As of March 1, the registered carry-over stocks of grains and pulses in Kazakhstan totaled 11.735 million tons, the Statistics Committee of the Ministry of National Economy of the Republic of Kazakhstan reported on March 21. In particular, peasant and farming households stored 2.483 million tons of grains. Wheat formed the major share of the…
DetailsGlobal Finance, an English-language international financial magazine, has named ASB Belarusbank the best bank on the Belarusian market for the fifth time. The information is posted on the website of the magazine. Global Finance magazine announced its annual awards for the World’s Best Banks last week. Among the honorees for Central and Eastern Europe it…
DetailsThe National Bank of Ukraine (NBU) due to the blockade of trade with the certain areas of Donetsk and Luhansk regions and the improvement of situation on foreign markets has revised macro indicators for 2017 and 2018, in particular, worsening the forecast for the growth of the country’s gross domestic product (GDP) for 2017 from…
DetailsAccording to preliminary information, Ukraine exported 840 KMT of wheat in February that is basically comparable with its exports in the same month last year (855 KMT). In total, the country supplied 13.56 MMT of wheat to foreign markets in the first eight months of the current season, or 14.5% more than at the same…
DetailsConstruction of a new central hospital has begun in the town of Aralsk. According to the press service of the Kyzylorda regional administration, akim (governor) of Kyzylorda region Krymbek Kusherbayev took part in the groundbreaking ceremony of the hospital. During the ceremony, governor Kusherbayev congratulated residents of Aralsk on Nauryz holiday and the onset of…
DetailsIn January-February, PJSC Ukrzaliznytsia, Ukrainian railways, transported 53.7 million tons of cargo, which is by 9% more compared with the same period last year, according to a report on the company’s website. In particular, Ukrzaliznytsia transported 26 million tons of cargo within the country, which is by 10.1% more than in January-February 2016, 6 million…
DetailsThe rail freight traffic between Belarus and Latvia increased by 15.9% in January-February, the press center of Belarusian Railways reported. “Head of Belarusian Railways Vladimir Morozov will meet with Latvian Railways President Edvins Berzins in Riga on March 23-24. The parties will discuss a number of topical matters of bilateral cooperation and review the results…
DetailsThis year the spring weather processes influencing the plant development started almost a month ahead of the multi-year average. According to meteorologists, the meteorological and actual resumption of winter crops growth happened on March 1-5 against the multi-year average of April 1-4. Last year their growth started on April 1. In general, winter crops have…
DetailsIn January-Februarythe port of Primorsk handled 10,932,600 tons of cargo (up by 6% YoY). According to the port authority, crude oil transshipment climbed by 9%, to 8,391,800 tons. Transshipment of oil products declined by 4% YoY, to 2,540,420 tons. Port Primorsk is Russia’s largest oil port in the Baltic Sea. It is the final stage…
DetailsTajikistan has expressed gratitude to Uzbekistan for humanitarian aid sent to disaster-affected people. According to the Uzbek MFA’s official website, the Uzbek Embassy in Dushanbe has received the letter of thanks from the Committee on Emergency Situations and Civil Defense under the government of Tajikistan for humanitarian aid sent by the Uzbek authorities to Tajikistan…
DetailsThe attraction of a European company to the management of the Ukrainian gas transport system (GTS) would allow the country to retain the status of a large natural gas transit country, Naftogaz Ukrainy Board Chairman Andriy Kobolev has said. “We again, as a team of Naftogaz, call on all parties involved in the discussion of…
DetailsPresident of Ukraine Petro Poroshenko says he expects that the average inflation in 2017 will not fall below a 10% mark. “Inflation, the burden of high prices is what people care about the most. I hope that this year it will be measured by a simple number below ten. Our joint task until 2019 –…
DetailsThe ceremony to launch the Garlyk mining and processing factory is scheduled to take place on March 31. Chairman of Belarus’ Council of the Republic Mikhail Myasnikovich and Deputy Prime Minister of Turkmenistan Batyr Ereshov discussed the plans in Ashgabat. The meeting was held as part of the working visit of Mikhail Myasnikovich to Turkmenistan…
DetailsIn January-February Big Port St. Petersburg handled 8.09 million tons of cargo (up by 7% YoY). According to the port authority, transshipment of oil products fell by 6%, to 1.24 million tons, dry bulk cargo – climbed by 15%, to 1.28 million tons, general cargo – by 8%, to 1.88 million tons, transshipment of Ro-Ro…
DetailsTajik civil aviation authorities propose Russia’s Yamal Airlines to operate flights out of Zhukovsky Airport to the Tajik southern city of Kulob instead of Dushanbe. Tajik authorities have sent an appropriate letter to the Russia air company, an official source at the Ministry of Transport of Tajikistan reported. “The Russian side is currently considering our…
DetailsAir Astana and Lufthansa enhanced their cooperation with the signing of a code share agreement, Air Astana press service reported. The code share agreement is valid on Air Astana’s flights between Astana and Frankfurt and Lufthansa’s flights from Frankfurt to Almaty and Astana with effect from March 26. The agreement allows for increased choice for…
DetailsIn January Azerbaijan increased wheat import 3.4-fold YoY, to 58.7 million tons, the State Statistical Committee of the Republic of Azerbaijan reported. According to the statistics data, the general cost of imported wheat to the country totaled $10.857 million (up 3.2 times). Also, in the reporting period Azerbaijan imported 1.426 thousand tons of vegetable oils…
DetailsBelarusians pay as much as 72% of the prime cost of electricity, Mikhail Malashenko, Deputy Chairman of the State Standardization Committee, Director of the Committee’s Energy Effectiveness Department, declared. “At present the population pays 72% of the prime cost of electricity and 17% of the prime cost of heating energy,” noted Mikhail Malashenko. In his…
DetailsThe direct work on implementation of the Dushanbe-Qurghon Teppa road rehabilitation project will start only after it is endorsed by Tajik parliament. Tajikistan’s lower house (Majlisi Namoyandagon) must ratify a finance agreement concluded between the government of Tajikistan and the Asian Development Bank (ADB). The ADB Board of Directors has approved $65.2 million in loan…
DetailsThe State Competition Committee received the World Bank mission in Uzbekistan to discuss small business support through the Small Business Development Guarantee Fund. Held under the World Bank’s Modern Economy-backed Job Expansion and Skill Development Project, the meeting reviewed small businesses’ efficiency and praised the setting up of the Guarantee Fund. Specialists said they were…
DetailsThe European Investment Bank (EIB) has provided the second senior loan of EUR 20 million to AccessBank. The loan will be utilized by AccessBank to provide financing to small and medium enterprises in Azerbaijan. Since AccessBank is a leading bank in Azerbaijan specialized in providing financial services to local micro and SME businesses in the…
DetailsUkraine’s Cabinet of Ministers has approved a project on construction of the second stage of Dnistrovska hydroelectric pumped storage power plant, consisting of unit 4. As reported, the hydroelectric generation development program until 2026 approved by government resolution No. 552-r dated July 13, 2016 envisages the start of construction of unit 4 in 2017 and…
DetailsIt is possible to reduce the cost of gas for the end-consumer by introducing a competition on the gas market and an energy efficiency reform, Deputy Prime Minister – Minister of Regional Development, Construction and Housing and Communal Services Hennadiy Zubko said during an Hour of questions to the government. “How can we reduce the…
DetailsShareholders of the Open Joint-Stock Company (OJSC) Tojik Sodirot Bonk (TSB), which is Tajikistan’s second largest commercial bank, will discuss the results of the bank’s activity and its further fate at an annual meeting of shareholders that will take place in Dushanbe on April 29. In accordance with the decision of the TSB Supervisory Board,…
DetailsRussian Lada cars are still the most popular brand in Kazakhstan, Kazakh Union of Automobile Industry Enterprises said in a message. In February official dealers in the country sold 467 Lada cars. Japanese Toyota was the second best seller in Kazakhstan with 465 cars sold in the reporting month. French Renault with 238 cars sold…
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