In September Kyrgyzstan’s gross international reserves grew by almost $40 million, the National Bank reported. According to the results of September, the volume of reserves amounted to $2,131.21 billion soms. This is $39.56 million more than in August. Since the beginning of the year, reserves have increased by $162.08 million. The National Bank uses international…
Industrial prices in Ukraine in September grew by 1.6% after an increase of 0.4% in August and 1.8% in July, the State Statistics Service of Ukraine said. However, growth of industrial prices in September 2017 from September 2016 slowed to 22.4% against 23.6% in August 2017 from August 2016. January through September Ukrainian producers’ prices…
According to market participants, 1158 KMT of barley was exported from Ukraine in August, or slightly less than a year ago (1192 KMT was shipped abroad in August 2016). Barley exports from the country totaled 1973 KMT in the first two months of the 2017-2018 season, or 10.5% less than a year ago (2204 KMT…
Terve Pere Apteek OU, which operates a chain of pharmacies under the Apotheka brand, has been ordered by the State Agency of Medicines to stop dispensing medicine at its pharmacy location on the premises of North Estonia Medical Center (PERH) in Tallinn. The State Agency of Medicines has forbidden the pharmacy situated in Estonia’s largest…
Iranian investors are keen to launch a meat-processing project in eastern Kazakhstan. Akim (governor) of the region Danial Akhmetov met with top management of the Kazakh-Iranian company Agro Portal LLP in order to discuss all aspects of the new project and its launch in the nearest future. The new meat-processing enterprise will be built on…
The charges for public utilities, namely, natural gas, electricity and water, will be introduced in Turkmenistan. Speaking at a meeting of the Council of Elders of Turkmenistan on October 9, the president Gurbanguly Berdimuhamedov stressed that after the country gained independence, the population consumed natural gas, drinking water, electricity and salt free of charge. The…
The Central Bank of Azerbaijan (CBA) raised 100 million manatsat a deposit auction, the CBA said on October 9. The CBA was ready to receive 456.3 million manats from banks, and therefore, the demand exceeded supply almost 4.6-fold. The weighted average interest rate on deposit transactions at the auction was 10.01%. The CBA started holding…
Belarus’ GDP will increase by 1.7% in 2017, Belarus’ Deputy Prime Minister Vladimir Semashko said. “I think that the GDP goal will be reached this year and we will close 2017 with an increase of 1.7%,” the vice premier said. In his words, the GDP growth made up 1.5% in January-August. Industrial production went up…
More than 266,000 passengers used the services of Lennart Meri Tallinn Airport in September, up by 24% YoY. The number of passengers served by the airport during the first nine months of the year was greater by more than 300,000, or by 18%, than during the same period last year. Tallinn Airport crossed the 2…
Last week Ukraine faced an upward trend in export prices for oybean oil, due to rather high demand for the product from European buyers in terms of a small number of its offers. As of the end of day on October 6, bid prices for crude soybean oil increased by nearly $5-10/tons compared with the…
In the first month of the current marketing year, Ukrainian producers exported 16,940 tons of sugar, the press service of the Ukrtsukor national association of sugar producers reported. “The largest deliveries were made to Azerbaijan – 38%, Sudan – 16%, Tajikistan – 13%, Turkey – 8% and Sri Lanka – 7%,” the statement said. According…
The Ministry of Finance and Economy has been established in Turkmenistan. The corresponding decree was signed by the country’s President Gurbanguly Berdimuhamedov at an expanded government meeting devoted to the results of January-September. The new ministry merged the Turkmen Ministry of Finance and the Ministry of Economy and Development, and became their successor. Under the…
Turkmenistan’s President Gurbanguly Berdimuhamedov expressed dissatisfaction at a meeting of the government, pointing to low rates of cargo transportation by the State Service of Maritime and River Transportation. Berdimuhamedov noted that Turkmenistan’s transport system had considerable reserves of production capacity, allowing it to ensure increasing volumes of transportation of goods and passengers, including those traveling…
According to the information released by Statistics Estonia, the consumer price index in September decreased by 0.1% compared to the previous month and increased by 3.7% YoY. Compared to September 2016, goods were 3.7% and services 3.5% more expensive. Regulated prices of goods and services have risen by 7.4% and non-regulated prices by 2.7% compared…
According to the preliminary data, Belarus’ gold and foreign currency reserves totaled $7,266 million as of October 1, if calculated in accordance with methods of the International Monetary Fund, the Information and PR Department of the National Bank of the Republic of Belarus reported. In September the country’s gold and foreign currency reserves went up…
Azerbaijan’s banks will get bigger in 2018, through the ongoing consolidation as well, Anar Hasanov, first deputy chairman of Azerbaijani AccessBank’s Management Board, said. “I believe that new bank merger cases will occur on the market in 2018,” he declared. “The banking sector is moving in this direction and local banks will be enlarged. It…
While Estonia’s modern eastern border with Russia was initially planned to be completed by 2018 or 2019 at the latest, currently even test sections of the border have not yet been finished. Last November, then-Minister of the Interior Hanno Pevkur (Reform) said that the Estonian government had set the ambitious goal of building the new…
In January-September seaports of Ukraine handled 98 million tons of cargo, up by 1.3% YoY, says press center of Ukrainian Sea Ports Authority. Transshipment of export cargo totaled 74.4 million tons (+2.3%), including 29 million tons of grain (+11.2%), 15.5 million tons of ore (-10.4%), 10.1 million tons of mining and metal products (-19.1%) and…
According to preliminary statistics figures, during the first 3 months of 2017-2018 MY (July-September) Ukraine exported 117.5 thousand tons of wheat flour, up by 24% YoY.
In particular, in September the exports totaled 44.9 thousand tons, which broke a monthly record for the product shipments from the country in 10 recent years. (APK-Inform/Business World Magazine)
Due to increased demand, TS Laevad, the Port of Tallinn subsidiary which operates ferry routes connecting Saaremaa and Hiiumaa to the Estonian mainland, will operate its Virtsu-Kuivastu route with three large ferries on October 15, bringing in the Tiiu to increase capacity on the route that day. On October 15, the Tiiu will serve the…
The total volume of state aid handed out in Estonia in 2016 fell by 8%, to EUR 199.6 million, with the share of the total volume of state aid in GDP decreasing by 0.12%, to 0.95%. A total of EUR 150.9 million in the form of support, or 75.6% of the total volume of state…
Tajikistan called upon the participants of CASA-1000 to speed up the project’s practical implementation. The United Arab Emirates hosted a meeting of the Intergovernmental Council of the CASA-1000 project with the participation of the energy ministers of Afghanistan, Kyrgyzstan, Pakistan and Tajikistan. The representatives of the World Bank, the European Bank for Development and Reconstruction,…
The President Almazbek Atambayev took the issue of building schools in Bishkek under his personal control. He stated this at a meeting with the activists and the public of the capital, the Information Policy Department of the Presidential Administration of the Kyrgyz Republic reported. According to it, Almazbek Atambayev noted that the time when the…
Azerbaijani banking sector stabilized after creditors restructured $3.3 billion in foreign obligations of the state-owned International Bank of Azerbaijan (IBA) in return for government bonds, said Nariman Mannapbekov, head of ADB Azerbaijan office. “Some capitalized banks are making initial efforts to gradually build-up their loan portfolios,” Mannapbekov said. On July 15, 2015, President of Azerbaijan…
Six banks violate the requirements for capitalization to UAH 200 million, Deputy Chairman of the National Bank of Ukraine (NBU) Yekateryna Rozhkova has said. “We diagnosed 37 small banks. After diagnostics, two banks were declared insolvent, two ceased operations and the remaining 33 did not require capitalization based on the quality of assets. But if…
Ukraine’s thermal power plants (TPP) and combined heat and power plants (CHPP) in January-August received 2.187 million tons of imported coal. The Ministry of Energy and Coal Industry reported that in the eight months through August power plants received 1.774 million tons of coal from the Russian Federation (81.11% of total imported coal shipped), 294,100…
The opening ceremony of the Tbilisi Sea Plaza shopping mall was held in Tbilisi, Georgia, the Turkmen Foreign Ministry said in a message. According to the message, “Turkmenistan” store with a wide range of textile products, carpets and rugs, souvenirs, was opened in the shopping mall. Georgian Prime Minister Giorgi Kvirikashvili attended the opening ceremony.…