According to analysts of the Institute of International Finance (IIF), Azerbaijan will continue economic growth, despite lower prices for raw materials and low growth rates in Russia and China, which significantly affects the regional economy, the IIF report on Caucasus and Central Asia says. According to the report, Azerbaijan is on course to expand its…
JSC Ukrzaliznytsia plans to overhaul and purchase about 50 passenger wagons this year, Ukrzaliznytsia Board Chairman Yevhen Kravtsov has said. “Last year we upgraded about 120 wagons. This year we plan to overhaul and purchase about 50 wagons. All of them are equipped with individual sockets and have air conditioning. Today about half of our…
A new Kyiv “river tram” route has been launched along the Dnipro River between the city’s Podil and Obolon areas. The route was officially launched on August 10. Several dozen people have already made their first voyage. Kyiv’s “river tram” resumed its service after a six-year break. It will offer three voyages a day in…
Although the Latvian excise duty on strong alcoholic beverages has been cut by 15%, retailers haven’t yet lowered prices, as they are still selling the products purchased at the previous tax rate, Henriks Danusevics, president of the Latvian Traders Association, announced. Danusevics explained that retailers could start buying alcoholic beverages at the reduced tax rate…
Six schools of Mangystau region provide currently three-shift schooling for above 2,500 pupils. As of today five schools for 3,100 students are under construction. Additional buildings for 320 schoolchildren each will be put into operation this year in two schools in Munaily district. The other three new schools will open their doors next year. In…
The value of goods and services produced in Baku reached 19.9 billion manats in January-June, up by 0.7% YoY, the Statistics Office reported. “Some 81.3% of industrial production accounted for the mining industry, 16.7% – the processing industry, 1.5% – electricity generation, and 0.5% – waste cleaning and recycling sector,” the report says. The share…
Ukraine-Russia trade turnover dropped almost threefold since 2014 and totaled $6.9 billion for the first half of 2019. The list of top-10 trading partners of the Russian Federation has undergone only one change over the past five years as Ukraine fell out of it. Kazakhstan took Ukraine’s place with $8.9 billion in trade turnover with…