The Asian Development Bank’s (ADB) Board of Directors has endorsed a 5-year Country Partnership Strategy for Turkmenistan to support regional cooperation and economic diversification during 2017-2021. The Bank announced that the document was ADB’s first full Country Partnership Strategy (CPS) with Turkmenistan since the country joined ADB in 2000. Turkmenistan has made important progress in…
The European Investment Bank (EIB) will issue a loan of EUR 130 million to Ukrenergo for modernization of substations, according to the website of the financial institution. The corresponding project was approved by the financial institution on November 16. The EIB said the project was aimed at improving energy efficiency, reliability of equipment, reducing operating…
Production of sugar in Ukraine as of November 15 amounted to 1.38 million tons. According to the Ukrtsukor National Association of Sugar Producers, on the specified date 41 sugar factories were functioning in the country, which by now had processed 9.79 million tons of sugar beets. As reported, the new season of sugar production in…
Port operator Port of Tallinn (AS Tallinna Sadam) announced that they would get listed at the Tallinn Stock Exchange. This step follows the course outlined in the coalition agreement signed by the Center Party, the Social Democrats, and the Pro Patria and Res Publica Union (IRL) a year ago. According to the agreement, the plan…
In the first ten months of 2017, airBaltic carried a total of 3,007,034 passengers to destinations in Europe, Scandinavia, Russia, CIS and the Middle East. In October airBaltic carried 319,018 passengers or 26% more than last year. “We are happy to announce than more than 3 million passengers have used our services this year, which…
Cargo transported on the infrastructure of the Estonian state-owned railway infrastructure company Estonian Railways (EVR) in October totaled 1 million tons, up by 10.4% YoY. “I am glad that we have been able to put an end to the downward trend in freight volumes, and we are doing our utmost for the results of the…
The National Bank for Foreign Economic Activity of Uzbekistan concluded loan agreements with leading German banks for a total of 950 million euros, the bank reported. The agreements were signed during the visit of a governmental delegation of Uzbekistan headed by Prime Minister Abdullah Aripov to Germany. The Uzbek-German business forum was held in Munich…