Currency reserves of the Central Bank of Azerbaijan (CBA) increased by almost $367 million YoY (9%) in March, and amounted to $4,432.7 billion, according to the statistical data posted on the CBA website on April 4. CBA’s reserves increased by $63.4 million MoM (1.45%) in March. Currency reserves of the CBA decreased by more than…
Ukrainian flour exports hit a 20-year high of over 340 KMT in the 2015/2016 season. As expected, the upward trend in flour supplies from the country continued into MY 2016/2017. Global trends also contribute to growth of flour exports. The world’s demand for flour has increased by 15-20% over the last 4-5 years. Noteworthy is…
The Parliament Committee on Fuel, Energy Complex and Subsoil Use approved a loan of $31 million for the reconstruction and modernization of the heating networks of Bishkekteploset JSC. As the deputy chairman of the State Committee of Industry, Energy and Subsoil Use, Kuban Myrzakanov noted, 75% of the heating pipes had served a regulatory lifetime.…
The international rating agency StandaS&P Global Ratings has affirmed its ‘D/D’ long- and short-term issuer credit ratings on Kazakhstan-based Delta Bank, the rating agency said in a message. At the same time, the agency affirmed the ‘D’ Kazakhstan national scale rating. S&P also affirmed its ‘D’ issue-level ratings on its senior unsecured bonds. “The affirmation…
Ukrainian Prime Minister Volodymyr Groysman has discussed the establishment of production in Ukraine with Skoda Auto Board Chairman Bernhard Maier. The press service of the Ukrainian government reported on April 4, that Skoda Auto in cooperation with its local partner – Eurocar – had been manufacturing a wide range of Skoda cars since 2002. “Now…
Germany’s KfW bank will provide UAH 300 million to Ukraine to support financing of small and medium-sized enterprises (SME). According to a press release of the German-Ukrainian fund (GUF), the agreement was signed by the National Bank of Ukraine (NBU), Finance Ministry of Ukraine and KfW in Kyiv on April 4. Deputy Head of GUF…
The World Bank has maintained a moderate forecast for the growth of Ukraine’s gross domestic product (GDP) in 2017 at a rate of 2%, World Bank Director for Ukraine, Belarus and Moldova Satu Kahkonen has said at a briefing in Kyiv. “If the reforms are accelerated in the next two years, the growth will be…