On January 18-22, Spain will host the 37th International Tourism Fair FITUR-2017. This is the first and major tourism event of 2017. Last year some 9,500 organizations, firms and associations of the tourism industry from 165 countries attended the fair. 125 thousand specialists and 97 thousand visitors took part in it. This year the national…Details
Azerbaijan Airlines (AZAL) stopped its flights on the Baku-Ganja route on January 9, the company’s press reported.
The press service said it was economically inefficient to carry out these flights.
The Baku-Ganja flights were carried out daily using Embraer aircraft. Ticket prices started from 30 manats. (Trend/Business World Magazine)
Turkmenistan has finalized the preparation of the technical assignment for the creation of the next (second) national satellite, the functions of which will include Earth remote sensing. TurkmenAlem 52E, Turkmenistan’s first telecommunications satellite, was launched on April 28, 2015 from Cape Canaveral (Florida, US). It was brought to the space by Falcon 9 v1.1 carrier…Details
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In 2016 Naftogazvydobuvannya operated by DTEK Naftogaz produced 1,630,800,000 cubic meters of natural gas, up by 25% YoY. The company also extracted 56,100 tons of gas condensate, up by 24% YoY. The increased gas and gas condensate output came from the completed drilling and commissioning of three wells at Semirenkivske gas and condensate field, which…Details
Early January weather in Ukraine featured alternating warm and cold air masses that in turn led to contrasting temperatures. The average air temperature all over Ukraine was within a range from +0.2 C to -3.1 degrees C. Precipitation rates were within 0-4 mm. Winter crops were covered with 1 to 15 cm of snow. Temperatures…Details
The assets of Ukraine’s banking system by the end of 2017 will amount to UAH 1.5-1.6 trillion (as of October 1, 2016 some UAH 1.27 trillion), while the number of banks will not exceed 75-80 against 95 currently operating, former deputy head of the National Bank of Ukraine (NBU) Vladyslav Rashkovan forecasts. “It remains to…Details
MP Serhiy Taruta has said that the decision of the board of the National Bank of Ukraine (NBU) to put Platinum Bank on the list of insolvent banks could be considered as political bankruptcy of Ukrainian President Petro Poroshenko. “The president could not have been unaware thatNBU Governor Valeriya Gontareva was withdrawing money via Platinum…Details
Ukraine’s State Service for Food Safety and Consumer Rights Protection in the past several days received confirmation of African swine fever (ASF) diagnosed during the examination of the selected samples of biological material of pigs that died in Mykolaiv, Luhansk, Kirovohrad and Odessa regions. The press service reported that 56 pigs died in Chapayev LLC…Details
Ukrainian companies imported gas for their own needs at an average price of UAH 6,006.66 ($230.01) per 1,000 cubic meters in December 2016, the press service of the Ministry of Economic Development and Trade has said. According to the ministry, the average price of imported gas in January 2016 was $231.41 (UAH 5,542.82), in February…Details
Austrian Eriell GmbH has acquired controlling stake of Sarbon-Neftegaz JSC, the transportation division of Uzbekneftegaz National Holding Company, Tashkent Republican Stock Exchange said in a message. The Austrian company acquired 561,930 shares at $6.04 per share. A package of shares was purchased at $3.394 million from Uzgeoburneftegaz – subsidiary of the holding, Uzbekneftegaz said. Sarbon-Neftegaz…Details
A new railway station will be commissioned in Kazakhstan’s city of in Astana in May, Kazakh prime-minister’s website reported. Construction work at the new railway station and railway junction in Astana have been completed by 80% as of today, Kazakhstan Temir Zholy’s (Kazakh railways) said. The capacity of the railway station is envisaged at 35,000…Details
Ukrainians bought $747.1 million from banks in 2016, up by 9.2% YoY ($684.1 million), the National Bank of Ukraine (NBU) has said on its website. Sale of foreign currency by the public last year grew by 44.6%, from $2.232 billion to $3.227 billion. The NBU said that Ukrainians sold $2.48 billion more in 2016 than…Details
Russian Helicopters Holding will supply four Mi-35M attack helicopters to Kazakh Defense Ministry in 2018, the holding reported. The supply contract was signed within the implementation of the Treaty on military-technical cooperation between Russia and Kazakhstan and envisages payments in Russian rubles. The multirole Mi-35M helicopter is a comprehensive modernization of the Mi-24V and has…Details
Sugar production in Ukraine in 2016/2017 agricultural year (September-August) increased by 40.5% YoY, to 2.008 million tons, the national sugar producers association Ukrtsukor has said. According to the report, 42 sugar refineries refined 13.66 million tons of sugar beets. The association said that the year was favorable for Ukrainian sugar producers. Due to bad harvest…Details
On December 24, 2016 – January 6, Ukraine exported grain at rather record rates, despite the New Year holiday factor. In the reporting period the export volumes of three major grain crops from Ukraine reached 1.5 million tons, including wheat – 491 thousand tons, corn – 968 thousand tons, and barley – 32 thousand tons.…Details
In China Kazakh agricultural products are in great favor, and in short supply, the Chinese Ambassador to Kazakhstan Zhang Hanhui declared. China is interested in the imports of organic agricultural products from Kazakhstan. Kazakhstan foodstuffs – wheat, flour, honey, vegetable oils, meat, etc. – have a very good reputation and in great demand in China,…Details
Over the first ten days of 2017 Ukrainian consumers of all categories used 1.609 billion cubic meters of natural gas, down by 12.2% YoY, the press and public relations department at PJSC Ukrtransgaz reports. In particular, Ukrainian consumers used 0.6 billion cubic meters of natural gas of domestic production, 0.4 billion cubic meters of natural…Details
The first five tractors Belarus-320.4 by Bobruisk Plant of Tractor Parts and Units (BZTDiA trademark) have been shipped to Russia’s Sakhalin region within the framework of the Far East Hectare program, the marketing department of the plant reported. The tractors were sent under the state support program. The recipients are five residents of Tymovsky district…Details
Gas pumping from Ukraine’s underground gas storage facilities this heating season is 3.27 billion cubic meters, down by 19% YoY (4.07 billion cubic meters), the press service of Naftogaz Ukrainy has reported. “Gas pumping from underground gas storage facilities this winter is 19% less than last winter (and 45% less than in 2014/2015 season). This…Details
Belarus President Alexander Lukashenko has approved a draft agreement between the government of Belarus and the government of the Hong Kong Special Administrative Region of the People’s Republic of China on the avoidance of double taxation and prevention of income and capital tax evasion as a basis for further talks. Corresponding decree No. 6 dated…Details
The World Bank (WB) has increased its forecast for Kazakhstan’s GDP growth for 2017. According to the WB January 2017 Global Economic Prospects report, real GDP growth in Kazakhstan will amount to 2.2% in 2017. The WB also forecasts Kazakhstan’s GDP growth to recover to 3.7% in 2018 and to 4% in 2019. The forecast…Details
Real GDP growth of Uzbekistan will amount to 7.4% in 2017, according to the January 2017 Global Economic Prospects report of the World Bank (WB) published on its website. The WB expects that Uzbekistan will keep economic growth at 7.4% also in 2018 and in 2019 given stabilization of commodity prices. In June last year…Details
Holders of eurobonds of the nationalized PrivatBank (Dnipro) seek to challenge the forced exchange of their securities to the additionally issued shares in the London Court of International Arbitration (LCIA). Dechert law firm acts as advisor to the bondholders. The holders of the bonds, including First Geneva Capital Partners, Pala Assets and Pioneer Investment Management,…Details
GDP growth rate in Turkmenistan will amount to 6.5% in 2017, according to the January 2017 Global Economic Prospects report of the World Bank (WB) published on its website. Turkmenistan will also increase the economy’s growth by 6.8% in 2018 and by 7% in 2019, according to the WB forecasts. GDP growth rate in Turkmenistan…Details