Over the past 4 months, trade turnover between Kazakhstan and Malaysia increased by 30% YoY. “Kazakhstan sees Malaysia as an important strategic, trade and economic partner among the countries of South-East Asia. I would like to note the positive dynamics of the bilateral trade and economic cooperation development. Foreign trade turnover between Kazakhstan and Malaysia…
DetailsThe Central Bank of Uzbekistan has set new standards for managing current and instant liquidity of commercial banks, said the message posted on the bank’s website. The current liquidity ratio defined as the ratio of the amount of current assets (liquid assets and bank’s investments with a payment period of up to 30 calendar days,…
DetailsBritain’s Crown Agents is replacing a number of medicines supplied under the project of public procurement of medicines for oncology adults and children by the 2015 state budget, the agency has said in a press release. At present, Crown Agents replaced 2,800 out of 17,000 packages of Methotrexate to treat child oncology that was procured…
DetailsUkraine boosted electricity exports by 59.5% YoY in January-June, to $136.4 million, according to Ukraine’s State Fiscal Service. Hungary accounted for 57.4% of electricity sales abroad, the share of Moldova was about 20.6% and that of Poland about 17.4%. In June Ukraine’s electricity exports to Hungary were estimated at $4.3 million, those to Poland at…
DetailsSlavkaliy will sell its products only via Belarusian Potash Company (BPC), Slavkaliy’s Chairman of the Board Mikhail Gutseriyev reported. When asked about possible cooperation with Uralkali, Mikhail Gutseriyev said: “We are going to work and sell only via Belarusian Potash Company. We are not going to compete with Belaruskali in any way.” According to Mikhail…
DetailsThe Free Economic Zone “Jizakh” held the ceremony of laying a capsule in the foundation of a new production complex of JV “Uzbekistan Peugeot Citroen Automotive”. A modern industrial complex designed to produce 16 thousand cars per annum is set to be built in the framework of the project on a land plot of 45…
DetailsAzerbaijani President Ilham Aliyev has signed an order to provide funding for the construction of Galagayin-Osmanli-Chol Beshdali-Zalgaraagach-Chol Agamammadli-Azadkend-Mugan Ganjali road in Sabirabad.
Under the presidential order, 14.4 million manats is allocated from the state budget for the construction of the road connecting 15 residential settlements with a total population of 41,000 people. (Trend/Business World Magazine)
According to the preliminary data, Belarus’ gold and foreign currency reserves totaled $6,561 million as of July 1, if calculated in accordance with methods of the International Monetary Fund, the Information and PR Department of the National Bank of the Republic of Belarus reported. In June the country’s gold and foreign currency reserves went up…
DetailsUkraine’s large and medium-sized crushers produced 16.2 KMT of margarine in May. Although its May output shrank by 17.3% MoM, the margarine market continues to persistently recover this year. Production increased by more than 22% YoY (13.2 KMT). Margarine output grew to over 90 KMT in the first five months of MY 2017. Thereby it…
DetailsIn 2016-2017 MY the export volumes of Ukrainian flour to African countries and the Middle East significantly increased. It is worth noting the increase in purchases by such countries as Somalia, which imported more than 30 thousand tons in July-May 2016-2017 MY, against 1.8 thousand tons in the whole previous season; Angola – over 28…
DetailsThere is an increased demand for Belarusian foodstuffs in Tula region of Russia, First Deputy Governor – Chairman of the Tula region government Yuri Andrianov reported. In Tula there are 52 stores selling Belarusian foodstuffs. Severn more stores offer Belarus-made consumer goods. All in all, there are more than 150 retail outlets selling Belarusian products…
DetailsDue to the constant delay in the adoption of important bills that are key to the International Monetary Fund (IMF) in deciding on the allocation of the next tranche, one of these tranches could be disbursed next year, Acting NBU Head Yakiv Smoliy said. “Due to the delayed consideration of important bills that were key…
DetailsIn January-May the foreign trade balance of Ukraine in goods and services reduced to a deficit of $1.647 billion, a decrease of 9.2% compared with the deficit figures for the same period last year ($1.813 billion), the National Bank of Ukraine (NBU) informed. It is noted that in the reporting period the deficit of foreign…
DetailsWith increased investments, Latvian farmers have managed to increase efficiency in the industry, a bank survey showed. According to the results of a survey performed by Swedbank, in 2017 farmers plan to invest money in grain dryers and towers, in updating machinery and buying agricultural land. “It is positive that farmers recognize that new technological…
DetailsJSC “Ukrzaliznytsia” offered customers a new mechanism to reduce the rolling stock shortage, in particular grain hoppers. “Ukrzaliznytsia suggests shippers to consider a possibility of increasing the number of rail cars by purchasing and subsequently providing them to Ukrainian Railways in financial leasing”, said the head of the board Wojciech Balczun. According to him “Ukrzaliznytsia…
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