Board Chairman of PJSC Ukzaliznytsia Wojciech Balczun says that UAH 2.5 billion is planned to be invested in Lviv Railways in 2017. Speaking at a press conference in Lviv, Balczun stated that “a portion of these funds will be spent on infrastructure, another portion – on upgrading the rolling stock”. In particular, he noted that…
DetailsIn six years, the trade turnover between Kyrgyzstan and the United Arab Emirates amounted to $520.7 million, the Minister of Economy of the Kyrgyz Republic Arzybek Kozhoshev announced on May 24 at the Kyrgyz-Arab business forum. According to him, Kyrgyzstan attaches special importance to the development of relations with the UAE. Bilateral relations are on…
DetailsIn the first fortnight of May, Ukraine’s retail prices for socially important products increased, namely the prices for the so-called “borsch” vegetables and meat, the Economic Discussion Club reports. “Potatoes and “borsch” vegetables showed a record growth in prices again. Over the first twenty days of May, consumer prices for these products have increased as…
DetailsAs of April 1, Tajikistan’s external debt amounted to $2.2843 billion, $2.1078 billion of which is state debt, according the Ministry of Finance (MoF) Secretariat. Government-guaranteed debts amount to $23.3 million. Debts of state-owned enterprises without government guarantees have reached $31.5 million. The debts of the National Bank of Tajikistan (NBT) now amount to $12.6…
DetailsCompared to March, the level of producer prices in Latvian industry grew by 0.1% in April. The prices of products sold on the domestic market increased by 0.5%, whereas the prices of exported products dropped by 0.2%. The prices of products exported to euro area countries decreased by 0.2% and of products exported to non-euro…
DetailsIn January-April water transport of Ukraine carried 3,000 passengers, down by 3.3% YoY. According to the State Statistics Committee, total passenger turnover in Ukraine climbed by 0.3%, to 1.540.8 million passengers. (Portnews/Business World Magazine)
DetailsThe National Bank of the Republic of Belarus (NBRB) plans to ramp up the gold and forex reserves to $8-8.5 billion, First Deputy Chairman of the NBRB Board Taras Nadolny said during the roundtable meeting “Belarus’ Banking Sector: Recovery Round the Corner”. “There is every reason to expect this. We have been making positive interventions…
DetailsSladkaya Strana, a subsidiary of the Belarusian confectionery Vitba, is expanding into the markets of Russia and Ukraine. Pilot batches of biscuits have been sent to the trading networks of these countries, Sladkaya Strana Director Khachatur Arzumanov said. “We are looking for foreign markets. Not long ago we shipped trial batches to the trading networks…
DetailsState-run PrivatBank (Kyiv) has not yet been notified of a lawsuit lodged by eurobond holders with the London Court of International Arbitration (LCIA) against a forced swap of their securities for shares of an additional issue of the bank (the so-called bail-in procedure), Chairman of the bank’s board Oleksandr Shlapak has said. “We have not…
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