Tajikistan: Russia to take inductive measures over ban on Yamal Airlines flights

The Russian Ministry of Transport threatens to take inductive measures against Tajikistan over a ban on Yamal Airlines flights to Dushanbe from Zhukovsky Airport. The Ministry of Transport of Russian will take all necessary measures to make the Tajik authorities coordinate flights to Dushanbe from Zhukovsky Airport, Russian Minister of Transport Maxim Sokolov said. He…

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Uzbekistan: Uzbekneftegaz and KazMunayGas to cooperate

KazMunayGas and Uzbekneftegaz signed a cooperation agreement to jointly develop oil product marketing and logistics, set up crude oil supply to Uzbekistan, and ensure oil transit across Kazakhstan. Uzbekneftegaz also signed a memorandum of understanding with Kazakhstan’s energy ministry to cooperate in oil and gas industry. According to KazMunayGas, KazTransOil pipelines may be reconstructed and…

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Uzbekistan: Uzbekipaksanoat silk association set up

Historically important, Uzbekistan’s silk sector has seen structural reforms since independence, attracting foreign investment, upgrading production techniques, and expanding production. Boasting good natural conditions, Uzbekistan has 80 million plants and 51,000 hectares of plantations, producing 26,000 tons of cocoons. The silk sector has been stunted in recent years by falling demand worldwide and outdated production…

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Ukraine: FUIB participating in the development of a map of banking professions

Center “Development of Corporate Social Responsibility”, First Ukrainian International Bank and Ukrsibbank BNP Paribas Group signed a memorandum on cooperation in the implementation of the educational project “Your Future in the Banking sector”. Within the framework of the project, a detailed map of banking professions will be developed, a web portal for free access to…

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Ukraine: peas exports up in 2016-2017

According to the official statistics figures, during eight months of the season-2016/2017 (July-February) Ukraine exported 308.7 thousand tons of peas, up 1.8-fold and 2.2-fold compared with the same period in 2015/2016 and 2014/2015 MYs – 169 thousand tons and 140 thousand tons respectively. In the current season, India became the main importer of peas from…

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Ukraine: Oschadbank raises EUR 8 million and UAH 50 million from GUF to finance micro, small and medium business

State-controlled Oschadbank (Kyiv) has attracted credit resources from the German-Ukrainian Fund (GUF) in the amount of EUR 8 million and UAH 50 million to finance micro, small and medium-sized businesses. According to a bank press release, the parties signed the relevant credit agreements within the framework of the memorandum on strategic partnership and cooperation on…

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Ukraine: Kherson region to get $250 million worth of investments due to new alternative energy facilities

In 2017, Kherson region is expected to raise investments worth $250 million thanks to building new alternative energy facilities within its area, Kherson Regional State Administration Head Andriy Hordeyev has stated in a report on the administration’s management performance for 2016. “In 2017, thanks to new energy facilities, we expect to reach 250 megawatts of…

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