Ukraine: development of small, medium-sized businesses major impetus for economy

The development of small and medium-sized businesses would give a serious impetus to the development of the Ukrainian economy, Head of Press of the EU Delegation to Ukraine Jurgis Vilcinskas said at a workshop on cooperation between Ukroboronprom state concern and small and medium-sized businesses. “The small and medium-sized businesses in Ukraine produce three times…

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Uzbekistan: new bank to be created

Uzagroexportbank, a joint stock commercial bank, will be created in Uzbekistan to support manufacturers and exporters in the agricultural sector, according to the decree of the Uzbek President Shavkat Mirziyoyev. The founders of the newly established bank with an initial registered capital of 10 million euros will include the Fund of the Reconstruction and Development…

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Kyrgyzstan: recession overcome

The Kyrgyz government believes that the main result of 2016 was the overcoming of the deep recession of the national economy and the preservation of positive dynamics of economic growth, Minister of Economy of Kyrgyzstan Arzybek Kozhoshev said at a Cabinet meeting. According to him, from the beginning of the year, the economy showed a…

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Kyrgyzstan: capital outflow continues

Outflow of capital in January-September 2016 reached $161.3 million, the Minister of Economy Arzybek Kozhoshev said at a government meeting. According to him, economic decline and inflation in the countries – main trade partners (Russia, Belarus and Kazakhstan), were among the negative factors that affected the economy of Kyrgyzstan in 2016. In particular, inflation in…

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Ukraine: Turkish Airlines to add three more Kherson-Istanbul flights to summer 2017 schedule

Turkish Airlines will add three more flights on the Istanbul-Kherson route to the summer schedule totaling 10 flights per week. From March 26, flights between Kherson (Ukraine) and Istanbul (Turkey) will be operated in the morning and in the evening. Morning flights will be operated on Mondays, Tuesdays, Wednesdays, Thursdays, Saturdays and Sundays with departure…

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Uzbekistan: exporters contract for $55.6 million on Green Week

Uzbek exporters and regional and district khokims continue negotiations on exports to foreign countries, including European states, at Green Week, an international agricultural exhibition. On the fourth day, exporters met representatives of Central Investments Worldwide L.P. and Better International Trade (UK), GIZ (Germany), Avietes (Lithuania), Befresh (Israel), Greenfield Agro and Shri Niwas Dall & Besan…

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Uzbekistan: airways to launch new flights

Uzbekistan Airways announced it planned to launch flights to Dushanbe (Tajikistan) and Lahore (Pakistan) in 2017. The company is also working on flights to Mumbai (India) and Guangzhou (China). Director-General Valeriy Tyan said Uzbekistan Airways bought 4 more Boeing 787 Dreamliners and went ahead with Tashkent 4, a new passenger terminal expected to serve 1,500…

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Turkmenistan: Ashgabat hosts water coordination forum of Central Asia

Ashgabat hosted the next meeting of the Interstate Commission for Water Coordination (ICWC) of Central Asia. The ICWC is the body of five governments, which entrusted direct functions of water resources management and development and maintenance of sustainable natural and hydro ecological processes on transboundary water resources to the ministries (State Committees, Departments) of water…

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Tajikistan: wheat imports up in 2016

In 2016 the imports of wheat to Tajikistan totaled over 1.34 million tons, up by 16.9% YoY. Kazakhstan was the main country-supplier of wheat, the Head of the Antimonopoly service at the Government of Tajikistan Sajdi Kodirzoda said. Also, in the reporting period Tajikistan imported nearly 88.8 thousand tons of flour (the average price totaled…

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