The refinancing rate of the National Bank of the Republic of Belarus (NBRB) was reduced from 17% to 16% per annum on February 15, the NBRB Information and PR Office reported. Apart from that, the interest rate on standing and bilateral operations designed to keep up the current liquidity of Belarusian banks was reduced from…
DetailsClosed Joint-Stock Company Tajprombank (Tajik Joint-Stock Commercial Industrial Bank for Reconstruction and Development), one of Tajikistan’s distressed commercial banks, does not hurry up to pay out savings to its customers. The customers complain that they cannot take their money from the bank, although it received 450 million somoni from the government at the beginning of…
DetailsPresident Emomali Rahmon held a meeting with senior representatives of the Dushanbe administration. The meeting took place at the Kokhi Borbad State Complex and members of the government, parliamentarians, heads of financial institutions as well as representatives of the public and journalists also attended the meeting. The meeting focused on issues related to seeking solution…
DetailsAt least 44.2 million kilowatt-hours of electricity or 11.6% was saved in Bishkek in January, press service of Severelectro JSC reported. According to it, in January, all consumers of Severelectro saved 81.8 million kilowatt-hours of electricity, or 10.1% of the plan. They totally consumed 722.8 million kilowatt-hours. However, it is still 56 million kilowatt-hours more…
DetailsS&P Global Rating (S&P) has assessed the banking system of Ukraine as highest-risk system under its Banking Industry Country Risk Assessment (BICRA), S&P has said in its report. “The economic risk in the Ukrainian banking system remains one of the highest in a global comparison, as reflected in our score of ’10’ (the highest-risk systems),…
DetailsIf Kyrgyzstan hadn’t joined the Eurasian Economic Union, the GDP growth of the country by the end of 2016 would have hardly amounted to more than 0.1%, Vice Prime Minister of Kyrgyzstan Oleg Pankratov said. According to him, integration blocks will play the main role on the world stage in the near future. At the…
DetailsTo neutralize the negative tendency after Kyrgyzstan’s accession to the Eurasian Economic Union, it is needed to switch to e-document management as soon as possible, the head of the Chamber of Tax Consultants Tatyana Kim announced. Tatyana Kim cited as a negative example the large flow of unaccounted goods through the Kyrgyz-Kazakh border. The volume…
DetailsPresident of Kyrgyzstan Almazbek Atambayev signed a law on the introduction of online registration of real estate, Information Policy Department of the President reported. Changes relate to Article 18 of the law and introduce a norm that the local registration authorities also accept applications in online mode in the manner, determined by the government of…
DetailsThe State Service for Combating Economic Crimes (Financial Police) intends to mobilize all resources to fight against the shadow economy, the head of department Zamirbek Osmonov said. According to him, after broadening of powers the service will start revealing shadow schemes, detecting false bankruptcy facts and pseudo-entrepreneurship, and fighting against smuggling. 90% of the violations…
DetailsThe initiative of Ukrzaliznytsia to increase the cargo transportation tariffs by rail in 2017 by 25% is unreasonable now, the tariffs should be increased no earlier than summer and the percentage by which they will be increased should be set much lower, the head of the Verkhovna Rada committee on industrial policy and entrepreneurship Viktor…
DetailsNational Nuclear Generating Company Energoatom and General Electric Hitachi, Global Nuclear Fuel will study the prospects of cooperation, the press service of the Ukrainian company has reported. “Energoatom President Yuriy Nedashkovsky, Vice President of General Electric Hitachi in Europe David Powell and Global Nuclear Fuel CEO Amir Vexler held a meeting. At the meeting representatives…
DetailsUkrainian Prime Minister Volodymyr Groysman stated that 2016 was the year of economic recovery, and industry, construction sector, and agriculture showed the best growth rates. “I would like to emphasize that 2016 marked the resumption of growth of Ukrainian economy. We observed progress in all the economy sectors,” Groysman said. He noted that industry, construction…
DetailsUkraine has not been purchasing gas from the Russian Federation for 440 days already, Ukrainian Prime Minister Volodymyr Groysman said at a Cabinet’s meeting.
“We have been living without Russian gas for 440 days already. This is a matter of our energy independence,” Groysman said. (Ukrinform/Business World Magazine)
Aivar Baikenov, the Head of Asset Management Divisionof Kazkom Securities commented on the situation with the exchange rate of Kazakhstani tenge. “Tenge strengthening, in our opinion, is only temporary. It was caused by two factors. The first is a favorable and stable situation on the oil market, where we see, in fact, minimal fluctuations in…
DetailsLast month Tajikistan’s inflation stood at 0.6%, down by 0.8% YoY, according to the National Bank of Tajikistan. The government reportedly expects the year-end inflation for this year to stand at 7%. The year-end inflation for 2016 stood at 6.1%, down by 0.9% from the forecast. Tajik central bank notes that an average monthly inflation…
DetailsIn January, despite the interventions of the National Bank, international reserves of Kyrgyzstan increased by 14 million soms. The data was presented by the National Bank of Kyrgyzstan. At the end of January the volume of reserves formed in the amount of $1,983.07 billion. At the same time, the National Bank held two interventions. It…
DetailsLoans to farmers in Kyrgyzstan in 2017 will amount to 7 billion soms, the Minister of Agriculture, Food and Land Reclamation Nurbek Murashev said. According to him, the processors will have the minimum interest rate. They will be issued loans at 6% per annum. “Loans for the development of animal husbandry and agriculture will be…
DetailsSolvent banks in the fourth quarter of 2016 reduced the debt to the National Bank of Ukraine (NBU) on refinancing loans by UAH 5.058 billion, or by 18%, to UAH 22.995 billion, according to the regulator’s website. According to the NBU, the loan principal on January 1, 2017 amounted to UAH 22.57 billion. “Most of…
DetailsIn 2016 the State Customs Service of the Kyrgyz Republic has collected 29.3 billion soms, its first deputy chairman Altynbek Torutaev said. According to him, in comparison with actual receipts of customs duties from the third countries in 2015, 8.6 billion soms more have been collected, up by 141.3%. Customs payments without fees amounted to…
DetailsExports of agricultural products in Kyrgyzstan in 2017 will amount to 500,000 tons, Deputy Minister of Agriculture, Food and Land Reclamation Erkinbek Choduev said. According to him, it is 50,000 tons more than in 2016. “Basically, we send honey and dried fruit to the European Union, to the EEU countries – vegetables, dairy products,” the…
DetailsCompletion of Bishkek – Kara-Balta road reconstruction project requires 2.5 years, the Minister of Transport and Roads Zhamshitbek Kalilov said. According to him, it is planned to start the work in late April. But now it turns out that the project was changed a little. Due to lack of funds, the work will be started…
DetailsAt least 150 tons of mutton have been exported from Kyrgyzstan to Iran since July 2016, the press service of the Kyrgyz Ministry of Economy reported. According to it, representatives of veterinary service of Iran paid a visit to Bishkek. In 2017, it is planned to export to Iran more than 350 tons of meat.…
DetailsAbout 85% of the area under winter crops are in a good and satisfactory condition, head of the agrometeorological department of the Hydrometeorological Center Tetiana Adamenko has reported. “In general, the situation with winter crops is satisfactory, 85% of crops are alive and will give a good harvest,” she said. According to Adamenko, there are…
DetailsThe plants of Ukroboronprom state concern have 100% fulfilled the state defense order in 2016 and military men were given 2,139 units of new and modernized weapons and equipment. Among them are 109 units of armored vehicles, 36 units of air force and air defense equipment, 766 rocket and artillery units, 712 rockets and ammunition,…
DetailsIn January the volume of air operations carried out by Ukrainian airline companies increased by 57.5% in contrast to the same period last year and came to 676.5 thousand passengers. In particular, the volume of international air operations increased by 60.6%, totaling 608.2 thousand passengers, the press service of the Ukrainian State Aviation Administration reports…
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