Kyrgyzstan: cement production down

Production of cement declined after Kyrgyzstan’s accession to the Eurasian Economic Union. This was stated at the board meeting of the State Committee for Industry, Energy and Subsoil Use. According to the deputy chairman of the committee Kuban Myrzakanov, large volumes of cement made in Kazakhstan started arriving with which the domestic market can not…

Details

Tajikistan: government initiates formation of reserve fund for unforeseen expenses

The government of Tajikistan has initiated the formation of the reserve fund in the national budget for extraordinary expenses. The so-called “safety cushion” will be created from the resources of state-owned enterprises (SOE) with an allowance for potential risk from them. The strategy of managing fiscal risks from state-owned enterprises designed for the period until…

Details

Kazakhstan: banks to face solvency risks over 12-18 months

Moody’s Investors Service expects Kazakh banks to continue facing solvency risks over the next 12-18 months amid a challenging business environment, the rating agency said in its report entitled “Banks – Kazakhstan; Heightened Insolvency Risks Drive the Negative Outlook”. “Asset quality remains weak across Kazakhstan’s banking sector as the depreciated tenge, combined with challenging operating…

Details

Belarus: meat and dairy companies stay committed to high standards of quality

Belarusian meat and dairy companies adhere to the highest standards of quality, Nadezhda Kotkovets, Deputy Head of the Presidential Affairs Department, declared. “We know the safety and quality requirements. All the companies take these requirements seriously and comply with them in full,” Nadezhda Kotkovets noted. “Complaints from Russia are immediately analyzed and dealt with. In…

Details