The cost of additional and unforeseen works within the first phase of construction of North-South alternative route amounted to $55 million, the Ministry of Transport and Roads of Kyrgyzstan reported. A detailed working project for this phase and construction of the tunnel through Kok-Art Pass was drawn up in parallel to the construction. After the…
Farmers of seven southern Ukrainian regions have started spring grain sowing, seeding 31,000 hectares, the agriculture ministry said on March 13. Farmers have sown 18,000 hectares of spring barley, 11,000 hectares of peas and 2,000 hectares of oats, the ministry said in a statement. Farmers plan to sow a total of 7.2 million hectares of…
In January-February Murmansk Sea Fishing Port JSC handled 48,500 tons of cargo, up by 30% YoY. The company handled 21,700 tons of fish products (-19.6%). In February, the port’s throughput grew by 19.1%, to 29,900 tons, including 12,500 tons of fish (+5%). Murmansk Sea Fishing Port handled 77 vessels including 74 vessels with fish cargo.…
The Ministry of Finance of Kyrgyzstan and the Eurasian Development Bank signed an agreement on granting an investment loan from the Eurasian Stabilization and Development Fund to finance the project “Commissioning of the second hydroelectric unit of Kambarata HPP-2” for $110 million. In addition to the construction and commissioning of the second hydrounit of the…
The Central Bank of Azerbaijan (CBA) left the discount rate unchanged at 15%. This decision was made at a meeting of the CBA Management Board on March 10. The CBA said the decision was made in connection with the first positive trends observed in the macroeconomy as well as new expectations. Thanks to the measures…
On March 4-10, Ukraine exported 520.9 thousand tons of grains from the seaports, against 611.1 thousand tons in the previous week. In particular, wheat shipments reached 66.6 thousand tons, corn – 439 thousand tons, and barley – 15.3 thousand tons. Company TIS (107.9 thousand tons) and grain terminal Borivage (68 thousand tons) became the leaders…
Tajikistan has raised electricity rates for four of eight categories of electricity consumers. By government’s decree issued on February 24, electricity rates have been raised for federally funded institutions, including public utilities and sports complexes, electric transport, pumping stations for mechanized irrigation and repair-and-production bases of the Agency for Land Reclamation and Irrigation under the…
One of the largest European low-cost airlines – Hungary’s Wizz Air – has announced the launch of four new flights from Kyiv and Lviv airports. The press service of the company reported that from June 18, Wizz would start flying from Lviv airport to the capital of Germany, Berlin (Schoenefeld) and from August the airline…
The Cabinet of Ministers of Ukraine has increased the authorized capital of the PJSC State Export-Import Bank of Ukraine by UAH 4.7 billion. This has been stipulated in a government’s resolution dated March 6, No.123, the government’s official website reports. “To increase the authorized capital of the PJSC State Export-Import Bank of Ukraine by UAH…
Fairfax Financial Holdings Limited has acquired 9.99% shares in Astarta agroindustrial holding or 2.498 million shares from Aluxes Holding Ltd. belonging to one of the founders of Astarta Valeriy Korotkov. According to a report of the holding on the website of the Warsaw Stock Exchange (WSE), the company received the information on March 9. The…
The head of the state Shavkat Mirziyoyev inspected the project of building a poultry complex, organized by Jondor chinor chorva LLC in Jondor district. The intensive technologies of poultry farming are introduced in the Bukhara region, as a result of which the production volumes of eggs and poultry meat are increasing. Today, the number of…
The inaugural shipment of Kazakh wheat for the Vietnamese market arrived at the seaport of Ho Chi Minh City on March 4. This pilot delivery was carried out by KTZ Express, a subsidiary of the national railways company Kazakhstan Temir Zholy (KTZ), and China-Kazakhstan International Logistics Company Lianyungang LLC, the official website of the Prime…
Gross international reserves of Kyrgyzstan are growing for the second month in a row. Such conclusions can be drawn from the statistics presented by the National Bank of Kyrgyzstan. In February international reserves amounted to $1,991.49 billion. In January, the increase in reserves amounted to $13.94 million despite the interventions of the National Bank on…
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’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)
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…
During his trip to Bukhara region the president of Uzbekistan Shavkat Mirziyoyev inspected a number of projects aimed at improving the well-being of the population and creating new jobs. The head of state visited the Uzbek-Chinese joint venture Bukhara Brilliant Silk. The enterprise equipped with modern technology, on the basis of processing cocoons produces dozens…
Ukrainian airlines, according to data from the State Aviation Service, transported 1.235 million passengers in January-February, up by 51.9% YoY. According to a report on the agency’s website, international traffic grew by 55.2%, to 1.106 million people. Passenger flows through the airports of Ukraine increased by 37.4% and amounted to 1.949 million people, in particular…
The Economic Development and Trade Ministry has developed a set of documents aimed at the abolition of some regulations that create legal obstacles for business activities in Ukraine, Deputy Economic Development and Trade Minister Maksym Nefyodov has said at a government meeting on March 10. “We’ve development a large set of documents aimed at the…
Gazprom has postponed commissioning of the Baltic LNG liquefied natural gas (LNG) producing facility to 2022-2023 and may postpone the date further, it said in promo materials for its new bond issue on March 10. “We expect the Baltic LNG to be launched in 2022-2023 and may revise the inauguration date after the project documentation…
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…
State-run PrivatBank (Dnipro) has filed an application seeking to join the primary government domestic loan bond dealer list, PrivatBank Head Oleksandr Shlapak has said. “PrivatBank has not worked on the interbank market for two years. In January we placed funds on the interbank market, we buy and sell government domestic loan bonds. Now we have…
Minsk Tractor Works (MTZ trademark) plans to increase its exports by more than 10% as against 2016. The information is posted on the official website of the Belarusian Industry Ministry. The MTZ dealerships based in the European Union have recently held a conference in Vilnius. The event summed up the results of their work in…
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…
On March 9, the presidium meeting of the Bishkek City Council determined the date of the third session. It will be held on March 16. The provisional agenda includes seven issues, in particular the structure and staffing of the mayor’s office, amendments to the budget of 2016, a report on the work done by Bishkekgorlift.…