Ukraine’s Infrastructure Ministry has drawn up a draft order proposing to cut and annul some airport charges. Minister Volodymyr Omelyan wrote on his Facebook page that it was proposed to cut the fee for servicing passengers in the international flights terminal, annul the fee for limit-exceeding parking of the aircraft that have aircraft base contracts…
DetailsThe plans on construction of the Turkmenbashi-Garabogaz-Kazakhstan border highway with a length of 242 kilometers were revealed at the Turkmen government meeting. President of Turkmenistan Gurbanguly Berdimuhamedov ordered to study the issue of construction of this route, which would become the continuation of the Ashgabat-Turkmenbashi high-speed multimodal highway. The construction of the border highway will…
DetailsThe European Bank for Reconstruction and Development (EBRD) has forecast a 2% growth of Azerbaijan’s economy in 2018, according to the EBRD’s updated Regional Economic Prospects report. The bank forecasts Azerbaijan’s economy to contract by 0.5% in 2017, according to the report. After a brief period of volatility in the beginning of 2017, the Azerbaijani…
DetailsAccording to the Statistics Committee of the Republic of Kazakhstan, farms of all types held 10.33 MMT of cereals and pulses as of April 1, up by 16.5% YoY (8.86 MMT). Wheat inventories are up by 12.8%, at 8.65 MMT, including 6.75 MMT of milling wheat, 0.47 MMT of feed wheat and 1.43 MMT of…
DetailsThe tax reform provides for a major increase of labor costs for small employers. In accordance with Finance Ministry’s offer, these companies will have to find more than EUR 13 million to, at the very least, maintain their business activities, Latvian Traders Association comments on the situation. Authors of the tax reform, on the other…
DetailsA pilot container train loaded with Belarus-made products has left the Belarusian city of Smorgon for China, the press service of Belarusian Railways reported. The train is loaded with fiberboards and laminated flooring made by the Smorgon-based company IOOO Kronospan. The project has been arranged by the Belarusian Railways enterprise Belintertrans – Transport-Logistics Center (BTLC)…
DetailsSince the start of the month, Agroinvestbonk, Tajikistan’s largest lender, began telling its clients that as of May 4 they would only be able to withdraw 500 somoni ($58) daily on their cards. Since February, the bank had been allowing account-holders to withdraw double that amount. Things have not quite yet got as bad as…
DetailsAzerbaijan’s Financial Market Supervisory Authority (FIMSA) has registered a prospectus of the Azerbaijani Central Bank’s short-term notes worth 25 million manats, FIMSA said on May 8. The message said 250,000 notes would be issued at a par value of 100 manats each, and their maturity period would be 28 days. A short-term note is a…
DetailsAs of May 1, Ukraine’s international reserves amounted to $17.175 million, according to preliminary data. Compared to March, they increased by $2.052 million, or by 13.57% mainly due to receipts from the International Monetary Fund and other donors of Ukraine. This was reported by the press service of the National Bank of Ukraine. “The dynamics…
DetailsAgrarians of Ukraine started planting buckwheat. As of May 5, the planted areas reached 18 thousand ha, or 13% of the plan, the Ministry of Agrarian Policy and Food of Ukraine declared. Also, Ukrainian agrarians planted spring grains and pulses throughout the areas of 5.497 million ha, or 76% of the forecast, down by 343…
DetailsChina is a promising market for Belarusian dairy products, Sun Juan from China Radio International declared. Sun Juan noted that at the meeting with Belarus President Alexander Lukashenko on May 4, she asked the Belarusian leader a question about the supplies of meat and dairy products to the Chinese market. “Belarus is among the world’s…
DetailsAt least 726.9 million soms are needed to complete the construction of Tamchi-Cholpon-Ata road, the Ministry of Transport and Roads of the Kyrgyz Republic reported. 212 million soms are provided for the reconstruction of Balykchy-Tamchi-Cholpon-Ata-Korumdu road according to a list of facilities and construction projects financed from the republican budget and approved on February 15.…
DetailsTax revenues of the Azerbaijani state budget reached almost 2.3 billion manats in January-April, exceeding the forecast by 6.3%, said the country’s Ministry of Taxes on May 5. Revenues through the Ministry of Taxes are forecast in the amount of 7.51 billion manats in Azerbaijan in 2017, or 46.2% of total volume of budget revenues.…
DetailsAccording to forecasts of the US Department of Agriculture, in the new season the harvest volumes of wheat in Kazakhstan will decrease by 13% YoY, to 13 million tons. Domestic consumption of wheat will keep at the current season level – 6.9 million tons. A decline in wheat usage for seeds will compensate for growing…
DetailsSince the beginning of 2017, Ukraine has sent most of its honey exports to the United States, totaling $12.6 million, the press service of the Ukrainian Agrarian Policy and Food Ministry reports. “The United States has been the major importer of Ukrainian honey during the period. The export deliveries of honey to this country came…
DetailsPresident Shavkat Mirziyoyev singed a decree to create the free economic zones Nukus-pharm, Zomin-pharm, Kosonsoy-pharm, Sirdaryo-pharm, Boysun-pharm, Bustonlik-pharm, and Parkent-pharm, in efforts to draw investment to the pharmaceutical industry, produce high-quality medicine, boost Karakalpakstan, Djizzak, Namangan, Sirdarya, Surkhandarya and Tashkent’s industrial capacities, and create new jobs. With pharmacy bearing much importance, Uzbekistan has always paid…
DetailsOTP Bank in January-March saw a 14.6% fall in net profit, to UAH 279.492 million. Its net interest income narrowed by 37.5%, to UAH 483.17 million. Not taking into account spending on reserves, net interest income totaled UA 447.34 million (up by 18.8% YoY). Commission income grew by 22.1%, to UAH 249.063 million. The bank…
DetailsThe Ukrainian Automobile Corporation (UkrAVTO) at the end of April supplied two first low-deck medium class city buses ZAZ10C out of 11 foreseen in the contract to Warbus (Poland), the press service of the corporation reported. Buses made by Zaporizhia Automobile Plant (ZAZ) after their presentation to city authorities are used in the streets of…
DetailsIn January-March the average wage of Ukrainians working in the mining and quarrying sector totaled UAH 8,533, up by 24.7% from the average wage of those employed in the industrial sector. This is the data released by the State Statistics Service of Ukraine. In particular, in January-March the average wage of Ukrainians working in the…
DetailsTajikistan’s oil product imports are continuing to decrease while the country’s liquefied gas imports are continuing to increase. Over the first quarter of this year, Tajikistan’s oil product imports have fallen by 12% while its liquefied gas imports have risen by nearly 3% YoY. According to the statistical data from the Customs Service, Tajikistan has…
DetailsNew passenger car sales in Ukraine in January-April grew by 29.6% YoY, to 23,063 cars, AUTO-Consulting has reported. In January-March the market grew by 35%. A total of 6,600 new cars were sold in April, and this was 17.3% more than a year ago and 5.6% less than in March. Toyota was the leader with…
DetailsIn January-April Belarus’ gold and foreign currency reserves went up by 3.7%, if calculated in accordance with methods of the International Monetary Fund, to $5.1 billion, the Information and PR Department of the National Bank of the Republic of Belarus reported. According to the preliminary data, as of May the country’s gold and foreign currency…
DetailsHorizont Holding Company is set to step up the effort to strengthen its international manufacturing ties and enter new markets, Horizont Director General Yuri Predko declared. The Belarusian company views Slovakia as a promising partner. Yuri Predko said that a number of cooperation agreements were signed during the Belarusian-Slovak Business Forum held in Bratislava in…
DetailsA strategy for state-owned banks being designed will focus on settling the problem of competition between the financial institutions, first of all PrivatBank and Oschadbank (both based in Kyiv), Ukrainian Finance Minister Oleksandr Danyliuk has said. “Oschadbank is competing with PrivatBank. I cannot criticize managers of the two banks for competition: they are commercial structures,…
DetailsIn May Ukraine is expected to export 583 million kilowatt-hour of electricity to Moldova and Eastern European countries, according to the forecast balance of Ukraine’s integrated energy system for May. All types of electricity-generating facilities in Ukraine’s integrated energy system will produce 11.608 billion kilowatt-hour of electricity. Meanwhile, Energoatom National Nuclear Energy Generating Company of…
DetailsGermany’s Kreditanstalt fur Wiederaufbau (KfW) will provide 7 million euros for the rural housing finance in Tajikistan. An agreement on this subject has been signed by Ms. Kristin Laabs, Country Director, KfW Development Bank Tajikistan, and Mr. Nematullo Hikmatullozoda, Minister of Economic Development and Trade of Tajikistan. The German and the Tajik governments reportedly agreed…
DetailsCrosco Integrated Drilling & Well Services Ltd. (Croatia) has won 2 out of 15 lots of a tender of the public joint-stock company Ukrgazvydobuvannia to carry out drilling works in Kharkiv and Poltava regions in 2017-2019. According to a report in the ProZorro e-procurement system, Ukrgazvydobuvannia seeks to sign a contract for UAH 792.581 million…
DetailsPrivatBank states it will increase its payment terminal network by 20% with Verifone services, about 20,000 Verifone VX 520 terminals are expected to be deployed by September, the bank’s press service reports. “PrivatBank aims at increasing its network for payment and contactless cards acceptance by 20% in 2017. Verifone has been selected as the payment…
DetailsThe World Bank on May 3 approved of $225.7 million in financing from the International Development Association (IDA) for the Nurek Rehabilitation Project. According to the World Bank Dushanbe Office, the World Bank financing, one-quarter in grants and three-quarters in credits, will refurbish the Nurek Hydropower Plant (HPP) that will help secure electricity supply in…
DetailsThe National Bank of Tajikistan (NBT) has stopped operations of six more lending agencies. On May 1, Tajik central bank issued resolution on withdrawing licenses of the microlending agencies Asrina (Khujand) and Armon (Dushanbe). Asrina and Armon reportedly failed to comply with the NBT’s minimum capital requirements for the microlending organizations and the NBT withdrew…
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