Last year, investors’ opinion of the competitiveness of Latvia’s economy improved for nearly all indexes, as reported by EY Latvija representatives. At the same time, investors say there is a growing need for national level marketing and downstream improvements to the internal ecosystem. From a total of 17 different factors investors are the most positive…
The electric car factory in Kutaisi, western Georgia, will produce its first electric car in August, State Representative in Imereti Zviad Shalamberidze has declared, adding that at that time the factory will also start producing additional components for cars. “Electric cars will be exported abroad as well as sold on the local market,” said Shalamberdize.…
Kazakhstan’s gold and currency reserves reached $29 billion, according to the National Bank Chairman Yerbolat Dossayev. “Despite an instable situation at foreign markets and fall in annual average oil prices from $71.7 per barrel in 2018 to $64.2 per barrel in 2019, Kazakhstan’s gross international reserves in 2019 rose by 2.3% and reached $91 billion.…
According to preliminary estimates, in 2019, the profit of JSC Ukrzaliznytsia (Ukrainian Railways) amounted to UAH 2.5-3 billion, Ukrzaliznytsia Board Chairman Yevhen Kravtsov declared. “According to preliminary estimates, over the past year, JSC Ukrzaliznytsia generated UAH 2.5-3 billion in profit. Only NJSC Naftogaz Ukrainy earns more than us,” Kravtsov said. He noted that the company…
In 2019, Ukraine produced 1.586 million tons of wheat and wheat-rye flour, down by 3.1% YoY, declared the State Statistics Service. At the same time, in December 2019 Ukraine produced 131 thousand tons of the product, down by 9.2%. (APK-Inform/Business World Magazine)
Swiss chocolate company Camille Bloch intends to plant hazelnuts plantations in Georgia and also is going to use Georgian hazelnuts in the production of Ragusa, Swiss chocolate. Georgian Prime Minister Gakharia and CEO of Chocolats Camille Bloch Daniel Bloch discussed the details of the project at a meeting on the sidelines of the World Economic…
Eesti Energia renewable energy subsidiary Enefit Green has submitted an application for a development plan to Parnu County’s Saarde Municipality this week for the launch of an environmental impact analysis and in order to determine whether it would be possible to build a wind farm with up to ten turbines and a capacity of 70…