OP Corporate Bank plc commenced cooperation with Latvijas Gaze in relation to the provision of a loan worth EUR 35 million. The bank acquired rights to provide the loan by winning in Latvijas Gaze tender for re-financing of capital investments. The contract for the EUR 35 million loan with Latvijas Gaze has been signed for…Details
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Ukrainian large and medium-sized crushers produced 515.6 KMT of sunoil in October, up by 115.8 KMT MoM (29%, 399.8 KMT) and by 122.6 KMT YoY (31%, 393 KMT). Small mills accounted for over 100 KMT of October sunoil production. The 2016/2017 season’s bumper sunseed crop allowed crushers to make an unprecedented monthly amount of sunoil.…Details
In 2017 Moldova expects to get credits at a total amount of MDL 7 billion 397.2 million ($362.6 million) to support the budget and continue externally-funded projects. This is provided for by the draft law on the 2017 state budget approved by the government. By estimates of the Finance Ministry, to continue the implementation of…Details
Moldova’s government expects to have MDL 220 million from the privatization of public assets and MDL 700 million from the sale of the liquidated banks’ assets. These amounts have been included in the 2017 state budget. In particular, MDL 220 million from the privatization of public assets and MDL 700 million from the sale of…Details
In 2016 the volume of capital investments in agriculture will exceed the last year figures nearly 1.5 times, to 44 billion UAH, the Head of investment department at the National Scientific Centre Institute of Agrarian Economics Nikolai Kisil declared. In particular, the growth of capital investments was driven by a spike in investment activity after…Details
In January-November Commercial Sea Port Yuzhny handled 36,239,800 tons, down by 17.8%, YoY, Ukrainian Sea Ports Authority says. According to the statement, this makes 30% of total throughput of Ukraine’s seaports (120,717,900 tons). In the 11-month period the growth was shown by the following sectors: metal – 89,400 tons (+73.1%), containers – 73,800 TEUs (+51.5%),…Details
An International Monetary Fund (IMF) mission led by Martin Sommer visited Ashgabat on December 1-6, to assess macroeconomic and financial developments and discuss economic challenges and policy priorities with senior government officials and the diplomatic community. The expectations for persistently lower oil and natural gas prices imply the need for additional policy adjustment in Turkmenistan,…Details