The European Investment Bank (EIB) is considering the issue of a EUR 130 million to Ukrenergo for modernization of substations, according to the website of the financial institution. The EIB said the project was aimed at improving energy efficiency, reliability of equipment, reducing operating costs. Its implementation will contribute to the integration of Ukraine’s energy…
BelGee is expected to launch the production of various auto parts on time to make sure that the rate of localization is not less than 50%, Belarus’ Economy Minister Vladimir Zinovsky said during a visiting government session in Borisov district. “The second task is to launch the production of various auto parts right on schedule.…
In January-June the Ukrainian seaports processed 66.3 million tons of cargoes, up by 5% YoY, the State Enterprise Ukrainian Sea Ports Authority (USPA) declared. In particular, the export cargoes transshipment in the Ukrainian seaports reached 50.9 million tons (up by 5.4%), and import cargoes – 9.4 million tons (up by 17.6%). Traditionally, the transshipment of…
Farmers Saeima believes Latvia’s beef industry is not sufficiently developed, and existing farms have not been sufficiently stabilized – many farms have major debt. Because of that any kind of support for the industry is welcome. Considering the recently voiced information about the possible reduction of voluntary support for livestock in 2017, the Farmers Saeima…
Belarus’ rail freight volume for the first half of 2017 increased to 68.442 million tons, by 14.9% YoY, Belarusian Railways reported. Rail freight for export reached 25.97 million tons, up by 7.5% YoY. Transit traffic volume amounted to 19.272 million tons, which makes up for a 24.5% increase. In January-June Belarusian Railways secured the loading…
Azerbaijani President Ilham Aliyev has signed an order to provide funding for the construction of a road in Barda. Under the presidential order, AZN 6.8 million is allocated from the Presidential Contingency Fund for the construction of Yeni Dashkend-Umudalilar road connecting 17 residential areas with the population of 15,000 people. (AzerNews/Business World Magazine)
The consolidated index of production of goods and services in Ukraine in January-June rose by 2.2%, GDP growth is estimated at 2.5% plus or minus 0.3%, according to data released by the Ministry of Economic Development and Trade. The ministry said the increased consumer and investment demand amidst the improved business and consumer sentiment, as…