The process of consolidation of two Azerbaijani banks – AtaBank and Caspian Development Bank – has been completed, Chairman of AtaBank’s Management Board Dayanat Guliyev said on June 1. Guliyev noted that as a result of the consolidation, sufficient financial reserves were formed and the bank’s capital position had been strengthened. According to him, as…Details
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The First Ukrainian International Bank (FUIB) holds the leading positions in the annual rating of “50 leading banks of Ukraine”, which is compiled by the online media Financial Club. According to the results of 2016, FUIB improved its positions in the general rating of banks by three points and took the 6th place. Several FUIB…Details
Both domestic and export prices of Ukrainian grains followed downward trends last week. Export prices for Ukrainian milling wheat closed the week down on average by $1-2/MT FOB. Its prices were pressured both by the upcoming new crop and a trade slowdown in the season’s end. Ukraine has already almost fully realized its wheat export…Details
The repair of the hydropower plants in Kyrgyzstan is dragged on due to the disagreements among the tender participants. Electric Stations OJSC reported. The company said that a tender for a total cost of 43.5 million soms was announced for the repair of equipment at Toktogul, Shamaldysay, Uch-Kurgan, At-Bashi HPPs. Applications were submitted by three…Details
In January-March the exports of goods and services from Ukraine totaled $12.4 billion, up by 28% YoY, or by $2.7 billion, the Ministry of Economic Development and Trade of Ukraine reported. In particular, in the reporting period the exports of goods increased by 34.4%, or by $2.7 billion, and totaled $10.4 billion. Agricultural products and…Details
Kazakh President Nursultan Nazarbayev visited the new Nurly Zhol railway station and familiarized with its modern infrastructure. The head of the national railway company Kazakhstan Temir Zholy Kanat Alpysbaev told the president about the implementation of the program for the development of high-speed passenger traffic and the development of the new railway junction in Astana.…Details
An International Monetary Fund (IMF) mission, led by Paul Ross, visited Dushanbe on May 17-30 to conduct the 2017 Article IV consultation discussions. The team reportedly welcomed the authorities’ intention to resume discussions on a possible IMF program, and discussed steps that would demonstrate reform progress and pave the way to resume program negotiations. At…Details