Ukraine: NBU to introduce new approach to banking supervision by 2018

The National Bank of Ukraine (NBU) intends by 2018 to transfer to a new model of banking supervision, which will be based on a risk-based approach, a source in the banking circles reported, with reference to NBU Deputy Head Yekateryna Rozhkova, during the regulator’s traditional meeting with bank representatives

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Kazakshtan: 1.6 million tons of flour exported in January-September 2016

During 9 months of 2016 Kazakhstan supplied 1.6 million tons of flour to foreign markets, up by 36.2% YoY, the monitoring agency Energyprom.kz reported

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Ukraine: Finance ministry backs expansion of division fighting capital outflow via transfer pricing

The division of the State Fiscal Service fighting capital outflow via transfer pricing should be expanded and reinforced, Finance Minister Oleksandr Danyliuk has said

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Belarus: supplies of agricultural machines to Uruguay under consideration

Belarusian Deputy Minister of Foreign Affairs Evgeny Shestakov met with Uruguay’s Deputy Minister of Livestock, Agriculture and Fisheries Enzo Benech and Executive Director of Uruguay XXI Antonio Carambula to discuss possible supplies of agricultural equipment for small and medium-sized Uruguayan farms, the press service of the Belarusian Ministry of Foreign Affairs reported

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Ukraine: 61.6 million tons of grain and leguminous crops threshed

Ukraine as of November 25, had threshed 61.6 million tons of grain and leguminous crops from 13.6 million ha (95% of the forecast). According to the press service of the Agricultural Policy and Food Ministry, with the forecast being 5

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Belarus: Belenergo and Czech-Belarusian Chamber of Commerce and Industry to step up cooperation

The Belarusian national electrical company Belenergo and the Czech-Belarusian Chamber of Commerce and Industry signed a memorandum of understanding in Prague, the website of the Belarusian Energy Ministry reported

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Ukraine: UNDP to buy medicines under 17 programs using 2016 budget funds

The United Nations Development Program (UNDP) will buy medicines under 17 state-funded programs for $48.5 million using 2016 budget funds. The first batch will arrive soon, UNDP Coordinator Zafar Yuldashev has said

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Belarus: industrial recession over

Industrial recession in Belarus is over, Vice Prime Minister Vladimir Semashko said. “I am happy that we have survived through the crisis

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Belarus: Europe-China transport corridor strategy suggested

A strategy of a sustainable multimodal transport corridor from Europe to China was suggested by the Chairman of the Council of the Republic of the National Assembly of Belarus Mikhail Myasnikovich at the UN Global Sustainable Transport Conference in Ashgabat

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Belarus: Belarusian-made equipment absolutely competitive

Belarusian equipment is absolutely competitive, Belarus’ Deputy Prime Minister Vladimir Semashko said. “In terms of the price-quality-maintenance ratio, our equipment is absolutely competitive”, Vladimir Semashko said

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Ukraine: full-featured energy market being created

Ukrainian Prime Minister Volodymyr Groysman has said that the full-featured energy market is being created in Ukraine. “The market is competition, including competitive prices for consumers

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Belarus: ways to introduce IFRS at major state-run enterprises under consideration

In view of recommendations of the International Monetary Fund (IMF) Belarus is considering ways to introduce the International Financial Reporting Standards (IFRS) at major state-run enterprises

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Turkmenistan joins agreement on Trans-Asian Railway Network

Turkmenistan has joined the Intergovernmental Agreement on the Trans-Asian Railway Network, Intergovernmental Agreement on the Asian Highway Network, as well as the Intergovernmental Agreement on Dry Ports, the country’s Oil and Gas Complex said in a message

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Ukraine: Ukrenergo power transmission down in January-October 2016

National energy company Ukrenergo in January through October cut electricity transmission through the country’s backbone and interstate power grids by 9

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Azerbaijan: Supervisory Council of VTB Bank expanded

Gorkhmaz Aghayev has become a member of the Supervisory Council at the OJSC VTB Bank Azerbaijan, said a message posted on the bank’s website

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Kazakhstan: huge greenhouse complex built

A huge greenhouse complex of 12 ha has been built in Kazakhstan, KazAgro National Holding reported. The official launch of the complex, the largest in the country, is scheduled for early December

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World: OECD revises 2017 global economic growth forecast

The Organization for Economic Co-operation and Development (OECD) has revised the real world GDP growth for 2017 by 0.1% as compared to September estimations to 3

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Ukraine: UIA expands fleet with another Boeing 737-800 NG

Ukraine International Airlines (UIA, Kyiv) has expanded its fleet with another Boeing 737-800 NG. According to the press service of the company, the delivery of another airplane was the final stage of the program of the fleet expansion and improving in 2016

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Azerbaijan: management of NIKOIL Bank to be changed

Shareholders of Azerbaijan’s NIKOIL Bank CJSC will discuss the change of composition of the bank’s Supervisory Board on January 16, 2017

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Uzbekistan: ADB allocates $154 million to develop horticulture

The Asian Development Bank (ADB) has approved of a $154 million loan to enhance horticulture value chain development in all 12 regions of Uzbekistan and the autonomous region of Republic of Karakalpakstan

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Ukraine: AMC allows Tigipko to buy Universal Bank

The Antimonopoly Committee of Ukraine (AMC) has allowed ex-Deputy Prime Minister for Social Policy Sergiy Tigipko, the founder and major shareholder of TAS Group, to indirectly acquire Universal Bank (Kyiv) through Bailican Limited (Cyprus)

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