A loan agreement for $20 million has been signed in Jeddah, Saudi Arabia between the government of Tajikistan, represented by Abdusalom Qurboniyon, Minister of Finance, and the Islamic Development Bank (IsDB), represented by its President Ahmad Mohammed Ali. The amount of this loan is allocated for co-financing the project in the transport sector “Construction of…
DetailsThe first nine-story apartment building has been put in commission in Khorog, the capital of the Gorno Badakhshan Autonomous Region (GBAO). 63 families whose houses have been demolished as part of the municipal redevelopment plan that includes the construction of one 16-story apartment building, two 12-story apartment building and new buildings of the regional drama…
DetailsPredicting changes for housing prices in the next two to three years, 66% of interviewed Latvian residents said prices would likely increase, according to data from DNB Bank’s survey. Every tenth respondent expects housing prices to decline. 18% of respondents are confident that prices will remain the same. The highest proportion of respondents who expect…
DetailsThere were 36 banks in Ukraine as of April 1 that needed boosting their charter capital by July 11, to the required minimum set of UAH 200 million, or $7.55 million, according to the National Bank of Ukraine (NBU). The list of banks with charter capital worth less than UAH 200 million includes Motor-Bank, Zemelny…
DetailsProduction of motor vehicles in Ukraine rose by 91.8% YoY in January-April, to 2,064 units, according to the Ukravtoprom Association. In particular, production of passenger cars grew by 107.5%, to 1,700 units, while the output of commercial vehicles shrank by 38.8%, to 153 units. At the same time, the number of buses produced over the…
DetailsIssues related to economic cooperation between Tajikistan and China were discussed at a meeting of Tajik Deputy Prime Minister Azim Ibrohim with visiting Chairman of the Foreign Affairs Committee of the Chinese People’s Political Consultative Conference (CPPCC) Pan Yunhe. In the course of the talks, Ibrohim noted that Tajikistan supported Chinese leader’s initiative regarding new…
DetailsA three-day meeting of the Regional Working Group including representatives from Tajikistan, Uzbekistan and Kyrgyzstan kicked off in the Tajik northern city of Khujand on May 16. According to the European Delegation to Tajikistan, the regional meeting has the goal to develop the Explanatory Brochure in accordance with the UNECE Standard DDP-15 concerning marketing and…
DetailsPeugeot Citroen and JSC Uzavtosanoat entered into agreement to establish a joint venture – Uzbekistan Peugeot Citroen Automotive. This partnership is aimed at building a production plant in Jizzakh SIZ. The plant will specialize in the production of full industrial cycle of light commercial vehicles under the brands “Peugeot” and “Citroen”, intended for transportation of…
DetailsUkraine has imposed sanctions against state-owned Crimea-based agricultural companies and vineyards in line with decree No. 133 dated May 15 signed by Ukrainian President Petro Poroshenko. According to a supplement to the decree, state companies that have re-registered under Russian law are subject to sanctions, including: Sevastopol Winery, the Crimean Agricultural Institute and its research…
DetailsState-controlled PrivatBank (Kyiv) is calling a meeting of holders of eurobonds worth $175 million with maturity on February 28, 2018 and $200 million with maturity on January 23, 2018 for June 5, UK SPV Credit Finance plc (UK), the issuer of the securities, reported on the London Stock Exchange (LSE). The agenda of the meeting…
DetailsDuring nine months of 2016-2017 MY, Ukraine officially produced nearly 1.527 million tons of wheat flour, against 1.526 million tons in the same period last season, the Adviser to the Chairman at Agrarian Fund PJSC Sergei Sakirkin declared. According to him, Ukraine continues decreasing number of enterprises, which provide balances about grain processing volumes in…
DetailsMore and more companies not only welcome but also motivate banks to develop digital services, as stated in results of Swedbank’s study. Digital services are viewed by businessmen as a major factor. They help businesses organize their work more effectively, as well as save time and ensure much better monitoring of the process. The second…
DetailsCEO of Ukraine’s state-owned railways operator Ukrzaliznytsia Wojciech Balczun has announced his company will repair railway tracks in another country for the first time in its history. “Our railwaymen with their equipment have been invited to Poland to perform a cycle of operations at the Medyka station. To this end, Ukrzaliznytsia’s branch – the Center…
DetailsChina is going to open its market to Belarusian beef, Alexei Bogdanov, Head of the Central Office for Foreign Economic Activities of the Belarusian Agriculture and Food Ministry, declared. Belarusian Agriculture and Food Minister Leonid Zayats met with Zhi Shuping, Minister of the General Administration of Quality Supervision, Inspection and Quarantine of the People’s Republic…
DetailsIn January-April “Seaport” customs point has transferred KZT 2.323 billion to the national budget as payments and taxes. In fact, treasury reimbursement is one of the main functions of the customs service. In this respect, “Seaport” as the customs point of Mangystau Region Department of State Revenues has outstripped the target. “Customs payments and tax…
DetailsUkraine’s State Service for Food Safety and Consumer Rights Protection in the past several days received confirmation of an African swine fever (ASF) outbreak recorded in Poltava and Cherkasy regions. According to a posting on the website of the authority, pigs died at public joint-stock company Kaplyntsivske (Poltava region) and private enterprise Shulz (Chekasy region)…
DetailsUkrainian banks’ debts to the National Bank of Ukraine (NBU) related to refinancing loans reduced by 3.9% in April, to UAH 66.622 billion, or $2.52 billion. Refinancing-related debts owed by banks to the regulator shrank by 10.9%, or by UAH 8.157 billion ($308 million) in January through April, the NBU reported on its website. The…
DetailsChina is a promising market for Belarusian ice cream. Prime Minister of Belarus Andrei Kobyakov made the statement as he was made familiar with the progress of SOOO Morozproduct’s retooling campaign in Pukhovichi district, Minsk region on May 12. According to the Belarusian head of government, Morozproduct is a successfully operating enterprise that has been…
DetailsCompared to the corresponding period of 2016, construction output in Latvia increased by 8.4% in Q1 2017. Construction production output at current prices amounted to 222 million euros. Construction output growth was recorded in all types of construction: 18.9% in construction of residential buildings, 7.2% in construction of non-residential buildings and 4.1% in construction of…
DetailsAs of May 1 broad money supply in Belarus totaled Br33.843 billion, up by 2.1% MoM. Broad money supply includes cash in circulation and account deposits of individuals and legal entities, the official website of the National Bank of the Republic of Belarus declared. In April cash in circulation (monetary aggregate M0) increased by 7.2%,…
DetailsTajikistan’s gold reserves reportedly increased by 2.3 tons in six months to May 1, reaching 14.6 tons. Tajikistan has climbed three places in World Gold Council rankings to become the 64th among top 100 countries with the largest gold reserves. According to April rankings of the World Gold Council, Tajikistan’s gold reserves reached 14.6 tons,…
DetailsPlanes of Tajik air carriers tend to land at airports of neighboring countries for refueling. Passengers are indignant and refuse to travel on domestic airlines’ flights. Tajik Air and Somon Air bear losses but they can do nothing. In recent year, aviation fuel at Tajik airports has become the most expensive in the region. Tajikistan…
DetailsPrivatBank (Dnipro) has proposed repaying UAH 13.8 billion debt on refinancing to the National Bank of Ukraine (NBU), which will free ex-co-owner of the financial institution Ihor Kolomoisky from personal guarantees, NBU Head Valeriya Gontareva has said. “The bank wants to repay this refinancing to us, but then they will rid Kolomoisky of all the…
DetailsTwo individuals, Ukrainian citizens, in April submitted packages of documents to the National Bank of Ukraine (NBU) to obtain its approval for the acquisition of a direct stake in the public joint-stock company Prominvestbank (Kyiv), the press service of the central bank has reported. “Now the documents have been registered and are under consideration. After…
DetailsIn April the index of consumer prices for goods and services totaled 100.7% as against March and 102.4% as against December 2016, the National Statistics Committee of Belarus reported. In April the basic index of consumer prices that disregarded changes of prices for the commodities and services affected by administrative and seasonal factors reached 100.1%…
DetailsCompared to April 2016, the average level of consumer prices increased by 3.4% in April 2017. Prices of goods grew by 3.2% and prices of services by 4%. Compared to April 2016, the greatest pressure on the price changes was put by the rise in prices of food and non-alcoholic beverages, goods and services related…
DetailsIn spite of Latvia’s rapid economic growth, the country’s budget deficit is expected to rise considerably – from 0.8% of GDP this year to 1.8% of GDP next year, said Vice-President of the European Commission Valdis Dombrovskis in Brussels in relation to the spring economic forecast. He says that in accordance with EC’s spring forecast,…
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