Kazakhstan: tenge to strengthen

The National Bank of Kazakhstan notes a high probability of strengthening the tenge rate by the end of the year. According to the NBK Chairman Daniyar Akishev, currently, the foreign exchange market is stable. “The exchange rate fluctuates within the historically formed limits given the oil prices and exchange rates of trading partner countries. We…

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Ukraine: NBU declares Bank Boguslav insolvent

The National Bank of Ukraine (NBU) has declared PJSC Bank Boguslav (Kyiv) insolvent, according to the central bank’s website. The NBU Board made corresponding decision No. 708-RSh/BT on November 6. “As of November 1, Bank Boguslav had not ensured the implementation of measures foreseen in the previously approved restructuring plan with respect to raising charter…

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Turkmenistan: new promising oil and gas structures discovered

Turkmenistan, enjoying vast of hydrocarbon resources, has prepared about 300 prospective oil and gas structures for deep drilling. This was stated by Shahim Abdrakhmanov, chairman of the state corporation Turkmengeology, at the international conference entitled “Oil and Gas of Turkmenistan – 2017”. Energy rich nation of Turkmenistan has opened about two hundred oil and gas…

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Turkmenistan becoming transport and logistics hub of international importance

Turkmenistan is turning into a country of major transport and logistics hubs of interregional and intercontinental importance located along the Silk Road, the country’s President Gurbanguly Berdimuhamedov said in an appeal to employees of the state customs service in connection with their professional holiday. Turkmenistan’s positions in the global economic space are being strengthened, he…

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Ukraine: Severodonetsk Azot resumes production of ammonium nitrate

PJSC Severodonetsk Azot (Luhansk region) has resumed production of ammonium nitrate, the company’s website reports. “We have renewed work on the entire technological chain – from accepting ammonia to obtaining mineral fertilizers. And we’ve renewed the work of power units and two technological departments: production of nitric acid and production of ammonium nitrate. The mineral…

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