Despite the establishment of industries, Kyrgyzstan continues to process only 15% of agricultural production, the Minister of Economy Arzybek Kozhoshev said at a government meeting. During 11 months of 2016 the volume of foreign trade of Kyrgyzstan decreased by 0.5% YoY. Exports amounted to $1.6 billion and decreased by 1.5%. Imports remained at the level…
DetailsAt least 703 families got preferential mortgage loans under Affordable Housing program in Kyrgyzstan in 2016, First Deputy Prime Minister Mukhammetkaliy Abulgaziev said at a government session. According to him, the volume of lending amounted to 822 million soms. At the same time, the state mortgage loan rates decreased from 12% to 10%. At present,…
DetailsExports of arms and dual- and special-purpose products by state-run Ukroboronprom Concern in 2016 grew by 25% YoY, to $756 million. These figures were announced by Ukroboronprom Deputy Director Denys Hurak at a forum on cooperation between the defense industry and small and medium-sized businesses. The concern’s state-run enterprises concluded contracts on arms exports last…
DetailsThe Ministry of Agrarian Policy and Food expects that the Ukrainian agrarians in 2016 will collect some 64.2 million tons of grain, up by 4 million tons YoY, with the average yield of 44.8 hundredweight per ha, according to the ministry press service. According to the report, 26.1 million tons of wheat will be harvested,…
DetailsTurkish Airlines will add three more flights on the Istanbul-Kherson route to the summer schedule totaling 10 flights per week. From March 26, flights between Kherson (Ukraine) and Istanbul (Turkey) will be operated in the morning and in the evening. Morning flights will be operated on Mondays, Tuesdays, Wednesdays, Thursdays, Saturdays and Sundays with departure…
DetailsThe Belarusian confectionery factory Spartak is expanding its store chain in China, Spartak Deputy Director General Dmitry Korolenko reported. Gomel-based factory Spartak opened its first store in Harbin in November 2016. In January two more stores opened their doors in Beijing and Shanghai. All three stores belong to Spartak’s partner from China. The stores sell…
DetailsA press conference dedicated to the launch of the Astana-Warsaw direct flight has been held at the Central Communications Service in Astana. Earlier it was reported that LOT would start operating the Warsaw-Astana flight on May 8, four times a week (on Mondays, Wednesdays, Fridays and Saturdays). “It is no coincidence that the launch of…
DetailsUzbek exporters and regional and district khokims continue negotiations on exports to foreign countries, including European states, at Green Week, an international agricultural exhibition. On the fourth day, exporters met representatives of Central Investments Worldwide L.P. and Better International Trade (UK), GIZ (Germany), Avietes (Lithuania), Befresh (Israel), Greenfield Agro and Shri Niwas Dall & Besan…
DetailsUzbekistan Airways announced it planned to launch flights to Dushanbe (Tajikistan) and Lahore (Pakistan) in 2017. The company is also working on flights to Mumbai (India) and Guangzhou (China). Director-General Valeriy Tyan said Uzbekistan Airways bought 4 more Boeing 787 Dreamliners and went ahead with Tashkent 4, a new passenger terminal expected to serve 1,500…
DetailsMinistry of Economy of Kyrgyzstan has agreed to revise the country’s Tax Code after criticism of businessmen. Minister of Economy Arzybek Kozhoshev said that the Tax Code had technical errors. In 2015, a group was formed, which worked on a new version of the Tax Code. The Ministry of Economy noted that the current version…
DetailsAshgabat hosted the next meeting of the Interstate Commission for Water Coordination (ICWC) of Central Asia. The ICWC is the body of five governments, which entrusted direct functions of water resources management and development and maintenance of sustainable natural and hydro ecological processes on transboundary water resources to the ministries (State Committees, Departments) of water…
DetailsThe government of Japan in 2017 intends to allocate about $290,000 on projects of donor organizations in the sphere of medicine and health education in Ukraine. “We are happy to sign these five project proposals, four of which involve medicine, and one health education. It is very important for Ukraine,” Japan’s ambassador to Ukraine Shigeki…
DetailsIn 2016/2017 MY the export potential of Ukrainian feed corn will total nearly 18 million tons, up by 9% YoY. At the same time, in October 2016 Ukraine exported over 1.35 million tones of corn, which became the absolute record for the reporting month. But due to the record global production of corn, as well…
DetailsIn 2016 the imports of wheat to Tajikistan totaled over 1.34 million tons, up by 16.9% YoY. Kazakhstan was the main country-supplier of wheat, the Head of the Antimonopoly service at the Government of Tajikistan Sajdi Kodirzoda said. Also, in the reporting period Tajikistan imported nearly 88.8 thousand tons of flour (the average price totaled…
DetailsIn January Ukraine’s wholesale and retail sugar prices increased by 5.5% on average, and now they are ranging between UAH 14.10 and UAH 14.50 per kilogram. The increase in sugar prices was caused by growing prices on the global market. This has been reported by the press service of Ukrtsukor National Association of Sugar Producers…
DetailsPJSC Ukrzaliznytsia should in 2017 complete the separation of individual directions in the company’s activities, as well as introduce European standards of corporate governance, the head of the company supervisory board, First Deputy Minister of Infrastructure Yevhen Kravtsov said. “In 2016 the company’s management focused on stabilization of management processes in the company. The supervisory…
DetailsRussian banks share in Kazakhstan’s banking sector is decreasing, Kazakh Finprom.kz analytical center said in a message. The share of Russian banks in the deposit portfolio of Kazakh banking sector decreased from 10.8% to 8.1% in November 2015 – November 2016, in loan portfolio – from 9.6% to 8.1%. This reduction mainly resulted from the…
DetailsBusiness circles of Uzbekistan and Ukraine signed bilateral agreements in the diplomatic mission of Uzbekistan in Kiev, aimed at increasing the volume of exports of the Uzbek producers. In particular, representatives of JSC Uzsanoateksport and JSC Uztadbirkoreksport signed agreements for a total amount of $7.05 million on the export of products of domestic manufacturers, namely…
DetailsProfit of gold refinery of Kyrgyzaltyn JSC in Kara-Balta on the results of 2016 has grown by half. Profit of the refinery in 2016 amounted to 132.5 million soms, up by 84.1 million soms YoY. In 2012-2015, profit of the gold refinery did not exceed 80 million soms. Volume of refinery’s output also increased by…
DetailsThe National Bank of Ukraine (NBU) has raised its forecast for the growth of Ukraine’s gross domestic product (GDP) for 2017 to 2.8% from 2.5% and lowered the one for 2018 to 3% from 3.5%, the NBU has said. According to the central bank’s estimates, economic growth in 2016 stood at 1.8%. According to the…
DetailsAgrarians of Ukraine in 2016 acquired about 8.5 thousand units of equipment valued at almost 9 billion UAH. This was stated by the minister of agrarian policy and food of Ukraine Taras Kutovoy. “Ukraine is a promising platform for agricultural engineering. Therefore, I urge the international manufacturers and investors to expand and transfer their production…
DetailsIn the current season of 2016/2017 Kazakh exporters continued building up wheat bran shipments to foreign markets. Kazakhstan exported 60.6 KMT of wheat bran in the first three months of the season (September-November 2016), up by 66% YoY (36.5 KMT). Uzbekistan remains the key importer of Kazakh wheat bran – the country absorbed over 78%…
DetailsUkraine’s Antimonopoly Committee has fined the Boryspil International Airport (Kyiv) for abuse of monopoly on the specialized airport service market. “We have finished hearing a case about abuse of monopoly by the Boryspil International Airport on the specialized airport service market. We fined the airport UAH 12.78 million,” authorized official of Ukraine’s Antimonopoly Committee Ahiya…
DetailsIn the future, riders will be able to take the number 4 tram all the way to Tallinn Airport, where the terminus of the tramline will be connected to the airport’s passenger terminal via escalators and a gallery. Construction on the tramline extension connecting the Lasnamae city district to Tallinn Airport is well underway. The…
DetailsVice Prime Minister of Ukraine Pavlo Rozenko states that there are no reasons for an increase in ticket prices for public transport in Ukraine. On his Facebook page, he wrote: “There are no reasons to raise fare prices today. At present fuel costs, prices of spare parts are not growing”. He urged the local government…
DetailsThe National Bank of Georgia increased its key rate by 25 base points to 6.75% and announced further “gradual” tightening of the monetary policy in the course of the next two quarters. NBG said in a statement that “the decision is based on macroeconomic forecasts,” according to which, NBG expected that this year’s inflation rate…
DetailsOn January 24, the government delegation of the Republic of Uzbekistan headed by Foreign Minister Abdulaziz Kamilov held a meeting with senior Advisor to the President of the Islamic Republic of Afghanistan on economic issues Humayun Kayumi, special representative of the President for cooperation with the countries of Central Asia and Russia Mahamad Shokir Korgar.…
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