The banking system of Ukraine (solvent banks as of the reporting date) in January-June saw UAH 1.85 billion of net loss, the National Bank of Ukraine (NBU) has reported on its website. The NBU also recalled that in Q1 profit of the banking system was UAH 4.1 billion (taking into account adjusting entries as of…
DetailsPJSC Agrarian Fund starts exporting flour to the countries of South America. The first contract on delivery of 96 tons of straight white wheat flour has been concluded. This is reported by the press service of the PJSC Agrarian Fund. “The Agrarian Fund continues developing the export direction. We are opening new markets, in particular,…
DetailsThe issues of improving the pricing policy in Turkmenistan were discussed at the meeting of the country’s Cabinet of Ministers. Turkmenistan’s Deputy Prime Minister Bashim Khojamammadov said at the meeting that it was envisaged to entrust several structures with the compilation of price digests for the respective types of goods in this sphere. Moreover, an…
DetailsThe price rise for butter in Latvia was affected by multiple factors. As a result, the price of butter grew to EUR 3-4.5 thousand per 1 ton in the second half of 2016. This year, however, the price has already grown to EUR 6.3 thousand per 1 ton, as reported by Latvian Association of Traders.…
DetailsDuring the meeting between Danish ambassador in Latvia Hans Brask and Riga Freeport CEO Ansis Zeltins, the two officials discussed the possibility of creating a new cargo and passenger ferry line between Denmark and Riga, as confirmed by the freeport’s representative Vita Gerharde. She said the ambassador visited Riga Freeport on August 9. The main…
DetailsThe Brest house builder Brestzhilstroi has received an order to build dwelling in Gdansk, Poland, Director General of the company Alexander Romanyuk reported. “We established contacts with one of the Polish firms in autumn 2016. We found mutually beneficial areas and concluded an agreement of intent on long-term cooperation. We later opened a subsidiary in…
DetailsYuzhny seaport (Odessa region), the largest port in Ukraine in terms of transshipment, in January-July increased cargo handling by 6.4% YoY, to 25.29 million tons. According to live data from the Ukrainian Sea Ports Authority, the port in the seven months boosted transshipment of exported cargo by 7.5%, to 19.37 million tons, imported freight by…
DetailsPJSC AvtoKrAZ (Kremenchuk, Poltava region), the only Ukrainian producer of heavy trucks, within the contract after winning the tender has shipped three special lab vehicles LSG-10 on KrAZ-5233NE chassis in standard equipment for well exploration to PJSC Ukrgazvydobuvannia. LSG-10 laboratories are designed for geophysical and hydrodynamic studies with the help of in-depth tools introduced into…
DetailsAs of August 9 average purchase prices for milk grew by UAH 0.02 to UAH 0.09, depending on milk grade, the association of Milk Producers of Ukraine reports. “Purchase prices for Extra Grade milk grew the most. The average price for this grade grew by UAH 0.09, to UAH 8.24 (including VAT). The highest prices…
DetailsTurkmenistan and Azerbaijan, as leading powers in energy production, advocate the transformation of the Caspian Sea basin into a territory of stability, progress and broad international partnership in Eurasia, said Turkmen President Gurbanguly Berdimuhamedov. He made the remark at the government meeting, the agenda of which was dedicated to the results of Berdimuhamedov’s official visit…
DetailsThe grain harvest has started in four regions of the Republic of Kazakhstan, including South Kazakhstan, Zhambyl, Almaty and Kyzylorda regions. According to Kazakhstan’s Ag Ministry, farmers in the above regions harvested 659.1 KMT from 335 thousand ha (59% of the planned 567.6 thousand ha) as of July 31. The average yield is 1.97 MT/ha.…
DetailsIn June Latvian foreign trade turnover amounted to EUR 2.15 billion, which at current prices was 19.2% more than in June 2016, of which the exports and imports values of goods were 12.2% and 25.1% higher, respectively. In June, Latvia exported goods in the amount of EUR 920.3 million, and imported goods in the amount…
DetailsIn January-July the volume of beer production in Ukraine amounted to 108.2 million dal, down by 3.9% YoY, according to a report published by Ukrainian beverage company Ukrpyvo. “An expert estimate of the beer production volume in Ukraine (apart from non-alcoholic beer with an alcohol content of less than 0.5%) for the seven months in…
DetailsUkraine International Airlines (UIA) has carried its 40-millionth passenger since the company was established in 1992. “On August 8 Ukraine International carried its 40-millionth passenger Svitlana Pogrebna who was flying from Kyiv to Amsterdam on the UIA PS105 flight,” reads a report posted on the company’s website. In 2015, UIA carried 4.9 million passengers; in…
DetailsBelarusian agrarians have already cropped more than 3.5 million tons of grain, the Agriculture and Food Ministry reported. As of August 10, Belarus’ grain harvest exceeded 3.5 million tons. Brest region harvested 964,100 tons, Minsk region – 784,200 tons. Gomel region and Grodno region cropped 605,400 and 620,000 tons respectively. The harvest of Mogilev region…
DetailsMoney supply in Ukraine in July grew by 1%, to UAH 1.115 trillion, the National Bank of Ukraine (NBU) has reported. The central bank said that the pace was linked to the increase in off-bank cash by 1.3%, to UAH 311.639 billion, and deposits in the national currency by 0.9%, to UAH 802.786 billion. The…
DetailsUkrainian agrarians harvested 33.4 million tons of grain on 8.8 million hectares (91% of the target) as of August 8, according to the Agrarian Policy and Food Ministry’s press service. Early grain crops have already been harvested in Dnipropetrovsk, Zaporizhia, Kirovohrad, Mykolayiv, and Kherson regions. The average yield of cereals is estimated at 3.79 tons…
DetailsUnemployment in Latvia was 7.2% at the beginning of July and 7.1% at the end. This is the lowest unemployment index in the country since 2009, according to data from the State Employment Agency. Compared with June, the country’s unemployment level has declined by 0.1% over the course of a single month. There were 66,708…
DetailsCargo traffic at the Port of Liepaja in January-July grew by 21.5% YoY, to 3.6 million tons, the Port Authority statistics show. Shipments of coal surged 3.7-fold, to 829,100 tons, handling of wooden pellets increased 2.5-fold, to 157,100 tons, of building materials – by 14.8%, to 341,100 tons, of oil products – by 42%, to…
DetailsMinister of Infrastructure Volodymyr Omelyan said that Ryanair, the Irish-based low-cost air carrier, might not launch its operations in Ukraine in 2017. “If the negotiations are deliberately delayed, while they (Ryanair) distribute the routes for their aircraft for the whole year, we will say that Ryanair will come next year,” Omelyan said. “But they will…
DetailsBelarus is supplying frozen bread to eight counties, head of the main department for bakery products of the Belarusian Agriculture and Food Ministry Vadim Pobedinsky said. “Today we are exporting frozen bakery products to eight countries. Among them is Russia (over 80% of the exports), Israel, Panama, the USA, Tajikistan, and Australia,” Vadim Pobedinsky said.…
DetailsKazakhstan’s aviation safety efforts have been marked with a recognition award on behalf of the ICAO Council President, the press service of the Kazakh Ministry for Investment and Development reported. Kazakhstan has been one of the first ICAO Member States to receive this award in recognition of the significant progress in resolving aviation safety oversight…
DetailsTajikistan switches to electricity supply on prepayment basis. An automated system for monitoring and recording electricity consumption will be launched in Dushanbe in the near future and the electricity will be supplied to the citizens only on prepayment. The government of Tajikistan issued a resolution on the introduction of a billing (automated) system to monitor…
DetailsAzerbaijani banks sold $621.67 million in January-June, down 2.7-fold YoY, according to the report of the Central Bank of Azerbaijan (CBA).
Bank clients purchased 10.35 million pounds sterling, 126.58 million euros and 1.09 billion Russian rubles in cash over the six months of this year. (Trend/Business World Magazine)
Turkmen Foreign Ministry hosted a meeting with the Georgian delegation headed by country’s Deputy Finance Minister Nikoloz Gagua, in Ashgabat. The sides discussed issues of trade and economic relations, as well as possibilities of major strategic projects in this area. “The Turkmen side expressed its commitment to the development of cooperation with the countries of…
DetailsRaiffeisen Bank Aval (Kyiv) has issued a loan in the national currency for UAH 400 million to the International Finance Corporation (IFC). According to the website of Raiffeisen Bank Aval, the loan is granted for eight years. The IFC will use the funds raised to finance the investment projects of Ukrainian companies. “We are working…
DetailsIndustrial prices in Ukraine in July decreased by 0.6%, while in June they fell by 0.6%, in May by 1.3% and increased in April by 1.6% and in March by 3.5%, the State Statistics Service has said. Industrial prices growth in July to July 2016 slowed to 23.3% from 26.3% in June, 27.1% in May,…
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