Ukrainian Prime Minister Volodymyr Groysman stated that 2016 was the year of economic recovery, and industry, construction sector, and agriculture showed the best growth rates. “I would like to emphasize that 2016 marked the resumption of growth of Ukrainian economy. We observed progress in all the economy sectors,” Groysman said. He noted that industry, construction…Details
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Ukraine has not been purchasing gas from the Russian Federation for 440 days already, Ukrainian Prime Minister Volodymyr Groysman said at a Cabinet’s meeting. “We have been living without Russian gas for 440 days already. This is a matter of our energy independence,” Groysman said. (Ukrinform/Business World Magazine)Details
Aivar Baikenov, the Head of Asset Management Divisionof Kazkom Securities commented on the situation with the exchange rate of Kazakhstani tenge. “Tenge strengthening, in our opinion, is only temporary. It was caused by two factors. The first is a favorable and stable situation on the oil market, where we see, in fact, minimal fluctuations in…Details
Last month Tajikistan’s inflation stood at 0.6%, down by 0.8% YoY, according to the National Bank of Tajikistan. The government reportedly expects the year-end inflation for this year to stand at 7%. The year-end inflation for 2016 stood at 6.1%, down by 0.9% from the forecast. Tajik central bank notes that an average monthly inflation…Details
In January, despite the interventions of the National Bank, international reserves of Kyrgyzstan increased by 14 million soms. The data was presented by the National Bank of Kyrgyzstan. At the end of January the volume of reserves formed in the amount of $1,983.07 billion. At the same time, the National Bank held two interventions. It…Details
Loans to farmers in Kyrgyzstan in 2017 will amount to 7 billion soms, the Minister of Agriculture, Food and Land Reclamation Nurbek Murashev said. According to him, the processors will have the minimum interest rate. They will be issued loans at 6% per annum. “Loans for the development of animal husbandry and agriculture will be…Details
Solvent banks in the fourth quarter of 2016 reduced the debt to the National Bank of Ukraine (NBU) on refinancing loans by UAH 5.058 billion, or by 18%, to UAH 22.995 billion, according to the regulator’s website. According to the NBU, the loan principal on January 1, 2017 amounted to UAH 22.57 billion. “Most of…Details