The Ministry of Ecology and Natural Resources of Ukraine as of February 28, received 44 applications for the construction of solar power plants in the Chornobyl exclusion zone, minister Ostap Semerak said at the annual Ukrainian Energy Forum, organized by the Adam Smith Institute. “As of today we have 44 applications and the territories, which…
DetailsFirst Deputy Energy and Coal Industry Minister of Ukraine Halyna Karp says that in spite of the blocking of coal supplies in Donbass, the united energy system of Ukraine operates stably. “At present the united energy system of Ukraine operates in a state of emergency, which has been introduced in connection with the blockade in…
DetailsAs of February 1, Belarus’ external state debt totaled $13.5 billion, down by $95.7 million or by 0.7% from the beginning of the year (taking into account differences in currency exchange rates), representatives of the Belarusian Finance Ministry declared. In Januaryexternal state borrowings totaled $36.8 million, including $21.8 million borrowed from the Russian government and…
DetailsIn order to create the most favorable conditions for bringing the Turkmen carpet weaving to a new level, it is necessary to ensure the privatization of this industry, Turkmenistan’s President Gurbanguly Berdimuhamedov said. He made the remarks addressing a meeting of the country’s Cabinet of Ministers, according to the Turkmen government. Turkmenhaly State Association includes…
DetailsOn January 24, Port of Tallinn’s Supervisory Board got an overview of the company’s activity and preliminary performance results for 2016, according to which Port of Tallinn’s cargo flow decreased by 10%, number of passengers increased by 4%, total revenue amounted to EUR 111 million and operating profit to EUR 49 million. According to preliminary…
DetailsThe Board of the National Bank of Kyrgyzstan on February 27, decided to retain the size of the bank rate of 5%, its deputy chairman Nurbek Zhenish said. The decision was made on the basis of social and economic development of the country in February. It is noted that inflation dynamics in Kyrgyzstan now was…
DetailsThe World Bank (WB) maintains interest in the creation of a Development Bank in Azerbaijan, Angela Prigozhina, the WB senior financial sector specialist, declared. “We do not abandon this idea – there are a huge number of other state financial institutions, including funds and agencies that are engaged in lending to the economy and support…
DetailsKazakhstan supplied 221 KMT of flour to foreign markets in December 2016, down by 5% YoY, but nevertheless it was one of the largest export volumes for this time of season. Kazakh flour exports for the four months of 2016/2017 were up by 23.3% YoY at 941 KMT against 763.3 KMT in September-December 2015. Afghanistan…
DetailsCommon people should feel the results of domestic economic growth already this year, president of Ukraine Petro Poroshenko said. “We are making efforts for the common people to start feeling that the situation in the country is changing for the better. The efforts include a sharp increase in the minimum wage up to UAH 3,200,…
DetailsAfter tests conducted by the National Bank of Ukraine (NBU) a total of 36 banks are to reduce credits issued to affiliated persons, the NBU has reported on its website. “After tests it has been identified that the largest credit risks for debts of affiliated persons were higher than the requirement at 44 banks. As…
DetailsOil production in Ukraine decreased by 4.4% YoY in January, to 129,400 tons. The Ministry of Energy and Coal Industry reported that gas condensate production for the period increased by 7.6%, to 58,100 tons. Naftogaz Ukrainy enterprises in January cut oil production by 4.6%, to 127,000 tons, gas condensate output – by 3.5%, to 38,800…
DetailsIn January the production volumes of crude sunflower oil in Ukraine totaled 476 thousand tons, up by 50.9% YoY, but down by 14.5% MoM, the State Statistics Service of Ukraine reported. In the reporting period, the production of margarines and edible fats totaled 17 thousand tons, up by 28.4% YoY, but down by 15.9% MoM.…
DetailsBelarus plans to increase its baby food exports to Pakistan to $1.1 million in 2017, Aleksei Bogdanov, the head of the main division for foreign economic affairs at the Agriculture and Food Ministry, declared as he attended the meeting of the Belarus-Pakistan working group on cooperation in agriculture. “As for our export to Pakistan, it…
DetailsTajik national air carrier, Tajik Air, plans to resume domestic flights en route Dushanbe – Khorog – Dushanbe soon. The airline is expected to resume flights to Khorog, the capital of the Gorno Badakhshan Autonomous Region (GBAO), Aziz Khairulloyev, a spokesman for Tajik Air, said. According to him, Tajik Air will use helicopter Mi-8 to…
DetailsThe National Bank of Tajikistan (NBT) has withdrawn licenses from two bailed-out banks – Tajprombank (Tajik Joint-Stock Commercial Industrial Bank for Reconstruction and Development) and Fononbank. By Tajik central bank’s decision their licenses for carrying out banking activities were withdrawn on February 24. The NBT notes that other directions of activities of those two organizations…
DetailsGold remains the main export commodity of Kyrgyzstan, and Switzerland is its main buyer. This European country accounts for 42% of total exports of Kyrgyzstan, website of the Ministry of Economy of the Kyrgyz Republic reported. According to the ministry, in general, Kyrgyzstan carries out deliveries to more than 80 countries. Several countries account for…
DetailsExtraordinary and Plenipotentiary Ambassador of Kyrgyzstan to Korea Askar Beshimov met with the Executive Director of the Green Climate Fund Howard Bamsey. He promised to allocate $300,000 to the State Agency of Environment and Forestry of the Kyrgyz Republic as the national authority on work with the fund. In the framework of this application, international…
DetailsThe Ukrainian government published a concept for development of Ukraine’s gas production sector approved at the end of 2016. The document envisages the increase of gas production from 18.7 billion cubic meters in 2016 to 20.3 billion cubic meters in 2017 and 27.6 billion cubic meters in 2020. According to government resolution No. 1079 dated…
DetailsThe net profit of public joint-stock company Motor Sich in 2016 was UAH 2.187 billion, down by 36.4% YoY (UAH 3.436 billion), according to preliminary data published by the company in an announcement about the annual general meeting of shareholders scheduled for March 30. Undistributed profit last year grew by 15.7%, to UAH 15.663 billion.…
DetailsThe government’s resolution to recapitalize nationalized PrivatBank for the amount of UAH 9.8 billion by the issue of 15-year government domestic loan bonds with the indexed value (with reference to the U.S. dollar exchange rate), adopted on February 22, was executed on February 24, according to the National Bank of Ukraine (NBU). According to the…
DetailsThe Individuals’ Deposit Guarantee Fund from February 27, will continue payments to the depositors of Artem-Bank (Kyiv), according to the fund’s website. According to the fund, payments will be carried out in the period until April 10, inclusive on the general register of depositors through the agent banks of Kredobank and FUIB (depending on the…
DetailsUkraine continues playing one of the major roles on the global grain market, because the increasing production volumes and qualitative parameters of the exported goods give significant advantage to Ukrainian traders. At the same time, the USA and EU countries started losing their positions due to more competitive prices of Ukrainian products and fairly attractive…
DetailsA new hydro power plant with a capacity of 24.9 MW will be built on Turgusun river in the East Kazakhstan region, Development Bank of Kazakhstan said in a message. Turgusun HPP-1 will produce up to 79.8 million kilowatt hours of electricity per year. The Turgusun hydro power plant in Zyryanovsk district of East Kazakhstan…
DetailsAccording to the official statistics figures, in September-January of the current MY Ukraine exported 60 thousand tons of high-oleic sunflower oil, up 4.2 times YoY and up 2.6 times compared with the first five months of 2014/2015 MY (14.2 thousand tons and 23.1 thousand tons respectively). Expansion of the export geography mainly influenced the reporting…
DetailsA flight between Dushanbe and Tashkent scheduled for February 23, has not taken place. Tajikistan’s privately owned airline, Somon Air, which was supposed to operate this flight, has not given any comment on this subject. Representatives of Dushanbe International Airport could not give explanation for the cancellation of the flight either. “The flight was on…
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