The economy of Kyrgyzstan experienced a shock after joining the EEU, the Economist of the World Bank office in Kyrgyzstan Bakyt Dubashov said on June 2 at a press conference. According to the results of 2016, macroeconomic growth was noted at the expense of Kumtor, but even without gold mining, there is an increase of…
The tender commission for selecting investors to construct incineration plants in Lviv region has recognized as winners all three companies that participated in the second round of the tender. The commission announced this decision at a meeting on May 31. Thus, Investment and Environmental Company, Glasswork Technology LLC and Waste Management Systems LLC got the…
Compared to Q1 2016, the volume of freights carried by land and pipeline transport increased by 3.6 million tons or by 13.6% in Q1 2017. The most notable growth in the volume of freights carried was recorded in road transport – of 2.6 million tons or 22.2%. The volume of freights carried by land and…
Ukrainian Deputy Prime Minister Stepan Kubiv cut the government’s 2017 economic growth forecast to 1.8% from 3%, citing a trade blockade with separatist-held territories as one of the drivers for the revision. The new forecast is just below the central bank’s revised prediction of 1.9%. Kubiv said growth for 2018 would likely climb to 3%,…
The process of consolidation of two Azerbaijani banks – AtaBank and Caspian Development Bank – has been completed, Chairman of AtaBank’s Management Board Dayanat Guliyev said on June 1. Guliyev noted that as a result of the consolidation, sufficient financial reserves were formed and the bank’s capital position had been strengthened. According to him, as…
The First Ukrainian International Bank (FUIB) holds the leading positions in the annual rating of “50 leading banks of Ukraine”, which is compiled by the online media Financial Club. According to the results of 2016, FUIB improved its positions in the general rating of banks by three points and took the 6th place. Several FUIB…
Both domestic and export prices of Ukrainian grains followed downward trends last week. Export prices for Ukrainian milling wheat closed the week down on average by $1-2/MT FOB. Its prices were pressured both by the upcoming new crop and a trade slowdown in the season’s end. Ukraine has already almost fully realized its wheat export…