Ukraine: key risks of banks low operation efficiency of state-owned banks and low quality of assets

The key risks of the Ukrainian banking sector are low operation efficiency of state-owned banks and low quality of their assets, according to the banking sector review published by the National Bank of Ukraine (NBU) on its website. “Largest state-owned banks require the radical change of their business models and designing long-term development strategies. The…

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Ukraine: Ukroboronprom and MKEK to cooperate in creation of ammunition

The Ukroboronprom State Concern and Turkey’s MKEK (Makina ve Kimya Endustrisi Kurumu) operating in machine and chemical industry will establish cooperation under the ammunition development program, the press service of the concern reported on May 10. According to the report, the cooperation agreement between MKEK and Ukroboronprom’s Artem state-owned joint-stock company and state-run foreign trade…

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Ukraine: new airline to be set up

A new airline will be set up soon in Ukraine, which is expected to compete with the Ukraine International Airlines (UIA), Ukrainian Infrastructure Minister Volodymyr Omelian said. “I hope that another airline will be set up in Ukraine this year, which will become a worthy competitor to the UIA. In this case, we will regain…

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Belarus: road construction companies invited to build motorway in Turkmenistan

Belarusian road construction companies have been invited to participate in building a motorway in Turkmenistan. Deputy Prime Minister of Belarus Anatoly Kalinin made the statement after the session of the Belarusian-Turkmen intergovernmental commission on economic cooperation in Minsk on May 10. Anatoly Kalinin said: “We have agreed to advance our cooperation in transportation by rail…

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Belarus to help build second potash mining factory in Turkmenistan

Belarus may be involved in the construction of the second potash mining factory in Turkmenistan, Deputy Prime Minister of Belarus Anatoly Kalinin said during the session of the Belarusian-Turkmen commission on economic cooperation on May 10. The deputy prime minister reminded that the Garlyk mining and processing factory was commissioned in Turkmenistan a short while…

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Ukraine: regulator permits uniting all physical GTS entry points from gas producer into one virtual point

The National Commission for Energy, Housing and Utilities Services Regulation (NCER) has permitted uniting all physical gas transport system (GTS) entry points from a gas producer into one virtual point. The decision is outlined in the NCER resolution No. 615 dated April 28, published in the Uriadovy Kurier newspaper on May 10. According to the…

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Turkmenistan to build highway to Kazakh border

The plans on construction of the Turkmenbashi-Garabogaz-Kazakhstan border highway with a length of 242 kilometers were revealed at the Turkmen government meeting. President of Turkmenistan Gurbanguly Berdimuhamedov ordered to study the issue of construction of this route, which would become the continuation of the Ashgabat-Turkmenbashi high-speed multimodal highway. The construction of the border highway will…

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Azerbaijan: economy to grow in 2018

The European Bank for Reconstruction and Development (EBRD) has forecast a 2% growth of Azerbaijan’s economy in 2018, according to the EBRD’s updated Regional Economic Prospects report. The bank forecasts Azerbaijan’s economy to contract by 0.5% in 2017, according to the report. After a brief period of volatility in the beginning of 2017, the Azerbaijani…

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Ukraine: buckwheat planting started

Agrarians of Ukraine started planting buckwheat. As of May 5, the planted areas reached 18 thousand ha, or 13% of the plan, the Ministry of Agrarian Policy and Food of Ukraine declared. Also, Ukrainian agrarians planted spring grains and pulses throughout the areas of 5.497 million ha, or 76% of the forecast, down by 343…

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Kyrgyzstan: completion of Tamchi-Cholpon-Ata road construction requires 726.9 million soms

At least 726.9 million soms are needed to complete the construction of Tamchi-Cholpon-Ata road, the Ministry of Transport and Roads of the Kyrgyz Republic reported. 212 million soms are provided for the reconstruction of Balykchy-Tamchi-Cholpon-Ata-Korumdu road according to a list of facilities and construction projects financed from the republican budget and approved on February 15.…

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