GDP growth rate in Turkmenistan was maintained at 6.2% in 2016, the country’s Ministry of Economy and Development said. The growth rate has increased by 1.2% in the industrial sector, by 4.4% in construction, by 10.5% in transportation and communication sector, by 14.3% in trade, by 11.6% in agriculture and by 10% in the sphere…Details
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Ukraine: Naftogaz signs contract with Covington & Burling to accompany Crimea loss lawsuit against Russia
National joint-stock company Naftogaz Ukrainy on January 11, signed a contract valued at $6.31 million with Covington & Burling LLP (New York, the United States). The company will represent the interest of the Ukrainian company in arbitration against Russia under a claim to refund losses over the annexation of Crimea by Russia. Naftogaz said in…Details
Kazakhstan’s trade turnover with the Eurasian Economic Union (EAEU) amounted to $11.95 billion in January-November 2016, down by 21.1% YoY, Kazakh Statistics Committee said. Kazakhstan’s exports to fellow EAEU countries decreased by 26.8% to $3.48 billion in this period, while imports were down by 18.5% hitting $8.47 billion, said the committee. A lion’s share –…Details
Grain harvest in Ukraine 2016 has broken a record being 66 million tons (in standard weight), up by 5.9 million tons YoY. Ukraine’s Agricultural Policy and Food Ministry reported that in 2016 grain yield records were hit: wheat – 42.1 hundredweights per ha, rye – 27.3 hundredweights per ha, corn – 66 hundredweights per ha…Details
PC Bank (People’s Capital Bank, Kyiv) with largest shareholders as of early December 2016 Russian citizen Valery Makarenko (14.24%), Svitlana Ostapenko (9.84%), Ruslan Parkhomenko (9.68%), Oleksiy Yaroshenko (9.07%), Oleksandr Voroniak (8.6%) and Oleh Lutsky (8.07%) could be liquidated under an initiative of its owners. The issue was put on the agenda of an extraordinary general…Details
Production of all groats in Ukraine increased by 0.4% YoY to 298.8 KMT in the eleven months of 2016. The most considerable hikes in groats output were registered in Kirovohrad region – by 48% to 7.1 KMT, Kherson region – by 34% to 18.1 KMT, Odessa region – by 27% to 34.9 KMT, Khmelnytsky region…Details
In January-December 2016 Ukrainian seaport of Illichivsk handled 15,942,000 tons of cargo (down by 7.9% YoY), says the port authority. Private port operators handled 9.363 million tons of cargo (58.7% of total turnover) including 6.127 million tons of cargo handled at the terminals of Ukrainian Sea Ports Authority (38.4% of total volume). Transshipment of export…Details