A Chinese company plans to invest its funds in the Bank Moscow-Minsk, manager for Belarus at DRex Food Group Zoya Kavaleva reported after the talks with Belarus Agriculture and Food Minister Leonid Zayats on June 12. “We would like to invest in the bank. We want to buy a stake in the bank or some…Details
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Turkmenistan plans to establish regular air service with Tajikistan in the near future. The flights will be carried out under the bilateral agreements. A Turkmen delegation took off to Dushanbe where it would hold talks in the framework of the agreements on expanding bilateral cooperation. Officials of Turkmenistan Airlines (national carrier) and Turkmenistan Airline OJSC…Details
Average wages in Ukraine are expected to increase by 38%, to UAH 7,100, by the beginning of 2018, the press service of the Social Policy Ministry of Ukraine has reported. “The wage reform also provides for the revision of wage setting with a view to gradually raising real wages and eliminating wage arrears,” Minister of…Details
Ukraine shipped 48,400 tons of sugar abroad in May, down by 33% MoM, according to the Ukrtsukor association of sugar producers. “In May, sugar exports fell by almost half compared to April, as the world market prices were on the decline. We estimate that further supplies in the current marketing year will be insignificant,” the…Details
In January-April Belarus’ export of merchandise and services rose by 19.5% YoY, to $10.413 billion, according to the latest statistics released by the National Bank of the Republic of Belarus. Foreign trade in merchandise and services totaled $20.706 billion, up by 17.9%. Export reached $10.413 billion (up by 19.5%), with import at $10.292 billion (up…Details
Azerbaijan’s Rabitabank OJSC plans to increase its authorized capital through the new issue of shares, according to the bank’s message. The issue will be discussed during the extraordinary meeting of the bank’s shareholders, to be held on July 14. Meanwhile, the changes to Rabitabank’s regulations will also be discussed in connection with the new issue…Details
TIU Canada is launching the construction of a 10 MW solar power plant in the territory of Nikopol Ferroalloy Plant, the company’s press service has reported. TIU is owned by the Canadian investment company Refraction Asset Management. Nikopol Ferroalloy Plant is the largest Ukrainian enterprise for production of silicomanganese and ferromanganese. The plant is controlled…Details