Dairy 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…
DetailsUkraine International Airlines (UIA) is expected to double the frequency of flights on the Kyiv-Chernivtsi route from April 14. Additional flights will be operated under a mixed schedule with departure from Kyiv on Mondays, Wednesdays, Fridays and Sundays at 02:30 p.m. and return departure from Chernivtsi at 04:45 p.m.; departure from Kyiv on Tuesdays, Thursdays…
DetailsThe analysis of the state of assets of state-run Ukreximbank and Oschadbank (both based in Kyiv) conducted by the National Bank of Ukraine (NBU) in January revealed worsening of the quality of some credits in the past year, the Finance Ministry said. “The discipline of servicing the credits by many large borrowers significantly worsened, and…
DetailsBelarusian meat and dairy companies adhere to the highest standards of quality, Nadezhda Kotkovets, Deputy Head of the Presidential Affairs Department, declared. “We know the safety and quality requirements. All the companies take these requirements seriously and comply with them in full,” Nadezhda Kotkovets noted. “Complaints from Russia are immediately analyzed and dealt with. In…
DetailsTurkish investors intend to build a hydropower plant with the capacity of 4,2 MW in South Kazakhstan. Akim of Tulkubas district of South Kazakhstan region Auyelkhan Turymbekov has met with investors from Turkey to discuss construction of the hydropower plant. There are several rives in the region where the HPP can be built, such as…
DetailsKazakh Ambassador to Tajikistan Nurlan Seitimov has invited Tajik investors to participate in privatization of Kazakhstan’s state assets. A source at the Kazakh Embassy in Dushanbe says this issue has been discussed at a meeting of Seitimov with Fayziddin Qahhorzoda, the head of the State Committee on Investment and State-owned Property Management of Tajikistan (GosKomInvest).…
DetailsAshgabat hosted a meeting with Bangladesh’s Extraordinary and Plenipotentiary Ambassador to Turkmenistan (with a residence in Tehran) Majibur Rahman Bhuiyan, the Turkmen Foreign Ministry said. The parties noted their interest in development of cooperation in the areas of electricity, transportation and petrochemical sphere. It was also noted that the two countries had opportunities to intensify…
DetailsThe European Bank for Reconstruction and Development (EBRD) aims at long-term cooperation with Uzbekistan, Natalia Khanjenkova, managing director for Central Asia and Russia at the EBRD, said. It was previously reported that an EBRD delegation headed by Khanjenkova arrived in Tashkent on February 7, to discuss cooperation prospects. “On the basis of consultations with the…
DetailsThe National Bank of Ukraine (NBU) could start dialog with holders of eurobonds of nationalized PrivatBank (Dnipro), Deputy NBU Governor Kateryna Rozhkova has said. “We have received letters. Eurobond holders want to hold a dialog. We are ready to meet, present our position, as we acted in line with law,” she said. “I do not…
DetailsKyiv city authorities plan to launch two new subway stations within three years – Prospekt Pravdy and Mostytska. Construction works could start in December, the press service of Kyiv City Council has reported, referring to Kyiv Mayor Vitali Klitschko. “According to the preliminary calculations, we could open the Mostytska and Prospekt Pravdy stations within three…
DetailsIn 2017 the planted areas of agricultural crops in Kyrgyzstan will total almost 1.204 million ha, up by 9.1 thousand ha YoY, the First Vice Prime Minister of the Kyrgyz Republic Muhammetkaly Abulgaziev declared. According to the minister, in 2016 agrarians lowered the areas under winter crops by 28.7 thousand ha. Abulgaziev noted that several…
DetailsThe Cabinet of Ministers of Ukraine decided to rename two geographical objects – SE Sea Commercial Port of Illichivsk and Specialized Sea Port Oktyabrsk. The decree #46 dd. January 25, is published on the government web-portal. According to the document, the officials named the seaport of Illichivsk Chernomorsk Commearicla Sea Port, and the specialized sea…
DetailsElectricity consumption in Ukraine in January, taking into account losses in electricity transmission, grew by 1.8% YoY, or by 263.4 million kilowatt-hours (kWh), to 14.913 billion kWh, the Energy and Coal Industry Ministry has reported. Electricity consumption, not including losses, over the period rose by 6.7% or 738.2 million kWh, to 11.793 billion kWh. Industry…
DetailsOil transit through Ukraine to Europe increased to 1.326 million tons in January, by 13.5% or 157.3 million tons YoY, Ukrtransnafta has reported. Oil shipment to refineries in Ukraine in January totaled 117,400 tons. In other words, transit shipments accounted for 91.9% of all crude oil transportation and refinery supplies accounted for 8.1%. Oil transit…
DetailsUkraine in January exported electricity valued at $21.577 million. According to the State Fiscal Service, electricity delivered to Hungary amounted to $17.061 million last month, to Poland to $4.515 million, and Moldova to $1,000. Thus, in money terms exports of Ukrainian electricity grew by 53.5% YoY. In addition, in January Ukraine imported power worth $267,000…
DetailsSyrdarya region is implementing a project for the production of particle boards from cotton stalks. The decision was approved by the decree of the government of Uzbekistan “On introducing amendments and additions to the Decree of the Cabinet of Ministers of September 22, 2016 No. 319 “On measures for creation a modern production of particle…
Details7 consulting companies are ready to help sell Kara-Keche and Min-Kush fields (Ak-Ulak section), the Chairman of the State Committee for Industry, Energy and Mining Duyshenbek Zilaliev declared. Applications for consulting services were received from “Beyond Investment Group” LLC, “Deloitte & Touche”, “Marka Audit Bishkek”, “Industrial electric maden”, “Standard Develop Consult”, “KPMG Tax and Advisory”…
DetailsThe draft law “On industrial safety of hazardous production facilities” has been adopted in Turkmenistan at a regular meeting of the country’s parliament of the fifth convocation, the Turkmen government said in a message. The document defines the legal, economic and social framework for ensuring safe operation of hazardous production facilities. In particular, the law…
DetailsUkraine’s Finance Ministry is finishing talks with the International Monetary Fund (IMF) regarding the next credit tranche, Finance Minister Oleksandr Danyliuk said. “We are at the final stages. Technical moments for receiving the next tranche are being discussed,” he said. The minister said that the negotiations with the IMF on the tranche could be finished…
DetailsNew solar power plants financed by investors are expected to be built in Kherson, Odessa and Kharkiv regions. “In 2017, a solar power plant with a capacity of 30 megawatts will be built on 60 hectares of Velyka Blahovishchenka Village Council. According to preliminary estimates, the project cost exceeds $10 million,” the press service of…
DetailsUkrainian poultry products could return to the Israeli market by the end of this spring, Ukraine’s Agricultural Policy and Food Ministry has reported. The ministry said that the talks between Ukraine’s State Service for Food Safety and Consumer Rights Protection and Israel’s Veterinary Service were being held. “The resumption of poultry products exports to Israel…
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