In 2019-2020 MY Ukraine produced 1.48 million tons of sugar, down by 19% YoY. “In total, there were 33 sugar refineries in operation, which processed 9.84 million tons of sugar beet – almost a third less than in the previous year. As we can see, a significant reduction in the amount of raw materials caused…
A bill put forward to the Georgian parliament proposes to identify dangerous parts on Georgian highways with black dots. Up to 300 meters of roads will be identified as dangerous if at least four accidents have been registered in the area in the last three years resulting in fatalities and/or up to ten people being…
Freight volume handled in the Port of Liepaja in 2019 fell by 2.7% YoY, to 7,334,200 million tons, the Port Authority reported. Transshipment of grain decreased by 4.6%, to 2,893,900 tons, and anthracite – by 28.2%, to 1,053,700 tons, while construction materials grew by 32.7%, to 1,011,600 tons, and oil products – by 43.6%, to…
A new “green” project is implemented in the village of Kengir near Zhezkazgan, Karaganda region. The fourth solar power plant in the region with a capacity of 10 MW was commissioned in December last year. 29436 solar panels have been installed on an area of 20 hectares. The panels are capable of producing 14 million…
The National Bank of Ukraine (NBU) has stated it may lower the discount rate to 8%, if the economic situation remains stable in Ukraine. “If the macroeconomic situation does not change dramatically, the discount rate may be 8%. We previously planned to reduce it to this level in 2021. However, we see now the prerequisites…
The World Bank (WB) predicts that the gross domestic product of Ukraine (GDP) will reach 3.7% in 2020, according to a WB report. According to the bank’s forecasts, Ukraine’s GDP will grow up to 3.7% in 2020, and 4.2% in 2021 and 2022. The real GDP of Ukraine in the third quarter of 2019 increased…
From April 1 Uzbekistan will impose a ban on the imports of non-enriched flour to the country. From April 1 Uzbekistan will import only 1-grade wheat flour enriched with micronutrients. The share of wheat flour enriched with micronutrients forms 30% of the general volume of all varieties of flour produced and imported by Uzbekistan. Nearly…