Milkiland, a dairy group with assets in Ukraine, Russia and Poland, expects to finish the negotiations with a syndicate of banks consisting of Austria’s UniCredit Bank Austria AG and Russia’s Raiffeisenbank and find a mutually acceptable solution on resolving the indebtedness. The group said in a financial report for the first nine months of 2016,…
The average construction price index fell slightly in 2016, although it increased in the last quarter of the year, driven mainly by increasing labor costs. According to Statistics Estonia, in 2016 the construction price index fell by 0.8% YoY. Labor costs in the sector increased by 1.2%, the cost of machinery decreased by 1.1%, and…
The economic growth of Estonia in 2017 will be slower than previously expected, Swedbank economists have announced lowering their previous economic forecast for the Baltic country by 0.2% to 2.2%. The economists have at the same time raised their forecast for gross domestic product increase in 2018 by 0.3% to 2.8%. They expect that household…
The introduction by Belarus of visa-free entry for a period of up to five days for citizens of 80 countries arriving through the Minsk National Airport does not pose any risks to the republic and neighboring countries, Belarusian President Alexander Lukashenko said. “The document was drafted for 1.5 years and was thoroughly verified by all…
Coal stocks in the warehouses of Ukrainian thermal power plants (TPPs) are almost at the minimum supply level – 19.2 million tons, according to Vice Prime Minister of Ukraine Volodymyr Kistion. “The situation with the heating season is stable and under control, no unexpectedness. As I’ve noted, ‘Armageddon’ is not expected, coal stocks are almost…
At present 120 thousand kilometers of local roads in Ukraine need to be reconstructed, Minister of Regional Development, Construction, Housing and Utility Services Hennadiy Zubko has said. “At present 120 thousand kilometers of roads – the local infrastructure that we must renew. UAH 400 thousand is the cost of a central road which runs through…
The Irish Stock Exchange (ISE) has placed new eurobonds of DTEK Energo issued under the debt transaction of the company to its listing. The exchange said that the bonds worth $1.275 billion were issued. On December 29, 2016 DTEK Energo exchanged old securities to newly issued securities. $750 million bonds due April 4, 2018 and…