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Azerbaijan: Central Bank currency reserves up in September 2018

Currency reserves of the Central Bank of Azerbaijan (CBA) amounted to $5,534.5 million at the end of September 2018, up by $367 million or by 7.1% YoY, according to statistical data posted on the CBA website. CBA's reserves increased by $31 million during September, while since early 2018 the figure has increased by $199.9 million. Currency reserves of CBA increased by...

Ukraine: coal buyers overpay $536 million for illegal use of “Rotterdam Plus” formula

Coal buyers have overpaid UAH 15 billion, or $536 million, for the illegal use of the so-called "Rotterdam Plus" formula. "The other day, we got an economic report by specialists who concluded that the use of 'Rotterdam Plus' tariff was indeed unreasonably applied, the established amount of illegally charged funds received as a result of the unreasonable use of this...

Ukraine: EUR 880 million of investments attracted to renewable energy

About EUR 880 million of investments have been attracted in the development of new renewable energy capacities in Ukraine since 2015, Head of the State Agency on Energy Efficiency and Energy Saving of Ukraine Serhiy Savchuk stated in his speech at the conference "Eco-Innovation and Green Entrepreneurship: Made in Ukraine". "In general, about EUR 880 million of investments have been...

Georgia: free trade deal with Hong Kong to be ratified by Parliament

A free trade deal signed between Georgia and Hong Kong this June will be sent to the Parliament of Georgia for ratification, the Prime Minister of Georgia Mamuka Bakhtadze announced. “The most important priority of our economic strategy is to better integrate Georgia into the global economy. I want to remind you that we are the only country in the...

Azerbaijan: Nakhchivan Automobile Plant to produce electric cars

Nakhchivan Automobile Plant is implementing a project for production of electric cars, which, along with being cost-effective, are environmentally friendly, Director of the Nakhchivan Automobile Plant Musa Abdullayev reported on October 3. At the same time, the plant ordered ambulances based on a LIFAN commercial minivan and the first models would be assembled in early 2019. "The Nakhchivan Automobile Plant was...

Kazakhstan: over 18.1 million tons of grain harvested

Kazakhstan has harvested 18.17 million tons on grain as of October 3. According to the Ministry of Agriculture, farmers have harvested 13,453,700 hectares, which constitutes 89.5% of the areas planted to grain crops, with the average yield of 13.5 hundredweights per hectare. As of October 3, 2017 farmers had harvested 15,170,300 hectares or 99% of the areas planted to crops, with...

Ukraine: local budgets up in January-September 2018

In January-September UAH 165.2 billion in revenues were transferred to local budgets in Ukraine, up by 23.6% YoY, the press service of the State Fiscal Service (SFS) reports. "In January-September local budgets received UAH 165.2 billion of payments controlled by the SFS, up by UAH 31.5 billion more compared with the corresponding period last year," reads the report. In particular, over...

Ukraine: revenues from taxes transferred to state budget up in January-September 2018

In January-September revenues from taxes and fees totaling UAH 525.9 billion were transferred to the general fund of the state budget, up by 14% YoY, according to the press service of the State Fiscal Service (SFS). "In January-September the general fund of the state budget received UAH 525.9 billion of payments controlled by the SFS, which is 14% or UAH...

Georgia: 155 tons of grapes harvested in Racha

About 155 tons of grapes have been picked in Georgia's western Racha region as of September 30. This year 1,500 tons of Mujuretuli and Aleksandrouli grape varieties are expected to be harvested in Racha. 29 wine companies are involved in the grape harvesting process in Racha. Meanwhile, the grape harvest is coming to an end in the eastern Kakheti region, where 180,000...

Estonia: Nordica to discontinue flights to Gothenburg and Kiev Zhuliany

Upon switching to its winter flight schedule, the Estonian state-owned airline Nordic Aviation Group, operating under the Nordica brand, will discontinue flights to Gothenburg and Kiev Zhuliany as well as scale back its service to Munich and Oslo. Nordica CEO Hannes Saarpuu said that it was the airline's duty to ensure connections with the hubs and destinations important to Estonia...