BelAZ, the managing company of BelAZ holding company, increased its exports by 80% YoY in Q1, the company reported. In January-March the company exported about 96% of its products. The company sold to 24 countries. Russia, Uzbekistan and Kazakhstan made up the top three customers of the Belarusian factory. BelAZ increased supplies to Russia by…
In Almaty region, with the support of Kazakh Invest, a plant will be built in 2019 to produce plant protection products with the participation of Turkish investments. The foreign investor, represented by the Turkish holding company Agrobest Group, invests $30 million in the production of herbicides, insecticides, fungicides, seed protectants and glyphosate in Kazakhstan. Kazakh…
Despite the absence of interventions, Kyrgyzstan’s gross international reserves are decreasing, the National Bank reported. Following the results of March, Kyrgyzstan’s reserves amounted to $2,118.65 billion. Over the month, they reduced by $3.61 million. But since the beginning of the year the figure has increased by $32.19 million. The National Bank uses international reserves to…
The Office of Reforms at the Cabinet of Ministers of Ukraine together with the Finance Ministry, the Economic Development and Trade Ministry and the State Property Fund drafted a large-scale privatization plan that would be submitted to the government for consideration in the near future. The project was agreed on at the second meeting of…
The European Bank for Reconstruction and Development (EBRD) plans in 2018 to sign about 30 agreements of cooperation with Ukrainian companies, including three or four in the field of transport and logistics, EBRD Director for Ukraine Sevki Acuner said during a press conference on signing the agreement between the EBRD and Ukrainian private postal delivery…
All the banks working in Latvia have proven their desire to continue working in the country’s financial sector, says manager of Finance and Capital Market Commission’s Communication Department Ieva Upleja. “So far all banks have confirmed their desire to continue working in Latvia’s financial sector,” said Upleja. As for the banks’ business plans, FCMC representative…
As of April 4, Azerbaijan Deposit Insurance Fund (ADIF) paid compensations worth 45.5 million manats to the depositors of Azerbaijan’s DemirBank OJSC, the license of which was revoked in December 2017, the ADIF said in a message on April 4. The volume of compensated deposits in DemirBank totals 63.5 million manats, while the volume of…