A high-speed Stadler train will be launched in the coming days, and this train will run along the Baku-Ganja route, Azerbaijan Railways CJSC reported on December 27. This train will travel at a speed of 159 kilometers per hour. Passengers will be able to use VIP and business class seats. Each railcar will have a…
$38.2 million will be spent on the modernization of Shirak and Zvartnots airports in Gyumri and Yerevan respectively. When approved, the project initiated by the concessionaire of both airports will seek to ensure ICAO safety standards, the airport capacity will be made consistent with the expected increase in passenger traffic and reach the level of…
The volume of freight transported via Belarus rose by 20% in January-November, the State Customs Committee of Belarus reported. “The flow of freight via Belarus increases rapidly every year. For example, more than 62 million tons of goods was transported via the Belarusian border in January-November, up by 10 million tons YoY,” the State Customs…
Ukrainian Infrastructure Minister Volodymyr Omelyan has said he expects the construction of toll roads in Ukraine to begin next year. “The last word will be for Ukravtodor. I fully trust Ukravdotor Chief Slawomir Nowak. He has built many toll roads in Poland. I hope that we will be able to start it next year. We…
In January-November, water transport of Ukraine carried 5.3 million tons of cargo, down by 2.1% YoY, says State Statistics Committee of Ukraine. Cargo turnover fell by 20.8%, to 3,155.1 million ton-km. All types of transport carried 517 million tons of cargo (-1.5%). (PortNews/Business World Magazine)
UAE-based investment company Frontera Capital will acquire securities of O’zsanoatqurilishbank. The delegation of O’zsanoatqurilishbank visited the United Arab Emirates, where the parties signed the agreement on development of cooperation. The document provides for raising $50 million using investment and credit instruments. The agreement also provides for the sale of securities of the Uzbek bank to…
Inflation in December 2018 compared to December 2017 will be about 1%, the National Bank of Kyrgyzstan says. It is noted that, taking into account the updated data, the estimate of annual inflation rate has been revised to a greater decrease. At the same time, in the second half of 2019, it will enter the…