Ukraine: fruit and berry exports up in Q1 2018

Ukrainian farmers in January-March boosted fruit and berry exports by 68% YoY, to $57 million. “The leaders in the commodity structure of domestic products exports this year were walnuts ($42 million), frozen berries ($10 million), as well as apples and pears ($5 million),” the press service of the Ukrainian association of gardening and small fruit…

Estonia: repairs at Riisipere station to begin

Estonian Railways (EVR), the Estonian state-owned railway infrastructure company, is to begin repairwork on the Tallinn-Keila-Riisipere section of rail beginning with Riisipere Station on April 30. “Beginning from April 30 rail work will be carried out on the western part of Riisipere Station,” Riho Vjatkin, head of EVR’s construction service, said in a press release,…

Ukraine: exports showing upward trend

Ukraine in January-February saw its major export flows directed toward the European Union member states, Singapore, Belarus, Turkey, Moldova and Iraq, according to Prime Minister of Ukraine Volodymyr Groysman. “Exports grew the most to the EU, that’s by 36.2%, totaling EUR 3.3 billion. Sales of Ukrainian products to Singapore, Belarus, Turkey, Moldova and Iraq increased…

Ukraine: passenger traffic volume down in Q1 2018

The number of passengers served by Ukrainian transport companies in January-March decreased by 2.6% YoY, according to the data released by the State Statistics Service of Ukraine. “In January-March 1,120.9 million passengers used transportation services in Ukraine, or 97.4% of the volume in the same period in 2017 (excluding the temporarily occupied territories in the…

Ukraine: FUIB takes second place in the nomination “Support of SMEs” in the Financial Oscar-2017 rating

First Ukrainian International Bank (FUIB) took leading positions in the Financial Oscar rating by the magazine “Business” according to the results of 2017. Thus, FUIB turned out to be one of the leaders in the nomination “Support of SMEs”, ranking second in the rating. It entered TOP-3 in the “Agrarian Bank” category, receiving the second…

Ukraine: 40% of economy in shadow

Ukrainian Social Policy Minister Andriy Reva says 40% of Ukraine’s economy remains in the shadow, therefore the developed countries’ standards of solving economic problems cannot be effective in Ukraine, while de-shadowing will bring more money to the wage fund than the actual economic growth. “This was proved by the government in 2017. The entire wage…

Ukraine: local budgets up in two years

Incomes of local budgets have grown almost 4-foldover the past two years, Prime Minister of Ukraine Volodymyr Groysman said during a meeting with representatives of regional media. “When we started to work, the local budgets amounted to UAH 64 billion and did not have own revenues. Now they amount to UAH 231 billion, which is…

Belarus: farm exports up in January-February 2018

In January-February Belarus’ farm exports rose by 7.4%, Aleksei Bogdanov, Head of the Central Office for Foreign Economic Activities of the Belarusian Agriculture and Food Ministry, said at the Dairy Belarus international forum. “In January-February the Belarusian agricultural industry expanded by 7.4% over January-February 2017. The trade reached $765 million. We recorded the growth in…

Azerbaijan: major bank creates investment company

Azerbaijan’s Bank BTB has created a BTB Kapital investment company.

The authorized capital of the company is 350,000 manats. The official representative of the company is Rustam Jafarov.

Presently, five investment companies with a total turnover of 4.3 billion manats operate in Azerbaijan.

Bank BTB has been operating in Azerbaijan since 2010. (Trend/Business World Magazine)

Poland: trade turnover with Ukraine up in 2017

Relations between Ukraine and Poland are developing successfully, in particular, in the economic sector, Ambassador Extraordinary and Plenipotentiary of the Republic of Poland to Ukraine Jan Pieklo said. “In most sectors the relations between Ukraine and Poland are good and very good, particularly with regard to cooperation in the economy. In recent years, the parties…

Ukraine: Croatia to assist in energy security

Ukraine maintains its interest in the Baltic, Adriatic, Black Sea Initiative put forward by the Croatian president and believes that joining it meets its objectives, Ukrainian Deputy Prime Minister for European and Euro-Atlantic Integration Ivanna Klympush-Tsintsadze has said. She stated this at a meeting with Croatian Prime Minister Andrej Plenkovic in Zagreb. “Ukraine is one…