Shadow economy in Ukraine fell by 6% YoY in the first quarter of 2017, to 37% of GDP, according to the analytical report published on the Ukrainian Economic Development and Trade Ministry’s website. The ministry noted that the de-shadowing stemmed directly from ensuring macroeconomic stabilization and economic growth, wage growth against the backdrop of reducing…
Reconstruction work at Lennart Meri Tallinn Airport remains on schedule and will have been in large part be completed by October 12, before construction of the airport’s new parking garage begins next year. “Tallinn Airport has reached the fourth interim stage with the currently ongoing air traffic area development project, which is to last until…
Tajik President Emomali Rahmon, within his New-York visit to attend the high-level events of the United Nations, met with U.S. business circles. Speaking at the event, Rahmon underlined Tajikistan’s interest in good and comprehensive relations with the United States and called this meeting an important mean for expanding interstate economic and trade cooperation. Referring to…
The supervisory board and owner of the Estonian state-owned energy group Eesti Energia have given their approval for expanding the company’s electricity retail business to the Finnish and Swedish markets. The company plans to launch retail sales in both countries in the first half of next year. According to Eesti Energia CEO Hando Sutter, a…
In January-August water transport of Ukraine carried 3.6 million tons of cargo, down by 11.4% YoY, says State Statistics Committee of Ukraine. Cargo turnover grew by 11.6%, to 2,875.9 million t-km. All types of transport carried 414.1 million tons (+3.6%). At the same time water transport carried 0.4 million passengers (+40.2%). According to State Statistics…
Implementation of e-payment system in public transport has started in the capital of Turkmenistan. Three types of e-cards for payment (general, for schoolchildren, for pensioners) appeared at various points of sale of Ashgabat city. General e-cards operate as e-wallets, and cash is automatically withdrawn from the balance of an e-card when brought close to a…
Industrial production in Ukraine in August increased by 1.2% YoY, while in July it fell by 2.6%, the State Statistics Service has said. The agency said taking into account adjustment for the effect of calendar days industrial production in August rose by 1.7% YoY. The service said in relation to the previous month industrial production…