The European Bank for Reconstruction and Development (EBRD) and Kazakhstan’s national gas operator KazTransGas have agreed to join forces in supporting the country’s drive towards a green economy, the bank reported. According to a Memorandum of Understanding signed in Astana on October 26, the two partners will explore ways to promote energy efficiency in the…
DetailsDredging at the Ukrainian port of Belgorod-Dnestrovsky has reached 800,000 cubic meters this year. The works have been performed by the equipment of Ukrainian Sea Ports Authority (USPA) and its specialized contractor, USPA says. Vessels of up to 3.1 m in draught can now call the port. The port of Belgorod-Dnestrovsky was set up in…
DetailsState-run enterprise Boryspil International Airport (Kyiv), the country’s largest airport, saw a 2.2-fold rise in net profit in January-September, to 1.026 billion UAH. The airport said that its net revenue over the period grew by 30%, to 2.446 billion UAH. As reported, Boryspil Airport in January-September increased its passenger traffic by 16% YoY and by…
DetailsProcurement of construction works and services in Belarus will be exercised by the means of contract tendering starting on January 1, 2017, in accordance with President Lukashenko’s ordinance No. 380 dated October 20. Contract tendering will be a mandatory procedure if the cost of construction services is equal to or exceeds 6,000 basic units (Br126,000…
DetailsBelarus and Poland intend to step up cooperation in matters concerning investments and privatization, the press service of the State Property Committee of Belarus reported. On October 25, the Committee’s Chairman Andrei Gayev met with Deputy Development Minister of Poland Radoslaw Domagalski-Labedzki. The Deputy Development Minister of Poland emphasized the importance of smooth cooperation between…
DetailsBarqi Tojik (Tajikistan’s national integrated power company) says they raise rates in order to maintain the country’s power system in a working order. A statement released by Barqi Tojik, in particular, notes that electricity prices will rise on average by 16.5% beginning on November 1. They reportedly raise electricity prices also in order to recoup…
DetailsIf signed, an agreement with the International Monetary Fund (IMF) will increase investment in Moldova. That’s according to the Governor of the National Bank of Moldova (NBM), Sergiu Cioclea. According to him, as soon as Moldova signs an agreement with the IMF, funding and grants from various international organizations and private investors will come in…
DetailsBusiness development and its support are among the priorities of successive reforms in the country. According to “Doing Business 2017: Equal Opportunity for All” rating, published by World Bank on October 25, Uzbekistan has been placed 87th among 190 countries, having retained its previous year position. World Bank experts have raised the position of Uzbekistan…
DetailsThe number of employed in the economy of Uzbekistan in January-September amounted to 13289,3 thousand, having increased by 1.8% YoY. The number of people employed in the public sector amounted to 18.1% of total employment (in 2015 – 18.3%), in the private sector – 81.9% (81.7%), according to the State Statistics Committee. The share of…
DetailsPublic joint-stock company Ukrnafta saw 427 million UAH of net profit in January-September, down by 89.5% YoY, the company has said in a report. According to Board Chairman Mark Rollins, the indicator for January-September should be revised for the correct calculation of the profit pace. The cross clearing transaction is to be taken into account;…
DetailsUkraine seeks to borrow $9 billion on the foreign market in 2017, Ukrainian Finance Minister Oleksandr Danyliuk has said. He said that the Finance Ministry sought to issue the fourth tranche of U.S. secured $1 billion eurobonds, raise $5.3 billion in cooperation with the International Monetary Fund (IMF) and enter the international loan market. Ukraine…
DetailsAs of October 25, Ukrainian agrarians harvested 52.265 million tons of grains throughout the areas of 12.281 million ha, or 86% of the plan. The average yield totaled 4.26 ton/ha, the Ministry of Agrarian Policy and Food of Ukraine reported. At the same time, on the same date last year the production volumes reached 52.58…
DetailsAgriculture contributes 12% to Ukraine’s GDP and every fifth Ukrainian is working in this area. This has been reported by NGO AgroReformsUA, which aims to implement effective reforms in the agrarian sector of Ukraine. “In 2015, the share of agricultural products in the foreign trade of Ukraine reached 38%. This means that the sale of…
DetailsPJSC Motor Sich in January-September decreased consolidated net profit under international financial reporting standards (IFRS) by 25.72% YoY, to 1.884 billion UAH. According to a company report posted in the information disclosure system of the National Commission on Securities and the Stock Market, its consolidated net income for the reporting period decreased by 28.28%, to…
DetailsAccording to operative data of the customs statistics, in July-September Ukraine supplied 10.659 million tons of grains to foreign markets. In particular, the export volumes of wheat reached 6.764 million tons, barley – 3.196 million tons, corn – 642 thousand tons, oats – 14 thousand tons, and other grains – 43 thousand tons. The potential…
DetailsAccording to the State Statistics Service, in January-September India imported the largest volumes of Ukrainian agricultural food products in monetary terms – more than 9% of the general export volumes (valued at $959 million), the Deputy Director on scientific work at the National Scientific Center “Institute of agrarian economy” Nikolai Pugachev declared. According to him,…
DetailsMore than 400 archaeologists and archaeological workers are estimated to have been employed by TAP project in by the time its construction has concluded in Greece, said the website of TAP. Implementing its commitment to protecting Greek tradition and cultural heritage, TAP has announced that its Engineering, Procurement and Construction (EPC) contractors are currently employing…
DetailsIn the course of the auction held by Azerbaijan’s State Committee on Property Issues on October 25, 31 state property units have been sold as part of a new privatization program. Three lots put for privatization were joint-stock companies, 16 were small state enterprises and properties, three – unused non-residential areas and the remaining nine…
DetailsMinsk will play host to the meat industry forum on October 27-28. Such information is posted on the website of Belarus’ Agriculture and Food Ministry. Experts will discuss topical issues of the industry and the ways to improve the quality of meat products and expand exports. The forum, which will be held on the initiative…
DetailsIn 2015/2016 total exports of Kazakh wheat reached 3.57 MMT, up by 11.5% YoY (3.2 MMT in 2014/2015). Key importers of the season traditionally were Uzbekistan and Tajikistan. Exports in the destination of Iran tripled to 290 KMT. Exports doubled in the destination of China – to 283 KMT against 126.4 KMT in 2014/2015. EU…
DetailsAzerbaijan and Croatia have much greater potential for cooperation, head of Croatian Chamber of Economy Luka Burilovic said during his trip to Azerbaijan. “When we talk about the bilateral relations between Azerbaijan and Croatia, it is important to say that even though Croatian companies are not unknown to this market and their Azerbaijani counterparts, our…
DetailsHigh competitiveness of Ukrainian products is one of the obstacles to all Ukrainian goods entering European Union markets, Minister of Agricultural Policy and Food of Ukraine Taras Kutoviy has said. “Our products in Europe are too competitive. The cost of production is low, and Europe puts up barriers to keep them out. We do it…
DetailsLast week cold weather regime in Bulgaria changed to multiyear norm for the given period. Winter crops vegetation continues at a moderate pace. Rains observed during October 11-21, considerably replenished soil moisture stocks in 50 cm soil layer. In the major parts of the country moisture level in the upper soil layer exceeds 75-80%, which…
DetailsBelarus’ trade turnover with Poland grew by 10% in January-August, the Belarusian government said in a press-release following the latest meeting of the Belarusian Prime Minister Andrei Kobyakov and Poland’s Vice Premier Mateusz Morawiecki. While meeting with the Polish vice premier, Kobyakov suggested that the parties should go further than just expanding export/import transactions and…
DetailsAzerbaijan calls on Croatian companies to invest in the country’s agriculture, tourism, IT and chemical industry, Rufat Mammadov, head of the Azerbaijan Export and Investment Promotion Foundation (AZPROMO), said. He added that favorable conditions had been created in Azerbaijan for making investments, as well as for activity in industrial and technology parks. “Tourism sector is…
DetailsUTair Aviation announces the launch of new routes from St. Petersburg to Munich, Samara and Mineralnye Vody. Flights from St. Petersburg to Munich will start on October 30, from Pulkovo International Airport on Fridays, Saturdays and Sundays. Departures from St. Petersburg are scheduled at 15:30 and departures from Munich at 17:10, all times local. Munich…
DetailsThe U.S. Agency for International Development (USAID) has launched the program ‘Decentralization Offering Better Results and Efficiency’ (DOBRE), with a budget of $50 million, in Ukraine, U.S. Ambassador in Kyiv Marie Yovanovitch said. The program will help 75 united communities in seven Ukrainian regions, she said at the opening ceremony for the DOBRE program in…
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