Kazakhstan: vegoil production down in January 2017

Kazakh production of refined and unrefined vegoils shrank to 24.6 KMT in January against 32.2 KMT a month earlier, Kazakhstan’s Statistics Agency reported.

Compared to January 2016, vegoil production gained 5.6%.

A total 325.3 KMT of vegoil was produced in 2016. (UkrAgroConsult/Business World Magazine)

Russia: net capital outflow up in January-February 2017

Russia’s net private capital outflow increased by 6.3% YoY, to $5.1 billion in January-February, the central bank said in a statement.

In January-February 2016, Russia’s net private capital outflow stood at $4.8 billion. (Prime/Business World Magazine)

Belarus: ways to boost foreign trade sketched out

An expanded-participation meeting of the board of the Ministry of Foreign Affairs of Belarus reviewed the ministry’s performance in 2016, the press service of the ministry reported. The meeting gathered members of the government, representatives of the Belarus President Administration, the National Assembly, the National Bank, heads of the national government agencies, region executive committees…

Azerbaijan: AtaBank increasing capital

Azerbaijan’s Financial Market Supervisory Authority (FIMSA) has registered the additional issuance of shares of AtaBank OJSC in the total amount of 20 million manats, FIMSA said in a message on March 10. One million shares have been issued at a par value of 20 manats each. The shares will be placed via closed subscription. AtaBank…

Kyrgyzstan: GDP growing in January-February 2017

The National Statistical Committee presented the results of the social and economic development of Kyrgyzstan for January-February. According to the committee, in the first two months of 2017, GDP amounted to almost 52 billion soms. In comparison with 2016, it grew by 5.4%. Without taking into account the enterprises developing Kumtor mine, the indicator is…

Belarus to work with Uralkali if interests respected

Minsk is ready to cooperate with Russian potash fertilizer producer Uralkali if the company respects interests of Belarus to the degree of “200%”. While hearing a report on operation of Belarusian Potash Company, or Belaruskali, the Belarus president Alexander Lukashenko said that representatives of Russia had repeatedly asked him to restore cooperation between Uralkali and…

Kazakhstan: EIA ups oil output forecast

The US Energy Information Administration (EIA) in its March short-term energy outlook has raised the forecast for the 2017 and 2018 oil output in Kazakhstan. The forecast for 2017 was increased to 1.88 million barrels per day as compared to 1.86 million in the previous report published in February. The forecast for 2018 rose to…

Ukraine: French investors begin to work actively

The bilateral economic turnover between Ukraine and France has increased by 36%, Ukrainian Foreign Minister Pavlo Klimkin said at a joint briefing with French Foreign Minister Jean-Marc Ayrault. “If we look at our bilateral economic turnover, we will see that it has increased by 36%. And this means that our businessmen are working together, and…

Turkmenistan: Altcom Group to strengthen positions

Head of Ukraine’s Altcom Financial-Industrial Group Alexander Tislenko, during his meeting with Turkmen President Gurbanguly Berdimuhamedov, spoke about the interest of his company to further strengthen positions on prospective Turkmen market. The company intends to actively participate in planned large-scale projects and programs, which are of great importance for strengthening and increasing the potential of…

Uzbekistan: Japan allocates over $500,000 for social projects

Japan has allocated grants worth $551,100 to Uzbekistan for the implementation of eight social projects, the Japanese embassy said. The grants are allocated through the Japanese governmental program “Official Development Assistance” (ODA), the embassy said. Uzbek Deputy Minister of Healthcare Elmira Basitkhanova, the country’s First Deputy Minister of Public Education Bakhtiyor Daniyarov and Japanese Ambassador…