Kyrgyzstan: Bishkek HPP to burn more coal

Bishkek’s Heating and Power Plant will burn more coal after its modernization, the State Committee of Industry, Energy and Subsoil Use informed in the report on the results of the heating season. Kyrgyzstan’s power engineers are already preparing a draft resolution for preparation for the heating season-2017/2018. In total in the republic it is necessary…

Turkmenistan: president dissatisfied with local airlines’ development

Turkmenistan’s President Gurbanguly Berdimuhamedov at a meeting of the Cabinet of Ministers recalled that he had earlier given instructions concerning the development of local airlines, the Turkmen government said in a message. He expressed dissatisfaction with the management of Turkmenistan Airlines in meeting the needs of the country’s population in air transportation and noted that…

Russia: TogliattiAzot 2016 RAS net profit down

The net profit of Russian chemicals company TogliattiAzot dropped by about 94%, to 1.283 billion rubles in 2016, as calculated under Russian Accounting Standards (RAS), the company said in a statement. Revenue declined by 30%, to 44.35 billion rubles. Sales profit went down by 73%, to 7.34 billion rubles and pretax profit fell by about…

Uzbekistan: Competition committee and German Foreign Ministry discuss cooperation

The State Privatization, Demonopolization, and Competition Development Committee met with the representatives of Germany’s Foreign Ministry to discuss cooperation. The committee has closely worked together with German experts, including Finance Ministry, since 2009, pushing off the Memorandum of Understanding in Privatization and State Property Control. German support helped introduce the Corporate Governance Code in 2016,…

Ukraine: UIA denies financial relations with PrivatBank

Ukraine International Airlines (UIA, Kyiv), the country’s largest air carrier, has refuted any financial relations with PrivatBank (Dnipro). According to UIA, PrivatBank board chairman Oleksandr Shlapak in an interview with the Ekonomichna Pravda edition published on March 9, argued that all financial and budgetary operations of UIA had allegedly been outsourced to the bank. “We…

Belarus to boost trade with Pakistan to $1 billion

Belarus and Pakistan can boost trade to $1 billion by 2020, Belarusian Industry Minister Vitaly Vovk said during an event marking Pakistan National Day on March 23. “Belarus-Pakistan relations are growing stronger year by year and the bilateral cooperation is developing fruitfully in all fields,” Vitaly Vovk said. “The last two years became a watershed…