Ukraine: state debt down in January 2018

The aggregate state (direct) and state-guaranteed debt of Ukraine in January decreased by 0.25%, or by $190 million, to $76.11 billion, according to the website of the Ministry of Finance. In the national currency the state debt decreased by 0.46%, or by UAH 9.82 billion, to UAH 2.132 trillion. According to the report, public debt…

Belarus: MTZ’s export up in 2017

MTZ’s export rose by 26% YoY, to $561 million in 2017, Yuri Pototurko, the acting deputy director general for marketing – marketing director of Minsk Tractor Works (MTZ trademark), said at an international conference of MTZ distribution network entities. MTZ significantly built up exports to a number of countries: Russia, Uzbekistan, Kazakhstan, Azerbaijan, Tajikistan, Kyrgyzstan,…

Ukraine: EBRD supports strategy for state-owned banks

The European Bank for Reconstruction and Development (EBRD), Ukraine’s largest international investor, supports the Ukrainian government’s updated strategy for reforming the country’s state-owned banks. EBRD’s Country Director for Ukraine Sevki Acuner said that the strategy had been developed in the form of a general debate, which resulted in a very clear-cut strategy with the clear…

Ukraine: gas withdrawal up due to cold snap

Ukrainian energy and coal industry minister’s advisor Maksym Beliavsky says because of the cold snap on February 24-25, Ukraine has increased gas withdrawal from its underground storage facilities (USFs) to 101 million cubic meters per day, the maximum level for the entire 2017-2018 heating season. “Ukraine, because of the temperature drop, has increased the pumping…

Ukraine: Ukrzaliznytsia and General Electric sign agreement on production of locomotives

PJSC Ukrzaliznytsia and U.S. company General Electric Transportation signed a framework agreement on modernization and production of locomotives. The signing ceremony took place in the presence of Ukrainian President Petro Poroshenko and U.S. Ambassador to Ukraine Marie Yovanovitch. The agreement, in particular, provides for the modernization of a locomotive fleet and the construction of new…

Azerbaijan: Rabitabank authorized capital up

Azerbaijan’s Rabitabank has increased authorized capital by 12.8 million mantas, to 101.3 million manats, the bank said in a message. The bank’s authorized capital was increased at the expense of existing shareholders. The aggregate capital of the bank reached 104.6 million manats. The main goal of increasing the bank’s capital is to strengthen stability of…

Uzbekistan: Coca-Cola to increase production

Coca-Cola company in Uzbekistan decided to restore production of “FuseTea”, thus increasing production in the country. General director of Coca-Cola Bottlers Uzbekistan Ltd. (known as Coca-Cola Ichimligi Uzbekiston) Fahriddin Normatov said that the company planned to launch production of new types of products, including the FuseTea brand, this year. FruitTea has disappeared from the shelves…

Ukraine: public debt exceeds UAH 2 trillion

Ukraine’s public and publicly guaranteed debt has amounted to UAH 2.14 trillion (about $74 billion), Head of the State Treasury Service Tetiana Sliuz said during a public report on the activities of the State Treasury Service of Ukraine for 2017. “Of course, publicly guaranteed debt actually reaches trillions. As of January 1 it amounted to…

Ukraine: fast economic growth not ensured

Ukrainian Prime Minister Volodymyr Groysman has said Ukraine has yet to live up to its potential and ensure steady, fast economic growth. “So far, we have not been able to execute our ambitious plan to provide for steady, fast economic growth we are capable of,” Groysman said. Groysman added that many reforms had been launched…

Ukraine: sugar output up

Ukrainian sugar refineries have completed the current sugar production season, having produced 2.14 million tons of sugar since its launch on August 30, 2017, up by 6.5% YoY. “The production season is over. Forty-six sugar refineries have produced 2.14 million tons of sugar. Noteworthy, the increase in sugar output could be even greater, but the…

Turkmenistan: president voices discontent over low progress in transportation

Turkmen President Gurbanguly Berdimuhamedov has severely reprimanded Magsat Aydogdiyev, Minister of Automobile Transport, for improper performance of duties and shortcomings in work, the Turkmen government said in its message. “The head of state pointed to the low level of measures for further modernization and improvement of transport sphere in the country and expressed his discontent…

Belarus: food on display in Dubai

Belarusian foods are showcased during the international expo of agricultural products, food, and beverages Gulfood 2018 in Dubai, United Arab Emirates, the press service of the Belarusian Ministry of Foreign Affairs reported. A Belarusian pavilion was arranged with assistance of the Embassy of Belarus in the UAE. It features products made by a number of…

Kazakhstan: car output triples in January 2018

Kazakhstan produced 2,105 vehicles worth 12.1 billion tenge in January, reads a report issued by the Union of Enterprises of the Automobile Industry of Kazakhstan “KazAvtoProm”. The volume of output in physical terms exceeded the last year’s indicator 3.6-fold. The production of passenger cars increased 3.7-fold, reaching 2,041 units. The output of trucks (52 units)…