Kazakhstan: vegoil production down in January 2017

Kazakh production of refined and unrefined vegoils shrank to 24.6 KMT in January against 32.2 KMT a month earlier, Kazakhstan’s Statistics Agency reported.

Compared to January 2016, vegoil production gained 5.6%.

A total 325.3 KMT of vegoil was produced in 2016. (UkrAgroConsult/Business World Magazine)

Russia: net capital outflow up in January-February 2017

Russia’s net private capital outflow increased by 6.3% YoY, to $5.1 billion in January-February, the central bank said in a statement.

In January-February 2016, Russia’s net private capital outflow stood at $4.8 billion. (Prime/Business World Magazine)

Belarus: ways to boost foreign trade sketched out

An expanded-participation meeting of the board of the Ministry of Foreign Affairs of Belarus reviewed the ministry’s performance in 2016, the press service of the ministry reported. The meeting gathered members of the government, representatives of the Belarus President Administration, the National Assembly, the National Bank, heads of the national government agencies, region executive committees…


Ukraine: Economic Development Ministry wants to regulations that hinder entrepreneurship cancelled

The Economic Development and Trade Ministry has developed a set of documents aimed at the abolition of some regulations that create legal obstacles for business activities in Ukraine, Deputy Economic Development and Trade Minister Maksym Nefyodov has said at a government meeting on March 10. “We’ve development a large set of documents aimed at the…


Ukraine: Ecology Ministry to build solar plants in Chornobyl’s exclusion zone

Ukrainian Ecology and Natural Resources Minister Ostap Semerak says that the development of renewable energy companies is a way to the full energy independence of Ukraine. “Ukraine, along with traditional energy, is actively working on the development of renewable energy. The introduction of renewable energy production will give an opportunity for our state to receive…


Turkmenistan: Altcom Group to strengthen positions

Head of Ukraine’s Altcom Financial-Industrial Group Alexander Tislenko, during his meeting with Turkmen President Gurbanguly Berdimuhamedov, spoke about the interest of his company to further strengthen positions on prospective Turkmen market. The company intends to actively participate in planned large-scale projects and programs, which are of great importance for strengthening and increasing the potential of…


Uzbekistan: Japan allocates over $500,000 for social projects

Japan has allocated grants worth $551,100 to Uzbekistan for the implementation of eight social projects, the Japanese embassy said. The grants are allocated through the Japanese governmental program “Official Development Assistance” (ODA), the embassy said. Uzbek Deputy Minister of Healthcare Elmira Basitkhanova, the country’s First Deputy Minister of Public Education Bakhtiyor Daniyarov and Japanese Ambassador…


Ukraine: Boryspil ranks third in European airports growth rate ranking

Boryspil International Airport has become one of the leaders in the European airports rating of ACI Europe (Airports Council International). “Boryspil International Airport increased the number of attracted passengers by 18.8%, according to the previous year ratings, ranking the third place in the airports growth rate, annually handling from 5 to 10 million passengers. Berlin…