The state-run enterprise Ukrainian Sea Port Authority has determined the opportunities for developing ports of the Danube region. The press service of the enterprise has reported that Ukrainian Sea Port Authority Head Raivis Veckagans has given the information during his visit to Izmail, Ust-Dunaisk ports and the Reni special economic zone. “The Sea Port Authority…Details
As of early February, 772.522 KMT of wheat was supplied from Ukraine to the EU under the duty-free export quota (80.5% of the quota’s total volume). The 450 KMT corn export quota was used up completely. 18.8 KMT of barley was supplied under the export quota, or 7% of its total volume. Noteworthy is that…Details
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In January retail trade turnover in Ukraine increased by 3% YoY, the Ukrainian State Statistics Service reports. “In January retail trade turnover increased by 3.1% YoY, but dropped by 16.4% MoM,” the report states. The highest increase in retail trade turnover was recorded in Sumy region (9.7%), Kirovohrad region (8.6%), Vinnytsia region (7.7%), the city…Details
Following internal examination of the situation that led to the breakdown of the first regular flight between Dushanbe and Tashkent, the Somon Air sales manager Alisher Rustamov and other persons responsible for the breakdown of the flight have been fired and Somon Air has offered official apologies to Uzbek partners. An official statement released by…Details
Kyrgyzstan improved its indicators in logistics efficiency rating, having risen three positions up, the Director of the Pony Express company in Kyrgyzstan Janybek Karymshakov said. According to the World Bank estimates, Kyrgyzstan took 146th place in the logistics efficiency rating. There is an increase in figures. Back in 2014 the republic was on the 149th…Details
The Guarantee Fund has issued 16 guarantees for 11 million soms within four months to businessmen, Deputy Economy Minister Daniyar Imanaliev reported. According to him, as of today, one of the most problematic and unresolved issues is insufficient loan collateral. Approximately 40-50% of business applications are rejected by commercial banks because of lack of collateral.…Details
The government of Kyrgyzstan is developing a roadmap for business support. Possibility of start-ups financing is considered within the program, Deputy Economy Minister Daniyar Imanaliev announced. According to him, the program provides for the creation of additional financial instruments, in order for the businessmen to receive more support. In addition, the government is going to…Details
Kyrgyzstan shall create 45 mobile slaughterhouses in order to provide the planned large volumes of production and export of meat, Deputy Economy Minister Daniyar Imanaliev said. According to him, the government is currently developing a mechanism for concessional lending of export-oriented and import-substituting enterprises. In addition, Kyrgyzstan needs buffer infrastructure for the collection, logistics and…Details
Kyrgyzstan, using its geographical position and effectively implementing ambitious IT projects, may become “transit hub”, including the countries of Central Asia, the head of Civil Initiative of Internet Policy NGO Tattu Mambetalieva said at the opening of the 6th Forum of Information Technologies (KIT forum). The forum is held in Kyrgyzstan for the 6th time.…Details
Combined heat and power plants have been transferred to the economy mode under the order of the Kyiv mayor, due to which the capital will have enough coal by the end of the heating season, chief of staff at Kyiv City State Administration Volodymyr Bondarenko has stated. “Of the three combined heat and power plants…Details
Ukrenergo in 2016 saw net profit rise 3.7 times (by UAH 2.192 billion), to UAH 3.012 billion compared to 2015, the company said on its website. Its net income in the reporting period increased by 32% (by UAH 1.74 billion), to UAH 7.174 billion, while gross profit rose by 43.1% (by UAH 1.503 billion), to…Details
The Central Bank of Azerbaijan (CBA) raised 47.7 million mantas at a deposit auction, the CBA said. The CBA was ready to receive 150 million manats for deposit, however, the demand was less than supply. The weighted average interest rate on deposit transactions at the auction was 14.87%. The CBA started holding deposit auctions in…Details
According to the updated statistics data, in January-September 2016/2017 MY Ukraine exported 140 thousand tons of sunflower seed, which became a record figure for the reporting period during 6 recent seasons. At the same time, Ukraine supplied nearly 80% of the reporting volumes to the EU-28 countries, in particular to the Netherlands, France and Spain.…Details
In 2016 Ukraine imported almost 122,954 motor vehicles, totaling more than $1.9 billion. This is reported by UkrAutoprom (Ukrainian Motor Vehicle Manufacturers Association) on its website. In contrast to the previous year, Ukraine’s car imports increased by one third in 2016, while foreign currency expenses for their purchase rose by 74%. Most imports consisted of…Details