On February 11-20, air temperatures were 1-4 degrees C below normal in the south and south-east of Kazakhstan, where winter crops are cultivated. They were 2 degrees ‘ above normal in some areas. Precipitation occurred at above-normal rates everywhere. Frequent thaws that lasted for up to 6 days in the south of the country and…
The State Enterprise Kyrgyz Temir Joly bears losses and can’t be engaged in freight carriage due to the lack of wagons, the deputy Abdykapar Sultanov said. The issue has been raised half a year ago, but there is no result. Kyrgyz Temir Joly is considered to be the state-owned company, paying millions of tax to…
Currency reserves of the Central Bank of Azerbaijan (CBA) increased by $42.1 million (0.97%) to $4,369.3 million in February as compared to January, the CBA said in a message on March 1. CBA’s reserves increased by 8.5% in February as compared to the same month of 2016. Currency reserves of the CBA decreased by $1,042.3…
Uzbekistan plans to spend foreign investments worth $4.506 billion on 199 investment projects in 2017. This is envisaged in an investment program for 2017 approved by a decree of Uzbekistan’s President Shavkat Mirziyoyev. Meanwhile, thanks to the foreign loans guaranteed by the government, it is planned to spend $1.854 billion on 79 projects and thanks…
In the current season, Ukraine demonstrated rather record rates of wheat supplying to foreign markets. During the period of July-January of 2016/2017 MY, the exports of Ukrainian wheat reached 12.7 million tons, up by 16% YoY (11 million tons). At the same time, Ukraine showed a significant increase of grain exports in the Asian direction.…
Armenia’s exports amounted to $124.4 million in January, up by a total of 35.4% against the same period last year. As the National Statistical Service reports, Russia-bound exports surged by 80%, while those to the EU countries and Iraq increased by 21.5% and 24.4% respectively. Exports to the United Arab Emirates grew 6-fold, totaling some…
X5 Retail Group, the owner of grocery chains Perekrestok and Pyaterochka, has asked suppliers to reduce purchasing prices by 10% due to strengthening of the ruble, according to the company’s letter. “The dollar rate has recently decreased to 59.5 rubles from 60 rubles (by 10%) and the euro rate fell to 63.5 rubles from 72…