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…
DetailsState 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…
DetailsKyrgyz 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,…
DetailsKyrgyzstan 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.…
DetailsPrivatBank (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…
DetailsThe 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…
DetailsPJSC 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,…
DetailsIn 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…
DetailsList 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…
DetailsUzbekistan 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…
DetailsThe Republican Commission has made a decision to approve of ceiling fixed contract, wholesale and retail prices, as well as the volume of deliveries of imported drugs and medical products. The decision has been taken in accordance with the decree of the President of the Republic of Uzbekistan dated October 31, 2016 “On measures for…
DetailsTurkmen President Gurbanguly Berdimuhamedov during his inauguration ceremony held in Rukhiyet Palace in Ashgabat on February 17, named the support and development of entrepreneurship and market relations in different sectors of the country’s economy as one of the main objectives. A presidential election was held on February 12, in Turkmenistan. Gurbanguly Berdimuhamedov, who has been…
DetailsIn the current MY wheat production in Kazakhstan will reach 17 million tons, the International Grains Council (IGC) reported. In particular, the beginning stocks of wheat in the country are estimated at 2.5 million tons, up by 0.1 million tons YoY. The total supply will reach 19.6 million tons, as opposed to 15.1 million tons…
DetailsUkraine has significantly increased the share of the nuclear energy in the overall energy balance of the country, president of Ukraine Petro Poroshenko stated at a meeting of the National Security and Defense Council (NSDC). “I am pleased to inform that we have increased the share of nuclear energy in the overall energy balance. From…
DetailsThe Ministry of foreign economic relations, investments and trade held a meeting with representatives of the delegation of the Korean Federation of textile industries (KOFOTI) and the Korean Institute of Industrial Technology (KITECH). During the meeting, detailed information about the benefits and preferences created for foreign investors, particularly in the textile sector, as well as…
DetailsCompared with 2015, the number of complaints about the public procurement process in Kyrgyzstan increased by 40%, the MP Ulan Primov said. According to him, the Accounting Chamber reveals most of the shortcomings in the regional departments of capital construction. MP is sure that the growth in complaints of public procurement suggests an increase in…
DetailsWith external pressures subsiding, economic indicators of Kyrgyzstan have improved, but the recovery remains modest. The head of the International Monetary Fund mission Edward Gemayel said, following his visit to the Kyrgyz Republic. IMF mission visited Bishkek on February 9-15. The specialists took stock of the latest economic developments and discussed progress on economic reforms.…
DetailsS&P Global Ratings affirmed its ‘B-/C’ long- and short-term counterparty credit ratings on Capital Bank Kazakhstan JSC (CBK). The outlook is negative. At the same time, S&P affirmed ‘kzB+’ Kazakh national scale rating on the bank. “The affirmation follows an improvement in CBK’s liquidity metrics in the first half of February,” S&P said. “The bank’s…
DetailsUkrainian power grid will be able to stably operate without any blackouts until March 15-20, Ukrenergo Head Vsevolod Kovalchuk has said. “We can guarantee that with the current temperatures and current operations no one would feel the results of introducing the state of emergency until March 15 or March 20,” he said on Facebook page…
DetailsThe National Bank of Ukraine (NBU) in 2017 expects that the banking sector would see profit, not taking into account PrivatBank, the NBU has reported on its website. The key factors that influence this in 2017 will be the reduction of sending to reserves and active growth of interest income thanks to the increase in…
DetailsThe National Bank of Ukraine (NBU) has introduced some new requirements for payment systems oversight, their participants and operators, the central bank has said on its website. The new requirements are outlined in NBU Board resolution No. 11 signed on February 13, approving of amendments to some NBU acts. The document came into effect on…
DetailsUkrainian exporters supplied 42.5 KMT of flour to foreign markets in December 2016, up by 43.5% YoY. Overall, this is the largest monthly volume of flour shipments from Ukraine. Ukraine exported 9.6% more flour in H1 2016/2017 than at the same time in MY 2015/2016 (197.6 KMT and 180.3 KMT respectively). As before, the largest…
Details“Security is not cheap. Otherwise the price is the entire country,” Latvian Defense Minister Raimonds Bergmanis said. On February 15, as part of a meeting of NATO defense ministers in Brussels, Bergmanis took part in a meeting of the North Atlantic Council. The meeting discussed the realization of decision made at the NATO Summit in…
DetailsThe trade turnover between Ukraine and the Czech Republic increased by 18.6% in January-November 2016. This was discussed by the Vice Prime Minister for European and Euro-Atlantic Integration Ivanna Klympush-Tsyntsadze and Agriculture Minister of the Czech Republic Marian Jurecka. The parties discussed cooperation between the two countries in the field of agriculture and welcomed the…
DetailsThe Ukrainian Agrarian Policy and Food Ministry is planning to promote an increase in soybean production output by expanding the sowing areas of soybeans, Agrarian Policy and Food Minister Taras Kutovyi has stated. “In fact, soybean production has increased 20 times over 10 years, and last year we harvested the record yield of soybeans, which…
DetailsThe number of transactions using payment cards in 2016 increased by 28% YoY, to 2.513 billion, and their volume – by 30.6%, to UAH 1.61 trillion. According to the website of the National Bank of Ukraine (NBU), the volume of transactions to obtain cash using payment cards rose by 22.5% and amounted to UAH 1.039…
DetailsBelarus has shipped the first batch of dairy products to Syria, Aleksei Bogdanov, the head of the main department for foreign economic affairs at the Agriculture and Food Ministry, said. Ten containers with powdered milk and butter were shipped to Syria in January. “As for Syria, this country has a huge interest in the delivery,…
DetailsAir Astana, the principal airline and the flag carrier of the Republic of Kazakhstan, has announced it will increase weekly frequency from Astana to London. Starting in June the carrier will perform flights on Sundays in addition to existing operations on Mondays, Tuesdays, Thursdays and Saturdays. Flights will be operated on Boeing 757’s. Flight time…
DetailsThe Russian delegation headed by Deputy Chairman of Russian Government Dmitry Kozak attended the eighteenth meeting of the intergovernmental commission on economic cooperation between the two countries in Tashkent. During the meeting the parties exchanged information and discussed issues of implementation of Protocol decisions of the seventeenth IGC meeting, which took place on March 25,…
DetailsA small hydropower plant was launched in Tegirmentin village of Kemin district, Chui region. The HPP with power capacity of 3.1 MW was built in 11 months by “Tegirmentinskaya HPP” company. Its construction cost 215 million soms. As the owner of the company Rakhat Irsaliev reported, they invested 71 million soms and took 144 million…
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