President of the State Enterprise Antonov Oleksandr Donets says his enterprise plans to build from 5 to 10 aircraft in the next five years under a base-case scenario. “The An-178 is my priority, because Antonov has always been famous for its transport aircraft. Then we will launch the manufacture of the An-158 aircraft. We would…
The Estonian Navy is set to modernize its three Sandown class minehunters for EUR 30 million, it has been announced. The modernization is to include improvements in mine clearance and marine surveillance capacities. The vessels will get new, identical, mine clearance systems which will be more up-to-date and reliable, thus requiring less maintenance. The project…
Belarus is turning into a stably profitable investment destination, Sberbank President, Chairman of the Board German Gref has said. German Gref noted that the bank found a stable and lucrative investment market in Belarus. “The operations in Belarus generated a 17% return on capital last year, which is pretty good for the banking sector, although…
The volume of foreign deposits in Latvian banks, including ABLV Bank in the middle of its liquidation, declined to 28.7% in June when compared to 39.7% at the end of 2017, according to the latest information from the Finance and Capital Market Commission. Without ABLV Bank, the volume of foreign deposits comes down to 22.1%.…
The state budget of Ukraine in January-June received UAH 449.056 billion ($17.07 billion) in revenue, down by UAH 14.128 billion ($536 million), or by 3.1% from the target for the said period. Compared with the same period in 2017, the state budget revenues in the first half of 2018 increased by UAH 54.150 billion ($2.06…
AVK confectionery company has launched exports to Malaysia. “We have already handled the first three deliveries of sweets and are working on new orders,” AVK Deputy Director General for Strategic Development Andriy Radchuk declared. As reported, the first 50 tons of Ukrainian sweets have already been supplied to Malaysia. Radchuk says the company plans to…
The production of vodka declined by 45% YoY in January-May. According to information provided by the National Statistical Service, that of whiskey has also decreased (-43%). The production of brandy and champagne was down by 10% and 5%, respectively. Meanwhile, more liquor, wine and beer were produced in the first five months of 2018. (PanARMENIAN/Business…