Turkmenistan: Tashkent and Ashgabat mull issues of expanding cooperation

Central Asian states, Uzbekistan and Turkmenistan, which traditionally enjoy fruitful and successful cooperation, voiced commitment to deepen the ties. Uzbekistan’s President Shavkat Mirziyoyev and Deputy Chairman of the Cabinet of Ministers, Foreign Minister of Turkmenistan Rashid Meredov discussed the expansion of practical Uzbek-Turkmen cooperation. The sides discussed the expansion of cooperation between the countries, as…

Belarus: exports up in January-May 2017

In January-May Belarus’ export of goods and services went up by 20.6% YoY, to $13.553 billion, according to the website of the National Bank of the Republic of Belarus. In January-May Belarus’ foreign trade in goods and services amounted to $26.841 billion (up by 18.1% YoY). Export of goods and services totaled $13.553 billion (up…

Kyrgyzstan: foreign investments down in 2016

Foreign investment in Kyrgyzstan fell by a half from $1,573.2 billion in 2015 to $814,000 in 2016, the National Statistics Committee reported. Manufacturing industries accounted for a third of direct investments. Also, a significant share of investments is taken by geological exploration (20.3%), financial intermediation and insurance (22%). There was less direct foreign investment from…

Azerbaijan: DemirBank to get new stakeholders

Stakeholders of Azerbaijan’s DemirBank decided to increase the bank’s total capital, the bank said in a message. The capital will be increased by transforming the bank’s external liabilities worth $105 million into Tier 1 capital, according to the message. The bank’s recapitalization plan approved by the stakeholders has already been submitted to the Financial Market…

Ukraine: Boryspil airport provides discounts only to UIA in 2013-2016

The state-owned enterprise Boryspil International Airport in 2013-2016 provided discounts to the airport fees only to the private joint-stock company Ukraine International Airlines (UIA, Kyiv), according to recommendations of the Antimonopoly Committee of Ukraine dated June 14 and published recently. “The discounts were not provided to other airlines,” the committee said. The committee said that…

Ukraine: NBU joins BCG

The National Bank of Ukraine (NBU) has become a member of the Basel Consultative Group (BCG), the outreach arm of the Basel Committee for Banking Supervision (BCBS), the NBU has reported on its website. “The BCG aims at attracting supervision officials of the countries which are not committee members to the discussion of new proposals…

Latvia: throughput of port Riga down in H1 2017

In January-June the Freeport of Riga handled 17,512,200 tons of cargo, down by 4.1% YoY. Coal transshipment climbed by 7.4%, to 6,398,600 tons, wood pellets by 13.4%, 353,000 tons, oil products dropped by 31.8%, to 3,270,400 tons, ore by 9.2%, to 165,400 tons. The port’s container throughput grew by 14%, to 208,107 TEUs. Passenger turnover…

Belarus: enterprise to start assembling agricultural machines in Tajikistan

There are plans to start assembling Belarusian agricultural machines in Tajikistan in autumn, Ambassador Extraordinary and Plenipotentiary of Belarus to Tajikistan with concurrent accreditation to Afghanistan Oleg Ivanov reported. The ambassador took part in a seminar for heads of diplomatic missions and consular institutions of Belarus. Products of such Belarusian brands as Bobruiskagromash, MTZ, and…

Kazakhstan: food staple prices up in H1 2017

Kazakhstan has seen a 7% growth of food staples prices since the beginning of this year, Minister of National Economy Timur Suleimenov said at the session of the government on July 11. “According to official statistics, food staples prices have increased by 7% since the beginning of 2017,” said Minister Suleimenov adding that inflation made…

Ukraine: Ryanair halts sale of tickets

Ryanair (Ireland), the largest European low-cost air carrier, has stopped the sale of tickets for flights to Kyiv and Lviv. This is evidenced by the ticket sales system on the airline’s website. There are no official statements of the company on the website, however it is impossible to purchase tickets for Ukrainian flights. As reported,…

Latvia: inflation up in June 2017

The average price rate in Latvia comparing June 2016 to June 2017 has increased by 3% as products got 2.6% more expensive, services – by 4%, calculated the Latvian Central Statistical Bureau. The statisticians found that compared to June 2016, last month the greatest pressure on the price changes was put by the rise in…