Ukraine: rapeseed exports exceed crushing

Large and medium-sized crushers of Ukraine produced 2.5 KMT of rapeseed oil in December 2016 against 2 KMT in November 2016 and 7.2 KMT in December 2015. Rapeseed oil production at Ukraine’s large and medium-sized plants has amounted to 61.6 KMT since the beginning of the season 2016/2017, or down by 52% YoY. Analysts note…

Ukraine: food exports to UAE down in 2016

Exports of Ukrainian food to the United Arab Emirates (UAE) fell by 19% in 2016, to $106 million, the Ukrainian Food Export Board (UFEB) has reported. “In 2013-2015 revenue from food supplies to UAE fell from $165 million to $134 million, and in January-November 2016 we had $106 million. The trend is disappointing,” UFEB Director…

Ukraine: half of bank credits non-performing

The share of bad and non-performing loans (NPL) today is around 50% of the total loan portfolio of Ukrainian banks, Director of the financial stability department of the National Bank of Ukraine (NBU) Vitaliy Vavryschuk said. “We have revealed during stress tests that the share of these loans is around 50%,” he said. Vavryschuk said…

Tajikistan: government initiates formation of reserve fund for unforeseen expenses

The government of Tajikistan has initiated the formation of the reserve fund in the national budget for extraordinary expenses. The so-called “safety cushion” will be created from the resources of state-owned enterprises (SOE) with an allowance for potential risk from them. The strategy of managing fiscal risks from state-owned enterprises designed for the period until…

Kazakhstan: banks to face solvency risks over 12-18 months

Moody’s Investors Service expects Kazakh banks to continue facing solvency risks over the next 12-18 months amid a challenging business environment, the rating agency said in its report entitled “Banks – Kazakhstan; Heightened Insolvency Risks Drive the Negative Outlook”. “Asset quality remains weak across Kazakhstan’s banking sector as the depreciated tenge, combined with challenging operating…

Belarus: meat and dairy companies stay committed to high standards of quality

Belarusian meat and dairy companies adhere to the highest standards of quality, Nadezhda Kotkovets, Deputy Head of the Presidential Affairs Department, declared. “We know the safety and quality requirements. All the companies take these requirements seriously and comply with them in full,” Nadezhda Kotkovets noted. “Complaints from Russia are immediately analyzed and dealt with. In…

Tajikistan: Kazakhstan invites investors to participate in privatization of state assets

Kazakh Ambassador to Tajikistan Nurlan Seitimov has invited Tajik investors to participate in privatization of Kazakhstan’s state assets. A source at the Kazakh Embassy in Dushanbe says this issue has been discussed at a meeting of Seitimov with Fayziddin Qahhorzoda, the head of the State Committee on Investment and State-owned Property Management of Tajikistan (GosKomInvest).…

Turkmenistan and Bangladesh mull energy co-operation prospects

Ashgabat hosted a meeting with Bangladesh’s Extraordinary and Plenipotentiary Ambassador to Turkmenistan (with a residence in Tehran) Majibur Rahman Bhuiyan, the Turkmen Foreign Ministry said. The parties noted their interest in development of cooperation in the areas of electricity, transportation and petrochemical sphere. It was also noted that the two countries had opportunities to intensify…

Uzbekistan: EBRD planning investments

The European Bank for Reconstruction and Development (EBRD) aims at long-term cooperation with Uzbekistan, Natalia Khanjenkova, managing director for Central Asia and Russia at the EBRD, said. It was previously reported that an EBRD delegation headed by Khanjenkova arrived in Tashkent on February 7, to discuss cooperation prospects. “On the basis of consultations with the…

Ukraine: two seaports renamed

The Cabinet of Ministers of Ukraine decided to rename two geographical objects – SE Sea Commercial Port of Illichivsk and Specialized Sea Port Oktyabrsk. The decree #46 dd. January 25, is published on the government web-portal. According to the document, the officials named the seaport of Illichivsk Chernomorsk Commearicla Sea Port, and the specialized sea…

Ukraine: electricity consumption up in January 2017

Electricity consumption in Ukraine in January, taking into account losses in electricity transmission, grew by 1.8% YoY, or by 263.4 million kilowatt-hours (kWh), to 14.913 billion kWh, the Energy and Coal Industry Ministry has reported. Electricity consumption, not including losses, over the period rose by 6.7% or 738.2 million kWh, to 11.793 billion kWh. Industry…