The Bishkek mayor’s office plans to raise the salaries of local government employees, Vice Mayor Ernis Zarlykov declared at the regular session of the City Council on March 16. According to him, the mayor ordered to analyze the general policy of payment to workers of local self-government. “Today, sweepers, librarians and others receive a small…
DetailsSFGCU PJSC exported almost 1.5 million tons of grain and oilseed crops during 8 months of the current season, the press-service of the company informed on March 15. The export was carried out despite lack of grain hoppers at the level of 45% of need. Plan for March is fulfilled at 86%, more than 180…
Details“The Russian-Kyrgyz Development Fund has become an elite business fund,” Bakyt Torobayev, leader of Onuguu Progress faction, said at a meeting of Parliament on March 16. According to him, now the fund works for the interests of certain persons. Initially, it was created in order to adapt the economy of Kyrgyzstan to the norms of…
DetailsThe National Bank of Ukraine (NBU) has suggested implementing the National Security and Defense Council (NSDC) decision by banning the Ukrainian subsidiaries of Russian state-owned banks from moving capital outside Ukraine. “The imposition of such sanctions means prohibiting the carrying out of any financial operations in favor of the parent bank, i.e. granting interbank loans,…
DetailsIn February Ukraine exported a record for this month of 441.7 thousand tons of sunflower oil. However, the volume is 5% lower MoM. During the first half of 2016/2017 MY (September-February), Ukraine exported 2.7 million tons of sunflower oil, up by 23% YoY, which became a historical maximum. Analysts forecast total export of Ukrainian sunflower…
DetailsIn January-February, Kaliningrad Sea Commercial Port handled 618,000 tons of cargo, up by 38% YoY, the stevedoring company says. In the reporting period, transshipment of general cargo totaled 126,400 tons (including 114,500 tons of metal), 393,000 tons of dry bulk cargo, 38,700 tons of liquid bulk cargo, 4,100 tons of other cargo and 1,900 tons…
DetailsThe European Union is ready to provide all-round support to Belarus in developing small and medium-sized enterprises (SMEs), Head of the European Union Delegation to Belarus Andrea Wiktorin said at the presentation of the peer review project “Upgrading SME Capacity Through Business Support Services in Belarus” on March 15. Andrea Wiktorin emphasized the urgency of…
DetailsThe largest European low-cost airline Ryanair in October intends to launch its flights for four destinations flying from Kyiv and seven from Lviv. Ryanair Chief Commercial Officer David O’Brien said at a briefing in Kyiv on March 15, that flights to Eindhoven, London, Manchester and Stockholm would be launched from Kyiv. It is planned to…
DetailsTotal debts of the Ukrainian consumers for consumed electricity as of February 1, amounted to UAH 26.4 billion, of which UAH 1.2 billion was accumulated in 2017, the Energy and Coal Industry Ministry reports. In particular, this year debts of industry for consumed electricity grew by UAH 409.2 million, debts of population – by UAH…
DetailsOn March 14, the Chamber of commerce and industry of Uzbekistan held a meeting with the chairman of the board of the Canadian Business Association in Russia and Eurasia (CERBA) Nathan Hunt. In negotiations with the chairman of the Chamber of commerce and industry Alisher Shaykhov, it was noted that trade and economic cooperation between…
DetailsPakistan is interested in partnership with Kyrgyzstan in such spheres as medicine, pharmaceuticals industry, IT technologies, agriculture, and also in the mining industry, members of the Chamber of Commerce and Industry of Iran stated at a meeting with delegation of the Parliament of Kyrgyzstan. The Speaker Chynybay Tursunbekov said that Kyrgyzstan had created a liberal…
DetailsThe shareholders of Kazakhstan’s Tengri Bank and Capital Bank Kazakhstan have signed a memorandum of intent to merge, the press-services of two banks said in a message on March 15. The bank’s consolidated capital will be 43.2 billion tenge and the bank will rise to the 17th place among second tier banks in Kazakhstan. Currently,…
DetailsInformation that Ukraine is allegedly actively engaged in international court proceedings initiated by PrivatBank against the Russian Federation regarding the compensation of damage from the loss of the banking business and assets due to illegal Crimea annexation is false, the Finance Ministry of Ukraine has reported. “The Ukrainian State does not participate in the claims…
DetailsThe full gasification of Osh will be completed by 2020, the press service of the mayor’s office of the southern capital of Kyrgyzstan reported. According to it, mayor of the city Aitmamat Kadyrbayev got acquainted with the activities of the branch of Gazprom Kyrgyzstan LLC – Oshgaz, where he was told about the work done…
DetailsUkrainian enterprises in February imported gas at an average price of UAH 6,681.88, or $246.88 per 1,000 cubic meters, the Ukrainian Ministry of Economic Development and Trade reported on its website. In January the price of imported gas was $229.51 (UAH 6,032.85). The price of imported gas in January 2016 was $231.41 (UAH 5,542.82), $200.39…
DetailsNCSP Group says its consolidated cargo turnover for January-February comprised 23800 thousand tons, in line with first two months of 2016. Transshipment of cargo in February totaled 11130 thousand tons versus 12670 thousand tons in January, mostly because February was a shorter month also beset by adverse weather. In February storm warnings at the port…
DetailsBelarus’ experience in dairy farming is great and is worth to learn from, Chairman of the National Union of Milk Producers Soyuzmoloko (Russia) Andrei Danilenko said. “There is no denying that Belarus has a number of objective advantages that enable its farmers to manufacture highly-competitive products in terms of prices. Firstly, Belarus has long been…
DetailsOver the first two months of this year, Tajikistan’s inflation has stood at 1.7%, according to the National Bank of Tajikistan (NBT). In February, inflation reportedly stood at 1.1%, up by 0.5% MoM. In January, Tajikistan’s inflation stood at 0.6%, down by 0.8% YoY. The government reportedly expects the year-end inflation for this year to…
DetailsUkraine in January-February increased electricity exports by 37.2% YoY (by 263.9 million kWh), to 972.5 million kWh, a source in the Ministry of Energy and Coal Industry has reported. Electricity supplies from the Burshtyn TPP energy island towards Hungary, Slovakia and Romania increased by 48.4% (by 257.3 million kWh), to 788.5 million kWh. Electricity deliveries…
DetailsThe bumper sunseed crop Ukrainian growers managed to harvest in 2016 – 14 MMT (estimate) – predictably matters in the 2016/2017 season. Justifying expectations of analysts and market participants, both sunseed crushing and sunoil exports show a record pace. So, sunoil production by large and medium-sized crushers in the five months of 2016/2017 is estimated…
DetailsThe government of Kenya has stated it intends to purchase 450 thousand tons of Ukrainian corn, according to a letter of the Ukrainian Ministry of Foreign Affairs addressed to the Agrarian Policy and Food Ministry. “The government of Kenya decided to purchase 450,000 tons of yellow corn in Ukraine in March-May,” reads a report posted…
DetailsThe cost of additional and unforeseen works within the first phase of construction of North-South alternative route amounted to $55 million, the Ministry of Transport and Roads of Kyrgyzstan reported. A detailed working project for this phase and construction of the tunnel through Kok-Art Pass was drawn up in parallel to the construction. After the…
DetailsFarmers of seven southern Ukrainian regions have started spring grain sowing, seeding 31,000 hectares, the agriculture ministry said on March 13. Farmers have sown 18,000 hectares of spring barley, 11,000 hectares of peas and 2,000 hectares of oats, the ministry said in a statement. Farmers plan to sow a total of 7.2 million hectares of…
DetailsIn January-February Murmansk Sea Fishing Port JSC handled 48,500 tons of cargo, up by 30% YoY. The company handled 21,700 tons of fish products (-19.6%). In February, the port’s throughput grew by 19.1%, to 29,900 tons, including 12,500 tons of fish (+5%). Murmansk Sea Fishing Port handled 77 vessels including 74 vessels with fish cargo.…
DetailsThe Ministry of Finance of Kyrgyzstan and the Eurasian Development Bank signed an agreement on granting an investment loan from the Eurasian Stabilization and Development Fund to finance the project “Commissioning of the second hydroelectric unit of Kambarata HPP-2” for $110 million. In addition to the construction and commissioning of the second hydrounit of the…
DetailsThe Central Bank of Azerbaijan (CBA) left the discount rate unchanged at 15%. This decision was made at a meeting of the CBA Management Board on March 10. The CBA said the decision was made in connection with the first positive trends observed in the macroeconomy as well as new expectations. Thanks to the measures…
DetailsOn March 4-10, Ukraine exported 520.9 thousand tons of grains from the seaports, against 611.1 thousand tons in the previous week. In particular, wheat shipments reached 66.6 thousand tons, corn – 439 thousand tons, and barley – 15.3 thousand tons. Company TIS (107.9 thousand tons) and grain terminal Borivage (68 thousand tons) became the leaders…
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