Two troubled commercial banks – Tajprombank (Tajik Joint-Stock Commercial Industrial Bank for Reconstruction and Development) and Fononbank – have begun paying out savings to their customers. The banks began to pay out savings starting from March 16, according to the Deposit Insurance Fund, which insures savings deposits of physical entities. The Dushanbe Economic Court launched…Details
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The Bishkek mayor’s office plans to raise the salaries of local government employees, Vice Mayor Ernis Zarlykov declared at the regular session of the City Council on March 16. According to him, the mayor ordered to analyze the general policy of payment to workers of local self-government. “Today, sweepers, librarians and others receive a small…Details
SFGCU PJSC exported almost 1.5 million tons of grain and oilseed crops during 8 months of the current season, the press-service of the company informed on March 15. The export was carried out despite lack of grain hoppers at the level of 45% of need. Plan for March is fulfilled at 86%, more than 180…Details
“The Russian-Kyrgyz Development Fund has become an elite business fund,” Bakyt Torobayev, leader of Onuguu Progress faction, said at a meeting of Parliament on March 16. According to him, now the fund works for the interests of certain persons. Initially, it was created in order to adapt the economy of Kyrgyzstan to the norms of…Details
Ukraine: NBU suggests NSDC to ban Russian state banks’ subsidiaries from executing transactions in favor of their parent banks
The National Bank of Ukraine (NBU) has suggested implementing the National Security and Defense Council (NSDC) decision by banning the Ukrainian subsidiaries of Russian state-owned banks from moving capital outside Ukraine. “The imposition of such sanctions means prohibiting the carrying out of any financial operations in favor of the parent bank, i.e. granting interbank loans,…Details
In February Ukraine exported a record for this month of 441.7 thousand tons of sunflower oil. However, the volume is 5% lower MoM. During the first half of 2016/2017 MY (September-February), Ukraine exported 2.7 million tons of sunflower oil, up by 23% YoY, which became a historical maximum. Analysts forecast total export of Ukrainian sunflower…Details
In January-February, Kaliningrad Sea Commercial Port handled 618,000 tons of cargo, up by 38% YoY, the stevedoring company says. In the reporting period, transshipment of general cargo totaled 126,400 tons (including 114,500 tons of metal), 393,000 tons of dry bulk cargo, 38,700 tons of liquid bulk cargo, 4,100 tons of other cargo and 1,900 tons…Details