Kazakhstan: two banks to merge

The shareholders of Kazakhstan’s Tengri Bank and Capital Bank Kazakhstan have signed a memorandum of intent to merge, the press-services of two banks said in a message on March 15. The bank’s consolidated capital will be 43.2 billion tenge and the bank will rise to the 17th place among second tier banks in Kazakhstan. Currently,…

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Ukraine not participating in PrivatBank’s arbitration against Russia in The Hague

Information that Ukraine is allegedly actively engaged in international court proceedings initiated by PrivatBank against the Russian Federation regarding the compensation of damage from the loss of the banking business and assets due to illegal Crimea annexation is false, the Finance Ministry of Ukraine has reported. “The Ukrainian State does not participate in the claims…

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Belarus: dairy farming practices praised

Belarus’ experience in dairy farming is great and is worth to learn from, Chairman of the National Union of Milk Producers Soyuzmoloko (Russia) Andrei Danilenko said. “There is no denying that Belarus has a number of objective advantages that enable its farmers to manufacture highly-competitive products in terms of prices. Firstly, Belarus has long been…

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Ukraine: sunoil facing heavy competition

The bumper sunseed crop Ukrainian growers managed to harvest in 2016 – 14 MMT (estimate) – predictably matters in the 2016/2017 season. Justifying expectations of analysts and market participants, both sunseed crushing and sunoil exports show a record pace. So, sunoil production by large and medium-sized crushers in the five months of 2016/2017 is estimated…

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Kyrgyzstan: EDB allocates $110 million to commission second unit of Kambarata HPP-2

The Ministry of Finance of Kyrgyzstan and the Eurasian Development Bank signed an agreement on granting an investment loan from the Eurasian Stabilization and Development Fund to finance the project “Commissioning of the second hydroelectric unit of Kambarata HPP-2” for $110 million. In addition to the construction and commissioning of the second hydrounit of the…

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Tajikistan: electricity rates for four categories raised

Tajikistan has raised electricity rates for four of eight categories of electricity consumers. By government’s decree issued on February 24, electricity rates have been raised for federally funded institutions, including public utilities and sports complexes, electric transport, pumping stations for mechanized irrigation and repair-and-production bases of the Agency for Land Reclamation and Irrigation under the…

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Kazakhstan: vegoil production down in January 2017

Kazakh production of refined and unrefined vegoils shrank to 24.6 KMT in January against 32.2 KMT a month earlier, Kazakhstan’s Statistics Agency reported.

Compared to January 2016, vegoil production gained 5.6%.

A total 325.3 KMT of vegoil was produced in 2016. (UkrAgroConsult/Business World Magazine)