In order to create the most favorable conditions for bringing the Turkmen carpet weaving to a new level, it is necessary to ensure the privatization of this industry, Turkmenistan’s President Gurbanguly Berdimuhamedov said. He made the remarks addressing a meeting of the country’s Cabinet of Ministers, according to the Turkmen government. Turkmenhaly State Association includes…Details
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On January 24, Port of Tallinn’s Supervisory Board got an overview of the company’s activity and preliminary performance results for 2016, according to which Port of Tallinn’s cargo flow decreased by 10%, number of passengers increased by 4%, total revenue amounted to EUR 111 million and operating profit to EUR 49 million. According to preliminary…Details
The Board of the National Bank of Kyrgyzstan on February 27, decided to retain the size of the bank rate of 5%, its deputy chairman Nurbek Zhenish said. The decision was made on the basis of social and economic development of the country in February. It is noted that inflation dynamics in Kyrgyzstan now was…Details
The World Bank (WB) maintains interest in the creation of a Development Bank in Azerbaijan, Angela Prigozhina, the WB senior financial sector specialist, declared. “We do not abandon this idea – there are a huge number of other state financial institutions, including funds and agencies that are engaged in lending to the economy and support…Details
Kazakhstan supplied 221 KMT of flour to foreign markets in December 2016, down by 5% YoY, but nevertheless it was one of the largest export volumes for this time of season. Kazakh flour exports for the four months of 2016/2017 were up by 23.3% YoY at 941 KMT against 763.3 KMT in September-December 2015. Afghanistan…Details
Common people should feel the results of domestic economic growth already this year, president of Ukraine Petro Poroshenko said. “We are making efforts for the common people to start feeling that the situation in the country is changing for the better. The efforts include a sharp increase in the minimum wage up to UAH 3,200,…Details
After tests conducted by the National Bank of Ukraine (NBU) a total of 36 banks are to reduce credits issued to affiliated persons, the NBU has reported on its website. “After tests it has been identified that the largest credit risks for debts of affiliated persons were higher than the requirement at 44 banks. As…Details