Thorough road repair should be launched in Ukraine starting from April 1. There are all the necessary funds for this purpose, Prime Minister of Ukraine Volodymyr Groysman said. “Starting from April 1, we can launch thorough road repair in Ukraine,” he said. Groysman noted he was not pleased with the current condition of Ukrainian roads…
DetailsExpected Russian inflation for the next 12 months fell to 11.2% in March from 12.9% in February, the central bank said in a report on March 30. According to the survey, 23% of respondents believe that inflation will reach the target of 4% set by the central bank for 2017, against 18% in February. “This…
DetailsKazMunayGas and Uzbekneftegaz signed a cooperation agreement to jointly develop oil product marketing and logistics, set up crude oil supply to Uzbekistan, and ensure oil transit across Kazakhstan. Uzbekneftegaz also signed a memorandum of understanding with Kazakhstan’s energy ministry to cooperate in oil and gas industry. According to KazMunayGas, KazTransOil pipelines may be reconstructed and…
DetailsHistorically important, Uzbekistan’s silk sector has seen structural reforms since independence, attracting foreign investment, upgrading production techniques, and expanding production. Boasting good natural conditions, Uzbekistan has 80 million plants and 51,000 hectares of plantations, producing 26,000 tons of cocoons. The silk sector has been stunted in recent years by falling demand worldwide and outdated production…
DetailsCenter “Development of Corporate Social Responsibility”, First Ukrainian International Bank and Ukrsibbank BNP Paribas Group signed a memorandum on cooperation in the implementation of the educational project “Your Future in the Banking sector”. Within the framework of the project, a detailed map of banking professions will be developed, a web portal for free access to…
DetailsPublic joint-stock company Ukrzaliznytsia is working on passenger service standards, Director for Passenger Transportation and Services Ihor Romankiv has said. “Any business has standards. The same should be at railways. For example, when asked where the 12th car passenger car is, attendants do not say “there,” but say “this way, passing next car,” he said.…
DetailsAccording to the official statistics figures, during eight months of the season-2016/2017 (July-February) Ukraine exported 308.7 thousand tons of peas, up 1.8-fold and 2.2-fold compared with the same period in 2015/2016 and 2014/2015 MYs – 169 thousand tons and 140 thousand tons respectively. In the current season, India became the main importer of peas from…
DetailsThe National Bank of the Republic of Belarus (NBRB) will reduce the refinancing rate from 15% to 14% per annum on April 19, according to the NBRB Information and PR Office. The Board of the National Bank of the Republic of Belarus took a decision to reduce the refinancing rate from 16% to 15%, the…
DetailsAeroflot passengers flying to and from Male, Bangkok, Phuket and Ho Chi Minh City can now transport a complete set of surfing or diving equipment weighing up to 23 kg for free. Surfing equipment can include a surfboard, set of fins, mountings, wetsuits, hydro shoes and other accessories weighing up to a total of 5…
DetailsIn the course of the working trip to Aktobe region, Prime Minister Bakytzhan Sagintayev acquainted himself with a pilot project on construction of a quickly erectable low-rise credit housing under the Nurly Zhol program. Sagintayev was informed on the course of housing construction in Nur Aktobe micro-district, the peculiarities of the project and the quality…
Details“In 2017, about 55 million out of budgeted 120 million soms were allocated to strengthen the banks and carry out repair works at ten Chu River facilities,” Deputy Minister of Emergency Situations Davletbek Alimbekov said. The Minister of Transport and Roads Zhamshitbek Kalilov said that 11 extremely dangerous areas were detected to prevent emergencies. Bank…
DetailsThe National Bank of Kyrgyzstan sold 151 kg of gold in weighted bullion bars for almost 420 million soms, the Chairman of the NB KR Tolkunbek Abdygulov declared. According to him, the Parliament didn’t support the proposal of the National Bank to abolish customs payments for the import of small gold bars, which would make…
DetailsGarlyk mining and processing plant for the production of potassium fertilizers will be inaugurated on March 31, Turkmen Foreign Ministry said in a message. Equipped with the most advanced technologies, this plant will become the flagship of the Turkmen chemical industry and the largest industrial-production complex in the Asian continent. The fact that its construction…
DetailsState-controlled Oschadbank (Kyiv) has attracted credit resources from the German-Ukrainian Fund (GUF) in the amount of EUR 8 million and UAH 50 million to finance micro, small and medium-sized businesses. According to a bank press release, the parties signed the relevant credit agreements within the framework of the memorandum on strategic partnership and cooperation on…
DetailsSunseed crushing volumes have been shrinking for a second month in a row in the current 2016/2017 season. Ukraine’s large and medium-sized crushers produced 439.2 KMT of sunoil in February, down by 7.7% MoM (475.7 KMT). However, 2016/2017 production continues to be all-time high in terms of both February and seasonal outputs. Sunoil production by…
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