Russian aviation was redeployed from air bases in Chelyabinsk region and the air base «Kant» (Kyrgyzstan) to Tajikistan, the Assistant Commander of the Central Military District, Colonel Jaroslav Roshupkin said. «Aircrafts of operational-tactical aviation — Su-24M and Su-25 SM — were redeployed to the airfield Aini near Dushanbe for a planned joint training of units…
DetailsThe Individuals Deposit Guarantee Fund expects that state-run Oschadbank (Kyiv) would become participant of the fund in the middle of 2018, Managing Director of the fund Kostiantyn Vorushylin said. “We expect that from 2018 Oschadbank will become participant of the fund. It is already planned. This will mean additional payments to the fund,” he said,…
Details73 villages of Kyrgyzstan have no mobile communications, the director of the State Committee for Information Technology and Communications Bakyt Sharshembiev said. According to him, the agency has made a plan under which each mobile company at its own expense should connect these villages to mobile communications in the next three years. «Today Kyrgyzstan has…
DetailsTransfer of Ungar-Too station is out of question, the director of the State Committee for Information Technology and Communications Bakyt Sharshembiev said. According to him, the conversation was about the construction of another station in the same area to amplify signals. «At the moment the station on Ungar-Too is operating normally,” Bakyt Sharshembiev said. In…
DetailsRaiffeisen Bank Aval saw UAH 3.804 billion of profit after taxation in 2016, being the best among Ukrainian banks, the National Bank of Ukraine (NBU) has reported. Citibank saw UAH 1.45 billion of profit and OTP Bank saw UAH 913.76 million, being third. Credit Agricole Bank saw UAH 807.79 million and ING Bank Ukraine –…
DetailsTMM developing and construction firm LLC (Kyiv) intends to realize a project to build a solid household waste-to-energy plant near combined heat and power plant No. 6 in Kyiv, TMM Director General Mykola Tolmachev has said. “The waste combust technology is similar to the “magma” technology when waste is heated on hot stone without the…
DetailsDushanbe and Baku intend to restore direct air communication. This issue was reportedly discussed at a meeting of Tajik Minister of Economic Development and Trade Nematullo Hikmatullozoda with Azerbaijan’s Ambassador to Tajikistan Abbasali Hasanov. According to the press center of the Ministry of Economic Development and Trade, the parties also discussed preparations for the next…
DetailsAs of December 31, 2016 the size of the national debt of Kyrgyzstan amounted to $4,105 billion, the Minister of Finance Adylbek Kasymaliev declared. According to him, the domestic public debt amounted to $322.7 million and the external – $3,782.74 billion. “The size of the external debt to GDP amounted to 57.2%. By law, the…
DetailsIn 2016 Kyrgyzstan produced fewer clothes, but most of the metal ore. This was stated at a meeting of the board of the State Committee for Industry, Energy and Subsoil Use. According to its deputy chairman Kuban Myrzakanov, over the past year the industry produced goods at 205,265.6 billion soms, and without companies developing the…
DetailsProduction of cement declined after Kyrgyzstan’s accession to the Eurasian Economic Union. This was stated at the board meeting of the State Committee for Industry, Energy and Subsoil Use. According to the deputy chairman of the committee Kuban Myrzakanov, large volumes of cement made in Kazakhstan started arriving with which the domestic market can not…
DetailsProduction cost of a kilowatt-hour of electricity in Kyrgyzstan in 2016 was 43.8 tyiyn, the State Committee of Industry, Energy and Subsoil Use reported. It is noted that this figure was determined excluding imports. In 2015 the cost was 45.4 tyiyn per kilowatt. The reduction is caused by a decrease in the share of HPP…
DetailsOil refineries in Kyrgyzstan have great difficulties with supplies of raw materials in required quantities, the State Committee of Industry, Energy and Subsoil Use reported. It is noted that the main strategic suppliers of the refineries are the companies from Russia and Kazakhstan. Oil supplies from Russia are unprofitable because the cost of raw materials…
DetailsTMM developing and construction firm LLC (Kyiv) in 2016 retained revenue from selling property in realized projects and projects under construction in money terms at the level of 2015 – UAH 328 million. “In 2016 property sales remained at the level of the previous year. We retain sale revenue at UAH 328 million. Sales in…
DetailsProjects on improvement of water supply worth $110.4 million are implemented in 22 towns of Kyrgyzstan, the Director of the Department of Drinking Water Supply and Disposal Development under the State Agency for Architecture, Construction and Housing Askarbek Toktoshev said at cabinet meeting. According to him, 65% of the total amount of funds raised is…
DetailsAs of today, there are only 12,000 tons of petroleum products out of 42,000 required for spring fieldwork, the Prime Minister of Kyrgyzstan Sooronbay Jeenbekov said at a cabinet meeting. According to him, readiness for spring work is not at an adequate level. Readiness of agricultural machinery comprises only 70%. This figure reaches 52% in…
DetailsThe Ukrainian pilot service market should be demonopolized in the near future, Ukrainian Infrastructure Minister Volodymyr Omelyan has said. “I think that Delta-Pilot monopoly is wrong. I think that if we reduce port tariffs and duties, it would be absolutely logical to make the same step in pilot services. If we speak about the creation…
DetailsLarge and medium-sized crushers of Ukraine produced 2.5 KMT of rapeseed oil in December 2016 against 2 KMT in November 2016 and 7.2 KMT in December 2015. Rapeseed oil production at Ukraine’s large and medium-sized plants has amounted to 61.6 KMT since the beginning of the season 2016/2017, or down by 52% YoY. Analysts note…
DetailsThe USA are ready to negotiate the supply of Ukrainian organic wheat to its domestic market, the Minister of Agrarian Policy and Food of Ukraine Taras Kutovyi declared. According to him, the USA have very overregulated laws in the sphere of food safety. It is quite difficult to enter its market with new products. But…
DetailsIn January Ventspils Freeport terminals transshipped 2.5 million tons of cargoes, up by 40% YoY, as reported by the freeport’s public relations manager Inga Ievina. She noted that January has been passed successfully by the port – the volume of ro-ro cargoes and coal has increased, as have oil products, iron and iron-ore concentrates. Ievina…
DetailsExports of Ukrainian food to the United Arab Emirates (UAE) fell by 19% in 2016, to $106 million, the Ukrainian Food Export Board (UFEB) has reported. “In 2013-2015 revenue from food supplies to UAE fell from $165 million to $134 million, and in January-November 2016 we had $106 million. The trend is disappointing,” UFEB Director…
DetailsThe share of bad and non-performing loans (NPL) today is around 50% of the total loan portfolio of Ukrainian banks, Director of the financial stability department of the National Bank of Ukraine (NBU) Vitaliy Vavryschuk said. “We have revealed during stress tests that the share of these loans is around 50%,” he said. Vavryschuk said…
DetailsDairy farming in Belarus has achieved a high level of industrial development, Belarusian Deputy Prime Minister Mikhail Rusy announced. “Industrial development of dairy farming in Belarus has achieved a high level. There are 4,115 farms in Belarus, and around half of them are highly modernized. Dairy farming in Belarus boasts a high degree of automation.…
DetailsOnce the Belarusian nuclear power plant (BelNPP) is commissioned, the share of natural gas in the production of heat and electricity in Belarus will go down to 70%, Belarusian Deputy Energy Minister Vadim Zakrevsky said. “The nuclear power plant is expected to come online as a result of the program for the development of the…
DetailsThe government of Tajikistan has initiated the formation of the reserve fund in the national budget for extraordinary expenses. The so-called “safety cushion” will be created from the resources of state-owned enterprises (SOE) with an allowance for potential risk from them. The strategy of managing fiscal risks from state-owned enterprises designed for the period until…
DetailsThe total volume of investments of Uzbek insurers amounted to 867.547 billion soums in 2016, up by 19.3% YoY, the country’s Finance Ministry reported. According to the ministry, a major part of the investments (86.3%) accounted for banking deposits and securities. The amount of deposits increased by 15.7%, to 390.1 billion soums, investments in securities…
DetailsMoody’s Investors Service expects Kazakh banks to continue facing solvency risks over the next 12-18 months amid a challenging business environment, the rating agency said in its report entitled “Banks – Kazakhstan; Heightened Insolvency Risks Drive the Negative Outlook”. “Asset quality remains weak across Kazakhstan’s banking sector as the depreciated tenge, combined with challenging operating…
DetailsUkraine’s Cabinet of Ministers on February 8, adopted a resolution titled “On Confirmation of the Plan of Measures for Preparing to Introduce the Joint Aviation Space of Ukraine with the European Union (EU) and Its Member States”. Ukraine’s Infrastructure Ministry, citing its head Volodymyr Omelyan, said the measure was drafted with the aim at fulfilling…
DetailsHutchison Ports and DP World, one of the world’s biggest port operators, will enter Ukraine as soon as this year. According to Infrastructure Minister Volodymyr Omelyan, Hutchison Ports will start operating in the port of Chornomorsk in June-July and DP World by the year end. Hutchison Ports has already signed a memorandum of understanding with…
Details