“In 2017, about 55 million out of budgeted 120 million soms were allocated to strengthen the banks and carry out repair works at ten Chu River facilities,” Deputy Minister of Emergency Situations Davletbek Alimbekov said. The Minister of Transport and Roads Zhamshitbek Kalilov said that 11 extremely dangerous areas were detected to prevent emergencies. Bank…Details
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The National Bank of Kyrgyzstan sold 151 kg of gold in weighted bullion bars for almost 420 million soms, the Chairman of the NB KR Tolkunbek Abdygulov declared. According to him, the Parliament didn’t support the proposal of the National Bank to abolish customs payments for the import of small gold bars, which would make…Details
Garlyk mining and processing plant for the production of potassium fertilizers will be inaugurated on March 31, Turkmen Foreign Ministry said in a message. Equipped with the most advanced technologies, this plant will become the flagship of the Turkmen chemical industry and the largest industrial-production complex in the Asian continent. The fact that its construction…Details
Ukraine: Oschadbank raises EUR 8 million and UAH 50 million from GUF to finance micro, small and medium business
State-controlled Oschadbank (Kyiv) has attracted credit resources from the German-Ukrainian Fund (GUF) in the amount of EUR 8 million and UAH 50 million to finance micro, small and medium-sized businesses. According to a bank press release, the parties signed the relevant credit agreements within the framework of the memorandum on strategic partnership and cooperation on…Details
Sunseed crushing volumes have been shrinking for a second month in a row in the current 2016/2017 season. Ukraine’s large and medium-sized crushers produced 439.2 KMT of sunoil in February, down by 7.7% MoM (475.7 KMT). However, 2016/2017 production continues to be all-time high in terms of both February and seasonal outputs. Sunoil production by…Details
Belarus and Turkmenistan are able to raise trade to $1 billion, Ambassador Extraordinary and Plenipotentiary of Belarus to Turkmenistan Oleg Tabanyukhov declared on March 29. “Our embassy should treble our efforts. Our task is to raise the trade to $1 billion. Today we are exploring the ways to accomplish this task,” Oleg Tabanyukhov said. In…Details
The process of inventory of two troubled commercial banks – Tajprombank (Tajik Joint-Stock Commercial Industrial Bank for Reconstruction and Development) and Fononbank – is going on and special administrators appointed by the court say the banks have enough assets to settle with their customers. The banks began paying out savings starting from March 16. The…Details