Decision of the specialized interdistrict economic court of Almaty to forcibly terminate the activities of Kazinvestbank JSC entered into force on January 24, the press service of the Kazakhstan Deposit Insurance Fund (KDIF) reported. All deposits of individuals in Kazinvestbank JSC were transferred to DB Alfa-Bank JSC. KDIF will attract an agent bank for payment…
Myronivsky Hliboproduct (MHP) in 2017 sold 532,727 tons of poultry to external consumers, which corresponds to the level of 2016. According to the information of the agricultural holding on the website of the London Stock Exchange, in the fourth quarter of 2017 it sold 113,746 tons of chicken, down by 13% YoY, mainly due to…
A consortium of Enerparc AG and Rodina Energy Group has built a pilot solar power plant with a capacity of 1 MW near the Chornobyl nuclear power plant (NPP), Rodina Energy Group CEO Yevhen Variahin has said. “From the technical point of view, the construction has been completed. We are commissioning it. The plant is…
In 2017 the managing company of the holding company Belarusian Cement Company exported 1,412,000 tons of cement worth $68.2 million, up by 42.6% YoY, representatives of the holding company reported. The positive dynamics was secured by the commissioning of new enterprises with state-of-the-art technologies and constant cost-reduction efforts. “Over the last two years we’ve managed…
Seven cargo bridges are planned to be built on the territory of the Baku International Sea Trade Port (the Port of Baku) in January-March, Azerbaijani Economy Minister Shahin Mustafayev said. “Warehouses, additional buildings and other infrastructure facilities are also planned to be built till March,” he said. “Moreover, the operational building of the Port of…
Inflation in Kazakhstan in 2018 is projected in the corridor of 5-7%, said the chairman of the National Bank of Kazakhstan Daniyar Akishev during a press conference on January 25. He added that in 2017 annual inflation amounted to 7.1%, which corresponded to the initial target corridor (6-8% for 2017). “Slowing of the inflation took…
Ukrainian farmers since the beginning of the 2017-2018 marketing year (MY, July 2017 – June 2018) as of January 24 exported 23 million tons of grains, the press service of the Ministry of Agrarian Policy and Food reported. In particular, Ukraine has exported 11.9 million tons of wheat, 3.9 million tons of barley, 13,200 tons…