Tajikistan: NBT predicts further price hike under pressure on the national currency’s exchange rate

The National Bank of Tajikistan (NBT) predicts further food price hike under the pressure on the exchange rate of the national currency, the somoni, against the dollar (USD). Tajik central bank forecasts that prices for imported food products will begin to rise starting from the second quarter (April-June). The NBT specialists say negative inflation expectations…

Details

Tajikistan to reduce wheat imports

According to forecasts of the UN Food and Agriculture Organization (FAO), in the following season (June-July) Tajikistan will import 1 million tons of wheat, which is below the annual average level for the country. In February-March the weather conditions in the agricultural regions of Tajikistan were favorable for development of winter crops. Precipitation was higher…

Details

Tajikistan: AKFED buys Tcell from Telia

The Aga Khan Fund for Economic Development (AKFED) has added another telecoms operator to its portfolio by buying Telia Company’s 60% stake in Tajikistan operator Tcell. AKFED already owned the other 40% and is reportedly paying just $27.7 million for the rest. AKFED owns Afghanistan’s Roshan mobile operator, which in turn also owns Smart Telecom,…

Details

Ukraine: Ukrzaliznytsia carries out no transportation in uncontrolled territories

PJSC Ukrzaliznytsia has stated it does not carry out any activity in the territory uncontrolled by Ukraine, the Ukrzaliznytsia department of information policy and public relations has said. “The company does not use rolling stock for any transportation in the occupied areas of Donetsk and Luhansk regions,” the statement said. Ukrzaliznytsia also notes there is…

Details

Tajikistan: company purchases 2000 cars from Kazakhstan to renew Dushanbe’s taxi fleet

Tajikistan will purchase 1,500 Peugeot 301s and 500 JAC S3s assembled in Kazakhstan in order to renew Dushanbe’s taxi fleet. Tajikistan’s Holding Asia Group Tajikistan and Kazakhstan’s AllurGroup have signed a memorandum of understanding on cooperation. Holding Asia Group Tajikistan will purchase 1,500 Peugeot 301s and 500 JAC S3s from AllurGroup. AllurGroup is expected to…

Details

Kazakhstan: economy gradually adjusting to oil price shock

The international rating agency Fitch Ratings has affirmed Kazakhstan’s Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDR) at ‘BBB’ with Stable Outlooks. The issue ratings on Kazakhstan’s senior unsecured foreign-currency bonds have also been affirmed at ‘BBB’, Fitch said. The Short-Term Foreign- and Local-Currency IDRs have been affirmed at ‘F2’. The Country Ceiling has been…

Details

Ukraine: BAU pork sales up in 2016

PJSC Bakhmutsky Agrarian Union (Donetsk region), a pork producing enterprise, in 2016 increased pork sales by 4.9% YoY, to 15,280 tons (live weight). According to a company report in the information disclosure system of the National Commission on Securities and the Stock Market, last year its net loss amounted to UAH 55.9 million against a…

Details