It is not always possible to manage the economy using old methods. Prime Minister of Belarus Sergei Rumas made the statement as he introduced Economy Minister Dmitry Krutoi to the Economy Ministry personnel. Sergei Rumas told Dmitry Krutoi: “I look forward to new ideas from you and your team because all of us understand that…
Kazakhstan’s Eurasian Bank JSC plans to increase the share of retail lending in its portfolio, the bank’s Chairman Pavel Loginov said. “We are planning to change the bank’s balance structurally – retail and corporate businesses should be at 60% and 40% respectively by 2020,” Loginov said. “A year ago the ratio was 40% and 60%,…
Retail trade in Ukraine in January-July rose by 6% YoY, according to the website of the State Statistics Service of Ukraine. However, the State Statistics Service did not disclose absolute numbers. The highest increase in retail turnover was registered in the following regions of Ukraine: Luhansk (23.4%), Zakarpattia (10.9%), Poltava (10.5%), and Donetsk (10.3%) regions.…
Upgraded T-64BV tanks, the core of Ukraine’s land forces, were showcased at the rehearsal of Ukraine’s Independence Day military parade in Kyiv. Main battle tanks were equipped with new night vision devices, radios with a range of up to 70 km, and GPS navigation systems, according to the Ukrainian Military Portal. “Visually, a new upgrade…
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-July trade turnover with EU countries increased by 25.6% YoY, to $1.95 billion, and with CIS countries by 33.5%, to $2.38 billion, says the National Statistics Office of Georgia (Geostat).…
Lithuanian Transport Minister Rokas Masiulis said he could not provide much hope for businessmen in the western port of Klaipeda, asking for a new German destination at Palanga Airport. According to him, a certain number of residents is required for new flights to be launched, and Klaipeda now has 150,000 of them, which is too…
Turkmen commercial company Ferhar is expecting its first harvest of bananas, the Union of Industrialists and Entrepreneurs of Turkmenistan said in a message on August 20. A greenhouse with a height of 8.6 meters was built on an area of one hectare in Sakarchage district of Turkmenistan’s Mary region. The seedlings were imported from Turkey.…