In January retail trade turnover in Ukraine increased by 3% YoY, the Ukrainian State Statistics Service reports. “In January retail trade turnover increased by 3.1% YoY, but dropped by 16.4% MoM,” the report states. The highest increase in retail trade turnover was recorded in Sumy region (9.7%), Kirovohrad region (8.6%), Vinnytsia region (7.7%), the city…
Following internal examination of the situation that led to the breakdown of the first regular flight between Dushanbe and Tashkent, the Somon Air sales manager Alisher Rustamov and other persons responsible for the breakdown of the flight have been fired and Somon Air has offered official apologies to Uzbek partners. An official statement released by…
Kyrgyzstan improved its indicators in logistics efficiency rating, having risen three positions up, the Director of the Pony Express company in Kyrgyzstan Janybek Karymshakov said. According to the World Bank estimates, Kyrgyzstan took 146th place in the logistics efficiency rating. There is an increase in figures. Back in 2014 the republic was on the 149th…
The Guarantee Fund has issued 16 guarantees for 11 million soms within four months to businessmen, Deputy Economy Minister Daniyar Imanaliev reported. According to him, as of today, one of the most problematic and unresolved issues is insufficient loan collateral. Approximately 40-50% of business applications are rejected by commercial banks because of lack of collateral.…
The government of Kyrgyzstan is developing a roadmap for business support. Possibility of start-ups financing is considered within the program, Deputy Economy Minister Daniyar Imanaliev announced. According to him, the program provides for the creation of additional financial instruments, in order for the businessmen to receive more support. In addition, the government is going to…
Kyrgyzstan shall create 45 mobile slaughterhouses in order to provide the planned large volumes of production and export of meat, Deputy Economy Minister Daniyar Imanaliev said. According to him, the government is currently developing a mechanism for concessional lending of export-oriented and import-substituting enterprises. In addition, Kyrgyzstan needs buffer infrastructure for the collection, logistics and…
Kyrgyzstan, using its geographical position and effectively implementing ambitious IT projects, may become “transit hub”, including the countries of Central Asia, the head of Civil Initiative of Internet Policy NGO Tattu Mambetalieva said at the opening of the 6th Forum of Information Technologies (KIT forum). The forum is held in Kyrgyzstan for the 6th time.…
Combined heat and power plants have been transferred to the economy mode under the order of the Kyiv mayor, due to which the capital will have enough coal by the end of the heating season, chief of staff at Kyiv City State Administration Volodymyr Bondarenko has stated. “Of the three combined heat and power plants…
Ukrenergo in 2016 saw net profit rise 3.7 times (by UAH 2.192 billion), to UAH 3.012 billion compared to 2015, the company said on its website. Its net income in the reporting period increased by 32% (by UAH 1.74 billion), to UAH 7.174 billion, while gross profit rose by 43.1% (by UAH 1.503 billion), to…
The Central Bank of Azerbaijan (CBA) raised 47.7 million mantas at a deposit auction, the CBA said. The CBA was ready to receive 150 million manats for deposit, however, the demand was less than supply. The weighted average interest rate on deposit transactions at the auction was 14.87%. The CBA started holding deposit auctions in…
According to the updated statistics data, in January-September 2016/2017 MY Ukraine exported 140 thousand tons of sunflower seed, which became a record figure for the reporting period during 6 recent seasons. At the same time, Ukraine supplied nearly 80% of the reporting volumes to the EU-28 countries, in particular to the Netherlands, France and Spain.…
In 2016 Ukraine imported almost 122,954 motor vehicles, totaling more than $1.9 billion. This is reported by UkrAutoprom (Ukrainian Motor Vehicle Manufacturers Association) on its website. In contrast to the previous year, Ukraine’s car imports increased by one third in 2016, while foreign currency expenses for their purchase rose by 74%. Most imports consisted of…
The Islamic Corporation for Development of the Private Sector (ICD) intends to establish the investment fund in Tajikistan to support small and medium-sized enterprise (SME) business there, according to the National Bank of Tajikistan (NBT). This issue was reportedly discussed on February 17, at the meeting of the NBT head Jamshed Nourmahmadzoda with the ICD…
Uzbekistan Airways is planning to launch charter flights to Burgas and Barcelona this summer. Charter flights aim at popularizing and realizing Uzbekistan’s tourism potential on Bulgaria and Spain’s markets. Recent charters to Bulgaria in summer 2016 and the Maldives in winter 2016-2017 have brought more foreign tourists to Uzbekistan and showed that Uzbek citizens were…
The February 10 Presidential Resolution established the Small Business Development Guarantee Fund, a joint-stock company with offices across the regions. The document aims at supporting small business by opening access to commercial banks’ credits. The funds will help procure equipment, expand product range, and promote small businesses’ role in the socio-economic development. The fund’s authorized…
Kyrgyz Ministry of Finance for the first time has issued seven-year government treasury bonds (T-bills) valued at 500 million soms, its press service reported. It is noted that the seven-year T-bills issue was held in the execution of the Medium-Term Public Debt Management Strategy. According to the document, the Ministry of Finance will increase the…
State Mortgage Company determined the cost of a square meter of a social housing in Kyrgyzstan, Deputy Chairman of State Mortgage Company Nurzhigit Usenakun uulu said. According to him, now the design of five-storey buildings in Batken, Naryn, Jalal-Abad is completed. After receiving approval, the tender for construction will be announced. “60 apartment buildings will…
Kyrgyz citizens will able to get mortgage loans on Affordable housing program in the middle of 2017, the Chairman of the State Mortgage Company Bakytbek Shamkeev said. According to him, the State Mortgage Company has signed an agreement with the Ministry of Finance at 2.5 billion soms. Last year, 1 billion soms was provided. However,…
Kyrgyzstan has temporarily suspended the import of animal products from China, the Head of the Department of the State Inspectorate for Veterinary and Phytosanitary Safety Manas Maikanov said. According to him, import was suspended until a joint inspection by the countries of the Eurasian Economic Union of products, which China supplies to the EEU market.…
PrivatBank (Dnipro) officially informed Deutsche Trustee Company Limited, a trustee on 2018 eurobonds, that the bank does not have any obligations under the securities, according to a report on the website of the London Stock Exchange. “In response to your letter of February 8, please be informed that PrivatBank has no more obligations under the…
The share of nuclear generation of the total balance of power in Ukraine in the past weekend grew to 62%, the press service of Ukraine’s Energy and Coal Industry Ministry reported. Minister Ihor Nasalyk at a meeting of the coordination center for provision of coal supplies to thermal power plants (TPPs) said that it was…
PJSC Ukrnafta plans in 2017 to invest UAH 360 million in intensification of hydrocarbon production, the press service of the company has said. According to its data, this year Ukrnafta plans to purchase 248 sections of electric submersible pumps, as well as submersible motors, gas separators, hydraulic protection, extension cables, submersible cables, submersible telemetry systems,…
In Q1-3 2016 the volume of private transfers of funds from Kyrgyzstan to Russia amounted to $133 million, according to the Central Bank of the Russian Federation. In January-September 2016 CIS countries transferred $1 billion 72 million to Russia, down by $38.9 million YoY. In 2015 the volume of private transfers to Russia from CIS…
List of companies in Kyrgyzstan that can export products of animal origin (meat and dairy) to Russia will be expanded. Such an arrangement was made between the Vice Prime Minister of Kyrgyzstan Oleg Pankratov and Director of the Federal Customs Service of the Russian Federation Vladimir Bulavin. The press service of the Kyrgyz government reported…
Uzbekistan has established a Guarantee Fund for small business development. The President of the Republic of Uzbekistan signed the corresponding decree on February 10. The State Committee of the Republic of Uzbekistan for privatization, demonopolization and development of competition acts as the main founder of the fund, while the Association of Banks of Uzbekistan, Chamber…