Britain’s Crown Agents is replacing a number of medicines supplied under the project of public procurement of medicines for oncology adults and children by the 2015 state budget, the agency has said in a press release. At present, Crown Agents replaced 2,800 out of 17,000 packages of Methotrexate to treat child oncology that was procured…
DetailsUkraine boosted electricity exports by 59.5% YoY in January-June, to $136.4 million, according to Ukraine’s State Fiscal Service. Hungary accounted for 57.4% of electricity sales abroad, the share of Moldova was about 20.6% and that of Poland about 17.4%. In June Ukraine’s electricity exports to Hungary were estimated at $4.3 million, those to Poland at…
DetailsSlavkaliy will sell its products only via Belarusian Potash Company (BPC), Slavkaliy’s Chairman of the Board Mikhail Gutseriyev reported. When asked about possible cooperation with Uralkali, Mikhail Gutseriyev said: “We are going to work and sell only via Belarusian Potash Company. We are not going to compete with Belaruskali in any way.” According to Mikhail…
DetailsThe Free Economic Zone “Jizakh” held the ceremony of laying a capsule in the foundation of a new production complex of JV “Uzbekistan Peugeot Citroen Automotive”. A modern industrial complex designed to produce 16 thousand cars per annum is set to be built in the framework of the project on a land plot of 45…
DetailsAzerbaijani President Ilham Aliyev has signed an order to provide funding for the construction of Galagayin-Osmanli-Chol Beshdali-Zalgaraagach-Chol Agamammadli-Azadkend-Mugan Ganjali road in Sabirabad.
Under the presidential order, 14.4 million manats is allocated from the state budget for the construction of the road connecting 15 residential settlements with a total population of 41,000 people. (Trend/Business World Magazine)
According to the preliminary data, Belarus’ gold and foreign currency reserves totaled $6,561 million as of July 1, if calculated in accordance with methods of the International Monetary Fund, the Information and PR Department of the National Bank of the Republic of Belarus reported. In June the country’s gold and foreign currency reserves went up…
DetailsUkraine’s large and medium-sized crushers produced 16.2 KMT of margarine in May. Although its May output shrank by 17.3% MoM, the margarine market continues to persistently recover this year. Production increased by more than 22% YoY (13.2 KMT). Margarine output grew to over 90 KMT in the first five months of MY 2017. Thereby it…
DetailsIn 2016-2017 MY the export volumes of Ukrainian flour to African countries and the Middle East significantly increased. It is worth noting the increase in purchases by such countries as Somalia, which imported more than 30 thousand tons in July-May 2016-2017 MY, against 1.8 thousand tons in the whole previous season; Angola – over 28…
DetailsThere is an increased demand for Belarusian foodstuffs in Tula region of Russia, First Deputy Governor – Chairman of the Tula region government Yuri Andrianov reported. In Tula there are 52 stores selling Belarusian foodstuffs. Severn more stores offer Belarus-made consumer goods. All in all, there are more than 150 retail outlets selling Belarusian products…
DetailsDue to the constant delay in the adoption of important bills that are key to the International Monetary Fund (IMF) in deciding on the allocation of the next tranche, one of these tranches could be disbursed next year, Acting NBU Head Yakiv Smoliy said. “Due to the delayed consideration of important bills that were key…
DetailsIn January-May the foreign trade balance of Ukraine in goods and services reduced to a deficit of $1.647 billion, a decrease of 9.2% compared with the deficit figures for the same period last year ($1.813 billion), the National Bank of Ukraine (NBU) informed. It is noted that in the reporting period the deficit of foreign…
DetailsWith increased investments, Latvian farmers have managed to increase efficiency in the industry, a bank survey showed. According to the results of a survey performed by Swedbank, in 2017 farmers plan to invest money in grain dryers and towers, in updating machinery and buying agricultural land. “It is positive that farmers recognize that new technological…
DetailsJSC “Ukrzaliznytsia” offered customers a new mechanism to reduce the rolling stock shortage, in particular grain hoppers. “Ukrzaliznytsia suggests shippers to consider a possibility of increasing the number of rail cars by purchasing and subsequently providing them to Ukrainian Railways in financial leasing”, said the head of the board Wojciech Balczun. According to him “Ukrzaliznytsia…
DetailsThe Bellegrom Concern companies have signed some contracts worth a total of $112 million with their Russian partners during the fourth Forum of Regions of Belarus and Russia, according to Bellegprom’s official website. The forum comprised a fair that featured the products of 15 Bellegprom companies, namely Baranovichi Cotton Production Amalgamation, Lenta, Rechitsa Textile, Nadex,…
DetailsTashkent does not oppose the construction of the Roghun hydroelectric power plant (HPP), but national interests of Uzbekistan should be taken into consideration, Uzbek Foreign Minister Abdulaziz Kamilov noted during the direct dialogue while answering a question from resident of the Trans-Aral region during a live line in the International Press Club broadcast by O’zbekiston…
DetailsEnergy consumption in Kyrgyzstan increased, the National Electric Network of the Kyrgyz Republic reported. According to the operational data of the Central Dispatching Service NENK, electricity consumption in June was 763.14 million kilowatt-hours. The daily maximum power consumption reached 1,465 MW. The peak of daily maximum consumption was fixed on June 21 – 26.79 million…
DetailsAzerbaijani President Ilham Aliyev has signed an order to provide funding for the construction of Tartar-Seydimli-Garadaghli-Sarov road.
Under the presidential order, 7 million manats is allocated from the state budget for the construction of the road connecting 20 residential settlements with a total population of 24,000 people. (Trend/Business World Magazine)
Exports of Ukrainian agrarian products in January-May amounted to $7.513 billion and increased by almost 31% YoY. According to a press release from the Ministry of Agrarian Policy and Food, the key export commodity groups are grains with a 38.1% share of total agricultural exports, sunflower oil with 27.4%, and oilseeds with 8.6%. “The increase…
DetailsThe Council of the National Bank of Ukraine (NBU) considers it sufficient to raise the minimum charter capital of banks to UAH 200 million, according to the council’s report posted on the central bank’s website. “Today’s requirements to the size of the banks’ charter capital in the amount of UAH 200 million from July 11…
DetailsUber international technological company, the developer of the eponymous mobile application for calling cars with drivers, has expanded the service lines available for Kyiv residents and launched the UberBlack premium service. Uber General Manager for Ukraine, Azerbaijan, Belarus and Kazakhstan Alexei Stakh said that the service focused on clients who wanted to travel the city…
DetailsIn 2017, the production volumes of grains and pulses in Ukraine will decrease to 59.04 million tons (by 10.7% YoY), the Director of the National Scientific Center “Institute of Agrarian Economics”, Academician of the National Academy of Agrarian Sciences (NAAS) Yuri Lupenko said. According to the expert, reduction of the average yield of grains and…
DetailsHigh growth rates in the economy will be preserved in Kyrgyzstan at the expense of good external conditions. The monthly macroeconomic review published by the Eurasian Development Bank (EDB) contains such conclusions. It is noted that in January-May GDP growth slowed to 6.8%. In May there was also a decline in output in a number…
DetailsArricano Real Estate Plc (Cyprus), a managing company and developer of several shopping centers in Ukraine, is ready to buy one of the largest shopping centers in Kyiv – Sky Mall – from bank Pivdennyi (Odessa). The mall was transferred to ownership of the financial institution to pay a debt. The press service of Arricano…
DetailsNo plans have been made to introduce new taxes in Belarus in 2018, Belarusian Tax and Duties Minister Sergei Nalivaiko declared. According to the source, the Belarusian Tax and Duties Ministry abides by the effective moratorium on new taxes and on raising tax rates. There are no plans to introduce new taxes in 2018. Tax…
DetailsRepresentatives of Uzbekistan Airways and Turkmenistan Airlines have held meetings in Tashkent city regarding carrying out the flights between the capitals of the two countries, the press service of Uzbekistan Airways reported. The meetings were organized as part of the implementation of the memorandum of cooperation between Uzbekistan Airways and Turkmenistan Airlines signed in May…
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