The banking sector of Ukraine in 2017 posted UAH 24.4 billion of net loss, according to a February survey of the banking sector posted on the website of the National Bank of Ukraine (NBU). According to the document, PrivatBank and two banks with Russian capital mainly saw the loss. In 2017 the number of loss-making…
DetailsUkraine’s public and publicly guaranteed debt has amounted to UAH 2.14 trillion (about $74 billion), Head of the State Treasury Service Tetiana Sliuz said during a public report on the activities of the State Treasury Service of Ukraine for 2017. “Of course, publicly guaranteed debt actually reaches trillions. As of January 1 it amounted to…
DetailsIn January Belarusian Railways transported 12.143 million tons of freight, up by 127.5% YoY, the company’s press service reported. Export freight reached 4.5 million tons, up by 30%. Transit freight grew by 11.6%, to 3.76 million tons. Belarusian Railways secured the loading of about 7 million tons of freight, up by 33%. Freight turnover of…
DetailsA health resort may be built at Lake Tuzkol of Inderskiy district, Atyrau region. Last year the content of the water was studied by Kazakhstan scientists together with Russian specialists of Pyatigorsk State Scientific Research Institute of Balneology of the Federal Medical Biological Agency of the Russian Federation. The analysis showed high degree of healing…
DetailsKyrgyzstan will export other 550 million kilowatt-hours of electricity to Uzbekistan until the end of March. This was announced at the board meeting of the State Committee for Industry, Energy and Subsoil Use of the Kyrgyz Republic on February 21. According to the agency, 1,143 million kilowatt-hours of electricity were exported to Uzbekistan at 2…
DetailsUkrainian Prime Minister Volodymyr Groysman has said Ukraine has yet to live up to its potential and ensure steady, fast economic growth. “So far, we have not been able to execute our ambitious plan to provide for steady, fast economic growth we are capable of,” Groysman said. Groysman added that many reforms had been launched…
DetailsUkrainian sugar refineries have completed the current sugar production season, having produced 2.14 million tons of sugar since its launch on August 30, 2017, up by 6.5% YoY. “The production season is over. Forty-six sugar refineries have produced 2.14 million tons of sugar. Noteworthy, the increase in sugar output could be even greater, but the…
DetailsTurkmen President Gurbanguly Berdimuhamedov has severely reprimanded Magsat Aydogdiyev, Minister of Automobile Transport, for improper performance of duties and shortcomings in work, the Turkmen government said in its message. “The head of state pointed to the low level of measures for further modernization and improvement of transport sphere in the country and expressed his discontent…
DetailsBelarusian foods are showcased during the international expo of agricultural products, food, and beverages Gulfood 2018 in Dubai, United Arab Emirates, the press service of the Belarusian Ministry of Foreign Affairs reported. A Belarusian pavilion was arranged with assistance of the Embassy of Belarus in the UAE. It features products made by a number of…
DetailsKazakhstan produced 2,105 vehicles worth 12.1 billion tenge in January, reads a report issued by the Union of Enterprises of the Automobile Industry of Kazakhstan “KazAvtoProm”. The volume of output in physical terms exceeded the last year’s indicator 3.6-fold. The production of passenger cars increased 3.7-fold, reaching 2,041 units. The output of trucks (52 units)…
DetailsAgroliga Group is completing the construction of an oil extraction plant in the town settlement of Nova Vodolaga (Kharkiv region). The launch of the plant is scheduled for Q1. The claimed range of oilseed crushing volumes varies within 100-180 KMT with no additional investment in equipment. If minor investment is attracted, this capacity could be…
DetailsNatural gas stocks in Ukraine’s underground storage facilities (USFs) on February 10-17 shrank by 5.2%, or 611 million cubic meters, from 11.681 billion cubic meters on the previous week to 11.070 billion cubic meters. In particular, 91.27 million cubic meters of gas were withdrawn from the storage facilities on February 17 alone, the state-run gas…
DetailsThe Estonian Maritime Administration has halted ship traffic in the part of Haapsalu Bay located south of Seasaar and east of the Rohukula-Sviby shipping lane, Maritime Administration spokesperson Priit Poiklik reported. The Estonian Road Administration has requested that, in case of appropriate weather conditions, ship traffic in the area of the planned Haapsalu-Noarootsi ice road…
DetailsPrime Minister Saulius Skvernelis expects laws on the continuing tax reform to be passed by the parliament by July and to take effect in early 2019. According to Skvernelis, the reform will include an overhaul of second-pillar pension systems and amendments aimed at reducing the tax burden “both on labor and the overall (tax burden),…
DetailsWheat crops take up more than 700,000 hectares of agricultural areas in Turkmenistan. Vegetation watering was carried out. Additional mineral fertilizing of soil will be done closer to spring. Seeds of high-yield wheat were being used during the sowing. Measures to protect winter crops against pests and diseases are being taken. About 1 million tons…
DetailsUkraine imports 80% of the consumed fish, according to First Deputy Agrarian Policy Minister Maksym Martyniuk. He stated that Ukraine had huge potential for import substitution. “We need to develop the production of aquaculture: once the fish is produced in Ukraine and sold for the Ukrainian hryvnia, then poachers, who now receive fish for free…
DetailsPrivatBank has started an internal investigation into the leakage of bank secrecy, the bank has said in a press release. “We want an understanding of the need to conduct this complicated work in the bank and avoid public manipulation using unreliable information regarding the investigation process, both in statements by politicians and public figures with…
DetailsSlutsk Yeast Plant plans to reach the full capacity in 2019, Chairman of Belgospishcheprom Concern Alexander Zabello reported to Belarus President Alexander Lukashenko. “We launched the plant on June 29, 2017. It started operating in August 2017. Yes, the level of utilization is not high at the first stage: about 23% of the designed capacity.…
Details2,300 rail cars of a new modification are going to be released in Pavlodar region in 2018, governor Bulat Bakauov informed. “Last year due to support of the government Kazakhstan’s Wagon-Building Company, which had been idle for two years, resumed production. As a result we increased growth of machine engineering industry 1.2-fold. This year we…
DetailsAzerbaijan’s GDP volume reached around 6.05 billion manats in January 2018, up by 2% YoY, according to a report of the State Statistics Committee. The volume of GDP per capita stood at 618.5 manats. In January the volume of GDP produced in the non-oil sector of the country increased by 3.9%, while a decline of…
DetailsNaftogaz Ukrainy from March 1 will reduce the price of gas sold to industrial consumers on a prepayment basis by 10.8% (UAH 994.8) compared to February, to UAH 8,201 for 1,000 cubic meters (including VAT). According to the company, this price is relevant for consumers buying gas on a prepayment basis in the amount of…
DetailsA member of Ryanair board Juliusz Komorek has confirmed plans earlier announced by Ukrainian Infrastructure Minister Volodymyr Omelyan to launch flights from Ukraine in autumn. “This is a real date. I hope this happens,” he said, adding that changes would be made to the routes announced last year. Earlier Omelyan said that Ukraine was in…
DetailsThe final data on the year 2017 by the European Union statistical bureau Eurostat showed that both the economy of the EU and the euro area had expanded at the quickest pace since 2007. Economist Ryan Djajasaputra of the South-African, British banking group Investec evaluated that much of the growth in 2017 had been driven…
DetailsBelkommunmash has delivered forty trolleybuses to Togliatti, which became the Belarusian company’s largest supply to Russia over the past three years. Belkommunmash won a tender to supply 40 trolleybuses of 321 Model to Togliatti. Seeking to improve the environmental situation the Russian city authorities have been actively renewing the fleet of electric transport vehicles. Many…
DetailsUzbekistan Airways, the flag carrier of Uzbekistan, has introduced the second frequency of direct flights on the route Tashkent – New York – Tashkent. The flights will be performed starting from April 5 according to the following schedule (local time): Thursday: HY 101 Tashkent 05:45 – New York 10:00 Thursday: HY 102 New York 12:45…
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