The Kazakh capital hosted the Finnish Energy Forum. According to Director of the Finnish Business Hub Mukhtar Mankeyev, the Finnish model implies efficient energy use in which the country is the world’s leader. He noted that in order to enter the world’s top 30 developed countries, Kazakhstan intended to use Finland’s experience, adding that in…Details
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Central Bank of Uzbekistan will introduce new 50,000 soum banknotes into circulation starting on August 22, says a message on the bank’s website. “Along with the banknotes and coins now in circulation, the issued 50,000 soum banknotes must be accepted at nominal value, in cash payments by all economic entities and population without any restrictions,”…Details
Construction of a new international seaport is underway in the Caspian city of Turkmenbashi. The project aimed at the development of port infrastructure envisages construction of car and passenger terminals, as well as container, loading, polypropylene terminals and other facilities developed in accordance with the environmental safety requirements of GreenPort international standard. Once the seaport…Details
Italian food giant Ferrero SpA has held talks with the government of Azerbaijan, which may lead to the company’s support of the hazelnut cultivation in the country. The issue was mulled by Azerbaijani Minister of Agriculture Heydar Asadov and Ferrero officials. Azerbaijan is attempting to increase hazelnut production through a package of incentives that include…Details
The deficit of Ukraine’s foreign trade in goods in January-June increased almost 2.6-fold YoY, to $1.882 billion (in the first half of 2016 some $727.5 million), the State Statistics Service said. According to its data, in June the deficit was $551.6 million, while in May $442.2 million, in April $151.4 million. In January-June exports of…Details
IMC agricultural holding has harvested 78,100 tons of winter wheat from 13,700 hectares. According to a holding press release, the yield of this crop was 5.7 ton per ha (in bunker weight), up by 19% YoY, and is the record for all 11 seasons of growing winter wheat by IMC. “Despite difficult weather conditions, both…Details
Assets of solvent banks in Ukraine, excluding the insolvent financial institutions, in January-June fell by UAH 18.375 billion ($715 million), or by 1.5% YoY, as of July 1, 2017, to UAH 1.238 trillion, or $48.2 billion, according to the National Bank of Ukraine. The assets decreased by UAH 11.655 billion ($453.5 million), or by 0.9%…Details