The first five tractors Belarus-320.4 by Bobruisk Plant of Tractor Parts and Units (BZTDiA trademark) have been shipped to Russia’s Sakhalin region within the framework of the Far East Hectare program, the marketing department of the plant reported. The tractors were sent under the state support program. The recipients are five residents of Tymovsky district…
DetailsGas pumping from Ukraine’s underground gas storage facilities this heating season is 3.27 billion cubic meters, down by 19% YoY (4.07 billion cubic meters), the press service of Naftogaz Ukrainy has reported. “Gas pumping from underground gas storage facilities this winter is 19% less than last winter (and 45% less than in 2014/2015 season). This…
DetailsBelarus President Alexander Lukashenko has approved a draft agreement between the government of Belarus and the government of the Hong Kong Special Administrative Region of the People’s Republic of China on the avoidance of double taxation and prevention of income and capital tax evasion as a basis for further talks. Corresponding decree No. 6 dated…
DetailsThe World Bank (WB) has increased its forecast for Kazakhstan’s GDP growth for 2017. According to the WB January 2017 Global Economic Prospects report, real GDP growth in Kazakhstan will amount to 2.2% in 2017. The WB also forecasts Kazakhstan’s GDP growth to recover to 3.7% in 2018 and to 4% in 2019. The forecast…
DetailsReal GDP growth of Uzbekistan will amount to 7.4% in 2017, according to the January 2017 Global Economic Prospects report of the World Bank (WB) published on its website. The WB expects that Uzbekistan will keep economic growth at 7.4% also in 2018 and in 2019 given stabilization of commodity prices. In June last year…
DetailsHolders of eurobonds of the nationalized PrivatBank (Dnipro) seek to challenge the forced exchange of their securities to the additionally issued shares in the London Court of International Arbitration (LCIA). Dechert law firm acts as advisor to the bondholders. The holders of the bonds, including First Geneva Capital Partners, Pala Assets and Pioneer Investment Management,…
DetailsGDP growth rate in Turkmenistan will amount to 6.5% in 2017, according to the January 2017 Global Economic Prospects report of the World Bank (WB) published on its website. Turkmenistan will also increase the economy’s growth by 6.8% in 2018 and by 7% in 2019, according to the WB forecasts. GDP growth rate in Turkmenistan…
DetailsThe National Anti-Corruption Bureau of Ukraine (NABU) is investigating into crimes committed by some banks that removed refinancing loans abroad, NABU Director Artem Sytnyk has said. “We have a criminal case concerning some banks that removed the refinancing funds abroad, including via Austrian banks and eventually to offshore companies”, he said. He did not disclose…
DetailsIn January-December 2016 seaports of Ukraine handled 131.998 million tons of cargo (-8.9%), says press center of Ukrainian Sea Ports Authority. Transshipment of export cargo totaled 100.395 million tons (- 3.3%), imports – 16.013 million tons (- 10.8%), transit – 10.370 million tons (-34.8%), inland traffic – 5.220 million tons (- 23.7%). State stevedores under…
DetailsProduction of milk and cream for baby food increased by 52% YoY during the first 11 months of 2016. The increase was reasoned by the promotion of baby food production and development of the draft law on baby food. This is reported by the press service of the Agrarian Policy and Food Ministry of Ukraine.…
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