The state-owned power generating company Centrenergo in the first half of 2018 reduced net profit by 78.3% YoY, from UAH 2.019 billion ($75.8 million) to UAH 439.3 million ($16.5 million). Net income from sales amounted to UAH 7.97 billion over the period under review, up by 32%, according to a company announcement in the National…
Belarus plans to export agricultural products worth $100 million to China in 2018, Belarus’ Deputy Prime Minister Mikhail Rusy declared. “Last year we exported $17 million worth of agricultural products to China. We believe that this is not enough as the market is very big. We aim for $100 million in agricultural exports to the…
The economic growth of Tajikistan in January-June accelerated to 7.2% compared to 6% in the same period of 2017, chairman of the Tajik National Bank Jamshed Nurmahmadzoda said. In nominal terms Tajikistan’s GDP in January-June amounted to 27.7 billion somoni (over $3.02 billion), according to Reuters. Inflation in the consumer sector slowed to 0.9% in…
Azerbaijan may increase wine exports 2-fold by the end of 2018, Chairman of the Azerbaijan Wine Producers and Exporters Association Elchin Madatov declared. “The export of Azerbaijani wine products exceeded $4 million in the first half of 2018, up by 80% YoY,” Madatov said. “By the end of 2018 we expect a 100% increase in…
Gnidava Sugar Refinery continues to modernize production. The installation of “Babbini” beet pulp presses is in the final stage. The equipment is intended for pulp spinning after diffusion, the deputy chairman of the investment board Glib Galkevych reported. “Two thirds of equipment have already been installed, we begin to bring it all in operation. We…