The National bank of Tajikistan (NBT) is reportedly taking measures to stabilize the country’s currency market. “Since the beginning of the year, the Tajik national currency, the somoni, has lost 7.32% of its value against the dollar at the official exchange rate,” said an official source at Tajik central bank. “Meanwhile, the somoni has lost…
DetailsUkraine’s Cabinet of Ministers at a meeting on April 12, extended the state of emergency in the electricity market for one more month. Emergency measures in the energy sector, stipulated in government resolution No. 103-r dated February 15, came into effect on February 17, because of the blockade by activists with the support of a…
DetailsUkraine’s Cabinet of Ministers, under a proposal of the Finance Ministry, has approved the attraction of an external advisor who will advise the ministry in upgrade of the strategy for reforming state-owned banks. The decision was made by the government on April 12. “Implementing clause 13 of the memorandum (signed by Ukraine and the International…
DetailsEach additional billion dollars of foreign investments is an additional 1% to Ukraine’s GDP growth, Yulia Kovaliv, Head of the Office of the National Investment Council, stated during the forum on foreign direct investments. “When we look at the biggest taxpayers, most of them, apart from state-owned companies, are large international companies,” Kovaliv said. She…
DetailsThe first consignment of buses assembled in Turkey has arrived in Tajikistan. Tajikistan has purchased 40 Isuzu buses assembled in Turkey for Dushanbe and they have moved to Tajikistan through the territories of Iran, Turkmenistan and Uzbekistan. Tajikistan plans to purchase 24 more Anadolu Isuzu buses from Turkey in tsummer. Dushanbe authorities intend to remove…
DetailsWithout state support to involve state businesses in the capital market, it will not be possible to increase activity at the exchange, said Nasdaq Baltic market manager Indars Ascuks. “Purely mathematically – if we look at large companies that are not owned by the state or a single large strategic partner that is possibly quoted…
DetailsPublic joint-stock company Kyivenergo plans to invest around UAH 550 million in reconstruction and development of heat networks and power lines in 2017, Executive Director Alina Bondarenko said at a briefing in Kyiv on April 11. “The approximate sum of investment into the heat networks in 2017 will be UAH 243 million and in the…
DetailsIn February Latvian foreign trade turnover amounted to EUR 1.82 billion, which was 6.1% higher than in February 2016, and the exports and imports values of goods were 5.7% and 6.5% higher, respectively. In February Latvia exported goods in the amount of EUR 832.8 million, and imported goods in the amount of EUR 984.6 million.…
DetailsTsesnabank JSC informed it has received a permission of the National Bank to acquire a major stake in Bank CenterCredit JSC and approval to become a bank holding. “Tsesnabank (Astana), whose securities are officially listed on Kazakhstan Stock Exchange (KASE), has informed KASE on receipt on April 10, “of permission No. 19 dated April 7,…
DetailsTajikistan and Uzbekistan have reestablished regular connecting flights after a 25-year break, paving the way for improved relations, a spokeswoman at Tajikistan’s international airport said. “An Uzbekistan airways flight (from Tashkent) landed at Dushanbe international airport at 8:03 am (0303 GMT),” she said. According to her, “the plane and the passengers were very well met.”…
DetailsPrime Minister of Ukraine Volodymyr Groysman has expressed hope that the management of Rivneazot and Cherkasy Azot, parts of Ostchem Group, will resume operations at the plants in autumn 2017. “I instructed the first deputy premier, we’ve checked provision with fertilizers for the spring sowing campaign, but we need to prepare for autumn. And I…
DetailsUkrainian agrarians started planting corn for grain. As of April 10, Ukraine planted the grain throughout the areas of 60 thousand ha, or 1% of the plan, the Ministry of Agrarian Policy and Food of Ukraine declared. The general planted areas under early grains and pulses in the country reached 2.094 million ha, or 87%…
DetailsA shortage of dollars in circulation in Tajikistan has led to the further devaluation of the national currency, the somoni. The somoni has lost 2.2% of its value against the dollar over the last day alone – from 8.82 somoni per $1 on April 10, to 9.02 somoni per $1 on April 11. Meanwhile, it…
DetailsIn March the index of consumer prices for goods and services totaled 100.3% as against February 2017 and 101.7% as against December 2016, the National Statistics Committee of Belarus reported. In March the basic index of consumer prices that disregards changes of prices for the commodities and services affected by administrative and seasonal factors reached…
DetailsKazakh car plant SaryarkaAvtoProm, located in Kostanay, started the production of Chevrolet NIVA cars from the car kits supplied from Tolyatti, Russia, GM AvtoVAZ said in a message on April 10. GM AvtoVAZ and SaryarkaAvtoProm signed an agreement on delivery of car kits in January. Kazakhstan is one of the most important export markets for…
DetailsThe Individuals’ Deposit Guarantee Fund on the basis of the decision of the National Bank of Ukraine (NBU) dated April 7, on declaring Finbank (Odessa) insolvent on April 10, introduced temporary administration in the financial institution for one month, the fund said on its website. Viktoria Stepanets has been appointed temporary administrator of the bank.…
DetailsUkraine exported roughly 33.1 MMT of grains in the 2016/2017 season as of March 28, up by 9% YoY (30.3 MMT). The exports included 14.5 MMT of wheat (12.8 MMT in MY 2015/2016), 13.6 MMT of corn (13.3 MMT) and about 4.78 MMT of barley (4 MMT). In addition, 271.6 KMT of flour was shipped…
DetailsFreight volume handled in the Port of Liepaja in January-March climbed by 13.1% YoY, to 1,634,200 tons, the Port Authority reported. Grain shipments fell by 16.3%, to 634,900 tons, construction materials increased by 14.7%, to 131,800 tons, forest cargo dropped by 32.7%, to 78,800 tons, oil products went up by 41.3%, to 92,100 tons, crude…
DetailsResidents of Ternopil region in western Ukraine are actively choosing solar energy as an alternative to natural gas. Over the past year, 120 private solar power plants started to operate in the region, First Deputy Chairman of the Ternopil Regional State Administration Ivan Krysak said. “Ternopil region occupies the second position in Ukraine in terms…
DetailsThe direct work on implementation of the Dushanbe-Qurghon Teppa road rehabilitation project will start in June. “This 90-kilometer highway is one of the most heavily traveled roads in the country because it has not been rehabilitated for more than 30 years, with the exception of a partial recovery work carried out in the early 2000s,”…
DetailsAstarta agroindustrial complex, a large sugar producer in Ukraine, saw a 5.2-fold rise in net profit in 2016, reaching EUR 83 million. According to a financial report of the holding posted on the Warsaw Stock Exchange (WSE), its consolidated revenue last year rose by 17%, to EUR 369 million. Operating profit grew by almost 15.2%,…
DetailsThe National Commission for State Regulation of Energy and Public Utilities has developed a draft law on returning of all gas distributing networks to state ownership, Chairman of the National Commission Dmytro Vovk stated at a commission’s meeting on April 10. “The issue of ownership of gas distributing networks lies beyond the scope of the…
DetailsU.S. congressmen have voiced support for Latvia’s security and an interest for developing closer cooperation with the country’s ports, as reported by Latvian Foreign Affairs Ministry. On April 9, Latvian Foreign Affairs Minister Edgars Rinkevics met with a delegation of U.S. congressmen led by congressman Bull Shuster to discuss Trans-Atlantic relations, strategic cooperation between Latvia…
DetailsIn the coming months inflation should be around 3% in Estonia as a result of external factors and tax changes, said Kristjan Pungas, analyst at the Ministry of Finance’s Fiscal Policy Department. In March, price levels in Estonia and the eurozone in general were influenced by the increase of energy prices slowing down. “At the…
DetailsState-owned Estonian airline Nordica carried a total of 41,200 passengers in March in cooperation with strategic partner LOT Polish Airlines, an increase of 57% YoY. During the first three months of 2017, the airline carried over 107,100 passengers, a 67% YoY. Nordica operated 786 regular flights in March, 20% more than in March 2016, to…
DetailsCorn plantings in Ukraine may total 4.3 million ha in 2017. Corn was the most remunerative staple cereal crop in 2016, keeping farmers interested in its cultivation. However, the spring weather conditions cause some concerns about attainability of the target sown area. As of April 6, Ukraine has not yet started corn sowing. At the…
DetailsContinuing investments in the renewal of its bus fleet, Ecolines has bought ten new buses using funding from Swedbank. The company has bought five Setra S431DT and five Man R08. The new buses will be used for runs to Western Europe, Baltic States and internal runs within Latvia. All buses are fitted with ergonomic seats.…
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