Turkmenistan and Tajikistan to establish regular air service

Turkmenistan plans to establish regular air service with Tajikistan in the near future. The flights will be carried out under the bilateral agreements. A Turkmen delegation took off to Dushanbe where it would hold talks in the framework of the agreements on expanding bilateral cooperation. Officials of Turkmenistan Airlines (national carrier) and Turkmenistan Airline OJSC…

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Belarus: exports up in January-April 2017

In January-April Belarus’ export of merchandise and services rose by 19.5% YoY, to $10.413 billion, according to the latest statistics released by the National Bank of the Republic of Belarus. Foreign trade in merchandise and services totaled $20.706 billion, up by 17.9%. Export reached $10.413 billion (up by 19.5%), with import at $10.292 billion (up…

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Ukraine: TIU to build 10 MW solar plant in area of Nikopol Ferroalloy Plant

TIU Canada is launching the construction of a 10 MW solar power plant in the territory of Nikopol Ferroalloy Plant, the company’s press service has reported. TIU is owned by the Canadian investment company Refraction Asset Management. Nikopol Ferroalloy Plant is the largest Ukrainian enterprise for production of silicomanganese and ferromanganese. The plant is controlled…

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Tajikistan: Dushanbe bus terminal awaiting permission to operate services to Uzbekistan

Dushanbe bus terminal, Asian Express Terminal, is waiting for answer to its proposal to re-launch bus routes between Tajikistan and Uzbekistan. Deputy Director General of the Closed Joint Stock Company (CJSC) Holding Asia Group Tajikistan Sulton Kamolov says they have already discussed this issue with representatives of the Uzbek Embassy in Dushanbe. “They have expressed…

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Azerbaijan: S&P expects Kapital Bank’s market share to increase

Standard & Poor’s (S&P) Global Ratings expects that Azerbaijan’s Kapital Bank OJSC will likely increase its already material market share, while its operating revenues continue increasing progressively and its profitability remains high, according to an S&P report. S&P confirmed the credit rating of the Azerbaijani bank at BB-/B level with a negative outlook. Meanwhile, the…

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Turkmenistan to keep benefits only for socially vulnerable people

President of Turkmenistan Gurbanguly Berdymukhamedov, noting that the system of benefits in the country has become completely ineffective, instructed to prepare proposals for cancellation of all benefits. Berdymukhamedov was addressing a meeting with the leadership of the Turkmen banking and financial sectors. “Benefits should be provided not to anybody, but only to those who really…

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