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Ukraine: National Bank predicts public debt by year-end

Deputy Governor of the National Bank of Ukraine (NBU) Dmytro Sologub says the country's public debt at the end of 2019 will be below 55% of GDP due to the strengthening of Ukraine's national currency, the hryvnia, while earlier this ratio exceeded 80%. Sologub added a strong hryvnia partially reduced budget revenue, according to the NBU's press service. "But, at the...

Azerbaijan: Finance Ministry to put bonds up for sale

The Baku Stock Exchange (BSE) will hold an auction on the placement of short-term bonds of the Azerbaijani Finance Ministry worth 25 million manat ($14.736 million) on October 15 from 11:00 (GMT +4) until 12:30. Securities, with par value of 100 manat ($58.94) each and a maturity of 364 days, will be placed at the auction. The maturity of the bonds...

Georgia: passenger air traffic up in January-September 2019

Passenger traffic increased by 5.4% in the first three quarters of 2019 compared to the same period of last year, Georgian Civil Aviation Agency (GCAA) reported. Georgian airports serviced 4,139,955 passengers in total in the first nine months of 2019. The number of passengers is about 9-10% below forecast data for that period, due to the summer interruption of air traffic...

Latvia: value of exported goods down in August 2019

In August the foreign trade turnover of Latvia amounted to EUR 2.37 billion, which at current prices was 9.5% less than in August 2018, of which the exports value of goods was 2.1% lower, and imports value of goods - 15.1% lower. In August Latvia exported goods in the amount of EUR 1.1 billion, but imported in the amount of...

Ukraine: deposits in hryvnias up in September 2019

Bank deposits in the national currency in Ukraine in September grew by 3.1%, to UAH 571.8 billion ($23.1 billion), while deposits in foreign currency shrank by 0.2%, to $15.4 billion in the equivalent. Since the beginning of 2019, bank deposits in hryvnias have increased by 5.9%, while those in foreign currency have grown by 15.6%, according to the National Bank...

Ukraine: peas exports down in 2018-2019

In 2018-2019 MY Ukraine decreased the export volumes of peas by 21%, to 687 thousand tons, due to the reduced production of the crop and changes in the export geography, as well as the significant difficulties with the supply to the sales destination. In the season the downward trend in the supplies to the Asian direction totaled 51%, and the...

Azerbaijan: volume of raw cotton delivered to collection points up in 2019

As of October 9, 130,201 tons of raw cotton were delivered to cotton collection centers across Azerbaijan, up 1.6-fold YoY, Agriculture Ministry reported. In 2019 so far Saatli (21,561 tons), Agjabadi (14,184 tons), Barda (13,165 tons), Bilasuvar (12,527 tons) and Sabirabad (12,266 tons) districts are leading by the amount of cotton harvested. Cotton growing is considered one of the labor-intensive areas...

Latvia: Liepaja Prison’s construction seen as public and private partnership

Justice Minister Janis Bordans allows for the possibility of constructing Liepaja Prison using a public and private partnership model, as confirmed by the city council after meeting with Liepaja Prison Administration and the minister. The ministry's representatives were shown city's development trends and socio-economic situation in Liepaja, ports, airport development and topical developments in entrepreneurship. One of the topics of...

Estonia: exports and imports down in August 2019

Exports fell for the third month in a row in August, according to government agency Statistics Estonia. Imports also fell. Exports dropped by 3% YoY, and imports by 7%. The sector most affecting the decrease was mineral products - shale oil, motor spirit and fuel additives. Electricity exports and imports also affected figures, according to Statistics Estonia. At current prices, exports came...

Ukraine: SkyUp Airlines to launch Kyiv-Salzburg flights

Ukraine's low-cost airline SkyUp Airlines will launch flights on the Kyiv-Salzburg route from December 2019 until February 2020, according to the airline's press service. "The Ukrainian low-cost airline SkyUp Airlines will fly from Kyiv to Austria's Salzburg in winter. Flights will be operated from December 28. Tickets are already available on the website," the statement says. Kyiv-Salzburg flights will be operated...