The owner and president of DCH Group Oleksandr Yaroslavsky has submitted a package of documents to the National Bank of Ukraine (NBU) seeking the approval of the acquisition of Prominvestbank (PIB, Kyiv), Deputy NBU Governor Kateryna Rozhkova has said. “On December 8 late in the evening the package of documents from Yaroslavsky arrived. Earlier we…
DetailsMonetary base in Ukraine increased by 0.6% in November, to UAH 378.746 billion, or $14 billion, according to the National Bank of Ukraine (NBU) website. The monetary base has shrunk by 0.7% since the beginning of the year, the report says. According to the data provided, the money supply, or M3, increased by 0.3% in…
DetailsNon-stop service from Astana to Milan will be launched in 2018, Kazakhstan’s Civil Aviation Committee reported. Within the framework of ICAN-2017 Kazakh delegation led by Chairman of the Civil Aviation Committee, Talgat Lustayev held talks with the aviation authorities of Austria, Australia, Azerbaijan, Great Britain, Hong Kong, India, Italy, Qatar, Kuwait, Sri Lanka, as well…
DetailsAs a result of October Kyrgyzstan’s state debt declined by $9.05 million, the Ministry of Finance reported. As of October 31, the size of the state debt (external + internal) comprised $4,357.5 billion, or 299,447.12 billion soms. External debt – $3,958.23 billion (272,9.57 billion soms), internal – $399.27 million (27,437.55 billion soms). Kyrgyzstan owes the…
DetailsThe UN predicts an increase in Azerbaijan’s GDP by 1.8% in 2018, according to the “World Economic Situation and Prospects-2018” (WESP) report prepared by the UN Department of Economic and Social Affairs. According to the report, Azerbaijan’s GDP will decrease by 1% in 2017 and will grow by 2.3% in 2019. The restoration of the…
DetailsInterchem pharmaceutical company (Odessa) has launched a new laboratory and production complex for production of active pharmaceutical ingredients (API) in Odessa. Interchem CEO Anatoliy Reder said during the celebrations dedicated to the company’s 25th anniversary, the launch of the new API production complex was the final stage of the investment program worth EUR50 million, being…
DetailsIn January-November the output of motor vehicles in Ukraine amounted to 7,654 units, up by 67% YoY, the Ukrainian Motor Vehicle Manufacturers Association (UkrAutoProm) reported. “A total of 7,654 motor vehicles were produced in Ukraine in January-November. In particular: the output of cars totaled 6,544 units (+72.2%), commercial vehicles – 423 units (-22.7%), buses –…
DetailsA bill of amendments to the Alcohol Act and Advertising Act set to further restrict Estonia’s alcohol policy, which passed the first reading in the Riigikogu in March, has since been eased significantly in the Riigikogu. “We removed square meters of the size of the stores from the bill, and the new wording is that…
DetailsIn January-November the port of Ventspils handled 18.5 million tons of cargo, up by 9% YoY. According to the port authority, in November the port handled 1.5 million tons of cargo. The growth was mainly driven by the increase in transshipment of coal and cargoes carried by ferries. The number of passenger carried by Ventspils-Nynashamn…
DetailsAs of late October Azerbaijani banks’ liabilities to the country’s Central Bank (CBA) decreased to 566.6 million manats, or almost 3-fold compared to the volume of liabilities in early 2017, according to the report of the country’s Financial Market Supervisory Authority. Since the beginning of the year, banks have reduced their liabilities by 21.4%, from…
DetailsUkraine in January-November supplied 8,174 tons of cheese to foreign markets, up by 12.6% YoY. According to customs statistics, released by the State Fiscal Service, in monetary terms shipments of these products increased by 34.8%, to $29.14 million. Cheese imports in January-November amounted to 8,785 tons, increasing by 43% YoY. The country imported products worth…
DetailsIn January-November the Nikolaev seaport increased the transshipment of cargo by 4.8% YoY, to 21.32 million tons, the press service of seaports Administration of Ukraine reported. In particular, the transshipment of imported cargoes increased by 22.8%, to 5 million tons during the reported period, transit shipments rose by 14.3%, to 1.137 million tons, at the…
DetailsFrom January 1, 2018 written declaring of imported and exported cash foreign currency in the amount of up to $2,000 is canceled in Uzbekistan. When importing and exporting more than $2,000, the entire amount is declared in writing. Export of cash foreign currency outside of Uzbekistan is now carried out without any permits within the…
DetailsIn January-November the Freeport of Riga handled 31,116,900 tons of cargo, down by 6.7% YoY. Coal transshipment fell by 5.8%, to 11.02 million tons, oil products – by 30.5%, to 5.23 million tons, wood pellets increased by 17.9%, to 578,000 tons, ore – by 32.5%, to 467,600 tons. The port’s container throughput grew by 16.8%,…
DetailsThe Mogilev-based lift manufacturer OAO Mogilevliftmash intends to start making travelators in 2018, the company’s Chief Engineer Igor Frolkin declared. A prototype travelator (a moving walkway) has been made in association with Chinese partners. The product has passed electromagnetic compatibility tests in line with the relevant technical regulations on safe machines and equipment. Acceptance and…
DetailsThe National Bank of Ukraine (NBU) has transferred the eighth tranche of profit in the amount of UAH 4.4 billion to the state budget, the central bank’s press service reports. “On December 7, the National Bank transferred the last eighth tranche of profit in the amount of UAH 4.4 (44,378,828,945.50) billion to the state budget,”…
DetailsPrivatBank has introduced the money transfer service using Welsend system, the bank has said in a press release. The Welsend money transfer system was created by Ukrgasbank (Kyiv) in 2013. Partners of Welsend are 53 financial institutions both in Ukraine and outside the country. The system is present in over 120 countries and has over…
DetailsBelarus and Egypt have agreed to set up an engine assembly plant. The matter was discussed during a visit of a delegation of Minsk Motor Plant led by Director General Igor Yemelyanovich to Egypt, the Belarusian embassy in Egypt reported. The Belarusian delegation visited the Ministry of Military Production of Egypt, large industrial companies specializing…
DetailsPresident of Turkmenistan Gurbaguly Berdimuhammedow met with the Ambassador Extraordinary and Plenipotentiary of the Republic of Korea Jong Tae-In, the Turkmen government said in a message. An exchange of views took place on the prospects for cooperation in the trade and economic sphere, energy and transport sectors, and in the field of advanced technologies. “An…
DetailsKyrgyzstan supplied more than 50 tons of walnuts to Holland thanks to the voluntary certification Fair Trade. As Gulnaz Kaseeva, Chairwoman of the Board of AgroLead NGO noted, earlier Kyrgyz walnuts came to European countries through Turkey. Suppliers from Kyrgyzstan have undergone the voluntary certification Fair Trade and can now supply the product directly. Certification…
DetailsChina expressed interest in cooperation on the purchase of Ukrainian aircraft, the press service of the Ministry of Economic Development and Trade of Ukraine reported. “China is interested in cooperation on the purchase of airplanes and their joint production using materials and spare parts produced in China,” the report said. Ukraine’s Trade Representative Natalia Mykolska,…
DetailsThe public joint-stock company Ukrzaliznytsia intends to send some UAH 13-16 billion of own funds for capital investment next year, acting Board Chairman of Ukrzaliznytsia Yevhen Kravtsov has said. “We prepared the capital investments and financial plan in an open mode. The figure was at the level of UAH 52 billion – the total demand…
DetailsRiga Black Balsam brand has begun exploring the market in the United States of America. Exploration of the market commenced with New York, to be followed up by a presentation of Riga Black Balsam in Texas, Florida, San Francisco and Illinois in 2018, as reported by the company’s representatives. “The brand’s start in USA kicked…
DetailsHead of State Nursultan Nazarbayev met with CEO of Yildirim Holding Yuksel Yildirim at the EXPO Congress Center in Astana on December 6. At the meeting, the sides discussed the problems and further prospects of implementation of the investment projects in chemical industry. Yildirim Holding CEO expressed interest in strengthening cooperation with Kazakhstan and briefed…
DetailsCurrency reserves of the Central Bank of Azerbaijan (CBA) increased by about $1,243.2 million (31%), to $5,254.2 million in November as compared to the same period of 2016, according to statistical data posted on the CBA website on December 6. During the month, CBA reserves rose by 53.5 million, while since early 2017 it has…
DetailsThe national energy company Ukrenergo has drawn up a feasibility study for construction of infrastructure to transmit electricity from solar power plants with a capacity of up to 1.2 gigawatts in the Chornobyl exclusion zone. Ukrenergo presented the document at a government meeting on December 1. “The project envisages construction of a new330/110 kV substation…
DetailsSugar production in Ukraine as of December 5 amounted to 1.73 million tons, according to the Ukrtsukor National Association of Sugar Producers. “At present some 1.73 million tons of sugar has been produced and 12.11 million tons of sugar beets has been processed. According to the association, the sugar season will end by the new…
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