Ukraine would be able to earn from $200 million to $400 million from privatization of state-run enterprise Ukrspyrt, Agricultural Policy and Food Minister of Ukraine Taras Kutoviy said. “If my team manages to do this, we would be part of history for sure. We have all legal mechanisms for this. I think that the state…
The international rating agency Fitch Ratings has affirmed Kazakhstan-based JSC KazTransOil’s (KTO) Long-Term Foreign Currency Issuer Default Rating (IDR) at ‘BBB-‘ with a Stable Outlook, the rating agency reported. “The ratings reflect KTO’s strong operational and financial profile, which we expect the company to maintain at least over the medium term, as well as its…
Kazakhstan’s economy attracted more than 1.3 trillion tenges in foreign investment in January-July, up by 25% YoY, Ranking.kz analytical service said in its report. In July alone 181 billion tenges were injected into Kazakh economy, up by 5.3% YoY. However, foreign investments in fixed capital accounted only for 28% of total investments. The highest share…
Belarus’ foreign trade surplus totaled $64.3 million in January-July compared to a $974.3 million surplus in January-July 2015, the National Bank of Belarus said. The overall turnover of commodities and services in foreign trade shrank by 14.3% YoY in January-July to $32.874 billion. Exports of commodities and services reduced by 16.3% YoY to $16.469 billion,…
Belarus should make a commitment and set clear goals to reduce the share of state-owned economy and enhance management in the public sector. Galina Yaschenko, Project Manager at McKinsey&Company, made this statement on September 8, at a roundtable conference dealing with the findings of a survey, which sought to find solutions for creating a more…
Western NIS Enterprise Fund (WNISEF) created using funds of the U.S. government seeks to invest at least $5 million in commercial startups in the Ukrainian IT sector, WNISEF CEO Jaroslawa Z. Johnson said. “We have received a permit to launch a new fund for startups in the IT sector”, she noted. She said that WNISEF…
Belarus and China have stepped up efforts to reach a new level of cooperation that will include direct investments into all spheres. Deputy Head of the Belarus President Administration Nikolai Snopkov made the statement during the seminar held on September 9, to discuss ways to couple the manufacturing potentials of Belarus and China. Nikolai Snopkov…