Ukraine: FUIB takes second place in the nomination “Support of SMEs” in the Financial Oscar-2017 rating

First Ukrainian International Bank (FUIB) took leading positions in the Financial Oscar rating by the magazine “Business” according to the results of 2017. Thus, FUIB turned out to be one of the leaders in the nomination “Support of SMEs”, ranking second in the rating. It entered TOP-3 in the “Agrarian Bank” category, receiving the second…


Ukraine: 40% of economy in shadow

Ukrainian Social Policy Minister Andriy Reva says 40% of Ukraine’s economy remains in the shadow, therefore the developed countries’ standards of solving economic problems cannot be effective in Ukraine, while de-shadowing will bring more money to the wage fund than the actual economic growth. “This was proved by the government in 2017. The entire wage…


Belarus: farm exports up in January-February 2018

In January-February Belarus’ farm exports rose by 7.4%, Aleksei Bogdanov, Head of the Central Office for Foreign Economic Activities of the Belarusian Agriculture and Food Ministry, said at the Dairy Belarus international forum. “In January-February the Belarusian agricultural industry expanded by 7.4% over January-February 2017. The trade reached $765 million. We recorded the growth in…


Azerbaijan: major bank creates investment company

Azerbaijan’s Bank BTB has created a BTB Kapital investment company.

The authorized capital of the company is 350,000 manats. The official representative of the company is Rustam Jafarov.

Presently, five investment companies with a total turnover of 4.3 billion manats operate in Azerbaijan.

Bank BTB has been operating in Azerbaijan since 2010. (Trend/Business World Magazine)

Turkmenistan: development of economic co-operation discussed with Romania

The Ministry of Finance and Economy of Turkmenistan and the Ministry of Economy, Commerce and Business Environment of Romania have signed a memorandum of understanding on cooperation in the economic sphere. The document was signed in Ashgabat as part of the seventh meeting of the joint Intergovernmental Turkmen-Romanian Commission for Economic, Scientific and Technological Cooperation.…


Ukraine: Ukrzaliznytsia reports UAH 100 million net profit in 2017

Ernst & Young auditing company confirms that PJSC Ukrzaliznytsia has improved its financial results and achieved profitable growth, according to Ukrzaliznytsia acting Board Chairman Yevhen Kravtsov. In a post on his Facebook page, Kravtsov wrote: “One of the world’s best auditing companies has confirmed the right direction and implementation of the strategy for reforming PJSC…


Tajikistan: cement production up in Q1 2018

Over 782,400 tons of cement were produced in Tajikistan in the first quarter of this year. The volume of cement production increased by 356,000 tons compared to January-March of the previous year, according to the profile departments of the country’s economic bloc. Taking into account the implementation of new infrastructure projects, construction of residential houses,…