PrivatBank (Dnipro) denies claims of creditors, liabilities of which were exchanged to additionally issued shares during the nationalization of the bank. “It is no secret that temporary administration (the Individuals Deposit Guarantee Fund) jointly with the National Bank of Ukraine (NBU) conducted the bail-in transaction when some passives affiliated with former shareholders as the NBU…Details
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Ukraine in February does not plan to resume electricity exports to the CIS (Belarus, Moldova, Russia), despite the surplus of electricity projected earlier, as repair of three reactors of Ukrainian nuclear power plants (NPPs) will be finished. According to the forecast balance of Ukrainian power grid for February posted on the Energy and Coal Industry…Details
OOO BelKumysProm in Logoisk district, Minsk region is considering the possibility of exporting dairy horse breeding technologies, the company’s director Oleg Sivchenko said. The BelKumysProm director said: “We intend to seriously start selling dairy horse breeding technologies abroad. In particular, negotiations are in progress with several regions of Russia, with Kazakhstan and Lithuania. The company…Details
Ukraine’s GDP growth in 2016 was around 2%, the Economic Development and Trade Ministry reported. “The Ukrainian economy in 2016 showed signs of gradual overcoming negative consequences of long crisis, strengthening of macroeconomic stability and restoring economic growth,” the ministry said. Consolidated Production Index last year grew by 4.1% after a decline by 6.1% in…Details
In a report released at a news conference in Dushanbe, Zafar Azimi, the deputy head of the Accounts Chamber of Tajikistan, revealed that financial harm cost the country some 224 million somoni (equivalent to some $30 million) in 2016. “530 inspections conducted by the Accounts Chamber auditors last year revealed some 224 million somoni worth…Details
President Shavkat Mirziyoyev signed the Resolution “On Additional Measures for Improvement of Wage, Pensions, Welfare Benefits and Stipend Payment Mechanisms.” The resolution outlines unprecedented steps to secure the rights and interests of pensioners, students and other socially vulnerable groups, who will now have fewer hurdles in paying for goods and services across Uzbekistan. The resolution…Details
Loan rates for farmers will be reduced in Kyrgyzstan in 2017, the head of the Kyrgyz government Sooronbay Jeenbekov announced. Loans for the treatment and processing of agricultural products, export-oriented agricultural production will be issued at 6% per annum for three years. Compared to 2016, the rate has been reduced by 4%. It stipulates for…Details