Prime Minister of Ukraine Volodymyr Groysman believes the goal for 2018 is to achieve economic growth in the amount of 5% of GDP. “We need a quality economic environment, we need investments that will allow us to grow rapidly in 2018. Our goal is more than 5% of GDP. This is what is achievable, something…
According to the Statistics Committee at the Ministry of National Economy of the Republic of Kazakhstan, in August the production of wheat flour in the country increased by 6% MoM and totaled 291.5 thousand tons, which broke a record for the month. In the reporting month Kazakhstan produced 317.8 thousand tons of flour from grain…
The Estonian state-owned port company Port of Tallinn is planning on launching the first vehicle gateways outfitted with automatic license plate recognition as part of its EUR 7 million project to upgrade gates and waiting areas in Tallinn’s Old City Harbor. The Port of Tallinn will implement the Smart Port concept in Old City Harbor,…
The Riigikogu has ratified the EU-Canada Comprehensive Economic and Trade Agreement (CETA), which will give European companies the opportunity to operate under the same competition conditions as Canadian firms. 66 members of the Riigikogu voted in favor of the motion and 1 was against, according to a Riigikogu press release. Chairman of the Foreign Affairs…
Compared to July, the level of construction costs in Latvia grew by 0.1% in August. Maintenance and operational costs of machinery and equipment rose by 0.4%, labor remuneration of workers decreased by 0.1%, whereas prices of building materials did not change significantly. Compared to August 2016, construction costs increased by 2.3%. Labor remuneration of workers…
The Belarusian heavy truck manufacturer BelAZ and the electric motors manufacturer OOO Sibelektroprivod signed an agreement on strategic partnership in Novosibirsk. The two companies will continue working together as part of the joint project aimed at creating an electric traction drive for BelAZ dump trucks with the carrying capacity of 90 tons. Apart from that,…
The level of inflation in Ukraine at the end of 2017 may be higher than the current forecast of the National Bank of Ukraine at 9.1%, which may force the NBU to apply a more stringent monetary policy, reads a statement on the central bank’s website referring to Deputy NBU Governor Dmytro Solohub. During a…