Kyrgyzstan: capital outflow continues

Outflow of capital in January-September 2016 reached $161.3 million, the Minister of Economy Arzybek Kozhoshev said at a government meeting. According to him, economic decline and inflation in the countries – main trade partners (Russia, Belarus and Kazakhstan), were among the negative factors that affected the economy of Kyrgyzstan in 2016. In particular, inflation in…

Ukraine: Ukroboronprom boosts arms exports in 2016

Exports of arms and dual- and special-purpose products by state-run Ukroboronprom Concern in 2016 grew by 25% YoY, to $756 million. These figures were announced by Ukroboronprom Deputy Director Denys Hurak at a forum on cooperation between the defense industry and small and medium-sized businesses. The concern’s state-run enterprises concluded contracts on arms exports last…

Ukraine: Turkish Airlines to add three more Kherson-Istanbul flights to summer 2017 schedule

Turkish Airlines will add three more flights on the Istanbul-Kherson route to the summer schedule totaling 10 flights per week. From March 26, flights between Kherson (Ukraine) and Istanbul (Turkey) will be operated in the morning and in the evening. Morning flights will be operated on Mondays, Tuesdays, Wednesdays, Thursdays, Saturdays and Sundays with departure…

Uzbekistan: exporters contract for $55.6 million on Green Week

Uzbek exporters and regional and district khokims continue negotiations on exports to foreign countries, including European states, at Green Week, an international agricultural exhibition. On the fourth day, exporters met representatives of Central Investments Worldwide L.P. and Better International Trade (UK), GIZ (Germany), Avietes (Lithuania), Befresh (Israel), Greenfield Agro and Shri Niwas Dall & Besan…

Uzbekistan: airways to launch new flights

Uzbekistan Airways announced it planned to launch flights to Dushanbe (Tajikistan) and Lahore (Pakistan) in 2017. The company is also working on flights to Mumbai (India) and Guangzhou (China). Director-General Valeriy Tyan said Uzbekistan Airways bought 4 more Boeing 787 Dreamliners and went ahead with Tashkent 4, a new passenger terminal expected to serve 1,500…

Turkmenistan: Ashgabat hosts water coordination forum of Central Asia

Ashgabat hosted the next meeting of the Interstate Commission for Water Coordination (ICWC) of Central Asia. The ICWC is the body of five governments, which entrusted direct functions of water resources management and development and maintenance of sustainable natural and hydro ecological processes on transboundary water resources to the ministries (State Committees, Departments) of water…

Tajikistan: wheat imports up in 2016

In 2016 the imports of wheat to Tajikistan totaled over 1.34 million tons, up by 16.9% YoY. Kazakhstan was the main country-supplier of wheat, the Head of the Antimonopoly service at the Government of Tajikistan Sajdi Kodirzoda said. Also, in the reporting period Tajikistan imported nearly 88.8 thousand tons of flour (the average price totaled…

Ukraine: Ukrzaliznytsia to focus on corporate reform in 2017

PJSC Ukrzaliznytsia should in 2017 complete the separation of individual directions in the company’s activities, as well as introduce European standards of corporate governance, the head of the company supervisory board, First Deputy Minister of Infrastructure Yevhen Kravtsov said. “In 2016 the company’s management focused on stabilization of management processes in the company. The supervisory…

Uzbekistan: export deliveries to Ukraine expanded

Business circles of Uzbekistan and Ukraine signed bilateral agreements in the diplomatic mission of Uzbekistan in Kiev, aimed at increasing the volume of exports of the Uzbek producers. In particular, representatives of JSC Uzsanoateksport and JSC Uztadbirkoreksport signed agreements for a total amount of $7.05 million on the export of products of domestic manufacturers, namely…

Kazakhstan: wheat bran exports going up

In the current season of 2016/2017 Kazakh exporters continued building up wheat bran shipments to foreign markets. Kazakhstan exported 60.6 KMT of wheat bran in the first three months of the season (September-November 2016), up by 66% YoY (36.5 KMT). Uzbekistan remains the key importer of Kazakh wheat bran – the country absorbed over 78%…

Ukraine: Boryspil airport fined for abuse of monopoly

Ukraine’s Antimonopoly Committee has fined the Boryspil International Airport (Kyiv) for abuse of monopoly on the specialized airport service market. “We have finished hearing a case about abuse of monopoly by the Boryspil International Airport on the specialized airport service market. We fined the airport UAH 12.78 million,” authorized official of Ukraine’s Antimonopoly Committee Ahiya…