Holders of eurobonds of the nationalized PrivatBank (Dnipro) seek to challenge the forced exchange of their securities to the additionally issued shares in the London Court of International Arbitration (LCIA). Dechert law firm acts as advisor to the bondholders. The holders of the bonds, including First Geneva Capital Partners, Pala Assets and Pioneer Investment Management,…Details
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GDP growth rate in Turkmenistan will amount to 6.5% in 2017, according to the January 2017 Global Economic Prospects report of the World Bank (WB) published on its website. Turkmenistan will also increase the economy’s growth by 6.8% in 2018 and by 7% in 2019, according to the WB forecasts. GDP growth rate in Turkmenistan…Details
The National Anti-Corruption Bureau of Ukraine (NABU) is investigating into crimes committed by some banks that removed refinancing loans abroad, NABU Director Artem Sytnyk has said. “We have a criminal case concerning some banks that removed the refinancing funds abroad, including via Austrian banks and eventually to offshore companies”, he said. He did not disclose…Details
In January-December 2016 seaports of Ukraine handled 131.998 million tons of cargo (-8.9%), says press center of Ukrainian Sea Ports Authority. Transshipment of export cargo totaled 100.395 million tons (- 3.3%), imports – 16.013 million tons (- 10.8%), transit – 10.370 million tons (-34.8%), inland traffic – 5.220 million tons (- 23.7%). State stevedores under…Details
Production of milk and cream for baby food increased by 52% YoY during the first 11 months of 2016. The increase was reasoned by the promotion of baby food production and development of the draft law on baby food. This is reported by the press service of the Agrarian Policy and Food Ministry of Ukraine.…Details
Industrial prices in Ukraine in 2016 increased by 35.7%, while in 2015 by 25.4%, in 2014 by 31.7%, the State Statistics Service has said. According to its data, in December last year the increase in industrial prices accelerated to 3.2% from 2.2% in November, mainly due to the higher cost of goods in such industries…Details
Uzbek government takes steps to expand fruit and vegetable exports and find new markets, as part of its priority objectives. In 2016 the government passed over ten legislative acts to expand fruit and vegetable exports and support exporters. The September 19, 2016 Resolution, which lowered the rate of currency revenue sale rate from 50% to…Details