Increasing the level of localization of finished products plays an important role in further dynamic and sustainable development of the economy, reducing its dependence on external factors, accelerating the introduction of new efficient technologies in production processes. That is why localization is one of the main directions of industrial development in Uzbekistan, which ensures wide…
Since the beginning of 2016/2017 MY and as of March 22, Ukraine exported 32.13 million tons of grains, the Ministry of Agrarian Policy and Food of Ukraine declared. In particular, wheat exports totaled 14.29 million tons, barley – 4.73 million tons, and corn – 12.94 million tons. In addition, flour export reached 269.2 thousand tons,…
As of March 22, Ukrainian agrarians planted early spring grains and pulses throughout the areas of 471 thousand ha, or 20% of the forecast, the Ministry of Agrarian Policy and Food of Ukraine declared. In particular, agrarians planted spring wheat throughout 12 thousand ha (6%), peas – 122 thousand ha (44%), spring barley – 321…
Members of the interdepartmental commission in a month should find out the reasons for the loss and low profitability of state-owned enterprises, Vice Prime Minister Zhenish Razakov said at a meeting on optimization of state property management, the information department of the Kyrgyz government reported. “The state represented by the State Property Management Fund participates…
In the challenging external environment, maintaining strong, sustainable, and inclusive growth for Turkmenistan will require improvements in the business and regulatory environment to support further private sector development, the IMF (International Monetary Fund) mission said in a message following the visit to Ashgabat. Effective implementation of reforms of state-owned enterprises and privatization, greater efficiency of…
Officers of the Security Service of Ukraine (SBU) jointly with Prosecutor General’s Office (PGO) have revealed embezzlement of hundreds of millions of hryvnias by officials of municipal corporation Kyivavtodor. The press service of SBU reported that it was established that officials embezzled funds of the national and city budgets provided for construction, maintenance, overhaul and…
Kyrgyzstan has managed to increase deliveries of products to the markets of the Eurasian Economic Union (EEU) in 2016 despite the decline in its trade turnover with members of the union in the same period, Vice Prime Minister of Kyrgyzstan Oleg Pankratov said. “If we take the total figure, the drop in external trade with…
China’s Ministry of Defense will provide the Armed Forces of Kyrgyzstan with the grant military aid of 100 million yuan, the press service of the General Staff of the Kyrgyz Republic reported. An agreement was signed following the visit of the Head of General Staff of the Kyrgyz Republic Raimberdi Duyshenbiev to China. According to…
A total of UAH 2 billion has already been transferred for road patching repairs this year, but major road maintenance operations will be launched in late March-early April, Ukrainian Infrastructure Minister Volodymyr Omelian has stated at a meeting of the Cabinet of Ministers of Ukraine. “95% of roads are no longer usable and do not…
State-run PrivatBank plans to expand cooperation with the government in providing some social services on the basis of Privat24 platform, PrivatBank Head Oleksandr Shlapak has said. “PrivatBank today is a leader of the so-called ‘digital banking.’ For many years we have been providing services that no country provides. We are trying to convince the government…
Public joint-stock company AvtoKrAZ (Kremenchuk, Poltava region), the sole heavy truck producer in Ukraine, saw a 40% fall in net loss in 2016, to UAH 188.93 million. According to the revised information to the agenda of a general meeting of shareholders scheduled for March 30, uncovered loss as of January 1, 2017 totaled UAH 629.74…
Ukraine in 2016 imported 1.61 billion cubic meters of natural gas for a total of $394 million. Thus, according to the State Statistics Service, the average price of gas imported in January was $244.6 per 1,000 cubic meters against $228.8 in December 2016. Last year Ukraine from counterparties in Switzerland received 744.999 million cubic meters…
On March 11-12, air temperatures became slightly lower than earlier in the month. Cloudy weather dominated the country with almost daily insignificant precipitation occurring all over its territory except for the East. The average daily air temperature was within a range of +2.2 to +7.5 degrees C, i.e. 2.9-6.4 degrees above normal. On the warmest…
An all-time high of 4.9 KMT of sunoil was supplied from Kazakhstan to foreign markets in January. Looking into the export dynamics of the first five months of each season, periods of high and minimum exports alternated from 2008 till 2014. By 2013/2014, exports had reached 13.6 KMT – the highest point for the time.…
Prime Minister of Ukraine Volodymyr Groysman says that government spent about UAH 10 billion on road repairs and construction last year; however some of these repaired roads are again in poor condition. “Last year we spent UAH 10 billion on roads and the situation in many regions was noticeably better, but there are many new…
President Shavkat Mirziyoyev signed a decree “On measures for further simplification of the system of micro-lending to businesses and the wider population”, aimed at ensuring broad access to preferential micro-loans. The decree provides for the introduction of a simplified mechanism for granting micro-loans to newly registered individual entrepreneurs (IE) and family business entities (FBE) without…
Clothing for children and adolescents in the Eurasian Economic Union will become safer. Corresponding amendments to the technical regulations of the union were approved by the board of the Eurasian Economic Commission. It is noted that tougher requirements for the quality of fabrics used for making children’s clothes have been set. In particular, the division…
The sale of Alfa-Bank Ukraine is not being planned, one of the bank’s major shareholders Petr Aven declared. “We are not preparing to sell,” Aven said, adding that Alfa-Bank currently had a “normal working relationship” with the National Bank of Ukraine. Earlier, the director of strategic communication of Alfa-Bank Ukraine Denis Kazvan said that after…
The State Road Agency of Ukraine (Ukravtodor) and China Road and Bridge Corporation (CRBC) have begun working on a joint project for the construction of a road bypassing the city of Kremenchuk with a bridge across the River Dnipro, Ukravtodor posted on its official Facebook page. “On March 21, the Memorandum of Cooperation between the…
Belarus has imposed temporary restrictions on the import deliveries of live pigs, pork and derived products from Kherson region due to the outbreaks of African swine fever (ASF). This has been said in a relevant order of March 17, published on the website of the Department of Veterinary and Food Control at the Ministry of…
As of March 1, the registered carry-over stocks of grains and pulses in Kazakhstan totaled 11.735 million tons, the Statistics Committee of the Ministry of National Economy of the Republic of Kazakhstan reported on March 21. In particular, peasant and farming households stored 2.483 million tons of grains. Wheat formed the major share of the…
Global Finance, an English-language international financial magazine, has named ASB Belarusbank the best bank on the Belarusian market for the fifth time. The information is posted on the website of the magazine. Global Finance magazine announced its annual awards for the World’s Best Banks last week. Among the honorees for Central and Eastern Europe it…
The National Bank of Ukraine (NBU) due to the blockade of trade with the certain areas of Donetsk and Luhansk regions and the improvement of situation on foreign markets has revised macro indicators for 2017 and 2018, in particular, worsening the forecast for the growth of the country’s gross domestic product (GDP) for 2017 from…
According to preliminary information, Ukraine exported 840 KMT of wheat in February that is basically comparable with its exports in the same month last year (855 KMT). In total, the country supplied 13.56 MMT of wheat to foreign markets in the first eight months of the current season, or 14.5% more than at the same…
Construction of a new central hospital has begun in the town of Aralsk. According to the press service of the Kyzylorda regional administration, akim (governor) of Kyzylorda region Krymbek Kusherbayev took part in the groundbreaking ceremony of the hospital. During the ceremony, governor Kusherbayev congratulated residents of Aralsk on Nauryz holiday and the onset of…