The National Bank of Ukraine (NBU) has allowed banks to provide loans in domestic currency against the collateral of foreign currency on customers’ accounts. This has been reported by the press service of the central bank. “As part of further relaxations of anti-recessionary foreign exchange restrictions, the National Bank of Ukraine has allowed banks to…
DetailsTurkmenistan is developing a project for construction of a new gas chemical complex near the Kiyanly village of the country’s Balkan region. The complex is designed for processing 2 billion cubic meters of natural gas and 117,000 tons of sodium chloride. It will produce 390,000 tons of polypropylene, 200,000 tons of linear low-density polyethylene, 100,000…
DetailsSwedbank raised Estonia’s 2017 real growth forecast by 1.3%, to 3.5%, and next year’s forecast by 0.4%, to 3.2% in its latest economic outlook. In April the bank estimated that Estonia’s gross domestic product growth would total 2.2% this year, and 2.8% in 2018. The newly revised forecast is a lot more optimistic, though the…
DetailsThe law that provides stricter language requirements for procurement of agriculture land is not discriminatory towards citizens of other European Union member states, says Latvian Agriculture Ministry, commenting on complaints submitted to EC center for setting conflicts Solvit by foreign businessmen in relation to the requirements imposed by Latvia on privatization of land. “According to…
DetailsSugar refineries in Vinnytsia region intend to produce 375,000 tons of sugar in 2017, up by 10% YoY, according to Ukrtsukor National Association of Sugar Producers of Ukraine. India, Iran, Azerbaijan and China told Vinnytsia authorities they were interested in the purchase of sugar produced in the region. In 2017, seven sugar refineries will operate…
DetailsThe mechanical engineering company Belkommunmash is exploring the possibilities of supplying electric buses to Moscow, St Petersburg, and Yekaterinburg, Vitaly Shkuratov, head for marketing and sales in Belarus and Russia at the Management Company of the Belkommunmash Holding Company, reported. “We are considering exporting electric buses to Moscow, St Petersburg, and Yekaterinburg. The trial operation…
DetailsTajikistan is keen to develop cooperation with Azerbaijan in all fields, said Tajik Ambassador Soli Rustam as he presented a copy of his credentials to Foreign Minister Elmar Mammadyarov. He noted that he would spare no efforts to contribute to developing the bilateral ties during his tenure. (AzerNews/Business World Magazine)
DetailsThe modernization of the Bishkek thermal power plant in Kyrgyzstan is completed. President Almazbek Atambayev will open the renewed heat and power plant. It is noted that after the works, the installed capacity of the TPP reached 812 megawatts. It increased by 300 megawatts due to commissioning of two new power units. Another difference is…
DetailsNational Energy Company Ukrenergo intends to draw on international financial organizations (IFOs) as the source for its investment projects, Ukrenergo chief Vsevolod Kovalchuk said at a presentation in Kyiv while briefing on the company’s plans for 2018. “We will complete current large investment projects with the use of funds from tariffs, but we will not…
DetailsThe state-owned Ukrainian rocket maker Pivdenmash (also known as Yuzhmash) Machine Building Plant is preparing a new batch of engines for the European launch vehicle (LV) Vega to ship to the European partners, the press service of the enterprise has reported. According to the report, in Q2 Pivdenmash produced two liquid fuel rocket engines RD-843…
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