Uzbekistan: free economic zones for pharma firms created

President Shavkat Mirziyoyev singed a decree to create the free economic zones Nukus-pharm, Zomin-pharm, Kosonsoy-pharm, Sirdaryo-pharm, Boysun-pharm, Bustonlik-pharm, and Parkent-pharm, in efforts to draw investment to the pharmaceutical industry, produce high-quality medicine, boost Karakalpakstan, Djizzak, Namangan, Sirdarya, Surkhandarya and Tashkent’s industrial capacities, and create new jobs. With pharmacy bearing much importance, Uzbekistan has always paid…

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Ukraine: state-owned banks strategy to focus on settling problem of competition

A strategy for state-owned banks being designed will focus on settling the problem of competition between the financial institutions, first of all PrivatBank and Oschadbank (both based in Kyiv), Ukrainian Finance Minister Oleksandr Danyliuk has said. “Oschadbank is competing with PrivatBank. I cannot criticize managers of the two banks for competition: they are commercial structures,…

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Ukraine: electricity exports to Moldova and Eastern Europe to continue

In May Ukraine is expected to export 583 million kilowatt-hour of electricity to Moldova and Eastern European countries, according to the forecast balance of Ukraine’s integrated energy system for May. All types of electricity-generating facilities in Ukraine’s integrated energy system will produce 11.608 billion kilowatt-hour of electricity. Meanwhile, Energoatom National Nuclear Energy Generating Company of…

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Tajikistan: German bank provides 7 million euros for rural housing finance

Germany’s Kreditanstalt fur Wiederaufbau (KfW) will provide 7 million euros for the rural housing finance in Tajikistan. An agreement on this subject has been signed by Ms. Kristin Laabs, Country Director, KfW Development Bank Tajikistan, and Mr. Nematullo Hikmatullozoda, Minister of Economic Development and Trade of Tajikistan. The German and the Tajik governments reportedly agreed…

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Tajikistan: investment portfolio includes 68 projects totaling $2.85 billion

Tajikistan’s investment portfolio now includes 68 projects totaling 2.85 billion according to the State Committee on Investments and State-owned Property Management (GosKomInvest). Tajikistan’s investment portfolio, in particular, includes 25 grant based projects, 16 loan based projects and 27 mixed-finance projects. “More than $1.2 billion have been drawn in the framework of these projects since the…

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Ukraine: board chairman of insolvent Diamantbank claims banks has investor

The transition bank created on the basis of Diamantbank declared insolvent earlier would have enough attractive assets, and the bank had a potential investor, Diamantbank Board Chairman Oleh Khodachuk has said. “In four days after the introduction of interim administration the bank’s employees carried out titanic work resulted in submitting an application of a qualified…

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