Kazakhstan: Astana’s first direct connection to Milan to be launched in 2018

Non-stop service from Astana to Milan will be launched in 2018, Kazakhstan’s Civil Aviation Committee reported. Within the framework of ICAN-2017 Kazakh delegation led by Chairman of the Civil Aviation Committee, Talgat Lustayev held talks with the aviation authorities of Austria, Australia, Azerbaijan, Great Britain, Hong Kong, India, Italy, Qatar, Kuwait, Sri Lanka, as well…

Kyrgyzstan: state debt down in October 2017

As a result of October Kyrgyzstan’s state debt declined by $9.05 million, the Ministry of Finance reported. As of October 31, the size of the state debt (external + internal) comprised $4,357.5 billion, or 299,447.12 billion soms. External debt – $3,958.23 billion (272,9.57 billion soms), internal – $399.27 million (27,437.55 billion soms). Kyrgyzstan owes the…

Azerbaijan: GDP to grow in 2018

The UN predicts an increase in Azerbaijan’s GDP by 1.8% in 2018, according to the “World Economic Situation and Prospects-2018” (WESP) report prepared by the UN Department of Economic and Social Affairs. According to the report, Azerbaijan’s GDP will decrease by 1% in 2017 and will grow by 2.3% in 2019. The restoration of the…

Ukraine: Interchem launches new complex for API production

Interchem pharmaceutical company (Odessa) has launched a new laboratory and production complex for production of active pharmaceutical ingredients (API) in Odessa. Interchem CEO Anatoliy Reder said during the celebrations dedicated to the company’s 25th anniversary, the launch of the new API production complex was the final stage of the investment program worth EUR50 million, being…

Ukraine: vehicle production up in January-November 2017

In January-November the output of motor vehicles in Ukraine amounted to 7,654 units, up by 67% YoY, the Ukrainian Motor Vehicle Manufacturers Association (UkrAutoProm) reported. “A total of 7,654 motor vehicles were produced in Ukraine in January-November. In particular: the output of cars totaled 6,544 units (+72.2%), commercial vehicles – 423 units (-22.7%), buses –…

Belarus: Mogilevliftmash to start making travelators in 2018

The Mogilev-based lift manufacturer OAO Mogilevliftmash intends to start making travelators in 2018, the company’s Chief Engineer Igor Frolkin declared. A prototype travelator (a moving walkway) has been made in association with Chinese partners. The product has passed electromagnetic compatibility tests in line with the relevant technical regulations on safe machines and equipment. Acceptance and…

Belarus to launch engine assembling in Egypt

Belarus and Egypt have agreed to set up an engine assembly plant. The matter was discussed during a visit of a delegation of Minsk Motor Plant led by Director General Igor Yemelyanovich to Egypt, the Belarusian embassy in Egypt reported. The Belarusian delegation visited the Ministry of Military Production of Egypt, large industrial companies specializing…

Turkmenistan: Ashgabat and Seoul discuss perspectives of trade and economic co-operation

President of Turkmenistan Gurbaguly Berdimuhammedow met with the Ambassador Extraordinary and Plenipotentiary of the Republic of Korea Jong Tae-In, the Turkmen government said in a message. An exchange of views took place on the prospects for cooperation in the trade and economic sphere, energy and transport sectors, and in the field of advanced technologies. “An…

Ukraine: China interested in buying aircraft

China expressed interest in cooperation on the purchase of Ukrainian aircraft, the press service of the Ministry of Economic Development and Trade of Ukraine reported. “China is interested in cooperation on the purchase of airplanes and their joint production using materials and spare parts produced in China,” the report said. Ukraine’s Trade Representative Natalia Mykolska,…

Latvia: Riga Black Balsam enters US market

Riga Black Balsam brand has begun exploring the market in the United States of America. Exploration of the market commenced with New York, to be followed up by a presentation of Riga Black Balsam in Texas, Florida, San Francisco and Illinois in 2018, as reported by the company’s representatives. “The brand’s start in USA kicked…

Ukraine: Ukrenergo draws up feasibility study for construction of infrastructure for solar power plants in Chornobyl zone

The national energy company Ukrenergo has drawn up a feasibility study for construction of infrastructure to transmit electricity from solar power plants with a capacity of up to 1.2 gigawatts in the Chornobyl exclusion zone. Ukrenergo presented the document at a government meeting on December 1. “The project envisages construction of a new330/110 kV substation…