According to the results of the first half of the year, First Ukrainian International Bank (FUIB) increased the amount of cash loans by 70% YoY. At the same time, the increase of the issuance of loans on the open market amounted to 190% – these are new customers of the bank. The average amount of…
DetailsUkraine has concluded 16 free trade agreements over the years of independence, covering 45 countries, according to a report posted on Facebook by Deputy Minister of Economic Development and Trade and Ukraine’s Trade Representative Natalia Mykolska. The most extensive free trade agreement was concluded between Ukraine and the European Union (Deep and Comprehensive Free Trade…
DetailsAccording to the preliminary data, Belarus’ gold and foreign currency reserves totaled $6,664 million as of August 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 July the country’s gold and foreign currency reserves went up…
DetailsOne more Kazakhstani air carrier will fly to Europe after obtaining a TCO authorization, the Civil Aviation Committee under the Ministry for Investment and Development of Kazakhstan has reported. The committee confirmed that Kazakhstani airline Comlux-kz LLC had received the TCO authorization from the European Aviation Safety Agency (EASA) and become the authorized third-country (non-EU)…
DetailsUzbekistan’s foreign trade turnover rose by 11.1%, to $12.072 billion in January-June, compared with the same period of 2016, the State Statistics Committee of the Republic of Uzbekistan reported. Uzbekistan has increased export operations by 13.1%, to $5.97 billion, imports – by 9.2%, to $6.102 billion. Foreign trade turnover with the CIS countries improved by…
DetailsUkraine’s Energy and Coal Industry Ministry did not see grounds to increase prices of electricity and it had designed a scheme foreseeing no increase in the prices of gas, minister Ihor Nasalyk has said. “If you speak about the further growth of electricity, I do not see the grounds to increase the price of electricity…
DetailsBelarusian agrarians have already cropped over 2 million tons of grain, the Agriculture and Food Ministry reported. As of August 6, Belarus’ grain harvest exceeded 2.1 million tons. Brest region harvested 684,700 tons, Gomel region – 480,800 tons. Minsk region and Mogilev region cropped 427,400 and 185,900 tons each. The harvest of Grodno region reached…
DetailsElectricity consumption increased in Kyrgyzstan in July, the National Electric Networks of Kyrgyzstan JSC reported. According to it, the electricity consumption in the country’s power system for July amounted to 813.03 million kilowatt-hours, and the daily maximum power consumption reached 1,521 megawatts. For comparison, in July 2016, this figure was 751.96 million kilowatt-hours, the daily…
DetailsBritish-based Stiletto Systems Ltd. jointly with Canadian-based MAGNUM and its division Waterbury Farrel are considering the possibility of participating in a tender of the Ministry of Economic Development and Trade to create a new manufacture of shooting and artillery ammunition in Ukraine. Head of Stiletto Ukraine Roman Karpenko said the British-Canadian alliance had practical experience…
DetailsTraders have bought about 300,000 tons of Ukrainian wheat to be delivered to India in September and October as the country imports wheat for a second year to meet a domestic shortfall. Seven ships carrying roughly 300,000 tons of milling wheat with a 11.5% protein are expected to load this month in Ukraine for India,…
DetailsAzerbaijan’s State Customs Committee transferred almost 1.4 billion manats to the state budget in January-July, up by 18.64% YoY, says the Committee’s report. The Committee transferred 256.6 million manats to the budget in July. Revenues from customs duties amounted to about 61.3 million manats, value added tax – 184.5 million manats, excise duty – 8.06…
DetailsBelarus does not import eggs from Europe, the Belarusian Agriculture and Food Ministry reported. “Belarus does not import eggs. The country is self-sufficient in this product. Moreover, we export approximately 60% of eggs we produce,” the ministry noted and added that Belarus did not export eggs to Europe. Therefore there are no Belarusian-produced eggs among…
DetailsBelarusian agrarians have already cropped over 1.5 million tons of grain, the Agriculture and Food Ministry reported. As of August 4, Belarus’ grain harvest exceeded 1.5 million tons. Brest region harvested 541,000 tons, Gomel region – 404,200 tons. Minsk region and Mogilev region cropped 263,500 and 100,800 tons each. The harvest of Grodno region reached…
DetailsLatvia’s retail trade volume this June, as compared with the same month of 2016, grew by 3.2%, which is slightly more than the average in the European Union, according to data from Eurostat. The most rapid retail trade growth in June was registered in Slovenia (+10.2%), followed by Croatia (+8.2%) and Slovakia (+8.1%). Estonia’s retail…
DetailsOpposition members of Riga City Council have decided to give Riga City Council Transport Department two weeks to improve the level of safety for traffic participants while repairs are being performed on the streets of the capital. If the transport department does not comply, the New Conservative Party reserves the right to request the dismissal…
DetailsCurrency reserves of the Central Bank of Azerbaijan (CBA) increased by approximately $870.2 million (by 21%) in July as compared to June 2016, and amounted to $5,033.1 million, according to the statistical data posted on the CBA website. CBA’s reserves increased by $69 million (by 1.4 %) MoM, while by $1,058.7 million (26.6%) since early…
DetailsCredit Rating agency announced the results of the rating action taken on bank deposit ratings assigned earlier to Ukraine’s banks. The agency confirmed grade 5 (highest deposit strength) of the bank deposit rating of First Ukrainian International Bank (FUIB). The rating was updated on July 28. According to the applied special-purpose rating scale the deposits…
DetailsThe public joint-stock company Ukrzaliznytsia intends to announce a tender to buy 1,000 more gondola cars in several days (along with tenders announced for 2,465 cars). The company seeks to build over 2,000 gondola cars at own production facilities, Ukrzaliznytsia Board Chairman Wojciech Balczun has said. “One of the investment priorities for us is freight…
DetailsGerman low-price store network Lidl entry into Latvia’s market will intensify competition for employees, said CEO of Latvian Association of Food Traders (LPTA) Noris Kruzitis. He said that all market participants were currently lacking employees. Kruzitis said trading was not the industry in which wage levels were high. This is why reviewing anything in the…
DetailsThe Belarusian state petrochemical concern Belneftekhim increased the export of goods by 8.2% in H1 2017, the concern reported following the meeting of its council to review the performance of the national petrochemical sector. According to Belneftekhim Chairman Igor Lyashenko, the concern met all the targets for foreign trade in goods and services in H1.…
DetailsThe friendly cooperation between the Republic of Korea (South Korea) and Turkmenistan will continue to expand, reassuringly said South Korean President Moon Jae-in in his letter to the Turkmen President Gurbanguly Berdimuhamedov sent on the occasion of the 25th anniversary of the establishment of diplomatic relations between the two countries. Moon Jae-in noted that during…
DetailsInsolvent banks’ assets worth UAH 644 million have been sold via ProZorro.Sales system in July, according to a report posted on the Deposit Guarantee Fund’s website. “We set several new own sales records over the month – almost UAH 668 million. This is the sum of sales per month, of which UAH 644 million are…
DetailsQazaq Air airline has announced the launch of a new regular Astana-Zhezkazgan flight, the company press service reports. “Every Saturday from August 19, the residents and guests of Astana will be able to travel to the “copper capital” of Kazakhstan on board a comfortable Bombardier Q400 NextGen. The lowest price for a 55-minute flight from…
DetailsAVK Confectionery LLC (Kyiv), one of the largest confectionery manufacturers in Ukraine, plans to develop a branded network of retail stores. According to the press service of the company, the official opening of the second store with a cafe in Dnipro took place on July 28. The store with a total area of 115 square…
DetailsNatural gas production in Ukraine rose by 3.2% YoY in January-July, to 12.044 billion cubic meters, Ukrtransgaz has said. Ukrgazvydobuvannia increased gas production by 3%, to 8.777 billion cubic meters, Ukrnafta reduced production by 9.2%, to 0.694 billion cubic meters and other companies increased production by 7.9%, to 2.573 billion cubic meters. In July alone,…
DetailsIn the opinion of specialists of the Center for Strategic Agricultural Studies, the Sumy National Agricultural University, profitability of winter rapeseed growing in Ukraine may reach 83%, while that of sunseed cultivation is expected at 79%, the Center’s director Oleksandr Maslak stated. “According to calculations for winter rapeseed growing, total farmer costs will reach UAH…
DetailsLatvia’s bread market has stabilized: demand for bread with high added value continues growing, some growth is also noted for traditional bread segments, according to analysts’ data. In Estonia and Lithuania, like Latvia, there was an increase in demand for high-quality bread. According to data from Nielsen, generally there is a slight decline (1%) on…
DetailsThe construction of a gas trunk line, called Line D, via Tajikistan to China is definitely positive for Turkmenistan, even if it makes the country that much more reliant on China, Andrew Neff, a principal analyst with the IHS Petroleum Sector Risk team, reported. Neff says that Turkmenistan is solely reliant on China in gas…
DetailsPresidents of Turkmenistan and Kyrgyzstan, Gurbanguly Berdimuhamedov and Almazbek Atambayev during a phone conversation confirmed the existence of great potential for boosting relations in a wide range of areas, including in the trade and economic sphere. The Turkmen government said in a message that the parties noted the expediency of working together to expand the…
Details1,800 out of around 1,900 big facilities are being built by the domestic enterprises in Turkmenistan. The priority direction of the construction materials industry is the cement production. Portland cement produced at the country’s plants is used in construction of the high-rise buildings and other facilities in the seismic zone. Furthermore, the production of oil-well…
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