MTZ’s export rose by 26% YoY, to $561 million in 2017, Yuri Pototurko, the acting deputy director general for marketing – marketing director of Minsk Tractor Works (MTZ trademark), said at an international conference of MTZ distribution network entities. MTZ significantly built up exports to a number of countries: Russia, Uzbekistan, Kazakhstan, Azerbaijan, Tajikistan, Kyrgyzstan,…
A solemn opening ceremony of the international airport was held in Turkmenabat city, the administrative center of Lebap province. The airport built by Gundogdy local company is located 13 kilometers from the city in close proximity to the Ashgabat-Turkmenabat highway and the Ashgabat-Kerki railway. The capacity of the complex is 500 passengers per hour. A…
Uzbekistan plans to increase exports of fruit and vegetables by 30% YoY, to 1.2 million tons in 2018, the holding company “Uzbekozikovkatholding” reported. The company plans to reach an indicator of 1.2 million tons worth $1 billion. In 2017 the volume of exports of fruit and vegetable products amounted to 918,080 tons or $665.9 million.…
BNP Paribas S.A. (France) has increased its stake in UkrSibbank (Kyiv) to 60% from 59.99%, the Ukrainian bank reported in the information disclosure system of the National Securities and Stock Market Commission. According to the report, the securities were transferred from the accounts of minority shareholders to the account of the French bank under the…
The European Bank for Reconstruction and Development (EBRD), Ukraine’s largest international investor, supports the Ukrainian government’s updated strategy for reforming the country’s state-owned banks. EBRD’s Country Director for Ukraine Sevki Acuner said that the strategy had been developed in the form of a general debate, which resulted in a very clear-cut strategy with the clear…
Uzbekistan and Georgia have agreed on cooperation in the field of winemaking and viticulture. As part of the visit of Uzbek working group led by Deputy Minister of Foreign Trade Relations Sahib Saifnazarov to Tbilisi, the parties signed a memorandum, under which leading Georgian experts will visit Uzbekistan to study the raw materials base and…
ABLV Bank will be liquidated in accordance with Latvia’s laws, because preservation of this credit institution is not in the interest of the country’s society, announced the European Central Bank. In the report, ECB concluded that ABLV Bank and its subsidiary ABLV Bank Luxembourg were expected to collapse in the near future. ECB has informed…