Armenia: exports up in January 2017

Armenia’s exports amounted to $124.4 million in January, up by a total of 35.4% against the same period last year. As the National Statistical Service reports, Russia-bound exports surged by 80%, while those to the EU countries and Iraq increased by 21.5% and 24.4% respectively. Exports to the United Arab Emirates grew 6-fold, totaling some…

Ukraine: real wages up in January 2017

Real wages in Ukraine in January compared to January 2016 increased by 21.4% and compared to December 2016 they fell by 8.3%, the State Statistics Service has said. The largest growth of average wages in January compared with January 2016 was observed in Ternopil (by 54.3%), Zakarpattia (51.8%), Chernivtsi (50.3%), Volyn and Kherson (49.8% each),…

Ukraine: soybean crushers losing to exporters

The current season of 2016/2017 features a bumper soybean harvest in Ukraine, which is estimated by analysts at 4 MMT. At the same time, the crusher interest in soybeans is declining. The main reason is decreased domestic demand for soybean products, primarily soybean meal as a basis for poultry feed. Statistics show a downward trend…

Belarus: construction companies to continue building affordable homes in Venezuela

Belarusian construction companies will continue building public welfare homes in Venezuela. The plans were discussed when Ambassador Extraordinary and Plenipotentiary of Belarus to Venezuela Oleg Paferov met with Venezuelan Minister of Housing and Habitats Manuel Quevedo, the press service of the Belarusian Ministry of Foreign Affairs reported. During the meeting the sides discussed prospects of…

Tajikistan: International Bank opens banking service center in Kulob

The International Bank of Tajikistan (IBT) has opened its banking service in Kulob. The IBT’s banking service center reportedly offers the following services to its customers: money transfer; currency exchange; loaning; deposit keeping; plastic card transactions; and so forth. The closed joint-stock company “International Bank of Tajikistan” was established in February 2016, as the microfinance…

Ukraine: energy system operating stably

First Deputy Energy and Coal Industry Minister of Ukraine Halyna Karp says that in spite of the blocking of coal supplies in Donbass, the united energy system of Ukraine operates stably. “At present the united energy system of Ukraine operates in a state of emergency, which has been introduced in connection with the blockade in…

Belarus: external state debt down in January 2017

As of February 1, Belarus’ external state debt totaled $13.5 billion, down by $95.7 million or by 0.7% from the beginning of the year (taking into account differences in currency exchange rates), representatives of the Belarusian Finance Ministry declared. In Januaryexternal state borrowings totaled $36.8 million, including $21.8 million borrowed from the Russian government and…

Turkmenistan to privatize carpet weaving industry

In order to create the most favorable conditions for bringing the Turkmen carpet weaving to a new level, it is necessary to ensure the privatization of this industry, Turkmenistan’s President Gurbanguly Berdimuhamedov said. He made the remarks addressing a meeting of the country’s Cabinet of Ministers, according to the Turkmen government. Turkmenhaly State Association includes…