Azerbaijan’s GDP in January amounted to almost 5.9 billion manats, up by 2.9% YoY, the State Statistics Committee reported. GDP per capita was 601.1 manats. The volume of GDP produced in the non-oil sector of Azerbaijan increased by 2.7%, while there was an increase of 3.2% in the oil and gas sector. In 2018, except…
Ukraine will be able to stop using the imported gas in the next five years thanks to the opening of access to Ukrainian mineral resources. “We have many opportunities to become energy independent. We are starting to launch a very complex and closed system – access to Ukrainian subsoil assets. I believe that in the…
Ukraine’s state-owned defense industrial group, Spetstechnoexport, has unveiled for the first time the new model of high-precision multiple rocket launching system Vilkha at the international Defense exhibition IDEX 2019 in the UAE. According to a company statement, the new Ukrainian high precision multiple rocket launching system Vilkha with 300mm caliber missiles is considered one of…
Tallinn Airport CEO Piret Murk-Dubout confirms that flights to the island city of Kuressaare are popular enough to justify operating larger aircraft. The number of passengers on the route has grown steadily in recent years, Murk-Dubout said. Speaking at a conference of businesses on the island, Murk-Dubout said that islanders’ call for larger aircraft with…
In 2018, the transshipment of containers at the Baku International Sea Trade Port amounted to 22,886 TEU (twenty-foot equivalent unit) – about 3.8 million tons, up by 49% YoY. As for passenger traffic, its volume reached a 20-year record figure – 47,736 people (+44%). The cargo transshipment potential of the Baku port within the first…
Turkmenistan’s logistics potential in the field of transit cargo transportation has increased taking into account the commissioned Kazakhstan-Turkmenistan-Iran transnational railway. The foreign partners, including China, pay more attention to the transit potential of this route, which has become an important link in the North-South and East-West transport corridors. The total length of the China-Kazakhstan-Turkmenistan-Iran route…
Trade between Ukraine and the EU has increased by 60% in the past three years, President of Ukraine Petro Poroshenko said during his speech at the panel discussion “Security in Eastern Europe” within the framework of the Munich Security Conference. The president noted that Ukraine’s external trade with EU countries accounted for 43%. “Europe for…