Fitch Ratings has assigned Armenian capital city of Yerevan Long-Term Foreign and Local Currency Issuer Default Ratings (IDRs) of “B+” and a Short-Term Foreign Currency IDR of “B”. The Outlooks on the Long-Term IDRs are Stable. The ratings reflect Yerevan’s status as Armenia’s capital, satisfactory budgetary performance, supported by steady transfers from the central government,…
The Belarusian-American forum of small and medium-sized businesses will be held in Philadelphia in the first half of 2017. This matter was discussed during the Eurasian-American Technology Entrepreneurship Conference in Philadelphia, the press service of the Ministry of Foreign Affairs of Belarus reported. Senior counselor of the Belarusian Embassy in the United States Sergei Nagorny…
Taking into account the results of sunflower seed harvesting campaign, the forecast of sunflower oil production in Ukraine in 2016/2017 MY totals 5.5 million tons, and the exports – 5 million tons, the Minister of Agrarian Policy and Food of Ukraine Taras Kutovyi declared. He noted that the country would be able to reach such…
Belarus produced 664,600 peat briquettes in January-October, up by 19.5% YoY, the Energy Ministry of Belarus reported. Belarus’ peat output totaled 1.486 million tons in January-October, up by 29.4% YoY. Peat in Belarus is available at an extremely competitive price compared to the cost of natural gas, coal and wood chips. Peat is currently used…
In spite of slow non-life insurance market growth in Latvia, which had reached a mere 6% in the first three quarters, BALTA insurance association concluded the first nine months of 2016 with profits of EUR 3.2 million. According to the company’s representatives, the company’s growth has reached 14% in comparison with the same period of…
Azerbaijan plans to send its first trade mission to Pakistan in late January – early February 2017, Azerbaijani Economy Minister Shahin Mustafayev said. “The purpose behind sending the mission is to expand bilateral trade with Pakistan”, Mustafayev said. Azerbaijan has been sending trade missions to various countries since November in order to increase its exports.…
In January-November Ukrainian seaports processed 35.74 million tons of grain cargoes (including 34.986 million tons of grains), up by 6.7% YoY. In particular, the grain exports totaled 34.813 million tons (up by 6.1%), the state enterprise Ukrainian Sea Ports Authority declared. In the reporting period state stevedoring companies processed 2.703 million tons of grains at…