Baltics not to expect a “walk in the park”

The austerity policy realized in Baltics during the crisis has resulted in some of the lowest budget deficit and debt levels in the European Union. However, Baltics are part of the six EU member states, which includes Luxembourg, Denmark and Slovakia, which are able to fulfill all Maastricht criteria. “Baltic States have managed to demonstrate…

Azerbaijan: exports of agricultural products up in January-October 2016

In January-October Azerbaijan exported agricultural products valued at $311.673 million, up by 22.3% YoY, the Ministry of Agriculture declared. According to the announcement, fruit and vegetables formed most of the exports of agricultural products ($270.842 million). In January-October Azerbaijan exported 11.19 thousand tons of raw hides at $12.248 million, and 16.57 thousand tons of oats…

Ukraine: electricity export-import in January-November 2016

Ukraine in January-November exported electricity worth $137.785 million, in particular in November for $14.497 million. According to the State Fiscal Service, electricity delivered to Hungary amounted to $105.039 million for the 11 months, to Poland to $32.392 million, Moldova to $347,000, other countries to $7,000. In addition, in January-November Ukraine imported power worth $3.288 million…

Turkmenistan: economic policy to be additionally adjusted

An International Monetary Fund (IMF) mission led by Martin Sommer visited Ashgabat on December 1-6, to assess macroeconomic and financial developments and discuss economic challenges and policy priorities with senior government officials and the diplomatic community. The expectations for persistently lower oil and natural gas prices imply the need for additional policy adjustment in Turkmenistan,…

Kazakhstan: Kashagan officially presented

Kazakhstan’s huge oil field Kashagan was officially presented on December 7, Kazakh Energy Ministry said. Kazakh President Nursultan Nazarbayev took part in the event. Oil production at Kashagan was launched in autumn and reached commercial level of 75,000 barrels per day on November 1. Currently work is carried out in order to increase the level…

Kazakhstan: FCC for 3- and 4-grade wheat purchasing prices up

JSC National Company Food Contract Corporation announced the increase of the purchasing prices for 3- and 4-grade wheat Triticum aestivum L., the company’s press-service reported. In particular, the prices for 3-grade wheat, purchased to the commercial resources of the company, increased from 41`500-50`000 KZT/ton to 49`000-58`000 KZT/ton for VAT taxpayers (depending on the qualitative indicator),…

Estonia: Elering announces tender for designing and building Estonian-Latvian power connection

As part of building the third power connection between Estonia and Latvia, Estonian power grid operator Elering has announced a procurement tender for designing and constructing the Estonian side of the project. “The new Estonian-Latvian power connection is notable because a project important from the energy security and market standpoint will be carried out without…

Ukraine: grain exports up

According to the Agriculture Ministry, Ukraine exported 18.38 MMT of grains in the season 2016/2017 by December 1, up by 5.9% YoY. In particular, the exported volumes included 10.08 MMT of wheat, up by 1.18 MMT YoY. Barley exports in the period under review totaled roughly 3.95 MMT and corn exports amounted to 4.25 MMT.…

Azerbaijan: Baku airport serves 3 million passengers in January-November 2016

The Heydar Aliyev International Airport served more than 231,000 passengers in November, up by 23% YoY, the airport’s press service said. The airport served almost 3 million passengers in January-November. Of them, 1.8 million passengers chose to fly with Azerbaijan’s national carrier, Azerbaijan Airlines (AZAL). Some 500,000 passengers were transported via AZAL domestic flights to…

Asia: Azerbaijan, Kazakhstan, Turkey and Georgia railway bodies ink MOU

Heads of railway authorities of Azerbaijan, Kazakhstan, Turkey and Georgia signed a memorandum of understanding (MOU) in Baku on prospects of development of the Trans-Caspian International Transport Route (TCITR), a message from Azerbaijan Railways CJSC said. Head of Azerbaijan Railways CJSC Javid Gurbanov, President of Kazakhstan Railways JSC Kanat Alpysbaev, Director General of Turkish State…