According to initial estimates, Belarus’ gross domestic product totaled Br47.3 billion in January-June or 101% as against January-June 2016 in comparable prices, the National Statistics Committee of Belarus declared. In January-June the deflator index of Belarus GDP totaled 107% as against the same period of last year. (BelTA/Business World Magazine)
Deputy Chairman of the National Bank of Kazakhstan Oleg Smolyakov has commented on the purchase of Kazkom by Halyk Savings Bank. “On July 5, the transaction for the acquisition of the controlling interest in Kazkommertsbank JSC by Halyk Savings Bank of Kazakhstan was completed. All rights and legitimate interests of the depositors, creditors, investors are…
A single electricity market will begin operating in Kazakhstan, starting from January 1, 2019. Electricity trading is planned on the basis of centralized site of the Committee for Regulation of the Natural Monopolies, Protection of Competition and Consumer Rights under the National Economy Ministry. This was stated by the head of the department Kanat Bozumbayev.…
In 2016, the profit of the National Bank decreased by 42.3% YoY. The Audit Chamber reported on the results of the bank audit last year. As of December 31, 2016, 50 accounts of the Central Treasury of the Ministry of Finance of the Kyrgyz Republic were opened in the National Bank. 32 of them were…
A new building of Rysgal commercial bank – Turkmenistan’s first bank created by private entrepreneurs – opened in Ashgabat. The private credit organization created by entrepreneurs gives a new impetus to developing the private sector of the Turkmen economy. In late March, the International Monetary Fund (IMF) said Turkmenistan needed to improve the business and…
The aquaculture safety project is funded by the government of Norway and is implemented in partnership with the Agrarian Policy and Food Ministry of Ukraine and covers legislative support in fisheries, as well as access to international market, the press service of the Food and Agriculture Organization (FAO) reported. “The project implementation will contribute to…
The deficit of Ukraine’s foreign trade in commodities was estimated at $1.7 billion in January-May, up 1.8-fold YoY, according to the Ukrainian State Statistics Service’s website. Exports of goods from Ukraine over the period under review grew by 25.9% YoY, while imports of goods rose by 28.6%, the service said in a statement. The ratio…