Turkmenistan: additional railway line to be built in Afghanistan

The information about laying an additional 10-kilometer railway line to develop Afghanistan’s Aqina railway station was voiced at a working governmental meeting in Ashgabat city. The corresponding project was developed at the Turkmen Ministry of Railways. President of Turkmenistan Gurbanguly Berdimuhamedov stressed that all infrastructure facilities of this railway must be provided with equipment that…

Ukraine: FDI up in January-September 2018

The volume of foreign direct investment in the Ukrainian economy (non-residents’ equity capital) in January-September increased by $367.2 billion, or by 1.2% YoY, to $31.974 billion as of October 1. Over the period under review $1.71 billion in new investment was received, while $491.5 million was dropped. The negative revaluation stood at $851.7 million, according…

Ukraine: Deposit Guarantee Fund introduces temporary administration in VTB Bank

The Individuals’ Deposit Guaranteeing Fund has started the procedure of withdrawing PJSC VTB Bank from the market by introducing temporary administration for one month from November 28 to December 27. According to the fund’s website, Yulia Zabolotna has been appointed temporary administrator of the credit institution. The beginning and procedure of paying guaranteed amount to…

Ukraine: state debt down in October 2018

In October the overall state and government-guaranteed debt of Ukraine decreased by almost 0.5% MoM, the Finance Ministry’s press service reports. As of October 31 the overall state and government-guaranteed debt of Ukraine totaled $74.32 billion, down by $0.35 billion. According to the ministry, the state and government-guaranteed debt in hryvnia equivalent over the reporting…

Ukraine: MHP buys Slovenian poultry firm Perutnina Ptuj

Ukraine’s major chicken meat producer PJSC Myronivsky Hliboproduct (MHP) has signed an agreement to buy 90.68% of the issued share capital of a Slovenian poultry producer, Perutnina Ptuj (PP). “MHP SE, a leading international agro-industrial group, following the announcement of its intention to acquire Perutnina Ptuj D.D. on September 26, announces that MHP has signed…

Azerbaijan: economy growing

Fitch Ratings, an international rating agency, has noted improvement in the macroeconomic conditions in Azerbaijan, the agency said in a message. The message reads that in January-September the economy of Azerbaijan grew by 0.8% YoY, while the growth rate of non-oil GDP was 1%. Inflation fell sharply from 12.9% at the end of 2017 to…

Armenia: tractors manufacture to begin

Acting Prime Minister Nikol Pashinyan met Armen Harutyunyan, the head of Beltekhnika, a Lithuanian company engaged in the production of agricultural equipment. At the meeting in Yerevan, the parties discussed issues related to Beltekhnika’s initiative to implement an investment project for the production of agricultural machinery such as tractors in Armenia. Reaffirming the Armenian government’s…