Turkmenistan: GDP up in 2016

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…

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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…

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Ukraine: owners of PC Bank seek to liquidate it

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…

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Ukraine: Engie starts gas supplies

French-based Engie (formerly GDF Suez SA) from January 1, started natural gas imports to Ukraine, supplying 3.9 million cubic meters to the Ukrainian gas transportation system (GTS) in the first days of the month, the public relations department of PJSC Ukrtransgaz has said. “According to the report of Engie, the daily volume of gas supplies…

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Azerbaijan: AZAL stops Baku-Ganja flights

Azerbaijan Airlines (AZAL) stopped its flights on the Baku-Ganja route on January 9, the company’s press reported.

The press service said it was economically inefficient to carry out these flights.

The Baku-Ganja flights were carried out daily using Embraer aircraft. Ticket prices started from 30 manats. (Trend/Business World Magazine)

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Ukraine: new ASF cases recorded

Ukraine’s State Service for Food Safety and Consumer Rights Protection in the past several days received confirmation of African swine fever (ASF) diagnosed during the examination of the selected samples of biological material of pigs that died in Mykolaiv, Luhansk, Kirovohrad and Odessa regions. The press service reported that 56 pigs died in Chapayev LLC…

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Uzbekistan: Eriell GmbH buys 51% of Uzbekneftegaz’s subsidiary’s shares

Austrian Eriell GmbH has acquired controlling stake of Sarbon-Neftegaz JSC, the transportation division of Uzbekneftegaz National Holding Company, Tashkent Republican Stock Exchange said in a message. The Austrian company acquired 561,930 shares at $6.04 per share. A package of shares was purchased at $3.394 million from Uzgeoburneftegaz – subsidiary of the holding, Uzbekneftegaz said. Sarbon-Neftegaz…

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