Kyrgyzstan: completion of Tamchi-Cholpon-Ata road construction requires 726.9 million soms

At least 726.9 million soms are needed to complete the construction of Tamchi-Cholpon-Ata road, the Ministry of Transport and Roads of the Kyrgyz Republic reported. 212 million soms are provided for the reconstruction of Balykchy-Tamchi-Cholpon-Ata-Korumdu road according to a list of facilities and construction projects financed from the republican budget and approved on February 15.…

Kazakhstan to decrease wheat harvest

According to forecasts of the US Department of Agriculture, in the new season the harvest volumes of wheat in Kazakhstan will decrease by 13% YoY, to 13 million tons. Domestic consumption of wheat will keep at the current season level – 6.9 million tons. A decline in wheat usage for seeds will compensate for growing…

Ukraine: USA becomes major importer of honey

Since the beginning of 2017, Ukraine has sent most of its honey exports to the United States, totaling $12.6 million, the press service of the Ukrainian Agrarian Policy and Food Ministry reports. “The United States has been the major importer of Ukrainian honey during the period. The export deliveries of honey to this country came…

Uzbekistan: free economic zones for pharma firms created

President Shavkat Mirziyoyev singed a decree to create the free economic zones Nukus-pharm, Zomin-pharm, Kosonsoy-pharm, Sirdaryo-pharm, Boysun-pharm, Bustonlik-pharm, and Parkent-pharm, in efforts to draw investment to the pharmaceutical industry, produce high-quality medicine, boost Karakalpakstan, Djizzak, Namangan, Sirdarya, Surkhandarya and Tashkent’s industrial capacities, and create new jobs. With pharmacy bearing much importance, Uzbekistan has always paid…

Ukraine: state-owned banks strategy to focus on settling problem of competition

A strategy for state-owned banks being designed will focus on settling the problem of competition between the financial institutions, first of all PrivatBank and Oschadbank (both based in Kyiv), Ukrainian Finance Minister Oleksandr Danyliuk has said. “Oschadbank is competing with PrivatBank. I cannot criticize managers of the two banks for competition: they are commercial structures,…

Ukraine: electricity exports to Moldova and Eastern Europe to continue

In May Ukraine is expected to export 583 million kilowatt-hour of electricity to Moldova and Eastern European countries, according to the forecast balance of Ukraine’s integrated energy system for May. All types of electricity-generating facilities in Ukraine’s integrated energy system will produce 11.608 billion kilowatt-hour of electricity. Meanwhile, Energoatom National Nuclear Energy Generating Company of…

Tajikistan: German bank provides 7 million euros for rural housing finance

Germany’s Kreditanstalt fur Wiederaufbau (KfW) will provide 7 million euros for the rural housing finance in Tajikistan. An agreement on this subject has been signed by Ms. Kristin Laabs, Country Director, KfW Development Bank Tajikistan, and Mr. Nematullo Hikmatullozoda, Minister of Economic Development and Trade of Tajikistan. The German and the Tajik governments reportedly agreed…

Ukraine: PrivatBank to extend its cashless network

PrivatBank states it will increase its payment terminal network by 20% with Verifone services, about 20,000 Verifone VX 520 terminals are expected to be deployed by September, the bank’s press service reports. “PrivatBank aims at increasing its network for payment and contactless cards acceptance by 20% in 2017. Verifone has been selected as the payment…

Tajikistan: investment portfolio includes 68 projects totaling $2.85 billion

Tajikistan’s investment portfolio now includes 68 projects totaling 2.85 billion according to the State Committee on Investments and State-owned Property Management (GosKomInvest). Tajikistan’s investment portfolio, in particular, includes 25 grant based projects, 16 loan based projects and 27 mixed-finance projects. “More than $1.2 billion have been drawn in the framework of these projects since the…

Ukraine: gas transit up in January-April 2017

Ukraine in January-April increased transit of natural gas through its gas transportation system by 22.5% (5.602 billion cubic meters) compared to January-April 2016, to 30.53 billion cubic meters, according to live data from PJSC Ukrtransgaz. Gas transit through Ukraine to Europe in the past four months amounted to 29.388 billion cubic meters and to Moldova…

Latvia: construction of new grain terminal warehouse completed in Ventspils

As part of the terminal’s expansion project, construction of a new warehouse for Ventspils Grain Terminal has been successfully completed. Now it is possible to commence wall construction work, as reported by the company’s chairman Vladislavs Safranskis. The expansion project for the improvement of Ventspils Freeport includes not only increasing storage capacity thanks to the…