In the first quarter of 2018 the real growth rate of gross domestic product (GDP) amounted to 5.3% YoY in Georgia, says the National Statistics Office of Georgia (Geostat). In the reporting period the GDP deflator increased by 4.3% and the nominal GDP totaled 9.15 billion GEL. In Q1 the estimated real GDP growth, compared…
Latvian ports handled 27.072 million tons of freight in the first five months of this year, down by 7.5% YoY, according to data compiled by Transport Ministry. The majority of freight handled by Latvia’s ports consisted of bulk cargoes – 14,701,000 tons, down by 6.7%. The volume of coal handled by ports was 7,852,000 tons,…
Localization at the Belarusian-Chinese car manufacturing joint venture BelGee has reached virtually 50%. Belarusian Industry Minister Vitaly Vovk made the relevant statement. When asked when the joint venture would reach the 50% localization target, the official noted: “We have virtually reached the goal.” Vitaly Vovk said that two enterprises were launched together with the holding…
A regular dialogue between Ukraine and Moldova at the governmental level has contributed to a significant increase in trade between the countries, which amounted to $885 million in 2017, and is expected to grow to $1 billion in 2018, Deputy Prime Minister of Ukraine Volodymyr Kistion said at a meeting with Minister of Economy and…
The Chornomorsk maritime merchandise port increased cargo handling in January-May by 32.51% YoY, to 8.735 million tons. According to data from the Ukrainian Sea Port Authority, over the period the port boosted transshipment of export cargo by 15.65%, to 6.42 million tons, while handling of imported cargo grew 2.45-fold, to 1.867 million tons. Transit cargo…
HKScan Estonia, a subsidiary of the Nordic food group HKScan, hired 44 seasonal employees at Rakvere Meat-Processing Plant to help service increased demand during the summer season. “Considering that last year we reached the absolute sales record of Rakvere-brand products in June and that sales volumes this year are already exceeding last year’s, there are…
Lietuvos Gelezinkeliai (Lithuanian Railways) has joined Interrail, a European train system that allows passengers to buy cheaper tickets for train travel across Europe. Linas Bauzys, director of the Passenger Transportation Directorate at Lietuvos Gelezinkeliai, says that the state railway company aims to improve rail connections with Western Europe. According to him, joining the Interrail system…