Ukraine: 2016 the year of economic recovery

Ukrainian Prime Minister Volodymyr Groysman stated that 2016 was the year of economic recovery, and industry, construction sector, and agriculture showed the best growth rates. “I would like to emphasize that 2016 marked the resumption of growth of Ukrainian economy. We observed progress in all the economy sectors,” Groysman said. He noted that industry, construction…


Ukraine not purchasing Russian gas for 440 days

Ukraine has not been purchasing gas from the Russian Federation for 440 days already, Ukrainian Prime Minister Volodymyr Groysman said at a Cabinet’s meeting.

“We have been living without Russian gas for 440 days already. This is a matter of our energy independence,” Groysman said. (Ukrinform/Business World Magazine)

Ukraine: air traffic up in January 2017

In January the volume of air operations carried out by Ukrainian airline companies increased by 57.5% in contrast to the same period last year and came to 676.5 thousand passengers. In particular, the volume of international air operations increased by 60.6%, totaling 608.2 thousand passengers, the press service of the Ukrainian State Aviation Administration reports…


Ukraine: Polish company to build waste recycling plant in Zakarpattia region

The Polish company Limba has offered design solutions for solid municipal waste recycling plant construction using advanced technologies in Zakarpattia region. This is reported by the press service of Zakarpattia Regional State Administration referring to a relevant cooperation agreement signed by the Polish company’s representatives and the state administration. The technologies offered by the Polish…


Tajikistan: Gazprom suspends exploration of gas fields

Gazprom International, an affiliate of Russia’s state-controlled company Gazprom, has given up the two last licenses for exploration of hydrocarbon fields in Tajikistan. According to information posted on Gazprom International’s website, the company decided to give up licenses for exploration of the Sariqamish and Western Shohambari gas fields in Tajikistan as “no commercial inflow was…


Ukraine: 15 largest banks left to finish additional capitalization program

9 banks out of 35 largest Ukrainian banks have finished the additional capitalization programs and restructuring plans after stress tests conducted earlier as of February 1, and 11 initially did not require additional capitalization, the National Bank of Ukraine (NBU) reported. The NBU said that 15 more banks continued implementing the additional capitalization programs, and…


Turkmenistan: GDP up in 2016

GDP growth rate in Turkmenistan amounted to 6.2% in 2016, the country’s Ministry of Economy and Development said. The growth rate has increased by 1.1% in the industrial sector, by 4.3% – in construction, by 10.7% – in transportation and communication sector, by 14.1% in trade, by 9.9% in agriculture and by 10.4% in the…