Belarus: banks’ distressed assets up

The share of distressed assets at Belarusian banks has grown by 8% since early 2016 to 15% at the moment. First Vice Chairman of the National Bank of Belarus (NBB) Taras Nadolny released these figures at the conference “The Role of the Export-Import Agency in the Belarusian Economy” on October 7 in Minsk. Stress test…

Ukraine: profitability of flour exports low

In 2015/2016 MY, profitability of Ukrainian flour exports is quite low in comparison with other countries, the adviser to the Chairman at Agrarian Fund PJSC Sergei Sakirkin declared. According to him, in 2015/2016 MY Ukraine supplied 344 thousand tons of flour to foreign markets valued at $72.29 million, while the USA – 303 thousand tons…

Ukraine: Germany provides EUR 150 million for substation modernization in Donbas

Germany’s credit institution KfW is providing a EUR 150 million loan for implementation of a project to reconstruct substations in eastern Ukraine. The individual loan agreement between Ukraine’s Cabinet of Ministers and KfW was signed at the ninth meeting of the Ukraine-Germany high-level group on economic cooperation. Eva Witt, KfW Director for Eastern Europe, Caucasus…