PJSC Farmak pharmaceutical company will invest UAH 230 million in the development of projects in 2017, Farmak CEO Augustin Dubnicka has said. According to Dubnicka, at present the company uses and plans to use mainly own funds for the development of projects, although in the past the company used a certain amount of attracted resources.…Details
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Ovostar Union, a leading shell egg producer in Ukraine, saw $3.9 million of net profit in January-June, down by 56.5% YoY. According to a company report published on August 30, revenue over the period grew by 6%, to $36.5 million, while gross profit narrowed by 28%, to $8.5 million, and operating profit declined by 40%,…Details
This year’s September may turn out rather good for gardening and fruit harvest, predicts Latvian Rural Advisory and Training Centre’s senior gardening specialist Maris Narvils. He says there are currently no concerns for any sudden weather changes to impact fruit growers in the coming weeks. September may be rather beneficial to gardening work and fruit…Details
Ukraine: NBU allows providing hryvnia loans against collateral of foreign currency on customers’ accounts
The National Bank of Ukraine (NBU) has allowed banks to provide loans in domestic currency against the collateral of foreign currency on customers’ accounts. This has been reported by the press service of the central bank. “As part of further relaxations of anti-recessionary foreign exchange restrictions, the National Bank of Ukraine has allowed banks to…Details
Turkmenistan is developing a project for construction of a new gas chemical complex near the Kiyanly village of the country’s Balkan region. The complex is designed for processing 2 billion cubic meters of natural gas and 117,000 tons of sodium chloride. It will produce 390,000 tons of polypropylene, 200,000 tons of linear low-density polyethylene, 100,000…Details
Swedbank raised Estonia’s 2017 real growth forecast by 1.3%, to 3.5%, and next year’s forecast by 0.4%, to 3.2% in its latest economic outlook. In April the bank estimated that Estonia’s gross domestic product growth would total 2.2% this year, and 2.8% in 2018. The newly revised forecast is a lot more optimistic, though the…Details
The law that provides stricter language requirements for procurement of agriculture land is not discriminatory towards citizens of other European Union member states, says Latvian Agriculture Ministry, commenting on complaints submitted to EC center for setting conflicts Solvit by foreign businessmen in relation to the requirements imposed by Latvia on privatization of land. “According to…Details