The National Commission for Energy, Housing and Utilities Services Regulation (NCER) has issued a natural gas supply license to Naftogaz Ukrainy gas supplying company LLC. The decision was made on July 4. Gaz Ukrainy, the subsidiary of Naftogaz Ukrainy, fully owns the limited liability company. Earlier Naftogaz Ukrainy Commercial Director Yuriy Vitrenko said that Naftogaz…
DetailsKazakh investor Arif Babayev has become the owner of Ukrainian Region-Bank renamed Sky Bank, the bank’s press service has reported. “The Kazakh investor bought universal bank Region-Bank with 26 year experience on the Ukrainian market renaming it Sky Bank and focusing on development of IT solutions,” the bank said on its website. “We are making…
DetailsState-owned companies bring UAH 87 billion in losses to the budget, Prime Minister of Ukraine Volodymyr Groysman said at a government meeting. “UAH 87 billion. If we add corruption and inefficiency to this, then we will have hundreds of billions hryvnias that are taken from Ukrainian citizens,” Groysman said. Therefore, he said that the government…
DetailsAccording to the Ag Ministry of Kazakhstan, the country exported 444.2 KMT of grain in May, up by 25.8% YoY. At the same time, flour exports totaled 153.9 KMT, down by 11.3% YoY (173.5 KMT). In 2017, Kazakh flour and grain exports lag behind last year. Kazakhstan shipped abroad 2114.6 KMT of grains for the…
DetailsAs of July 3, Ukrainian agrarians harvested 1.076 million tons of early grains and pulses throughout the areas of 337 thousand ha, or 4% of the plan. The average yield totaled 3.19 ton/ha, the Ministry of Agrarian Policy and Food of Ukraine declared. In particular, agrarians harvested wheat throughout 74 thousand ha. The production volumes…
DetailsRussian airline Pegas Fly is starting to operate flights from Moscow’s Zhukovsky International Airport to Baku from July 27, said a message on the airport’s website. The airline will operate regular passenger Zhukovsky-Baku flights three times per week until October 29. On Thursdays, departure from Moscow to Baku will take place at 10:45 local time…
DetailsThe absence of productive rain over a long time caused faster ripening of early cereals in the southern and central regions, along with premature drying of those planted after non-fallow predecessors. As a result, kernels failed to get filled: they are shriveled with a low 1000-kernel weight (23-35 g). As of today, winter wheat in…
DetailsTurkmenistan and Afghanistan enter new level of relations as Ashgabat has hosted the high-level talks between Turkmen President Gurbanguly Berdimuhamedov and his Afghan counterpart Mohammad Ashraf Ghani on July 3. Overall the top-level talks focused on the regional safety and bilateral cooperation. Particular attention in this regard was paid to the Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline.…
DetailsOn June 30 a grant agreement for “the Project for Improvement of Substations in Dushanbe” was signed between Tajikistan and the Japan International Cooperation Agency (JICA) in the amount of 2,190 million Japanese Yen (about $20 million), JICA Tajikistan Office reported. The document was reportedly inked by the Minister of Finance of Tajikistan Abdusalom Qurboniyon…
DetailsThe level of “shadow economy” in Ukraine last year amounted to 34% of GDP, decreasing by 6%, such preliminary figures have been posted by the Ministry of Economic Development and Trade. “All four methods, which are used to assess the level of the shadow economy, showed a decrease in the level compared to 2015,” the…
DetailsKharkiv International Airport increased passenger traffic by 51% YoY in January-June, to 364,100 people. According to a press release from the airport, in June it serviced 82,900 passengers, up by 37% YoY. “By the end of June, we can talk about the popularity of renewed summer flights to Burgas (Bulgaria, on Fridays), Tivat (Montenegro, on…
DetailsAccording to the official statistics figures, in May Kazakhstan shipped 13.3 thousand tons of wheat to Turkey, which exceeded the volumes shipped in April by 93%. At the same time, the export volumes reduced by 14% YoY. In July-May 2016-2017 MY Kazakhstan supplied 45.6 thousand tons of wheat to the country, down by 39% YoY…
DetailsThe State Oil Fund of Azerbaijan (SOFAZ) sold $373.2 million through currency auctions organized by the Central Bank of Azerbaijan (CBA) in June, SOFAZ said in a message on July 3. During the six months of 2017, SOFAZ sold more than $1.687 billion at currency auctions. In total, Azerbaijan’s banks bought around $4.92 billion from…
DetailsGermany’s REWE Group, developing the Billa supermarket chain in Central and Eastern Europe, does not plan to leave Ukraine. “Billa continues operating in Ukraine and would be successfully present on the Ukrainian market. We do not plan to leave Ukraine,” Rewe International AG, the subsidiary of the German concern, reported. The company confirmed that the…
DetailsCitizen of Belarus and Cyprus Viktor Prokopenya on June 30 submitted a package of documents to receive the approval of indirect acquisition of 100% of shares in the public joint-stock company Sberbank (Kyiv) via Paritetbank, Belarus to the National Bank of Ukraine (NBU), the press service of the central bank has reported. “At present the…
DetailsThe first flight from Tashkent to Issyk-Kul – to Tamchy airport will be performed on July 4, head of the Directorate for Investment and Infrastructure Development of Manas International Airport OJSC Abdimalik Busurmankulov said at a press conference. According to him, last year a lot of work was done to equip the airport in Tamchy.…
DetailsTurkmenistan plans to invest in textile production in Moldova’s Autonomous Unit of Gagauzia, the website of the Autonomous region said in a message. This issue was discussed within the meeting of governor of Autonomous Unit of Gagauzia Irina Vlach with Turkmen Deputy Chairman of Cabinet of Ministers and Foreign Minister Rashid Meredov within the meeting…
DetailsIn January-June Ukraine increased its gas consumption by 2% YoY, to 17.7 billion cubic meters, according to PJSC Main Gas Pipelines of Ukraine. “The production, totaling 10.3 billion cubic meters, shows a stable growth of 3%. The consumption grew by 2%,” reads the report. In addition, in the first half of this year, gas imports…
DetailsUkraine as of June 29 has threshed 313,900 tons of grain and leguminous crops from 95,000 hectares. According to the press service of the Agricultural Policy and Food Ministry, average yield is 33 hundredweights per ha. Some 28,000 tons of winter wheat were threshed on 10,200 ha with the yield of 27.5 hundredweights per ha.…
DetailsAshgabat hosted a meeting of the Intergovernmental Turkmen-Hungarian Commission for Economic Cooperation. During the meeting, special attention was paid to energy issues and the prospects of supplying Turkmen natural gas to Europe. The issues concerning the export of liquefied natural gas and products of gas chemical enterprises were also mulled at the meeting. The sides…
DetailsCompared to May 2016, total retail trade turnover rose by 3.8% in May 2017. Turnover of retail trade in food products increased by 2.4% and turnover of retail trade in non-food products grew by 4.8%. The most significant growth in turnover in the non-food product group was recorded in retail sale of information and communication…
DetailsPresidents of Uzbekistan and Turkmenistan, Shavkat Mirziyoyev and Gurbanguly Berdimuhamedov held a telephone conversation to review prospects to deepen the ties. Both sides noted with satisfaction the intensification of contacts at all levels, as well as actively implemented joint projects in trade and economic, transport-communication, energy, cultural and humanitarian and other spheres. A number of…
DetailsIn 2016 the average forest regeneration costs, depending on the forest land quality group, varied between 551 and 600 euros per hectare. In 2015, these costs constituted 620-687 EUR/ha. The forest regeneration costs include expenditure on soil preparation, small sapling expenses and planting costs, according to data from the Central Statistical Bureau of Latvia. In…
DetailsThe State Enterprise “Boryspil International Airport” must conclude an agreement with the Ryanair airline within the next two weeks, Infrastructure Minister of Ukraine Volodymyr Omelian stated. “The Lviv International Airport has already signed a contract with Ryanair, the contract between the Boryspil Airport and Ryanair will be signed within the next two weeks. We significantly…
DetailsDelta Bank based in Almaty city has announced it is shutting down its branches in 7 cities. The bank de-registered its branches in the cities of Atyrau, Aktobe, Uralsk, Karagandy, Taraz, Pavlodar and Petropavlovsk. Delta Bank was founded on September 1, 1993 in Aktau on the initiative of major oil and gas companies of West…
DetailsThe cost of construction of elevated bridges on the North-South road will amount to $28 million, head of the Technical Supervision Service Kubanychbek Ormonov declared. According to him, two elevated bridges with the length of 400 and 1,086 meters will be built across the Naryn River. “Construction of the first bridge will cost $7 million,…
DetailsAshgabat will host an exhibition of Chinese goods on July 4-6, the Turkmen government said in a message. Companies specializing in the production of electrical equipment, construction materials, agricultural and construction equipment will be represented at the exhibition. Chinese manufacturers will demonstrate metal and plastic, textile and carpet, as well as food products. Moreover, Chinese…
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