Ukrainian companies imported gas for their own needs at an average price of UAH 6,006.66 ($230.01) per 1,000 cubic meters in December 2016, the press service of the Ministry of Economic Development and Trade has said. According to the ministry, the average price of imported gas in January 2016 was $231.41 (UAH 5,542.82), in February…
DetailsAustrian 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…
DetailsA new railway station will be commissioned in Kazakhstan’s city of in Astana in May, Kazakh prime-minister’s website reported. Construction work at the new railway station and railway junction in Astana have been completed by 80% as of today, Kazakhstan Temir Zholy’s (Kazakh railways) said. The capacity of the railway station is envisaged at 35,000…
DetailsUkrainians bought $747.1 million from banks in 2016, up by 9.2% YoY ($684.1 million), the National Bank of Ukraine (NBU) has said on its website. Sale of foreign currency by the public last year grew by 44.6%, from $2.232 billion to $3.227 billion. The NBU said that Ukrainians sold $2.48 billion more in 2016 than…
DetailsRussian Helicopters Holding will supply four Mi-35M attack helicopters to Kazakh Defense Ministry in 2018, the holding reported. The supply contract was signed within the implementation of the Treaty on military-technical cooperation between Russia and Kazakhstan and envisages payments in Russian rubles. The multirole Mi-35M helicopter is a comprehensive modernization of the Mi-24V and has…
DetailsSugar production in Ukraine in 2016/2017 agricultural year (September-August) increased by 40.5% YoY, to 2.008 million tons, the national sugar producers association Ukrtsukor has said. According to the report, 42 sugar refineries refined 13.66 million tons of sugar beets. The association said that the year was favorable for Ukrainian sugar producers. Due to bad harvest…
DetailsOn December 24, 2016 – January 6, Ukraine exported grain at rather record rates, despite the New Year holiday factor. In the reporting period the export volumes of three major grain crops from Ukraine reached 1.5 million tons, including wheat – 491 thousand tons, corn – 968 thousand tons, and barley – 32 thousand tons.…
DetailsIn China Kazakh agricultural products are in great favor, and in short supply, the Chinese Ambassador to Kazakhstan Zhang Hanhui declared. China is interested in the imports of organic agricultural products from Kazakhstan. Kazakhstan foodstuffs – wheat, flour, honey, vegetable oils, meat, etc. – have a very good reputation and in great demand in China,…
DetailsOver the first ten days of 2017 Ukrainian consumers of all categories used 1.609 billion cubic meters of natural gas, down by 12.2% YoY, the press and public relations department at PJSC Ukrtransgaz reports. In particular, Ukrainian consumers used 0.6 billion cubic meters of natural gas of domestic production, 0.4 billion cubic meters of natural…
DetailsThe first five tractors Belarus-320.4 by Bobruisk Plant of Tractor Parts and Units (BZTDiA trademark) have been shipped to Russia’s Sakhalin region within the framework of the Far East Hectare program, the marketing department of the plant reported. The tractors were sent under the state support program. The recipients are five residents of Tymovsky district…
DetailsGas pumping from Ukraine’s underground gas storage facilities this heating season is 3.27 billion cubic meters, down by 19% YoY (4.07 billion cubic meters), the press service of Naftogaz Ukrainy has reported. “Gas pumping from underground gas storage facilities this winter is 19% less than last winter (and 45% less than in 2014/2015 season). This…
DetailsBelarus President Alexander Lukashenko has approved a draft agreement between the government of Belarus and the government of the Hong Kong Special Administrative Region of the People’s Republic of China on the avoidance of double taxation and prevention of income and capital tax evasion as a basis for further talks. Corresponding decree No. 6 dated…
DetailsThe World Bank (WB) has increased its forecast for Kazakhstan’s GDP growth for 2017. According to the WB January 2017 Global Economic Prospects report, real GDP growth in Kazakhstan will amount to 2.2% in 2017. The WB also forecasts Kazakhstan’s GDP growth to recover to 3.7% in 2018 and to 4% in 2019. The forecast…
DetailsReal GDP growth of Uzbekistan will amount to 7.4% in 2017, according to the January 2017 Global Economic Prospects report of the World Bank (WB) published on its website. The WB expects that Uzbekistan will keep economic growth at 7.4% also in 2018 and in 2019 given stabilization of commodity prices. In June last year…
DetailsHolders of eurobonds of the nationalized PrivatBank (Dnipro) seek to challenge the forced exchange of their securities to the additionally issued shares in the London Court of International Arbitration (LCIA). Dechert law firm acts as advisor to the bondholders. The holders of the bonds, including First Geneva Capital Partners, Pala Assets and Pioneer Investment Management,…
DetailsGDP growth rate in Turkmenistan will amount to 6.5% in 2017, according to the January 2017 Global Economic Prospects report of the World Bank (WB) published on its website. Turkmenistan will also increase the economy’s growth by 6.8% in 2018 and by 7% in 2019, according to the WB forecasts. GDP growth rate in Turkmenistan…
DetailsThe National Anti-Corruption Bureau of Ukraine (NABU) is investigating into crimes committed by some banks that removed refinancing loans abroad, NABU Director Artem Sytnyk has said. “We have a criminal case concerning some banks that removed the refinancing funds abroad, including via Austrian banks and eventually to offshore companies”, he said. He did not disclose…
DetailsIn January-December 2016 seaports of Ukraine handled 131.998 million tons of cargo (-8.9%), says press center of Ukrainian Sea Ports Authority. Transshipment of export cargo totaled 100.395 million tons (- 3.3%), imports – 16.013 million tons (- 10.8%), transit – 10.370 million tons (-34.8%), inland traffic – 5.220 million tons (- 23.7%). State stevedores under…
DetailsProduction of milk and cream for baby food increased by 52% YoY during the first 11 months of 2016. The increase was reasoned by the promotion of baby food production and development of the draft law on baby food. This is reported by the press service of the Agrarian Policy and Food Ministry of Ukraine.…
DetailsIndustrial prices in Ukraine in 2016 increased by 35.7%, while in 2015 by 25.4%, in 2014 by 31.7%, the State Statistics Service has said. According to its data, in December last year the increase in industrial prices accelerated to 3.2% from 2.2% in November, mainly due to the higher cost of goods in such industries…
DetailsUzbek government takes steps to expand fruit and vegetable exports and find new markets, as part of its priority objectives. In 2016 the government passed over ten legislative acts to expand fruit and vegetable exports and support exporters. The September 19, 2016 Resolution, which lowered the rate of currency revenue sale rate from 50% to…
DetailsAs technological development necessitated transportation development, Uzbekistan electrified 1700 kilometres of its railway network, putting into operation 500 kilometers in 2016 alone. Following the 2010 Presidential Resolution “On Accelerating Infrastructure, Transport and Communication Construction Development in 2011-2015” Uzbekistan electrified and commissioned the Marakand-Karshi railway section in summer 2015. This led to the launch of an…
DetailsNAC “O’zbekiston havo yo’llari” will receive four more airplanes of the new generation Boeing 787-8 Dreamliner. The new contract with “Boeing” corporation was signed within the framework of modernization and unification of airpark. The press service of the air company informs that the delivery of aircraft is expected in 2019-2020. At the present time, the…
DetailsThe first convoy of trucks from Kyrgyzstan to China goes along Bishkek – Kashkar – Urumqi route, the Ministry of Transport and Roads of Kyrgyzstan reported. The pilot convoy of eight vehicles will reach the capital of China’s Xinjiang Uygur Autonomous Region in four days and will return to Kyrgyzstan. The issue of the opening…
DetailsThe deputies of the Parliament recognized unsatisfactory the work of the government on attraction and protection of investment, enterprise development, production and promotion of products on the foreign market. The decision was taken at a meeting of the parliamentary committee on economic and fiscal policy. Deputies noted that they succeeded in considering the issue only…
DetailsInstead of launching 42 standing idle factories, the Chinese businessmen want to build new in empty industrial zones. This was stated at a meeting of the parliamentary committee on economic and fiscal policy. Deputy Economy Minister Eldar Abakirov said that the Chinese businessmen were interested in 42 idle plants in Kyrgyzstan. In particular, they talked…
DetailsA report on the ongoing work on the transformation of Turkmenistan’s national air carrier Turkmenistan Airlines (Turkmenhowayollary) into a stock company has been presented at the meeting of the country’s Cabinet of Ministers, the Turkmen government said. It was previously reported that a new concept of the country’s aviation activity stood as a basis of…
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