Belarus: CITIC Bank eager to buy local bank

China CITIC Bank is interested in buying a Belarusian bank. The idea was discussed as Prime Minister of Belarus Andrei Kobyakov met with a delegation of the Chinese corporation CITIC Group led by President Wang Jiong. According to Andrei Kobyakov, the possibility of buying a share in a Belarusian bank has already been discussed with…

Belarus: Mogilev meat and dairy producers seek to tap into Japanese market

Mogilev companies are planning to branch out into the Japanese meat and dairy market. Relevant contracts may be concluded at the first Belarusian-Japanese economic forum in Japan on May 9-11, Ambassador Extraordinary and Plenipotentiary of Belarus to Japan Ruslan Yesin announced. “The forthcoming forum will include meetings between Mogilev meat and dairy producers and Japanese…

Ukraine: sugar exports down in April 2018

In April Ukrainian producers delivered 41,800 tons of sugar to foreign markets, down by 12% MoM (47,200 tons in March), the press service of the Ukrtsukor National Association of Sugar Producers of Ukraine reported. “Although the pace of shipments slightly decreased, the geography of exports has not changed. Most shipments were made to Uzbekistan –…

Belarus: gold and forex reserves up in April 2018

Belarus’ gold and foreign exchange reserves exceeded $7 billion as of May 1, the Information and PR Department of the National Bank of the Republic of Belarus (NBRB) reported. According to the preliminary data, Belarus’ gold and foreign exchange reserves, if calculated in accordance with methods of the International Monetary Fund, totaled $7.038 billion (in…

Ukraine: energy sector to be demonopolized

The energy sector of Ukraine should be transparent, demonopolized and competitive. “We could have become a completely energy-independent country in previous ten years, but this did not happen. Now we have set a course for energy independence, energy saving and production of our own Ukrainian gas, which will be enough for us to meet the…

Latvia: economic growth to continue

Latvia’s economy will grow more slowly than it did in Q1. Growth will likely reach at least 4%, predicts Luminor Bank economist Peteris Strautins. SEB Bank’s macroeconomic expert Dainis Gaspuitis is more reluctant in his outlook. He expects economic growth rate to be 3.7%, considering global cycles and negative trends in certain sectors. Swebank senior…

Ukraine: Deposit Guarantee Fund continues payments to depositors of Bank National Investments

The Deposit Guarantee Fund has resumed payments to the depositors of PJSC Bank National Investments, the fund’s press service reports. “From May 2 the Deposit Guarantee Fund is carrying out payments to the depositors of PJSC Bank National Investments under bank deposit agreements, regardless of their date of termination, and under bank account agreements (including…