Ukraine: Finance Ministry and PrivatBank sign memorandum of cooperation

The Finance Ministry of Ukraine and PrivatBank signed a memorandum of cooperation, which would allow using unique achievements and technologies of the bank in the IT industry to create a unified system for verifying budgetary payments in Ukraine, the PrivatBank press service reports. According to Finance Minister Oleksandr Danyliuk, the national budget annually loses billions…


Belarus: first berry harvester undergoing testing

The new berry harvester designed by the National Academy of Sciences of Belarus is intended for harvesting currant, raspberry, black chokeberry, and other varieties, Sergei Yakovchik, the director general of the research and practical center for agriculture mechanization at the National Academy of Sciences of Belarus, reported. Currently, the berries are harvested in Belarus with…


Kazakhstan: PM surveys reconstruction of an airport in NKO

Prime Minister of Kazakhstan Bakytzhan Sagintayev visited North Kazakhstan region. While in the region, the premier surveyed the progress of reconstruction and familiarized with the prospects of development of transit potential of the Petropavlovsk International Airport. Vice governor of North Kazakhstan region Anton Fedyayev briefed Prime Minister Sagintayev on reconstruction of the terminal and landing…


Ukraine: Finance Ministry authorized to prolong agreement with EIB on EUR 200-million loan

The Cabinet of Ministers has authorized the Ministry of Finance to prolong the agreement with the European Investment Bank (EIB) on attracting EUR 200 million for financing the reconstruction of infrastructure destroyed during the military operations, as well as for resolving the problems of internally displaced persons. The relevant draft order was adopted by the…


Latvia: demand for seasonal fruit increases

Compared with the previous year, demand for seasonal fruit grew this summer: 31% for peaches, 35% for plums and 63% for apricots at Maxima Latvia supermarkets. “Although residents also put unusual fruit in their baskets, such as plum and peach hybrids, preference remains high for usual seasonal fruit – peaches, plums, cherries, etc. Last summer,…


Azerbaijan: Tehran-Baku railway cooperation to bear first fruit soon

Iran and Azerbaijan are expected to launch transporting goods and cargos through the International North-South Transport Corridor in the coming months, amid efforts to boost trade ties between the two neighboring countries. Mohammad Ebrahimi, economic consultant at Iranian Embassy in Baku, said that the goal of cooperation between the two neighboring countries would be fulfilled…


Ukraine: PrivatBank’s supervisory board attracts McKinsey to draw up bank’s strategy

The supervisory board of PrivatBank (Kyiv) has announced McKinsey & Company the winner of a tender to select an internationally recognized company responsible for drawing up a strategy of the financial institution. PrivatBank said in a press release that the objective of this assignment was to design a market strategy to optimize PrivatBank operations while…


Ukraine to intensify free trade with Georgia

Ukrainian president Petro Poroshenko has announced he has agreed with his Georgian counterpart Giorgi Margvelashvili to facilitate economic partnership and deepen the free trade area. “We’ve agreed to intensify economic partnership, remove all barriers, coordinate tariffs, including for rail and ferry services, and deepen the free trade area,” he said at a joint press conference…


Ukraine: Ukroboronprom arms exports up in 2016

The state-run Ukroboronprom Concern managed to increase the export of Ukrainian arms by 25% in 2016, Deputy General Director for Ukroboronprom development, Artur Kheryvimov stated at a press conference at Kherson Regional State Administration. “Over the past year, we (Ukroboronprom) have increased our exports by 25% – from $570 million to $770 million,” said Kheryvimov.…


Belarus: GDP up in H1 2017

According to initial estimates, Belarus’ gross domestic product totaled Br47.3 billion in January-June or 101% as against January-June 2016 in comparable prices, the National Statistics Committee of Belarus declared.

In January-June the deflator index of Belarus GDP totaled 107% as against the same period of last year. (BelTA/Business World Magazine)