“The Russian-Kyrgyz Development Fund has become an elite business fund,” Bakyt Torobayev, leader of Onuguu Progress faction, said at a meeting of Parliament on March 16. According to him, now the fund works for the interests of certain persons. Initially, it was created in order to adapt the economy of Kyrgyzstan to the norms of…
The National Bank of Ukraine (NBU) has suggested implementing the National Security and Defense Council (NSDC) decision by banning the Ukrainian subsidiaries of Russian state-owned banks from moving capital outside Ukraine. “The imposition of such sanctions means prohibiting the carrying out of any financial operations in favor of the parent bank, i.e. granting interbank loans,…
In February Ukraine exported a record for this month of 441.7 thousand tons of sunflower oil. However, the volume is 5% lower MoM. During the first half of 2016/2017 MY (September-February), Ukraine exported 2.7 million tons of sunflower oil, up by 23% YoY, which became a historical maximum. Analysts forecast total export of Ukrainian sunflower…
The European Union is ready to provide all-round support to Belarus in developing small and medium-sized enterprises (SMEs), Head of the European Union Delegation to Belarus Andrea Wiktorin said at the presentation of the peer review project “Upgrading SME Capacity Through Business Support Services in Belarus” on March 15. Andrea Wiktorin emphasized the urgency of…
The largest European low-cost airline Ryanair in October intends to launch its flights for four destinations flying from Kyiv and seven from Lviv. Ryanair Chief Commercial Officer David O’Brien said at a briefing in Kyiv on March 15, that flights to Eindhoven, London, Manchester and Stockholm would be launched from Kyiv. It is planned to…
Total debts of the Ukrainian consumers for consumed electricity as of February 1, amounted to UAH 26.4 billion, of which UAH 1.2 billion was accumulated in 2017, the Energy and Coal Industry Ministry reports. In particular, this year debts of industry for consumed electricity grew by UAH 409.2 million, debts of population – by UAH…
On March 14, the Chamber of commerce and industry of Uzbekistan held a meeting with the chairman of the board of the Canadian Business Association in Russia and Eurasia (CERBA) Nathan Hunt. In negotiations with the chairman of the Chamber of commerce and industry Alisher Shaykhov, it was noted that trade and economic cooperation between…