Standard & Poor’s (S&P) Global Ratings expects that Azerbaijan’s Kapital Bank OJSC will likely increase its already material market share, while its operating revenues continue increasing progressively and its profitability remains high, according to an S&P report. S&P confirmed the credit rating of the Azerbaijani bank at BB-/B level with a negative outlook. Meanwhile, the…
Ukraine should reduce the share of nuclear fuel purchases from Russia to 45% in 2017, Ukrainian President Petro Poroshenko has said. “How much have we received (nuclear fuel from Russia) in 2016 – 55% already. How much did I set the task for minister Nasalyk in 2017. It’s 45% already,” he said during his visit…
Ukraine shipped 3,271 tons of cheese to foreign markets in January-May, up by 22.7% YoY. The shipments increased by 48.5% in monetary terms, to $11.35 million, Ukraine’s State Fiscal Service said in its customs statistics reports. Cheese imports in the period under review totaled 3,563 tons, up by 35.8% YoY. The country imported products worth…
President of Turkmenistan Gurbanguly Berdymukhamedov, noting that the system of benefits in the country has become completely ineffective, instructed to prepare proposals for cancellation of all benefits. Berdymukhamedov was addressing a meeting with the leadership of the Turkmen banking and financial sectors. “Benefits should be provided not to anybody, but only to those who really…
In the current year Ukrainian fat-and-oil producers managed to reverse the downward trend in the margarine market’s capacity. This product’s output shrank by 41% to the smallest level since 2003. The main reason for that substantial decline in Ukrainian margarine production is declining demand for this commodity, both from the domestic market and foreign consumers.…
None of the coalition partners has any desire to overthrow the government. A solution to the tax reform and healthcare funding problem will be found, said Prime Minister Maris Kucinskis. “I gathered all coalition representatives. The good news is that none has any plans to topple the government and somehow stop the tax reform,” Kucinskis…
Freight volume handled in the Port of Liepaja in January-May climbed by 24.7% YoY, to 2,890,500 million tons, the Port Authority says. In the reporting period, transshipment of coal surged 6-fold, to 723,400 tons, wood pellets – 2.2-fold, to 150,700 tons, construction materials – by 7.8%, to 222,600 tons, oil products – by 65.6%, to…