Ukraine: Belarus purchases 95% of potato

In January-June Ukraine exported 8,400 tons of potatoes worth $300,000, 95% of which was purchased by Belarus, the Ukrainian Agrarian Conference reported with a reference to the State Fiscal Service of Ukraine. “Belarus purchased 95% of Ukrainian potatoes indented for export, Moldova – another 2.6%,” reads a report. In January-June Ukraine exported 68% more potatoes…


Georgia ready to expand partnership with Turkmenistan

President of Georgia Giorgi Margvelashvili sent a letter to his Turkmen counterpart Gurbanguly Berdimuhamedov on the occasion of the 25th anniversary of establishing diplomatic relations between the two countries, the Turkmen government said in a message. In his letter, Margvelashvili expressed readiness to deepen and expand mutually beneficial partnership with Turkmenistan. The Georgian president pointed…


Azerbaijan: Aliyev approves funding for Zire-Turkan highway’s construction

Azerbaijan’s President Ilham Aliyev has signed an order to provide funding for the construction of Zire-Turkan highway.

Under the presidential order, 3 million manats is allocated from the Presidential Contingency Fund for the construction of the highway, which connects two residential areas with the total population of 24,000 people. (Trend/Business World Magazine)

Ukraine: gas reserves up in mid-July 2017

Natural gas reserves in Ukrainian underground storage facilities (USFs) on July 15-22 increased by 2.9%, orby 355 million cubic meters, from 12.320 billion cubic meters to 12.675 billion cubic meters, according to the state-run gas transport system operator, Ukrtransgaz. The daily volume of gas injection into the USFs stood at about 58.7 million cubic meters,…


Turkmenistan interested in foreign investors for its gas and chemical industry

Energy-rich Turkmenistan invites foreign investors to participate in the development of the gas and chemical industry. The country plans to build several large gas chemical complexes, a source in the fuel and energy complex of the country said. These large complexes will focus on the production of polyethylene, polypropylene, polyvinyl chloride, monoethylene glycol, dimethyl ether…


Ukraine: Economy Ministry promulgates list of state enterprises to be privatized

The Ukrainian Ministry of Economic Development and Trade has published a list of state enterprises, organizations and institutions that will either remain in state ownership or will be transferred to concession, privatized or liquidated. The Cabinet of Ministers approved the relevant documents that together represented a strategic vision for the further management of state-owned enterprises,…


Latvia: Norvik Banka and Rietumu Banka fined

Finance and Capital Market Commission in cooperation with Federal Bureau of Investigation’s Counterproliferation Center found out in a target inspection that Latvian banks – Norvik Banka and Rietumu Banka – had not followed requirements of regulations for the prevention of money laundering and terrorism funding. Violations are associated with client evaluation, which includes transaction monitoring…


Ukraine: Finance Ministry and PrivatBank sign memorandum of cooperation

The Finance Ministry of Ukraine and PrivatBank signed a memorandum of cooperation, which would allow using unique achievements and technologies of the bank in the IT industry to create a unified system for verifying budgetary payments in Ukraine, the PrivatBank press service reports. According to Finance Minister Oleksandr Danyliuk, the national budget annually loses billions…