Uzbekistan: Ministry of economy and EBRD to develop cooperation program

The Ministry of economy of the Republic of Uzbekistan held a meeting with the President of the European Bank for reconstruction and development Suma Chakrabarti. EBRD delegation was informed in detail about the achievements of the socio-economic development of the country in recent years, in particular about large-scale economic reforms aimed at further structural transformation…

Ukraine: 31 million tons of grains exported

Since the beginning of 2016/2017 MY, Ukraine has exported 30.83 million tons of grains, the Ministry of Agrarian Policy and Food of Ukraine declared. In particular, wheat exports totaled 13,97 million tons, barley – more than 4.7 million tons, and corn – 11.91 million tons. Flour export reached 267.8 thousand tons, including 266.7 thousand tons…

Tajikistan: residents of villages in upper Vanj valley start receiving electricity

Residents of villages in the upper Vanj valley of the Gorno Badakhshan Autonomous Region (GBAO) have begun receiving electricity. Abdullo Amonbekov, a spokesman for Pamir Energy Company, says the small hydroelectric power plant “Tekharv” with capacity of 400 kW, located in the Vanj district, has begun generating electricity after major repairs. “This has allowed us…

Ukraine: NBU suggests NSDC to ban Russian state banks’ subsidiaries from executing transactions in favor of their parent banks

The National Bank of Ukraine (NBU) has suggested implementing the National Security and Defense Council (NSDC) decision by banning the Ukrainian subsidiaries of Russian state-owned banks from moving capital outside Ukraine. “The imposition of such sanctions means prohibiting the carrying out of any financial operations in favor of the parent bank, i.e. granting interbank loans,…

Belarus: EU ready to assist with SME development

The European Union is ready to provide all-round support to Belarus in developing small and medium-sized enterprises (SMEs), Head of the European Union Delegation to Belarus Andrea Wiktorin said at the presentation of the peer review project “Upgrading SME Capacity Through Business Support Services in Belarus” on March 15. Andrea Wiktorin emphasized the urgency of…

Kyrgyzstan: Pakistan interested in cooperation

Pakistan is interested in partnership with Kyrgyzstan in such spheres as medicine, pharmaceuticals industry, IT technologies, agriculture, and also in the mining industry, members of the Chamber of Commerce and Industry of Iran stated at a meeting with delegation of the Parliament of Kyrgyzstan. The Speaker Chynybay Tursunbekov said that Kyrgyzstan had created a liberal…

Kazakhstan: two banks to merge

The shareholders of Kazakhstan’s Tengri Bank and Capital Bank Kazakhstan have signed a memorandum of intent to merge, the press-services of two banks said in a message on March 15. The bank’s consolidated capital will be 43.2 billion tenge and the bank will rise to the 17th place among second tier banks in Kazakhstan. Currently,…

Ukraine not participating in PrivatBank’s arbitration against Russia in The Hague

Information that Ukraine is allegedly actively engaged in international court proceedings initiated by PrivatBank against the Russian Federation regarding the compensation of damage from the loss of the banking business and assets due to illegal Crimea annexation is false, the Finance Ministry of Ukraine has reported. “The Ukrainian State does not participate in the claims…

Ukraine: gas import price up in February 2017

Ukrainian enterprises in February imported gas at an average price of UAH 6,681.88, or $246.88 per 1,000 cubic meters, the Ukrainian Ministry of Economic Development and Trade reported on its website. In January the price of imported gas was $229.51 (UAH 6,032.85). The price of imported gas in January 2016 was $231.41 (UAH 5,542.82), $200.39…

Russia: NCSP turnover flat in January-February 2017

NCSP Group says its consolidated cargo turnover for January-February comprised 23800 thousand tons, in line with first two months of 2016. Transshipment of cargo in February totaled 11130 thousand tons versus 12670 thousand tons in January, mostly because February was a shorter month also beset by adverse weather. In February storm warnings at the port…

Belarus: dairy farming practices praised

Belarus’ experience in dairy farming is great and is worth to learn from, Chairman of the National Union of Milk Producers Soyuzmoloko (Russia) Andrei Danilenko said. “There is no denying that Belarus has a number of objective advantages that enable its farmers to manufacture highly-competitive products in terms of prices. Firstly, Belarus has long been…

Ukraine: sunoil facing heavy competition

The bumper sunseed crop Ukrainian growers managed to harvest in 2016 – 14 MMT (estimate) – predictably matters in the 2016/2017 season. Justifying expectations of analysts and market participants, both sunseed crushing and sunoil exports show a record pace. So, sunoil production by large and medium-sized crushers in the five months of 2016/2017 is estimated…