energy co-operation

Turkmenistan’s Foreign Minister Rashid Meredov held talks with the Iranian Deputy Foreign Minister for Asia-Pacific Affairs Ebrahim Rahimpour, the Turkmen ministry said. The parties exchanged views on cooperation in energy, transportation and trade. They mentioned substantial potential for expanding and diversifying trade turnover between the two countries. A number of major economic projects in energy…

Turkmenistan: large gas refinery being built

Construction of a large refinery that will produce gasoline from natural gas continues at a fast pace in Ovadan-Depe town in Ahal province of Turkmenistan. The construction of the refinery started in 2015. The project’s customer is the country’s Turkmengas State Concern. The project’s contractors are Japan’s Kawasaki Heavy Industries Ltd and the Turkish Ronesans…