Azerbaijan’s Kapital Bank is increasing its authorized capital by 40 million mantas, to 225.85 million manats, said a message posted on the ESID (Electronic System for Information Disclosure) portal. For this purpose, the bank has issued 3,228,410 shares worth 12.39 manats each. Kapital Bank, being the legal successor of “Sberbank”, has more than 140 years…
DetailsIn June the highest level of average monthly salaries totaling UAH 9,774 was recorded in Donetsk region, according to the Economic Development and Trade Ministry. “The average nominal wage in Ukraine in June made up UAH 9,141, up 2.5-fold from the minimum wage and by 24.2% YoY,” reads the report. Among the most highly paid…
DetailsThe state-owned power generating company Centrenergo in the first half of 2018 reduced net profit by 78.3% YoY, from UAH 2.019 billion ($75.8 million) to UAH 439.3 million ($16.5 million). Net income from sales amounted to UAH 7.97 billion over the period under review, up by 32%, according to a company announcement in the National…
DetailsBelarus plans to export agricultural products worth $100 million to China in 2018, Belarus’ Deputy Prime Minister Mikhail Rusy declared. “Last year we exported $17 million worth of agricultural products to China. We believe that this is not enough as the market is very big. We aim for $100 million in agricultural exports to the…
DetailsThe economic growth of Tajikistan in January-June accelerated to 7.2% compared to 6% in the same period of 2017, chairman of the Tajik National Bank Jamshed Nurmahmadzoda said. In nominal terms Tajikistan’s GDP in January-June amounted to 27.7 billion somoni (over $3.02 billion), according to Reuters. Inflation in the consumer sector slowed to 0.9% in…
DetailsAzerbaijan may increase wine exports 2-fold by the end of 2018, Chairman of the Azerbaijan Wine Producers and Exporters Association Elchin Madatov declared. “The export of Azerbaijani wine products exceeded $4 million in the first half of 2018, up by 80% YoY,” Madatov said. “By the end of 2018 we expect a 100% increase in…
DetailsGnidava Sugar Refinery continues to modernize production. The installation of “Babbini” beet pulp presses is in the final stage. The equipment is intended for pulp spinning after diffusion, the deputy chairman of the investment board Glib Galkevych reported. “Two thirds of equipment have already been installed, we begin to bring it all in operation. We…
DetailsThe Cabinet of Ministers has left unchanged the price of gas for the population until September 1. The decision was made at a government meeting on July 26, according to the government portal. “The government has extended until September 1 the effect of resolution No. 187 on the approval of the clause on the imposition…
DetailsCompared to May the level of construction costs in Latvia grew by 0.4% in June. Labor remuneration of workers grew by 0.6%, prices of building materials – by 0.5%, but maintenance and operational costs of machinery and equipment – by 0.1%. In June the average level of construction costs was mostly affected by an increase…
DetailsAzerbaijan’s NIKOIL Bank and non-bank credit organization TBC Kredit (subsidiary of Georgian TBC Bank) are holding negotiations on the merger. To this end, both parties have signed an agreement on strategic partnership. A source close to the negotiations said that it was too early to talk about the actual merger, because there were still a…
DetailsAbout 40 builders of Osh-Batken-Isfana road in Batken region went on a strike because of non-payment of wages. The protesters demand payment of the wage arrears for four months. The Ministry of Transport and Roads said that the problem would be solved in the coming days. Funds will be transferred to the account of the…
DetailsKernel Holding boosted sales of bulk sunflower oil to 1.301 million tons in FY 2018 (July-June), up by 20.1% YoY. Sales of bottled sunflower oil fell by 9.7%, to 118.6 million liter. The holding processed 3.136 million tons of sunseed in the reporting period, up by 6%. Kernel stepped up bulk oil sales by 37.3%…
DetailsPJSC Ukrzaliznytsia has invested into the development of the company almost UAH 3.5 billion raised this year from the indexation of tariffs for freight, Acting Head of the Board of Ukrzaliznytsia Yevhen Kravtsov stated at a meeting with representatives of shipping companies, the press service of Ukrzaliznytsia reports. “Ukrzaliznytsia, as promised, fulfills its obligations to…
DetailsBelarus’ Health Ministry expects an increase in the export of medical services in the wake of the extension of visa-free entry, Dmitry Kalistratov, head of business, pricing and state property at the Health Ministry, reported. According to him, the export of medical services increased significantly once the country launched a five-day visa-free program. In some…
DetailsIn order to ensure uninterrupted power supply during the 3rd World Nomad Games, the Issyk-Kul branch of the National Electric Network of Kyrgyzstan is carrying out measures for the reconstruction of 110 kV substation Grigoryevka, the press service of National Electric Network of the Kyrgyz Republic JSC reported. The power supply for the 3rd World…
DetailsThe Russian rating agency ACRA is forecasting the growth of Azerbaijan’s economy in 2018 at 1.5% with further acceleration of GDP growth to 3.2% in 2022, the agency’s report for Azerbaijan says. The agency noted that after the economic recession in 2016 and nominal growth of 0.1% in 2017, the economy of Azerbaijan began to…
DetailsThe payment of pensions in July has been delayed due to a deficiency in cash receipts of a single social contribution, the Pension Fund of Ukraine posted on its website. “Following numerous requests about the delay in pension payments in July, the Pension Fund informs that changes in the payment schedule are due to a…
DetailsNet sales of cash foreign currency by Ukrainians through the banking system amounted to $268.7 million in June. In June the banks sold $947.8 billion in cash currency and bought $679.1 million, according to the National Bank of Ukraine (NBU) website. In January-June Ukrainians sold $1.235 billion more in foreign currency than they bought. (UNIAN/Business…
DetailsCommercial banks still have the largest segment in Latvia’s finance and capital market – 84% of the sector’s assets, according to data from Finance and Capital Market Commission. According to FCMC report from 2017, as a result of changes in the finance sector, the volume of foreign clients’ deposits in Latvian banks declined 30% in…
DetailsThe beekeepers of the North Kazakhstan region intend to collect 1,000 tons of honey this year, Head of the Association of Beekeepers Oleg Gavrilov told governor Kumar Aksakalov. “In view of the number of bee packages delivered, this year we can collect 1 thousand tons of honey. Last year we collected approximately 300 tons of…
DetailsThe Agriculture and Food Ministry of Belarus is holding talks with the Federal Service for Veterinary and Phytosanitary Surveillance of Russia (Rosselkhoznadzor) to settle issues over supplies of champignons, the ministry reported. “Director of the Main State Inspectorate for Seed Production, Quarantine and Plant Protection of the Agriculture and Food Ministry Alexander Piskun is in…
DetailsThe National Bank of Ukraine (NBU) has introduced changes in tariffs on organizational services and other types of services (operations) carried out by the central bank. The increase in tariffs for banks took place from July 24 for budgetary institutions (including the State Treasury), while for banks being under liquidation and the Deposit Guarantee Fund…
DetailsOver five months of 2018 Ukraine has exported 50,138 tons of poultry meat to the EU countries. Ukraine is third largest poultry meat supplier to the European Union. In addition, the exports increased by 90% compared with the same period in 2017. Ukraine follows Thailand (123,894 tons since the beginning of the year) and Brazil…
DetailsPossible supplies and joint production of Belkommunmash electric buses were discussed during a visit of the company’s delegation led by Director General Vladimir Korol to Egypt, the Belarusian embassy in Egypt reported. Belkommunmash representatives met with the authorities of the Ministry of Trade and Industry, the Military Industry Organization of Egypt, the Alexandria Passenger Transportation…
DetailsTallinn Mayor Taavi Aas (Centre) has said that the proposed Reidi Road (Reidi Tee) in central Tallinn has more supporters than opponents. The new road, which is planned to service the Tallinn harbor area and is to run along the seafront towards the Russalka Monument in Kadriorg, has drawn criticism from environmentalists and others. However,…
DetailsTen Lithuanian meat-processing companies have been given the green light for exporting chilled and frozen beef and pork and beef and pork products. The Lithuanian State Food and Veterinary Service said that it had received confirmation from Hong Kong’s competent authority. The ten companies are Utenos Mesa, Agaras, Krekenavos Agrofirma, Pajurio Mesine, Agrovet, Biovela’s meat…
DetailsThe United States accounted for the largest share of small arms exports from Ukraine in 2017. A report on Ukrainian-made arms exports was posted by the State Export Control Service of Ukraine. According to the report, Ukraine last year sold 15,040 assault rifles and submachine guns to the United States, while 2,000 pieces of light…
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