Artemsil State Enterprise has recorded a growing demand for salt products among European consumers and announced the resumption of salt deliveries to Hungary and Slovakia. “The enterprise resumed salt deliveries to BorsodChem Chemical Plant (Hungary) at the end of 2016 and is planning to resume cooperation with Novaky Chemical Plant (Slovakia),” Artemsil Director Volodymyr Dolya…
DetailsPrivatBank (Dnipro) denies claims of creditors, liabilities of which were exchanged to additionally issued shares during the nationalization of the bank. “It is no secret that temporary administration (the Individuals Deposit Guarantee Fund) jointly with the National Bank of Ukraine (NBU) conducted the bail-in transaction when some passives affiliated with former shareholders as the NBU…
DetailsUkraine in February does not plan to resume electricity exports to the CIS (Belarus, Moldova, Russia), despite the surplus of electricity projected earlier, as repair of three reactors of Ukrainian nuclear power plants (NPPs) will be finished. According to the forecast balance of Ukrainian power grid for February posted on the Energy and Coal Industry…
DetailsOOO BelKumysProm in Logoisk district, Minsk region is considering the possibility of exporting dairy horse breeding technologies, the company’s director Oleg Sivchenko said. The BelKumysProm director said: “We intend to seriously start selling dairy horse breeding technologies abroad. In particular, negotiations are in progress with several regions of Russia, with Kazakhstan and Lithuania. The company…
DetailsUkraine’s GDP growth in 2016 was around 2%, the Economic Development and Trade Ministry reported. “The Ukrainian economy in 2016 showed signs of gradual overcoming negative consequences of long crisis, strengthening of macroeconomic stability and restoring economic growth,” the ministry said. Consolidated Production Index last year grew by 4.1% after a decline by 6.1% in…
DetailsIn a report released at a news conference in Dushanbe, Zafar Azimi, the deputy head of the Accounts Chamber of Tajikistan, revealed that financial harm cost the country some 224 million somoni (equivalent to some $30 million) in 2016. “530 inspections conducted by the Accounts Chamber auditors last year revealed some 224 million somoni worth…
DetailsPresident Shavkat Mirziyoyev signed the Resolution “On Additional Measures for Improvement of Wage, Pensions, Welfare Benefits and Stipend Payment Mechanisms.” The resolution outlines unprecedented steps to secure the rights and interests of pensioners, students and other socially vulnerable groups, who will now have fewer hurdles in paying for goods and services across Uzbekistan. The resolution…
DetailsLoan rates for farmers will be reduced in Kyrgyzstan in 2017, the head of the Kyrgyz government Sooronbay Jeenbekov announced. Loans for the treatment and processing of agricultural products, export-oriented agricultural production will be issued at 6% per annum for three years. Compared to 2016, the rate has been reduced by 4%. It stipulates for…
DetailsConstruction of Balykchy – Korumdu road was suspended in Kyrgyzstan, Long Hai Company employees informed. About hundred workers of the company organized a rally. The main requirement was to pay salaries for three months. Parliamentary commission headed by deputy from Kyrgyzstan faction Kanatbek Isaev went to Issyk-Kul region. However, MPs abandoned the trip halfway and…
DetailsThe state-run enterprise Ukrainian Sea Ports Authority in 2017 is scheduled to hold dredging works at seaports at the total area of about 20 million cubic meters, including capital dredging. Newly appointed acting head of the Ukrainian Sea Ports Authority Raivis Veckagans announced this during a meeting with dredging companies in the American Chamber of…
DetailsUkrainian crushers continue picking up the pace of sunseed processing in the current season of 2016/2017. Sunoil output has been hitting new monthly highs for a fourth month in a row. Ukraine’s large and medium-sized crushers produced an unprecedented 558 KMT of sunoil in December 2016 compared with 529 KMT in November 2016 and 363…
DetailsIn January-November of 2016 Kyrgyzstan decreased foreign trade turnover with the member-states of the Eurasian Economic Union (EAEU) by 16.7%, the Prime Minister of Kyrgyzstan Sooronbay Jeenbekov declared. The foreign trade turnover with the EAEU totaled $1.744 billion. In January-November 2016 the import supplies reached $3.62 billion, down by 0.1%. Imports reduced, due to lowering…
DetailsIn January seaports of Ukraine handled 10.03 million tons of cargo, up by 14.6% YoY, preliminary statistics of Ukrainian Sea Ports Authority shows. Transshipment of export cargo totaled 8.094 million tons (+30.3%), imports – 1.423 million tons (-9%), transit – 475,000 tons (-50%), inland traffic – 39,300 tons. State stevedores under the Ministry of Infrastructure…
DetailsUkraine gets about 80% of its gasoline imports from the Republic of Belarus, followed by Lithuania, Poland and Mediterranean countries, consulting group A-95 Director Serhii Kuiun has stated. “The market of gasoline imports is very diversified. We have 7-8 stable destinations. The largest one is, undoubtedly, Belarus, which covers 80% of import deliveries. Other important…
DetailsHeads of state-controlled Ukrainian banks will discuss how they will coordinate policy on the financial market, Chairman of the board of Ukraine’s largest PrivatBank Oleksandr Shlapak has said. “I’m sure we’ll agree on such issues as interest rates and a certain division of the market,” he said. After the nationalization of PrivatBank, Ukraine has got…
DetailsThe price for 1 kWh of Tajik electricity supplied to Afghanistan increased by 3% YoY, to 4.59 cents last year, Mirzo Ismoilzoda, the head of Barqi Tojik (Tajikistan’s national integrated power company), said. The price increases in accordance with an agreement signed between power companies of the two countries. This year Tajikistan will supply electricity…
DetailsAccording to the Ministry of economy of Uzbekistan, cotton fiber processing volume reached 40% in 2016, while in 1991 it was 7% only. Today the industry exports textile products to more than 50 countries. In recent years the export has been expanded to Brazil, Chile, Croatia, Nigeria and other countries. The Presidential Decree dated December…
DetailsThe board of the Central Bank of Uzbekistan decided to keep the refinancing rate at 9%, the bank said in a message. “This level of refinancing rate meets the tasks of holding effective monetary policy aimed at keeping inflation within its target forecast parameters, as well as stimulation of investment activity and the maintenance of…
DetailsUzbekistan Airways served 2.471 million passengers in 2016, down by 4% YoY, says a message on the air company’s website. In 2016 the company carried out 22,387 flights, down by 3.8% YoY. The volume of the air company’s cargo transportations amounted to 43,800 tons in 2016, up by 4.8 YoY. Uzbekistan Airways is a monopoly…
DetailsUkraine’s State Treasury Service on February 1, resumed VAT refunding. Government resolution No. 26 approving the rules for keeping the register of applications for return of VAT dated January 25, came into effect. “On February 2, treasury agencies provided for executing applications for UAH 2.187 billion that had conclusions from the State Fiscal Service about…
DetailsIn 2016 Ukraine reduced natural gas consumption by 4.1% (by 1.366 billion cubic meters) YoY, to 32.361 billion cubic meters. According to the Ministry of Energy and Coal Industry, in particular, industry consumed 9.599 billion cubic meters (down by 15.9%), households and budget-sustained organizations used 12.457 billion cubic meters (up by 2.3%), heating companies –…
DetailsA delegation of Tajikistan textile and clothing companies took part in a three-day leading international textiles and apparel trade fair Textillegprom. For the seventh time the International Trade Center (ITC) organized participation of Tajik companies at this largest specialized industry event in the Russian Federation. According to ITC Tajikistan, this year the following companies from…
DetailsThe UAE’s new strategy opens up the opportunities for the intensification of cooperation with Turkmenistan, UAE Ambassador to Turkmenistan Hassan Abdullah Al Adhab said. He added that great success, especially in the economic sphere, had been achieved in the development of the bilateral partnership since the opening of the UAE embassy in Turkmenistan. “We will…
DetailsPrivatBank since January 1, has paid off UAH 2.385 billion of funds received as refinancing credits from the National Bank of Ukraine (NBU) and paid UAH 215.752 million of interest. According to Deputy Board Chairman of PrivatBank Halyna Pakhachuk, current general amount of refinancing credits issued by NBU to PrivatBank totals UAH 15.516 billion. (Ukrinform/Business…
DetailsSund’Or airline, the subsidiary of El Al airline (Israel), from June 26, will launch direct flights on the Odessa-Tel-Aviv route. The press service of the airline reported that the flights would be serviced twice a week – on Mondays and Fridays using aircraft of the Boeing 737-800 type. Departure from Odessa is at 09:45 and…
DetailsThe National Bank of Ukraine (NBU) should gradually quit the tough monetary and credit policy and apply smoother monetary tools to provide for the development of the national economy, Head of the NBU Council Bohdan Danylyshyn has said. “The right monetary and credit policy is the third element of the economic growth. I think that…
DetailsThe American-Uzbek Chamber of Commerce held its regular meeting. Representatives of some 30 major US companies, including General Motors, General Electric, Caterpillar discussed the current state and priority directions of economic and investment cooperation, aimed at further strengthening mutually beneficial business relations between Uzbekistan and the United States. The Uzbek side at the meeting was…
DetailsPopulation of Kyrgyzstan will pay 14.46 soms per cubic meter of gas in February, the press service of Gazprom Kyrgyzstan LLC reported. Industrial enterprises, commercial entities and budget organizations will pay 17.72 soms per cubic meter including VAT and sales tax, excluding sales tax – 17.57 soms. The tariff is calculated at dollar exchange rate…
Details