Ukraine: TAScombank net profit up in H1 2017

TAScombank (Kyiv) saw UAH 22.337 million of net profit in January-June, up 30.7-fold YoY (UAH 727,000). According to a bank report, its net interest income in H1 quadrupled, to UAH 617.9 million. Not taking into account expenses to form reserves net interest income totaled UAH 392.055 million (6.2-fold rise). The bank saw a 2.5-fold rise…

Uzbekistan: single brand to export fruit created

Traditional Uzbek goods, including fresh and processed products of agricultural and food industry are set to be exported under a single brand UzAgro, according to the management of the holding company “Uzbekoziqovqatholding”. According to company representatives, the new brand will serve as a guarantee of high quality of products and services for partners in any…

Latvia: GDP up in Q2 2017

In Q2 compared to the corresponding period of 2016 GDP grew by 4.1%, according to seasonally and working days non-adjusted data and by 4.8% according to seasonally and working days adjusted data. During Q2, the GDP was affected by an 8% increase in the volume of industrial production, 14% increase in construction, as well as…

Ukraine: number of air passengers to grow

Within four years, a number of Ukrainians traveling by plane should grow to 20 million per year, Infrastructure Minister of Ukraine Volodymyr Omelian said. “Our strategy envisages that within four years the number of air passengers will increase from 8 to 20 million people per year,” the minister said. According to him, now 4-5% out…