Uzbekistan has significantly increased its trade turnover with the countries of the Central Asian Regional Economic Cooperation (CAREC) in the first three quarters of 2018, Foreign Trade Minister Jamshid Khojayev declared. “It is good to see that trade with CAREC member countries is growing at an accelerated pace. In the three quarters of this year,…
Ukraine’s state-run railways operator, JSC Ukrzaliznytsia, says five more locomotives built by U.S. GE Transportation’s Pennsylvania-based plant have arrived at Ukraine’s port of Chornomorsk. As was the case with 15 previously delivered U.S. locomotives, the five would be sent to Ukraine’s Kremenchuk-based PJSC Kryukivsky Railway Car Building Works for final assembly. “Under the contract, the…
Economist Viktor Skarshevsky forecasts the forex rate of Ukraine’s national currency, the hryvnia, against the U.S. dollar at UAH 30 by late December 2018. “In November-December of 2016 and 2017 the hryvnia devalued by 5%. Let’s extrapolate from this trend, and we will get the forex rate at around UAH 29.5-30 by the end of…
The Estonian Competition Authority on November 19 rejected a complaint by Eleon Group, an energy company owned by Andres and Oleg Sonajalg, which contested the authority’s decision to allow the merger of renewable energy producer Nelja Energia and the Estonian state-owned energy group Eesti Energia. The Estonian Competition Authority said that it had not violated…
Georgia is increasing its role as an important trade partner for the European Union (EU), the Commonwealth of Independent States (CIS) and other countries. In January-October trade turnover with EU countries increased by 18.6% (amounting to $2.76 billion) and with CIS countries by 27.4% YoY, to $3.51 billion, says the National Statistics Office of Georgia…
In the three quarters of the current year Kazakhstan produced 466.2 million liters of beer, up by 5.7% YoY. The main producers were Carlsberg Kazakhstan and Efes – their combined share amounted to about 75% of total production in the country. In the regional context, Almaty and Almaty region accounted for 62.2% of total production…
Prime Minister Volodymyr Groysman says that Ukraine’s economy has been growing for 11 quarters in a row, but the government still needs external support so that to pay off its foreign debt, the government portal reports. “The economy has been growing for 11 quarters in a row, which means the recovery has begun. In general,…