In January-July the amount of capital investments in Ukraine has grown almost by 10%, Ukrainian First Vice Prime Minister, Economic Development and Trade Minister Stepan Kubiv has said. “In the first six months of 2016, capital investments grew by 10%, actually by 9.6%. The net increase in foreign direct investments was recorded at $2.3 billion…
Standard & Poor’s (S&P) Global Ratings affirmed its ‘BBB-/A-3’ long- and short-term foreign and local currency sovereign credit ratings on Kazakhstan. The S&P also affirmed the Kazakhstan national scale ratings at ‘kzAA’, the outlook on the long-term ratings is negative, the credit-rating agency said in a message on September 12. The ratings on Kazakhstan remain…
Finland has invested 100 million euros in Ukraine’s economy over the past twenty years, Finnish Foreign Trade and Development Minister Kai Mykkanen has stated at a briefing in Kherson Regional State Administration. “It is worth noting that Finland invested 100 million euros in Ukraine over the past twenty years”, Mykkanen said, adding that many Finnish…
Azerbaijan’s state oil company SOCAR will issue US dollar bonds for Azerbaijani citizens from September 20, said the company’s website. The bonds will be on sale till October 10. The nominal value of each bond is $1,000. The annual bond yield is 5%. Interest income is not taxable and will be paid quarterly. The bonds…
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…