The international rating agency StandaS&P Global Ratings has affirmed its ‘D/D’ long- and short-term issuer credit ratings on Kazakhstan-based Delta Bank, the rating agency said in a message. At the same time, the agency affirmed the ‘D’ Kazakhstan national scale rating. S&P also affirmed its ‘D’ issue-level ratings on its senior unsecured bonds. “The affirmation…
DetailsUkrainian Prime Minister Volodymyr Groysman has discussed the establishment of production in Ukraine with Skoda Auto Board Chairman Bernhard Maier. The press service of the Ukrainian government reported on April 4, that Skoda Auto in cooperation with its local partner – Eurocar – had been manufacturing a wide range of Skoda cars since 2002. “Now…
DetailsGermany’s KfW bank will provide UAH 300 million to Ukraine to support financing of small and medium-sized enterprises (SME). According to a press release of the German-Ukrainian fund (GUF), the agreement was signed by the National Bank of Ukraine (NBU), Finance Ministry of Ukraine and KfW in Kyiv on April 4. Deputy Head of GUF…
DetailsThe World Bank has maintained a moderate forecast for the growth of Ukraine’s gross domestic product (GDP) in 2017 at a rate of 2%, World Bank Director for Ukraine, Belarus and Moldova Satu Kahkonen has said at a briefing in Kyiv. “If the reforms are accelerated in the next two years, the growth will be…
DetailsTEZ JET plane failed to take off from Bishkek to Osh on schedule because of a technical problem, the State Agency of Civil Aviation reported. Autopilot breakdown was detected when the aircraft entered the runway, so it was decided to return the aircraft to its original position. In its turn, the company clarified that the…
DetailsThis year Kazakhstan will export 60,000 tons of wheat bran to China, Vice Minister of Agriculture Gulmira Issayeva reported during a briefing in Kazakh government on April 3. “Signing of the protocol means that our countries’ border checkpoints will receive a certificate that authorizes delivery start. In fact, we can start delivery already today. The…
DetailsKyrgyzstan needs a fair distribution of income and a sharp increase in GDP in order to improve its position on the world stage, the President Almazbek Atambayev announced at the meeting of the National Council for Sustainable Development on April 3. According to him, the state pays a lot of attention to the country’s food…
DetailsAccording to preliminary data of Kyrgyzhydromet, the inflow in 2017 will amount to 124%. In July-August, the volume of Toktogul reservoir will reach the design mark of 19.5 billion cubic meters. According to Electric Stations JSC, it is planned to export electricity. During the heating period of 2017-2018, the Bishkek Heating and Power Plant will…
DetailsThe Turkmen chemical industry is one of the fastest growing sectors of the national economy. The biggest mining and processing complex for the potash fertilizer production in Central Asia was built in the Turkmen Lebap region. The big industrial complexes for the carbamide and ammonia production are being built in the country. Earlier, it was…
DetailsKazakh National Wealth Fund Samruk-Kazyna plans to invest 121 billion tenges in the development of growing companies in 2017 to catalyze new industries and contribute to modernization of the economy. It is envisaged by the fund’s Development Plan for 2017-2021 approved by the Board of Directors of Samruk-Kazyna, the fund said in a message on…
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