The Central Bank of Azerbaijan (CBA) received 350 million manats from banks at a deposit auction on August 27, CBA said in a message. According to the message, the demand at the auction amounted to 503.4 million manats. The weighted average interest rate on deposit transactions concluded within the auction was 8.01%. The CBA has…
According to Statistics Estonia, the total domestic and international production of Estonian construction enterprises increased by 20% in the second quarter of 2018. Taking into account only the Estonian construction market, construction volume increased by 22%. The production value of construction enterprises amounted to EUR 767 million, of which the production value of building construction…
Uzbek automaker GM Uzbekistan has resumed sales of cars on the domestic market but the prices have increased by 7.7%, the company said. The principles of pricing and reasonableness of the calculation of prices for manufactured cars were considered with the assistance of the country’s government with the participation of representatives of ministries and departments,…
Ukraine’s Infrastructure Minister Volodymyr Omelyan says interim or major overhauls of roads in Ukraine cost about UAH 10 million ($358,551) per kilometer. “Some 4,000 kilometers of roads have been repaired this year. This is a large figure. Interim or major overhauls of roads in Ukraine cost about UAH 10 million per kilometer, which is a…
Ukrainian President Petro Poroshenko has announced that the country’s defense industry has virtually gotten rid of dependence on the supply of components from Russia. “The defense industry’s efforts are now focused on the production of high-tech modern weapons, which fully meet world standards, and on the modernization of the existing types of armament,” he said…
CEO of Estonian ferry company Tallink Grupp Paavo Nogene has voiced his opposition to the “tourism tax” proposed by Tallinn City Council chief Mihhail Kolvart, on the grounds that it would cause too many difficulties in the sector. Kolvart announced his support for a small tourism tax, which could potentially bring in millions of euros,…
The largest cement plant in Central Asia has been commissioned in the Sherabad district of Surkhandarya region. Construction of the Sherabad cement plant has been carried out by Almalyk Mining and Metallurgical Combine (AMMC) JSC. The cost of the project is $212.8 million, and its capacity is 1.5 million tons per year. The main part…