Azerbaijan: AtaBank increasing capital

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…

Kyrgyzstan: GDP growing in January-February 2017

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…

Belarus to work with Uralkali if interests respected

Minsk is ready to cooperate with Russian potash fertilizer producer Uralkali if the company respects interests of Belarus to the degree of “200%”. While hearing a report on operation of Belarusian Potash Company, or Belaruskali, the Belarus president Alexander Lukashenko said that representatives of Russia had repeatedly asked him to restore cooperation between Uralkali and…

Kazakhstan: EIA ups oil output forecast

The US Energy Information Administration (EIA) in its March short-term energy outlook has raised the forecast for the 2017 and 2018 oil output in Kazakhstan. The forecast for 2017 was increased to 1.88 million barrels per day as compared to 1.86 million in the previous report published in February. The forecast for 2018 rose to…

Ukraine: French investors begin to work actively

The bilateral economic turnover between Ukraine and France has increased by 36%, Ukrainian Foreign Minister Pavlo Klimkin said at a joint briefing with French Foreign Minister Jean-Marc Ayrault. “If we look at our bilateral economic turnover, we will see that it has increased by 36%. And this means that our businessmen are working together, and…

Turkmenistan: Altcom Group to strengthen positions

Head of Ukraine’s Altcom Financial-Industrial Group Alexander Tislenko, during his meeting with Turkmen President Gurbanguly Berdimuhamedov, spoke about the interest of his company to further strengthen positions on prospective Turkmen market. The company intends to actively participate in planned large-scale projects and programs, which are of great importance for strengthening and increasing the potential of…

Uzbekistan: Japan allocates over $500,000 for social projects

Japan has allocated grants worth $551,100 to Uzbekistan for the implementation of eight social projects, the Japanese embassy said. The grants are allocated through the Japanese governmental program “Official Development Assistance” (ODA), the embassy said. Uzbek Deputy Minister of Healthcare Elmira Basitkhanova, the country’s First Deputy Minister of Public Education Bakhtiyor Daniyarov and Japanese Ambassador…

Ukraine: FUIB in the top-10 most transparent companies

First Ukrainian International Bank (FUIB) is in the top-10 most transparent companies of Ukraine according to the study “Transparency of Corporate Accounting” is carried out annually by the organization Transparency International Ukraine. The study was carried out among 100 largest state and private companies of Ukraine by the analyst of the Transparency International Ukraine Dmytro…