The Aga Khan Fund for Economic Development (AKFED) has added another telecoms operator to its portfolio by buying Telia Company’s 60% stake in Tajikistan operator Tcell. AKFED already owned the other 40% and is reportedly paying just $27.7 million for the rest. AKFED owns Afghanistan’s Roshan mobile operator, which in turn also owns Smart Telecom,…Details
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The Belarusian government expects real revenues of the population to rise, Prime Minister of Belarus Andrei Kobyakov declared. According to the head of government, real salaries in Belarus rose by 1% in Q1 (by 0.5% in January-February). According to statistics, in March the average salary was slightly above Br770. “Salaries are on the rise. The…Details
In 2017, the amount of investment income made 51.5 billion tenge, according to CEO of the JSC Unified Accumulative Pension Fund Nurbubi Nauryzbayeva. In her words, in the first quarter of 2017, pension assets increased by 153 billion tenge and comprised 6 trillion tenge as of April 1. 98% of all the retirement savings was…Details
Diamantbank (Kyiv) that was declared insolvent on April 25, reported that the bank saw profit in January-March after four quarters of seeing losses. According to a bank report, it saw UAH 1.7 million of net profit in January-March, while a year ago its net loss was UAH 287.404 million. Net interest income over the period…Details
PJSC Ukrzaliznytsia has stated it does not carry out any activity in the territory uncontrolled by Ukraine, the Ukrzaliznytsia department of information policy and public relations has said. “The company does not use rolling stock for any transportation in the occupied areas of Donetsk and Luhansk regions,” the statement said. Ukrzaliznytsia also notes there is…Details
Ukraine will resume supply of electricity to the uncontrolled territories of Luhansk region if the debt is repaid, Minister of Energy and Coal Industry Ihor Nasalyk has said. The minister said the decision to cut off power supply was not political but economic. “All the enterprises that were registered in the uncontrolled territory of Luhansk…Details
In January-March the production volumes of flour in Ukraine totaled 475 thousand tons, an increase of 0.6% compared with the same period last year, the State Statistics Service of Ukraine reported. Also, in the reporting period Ukraine significantly increased the production of crude sunflower oil, which reached 1.448 million tons, up by 35.7% YoY. The…Details