Ukraine: Ukrzaliznytsia to sustain no losses from cessation of rail services with Russia

Ukrainian Infrastructure Minister Volodymyr Omelyan has said that PJSC Ukrzaliznytsia will not sustain financial losses in the event of termination of railway services with Russia. “These eight trains, which now run in the Russian direction, could have become a significant relief for Ukrainian citizens who want to travel inside the country. They would generate at…

Belarus: gold and forex reserves up in August 2018

According to the preliminary data, Belarus’ gold and foreign currency reserves totaled $7,246.4 million as of September 1, if calculated in accordance with methods of the International Monetary Fund, the Information and PR Department of the National Bank of the Republic of Belarus reported. In August the country’s gold and foreign currency reserves went up…

Estonia: Saaremaa bridge advocates meet with Chinese business executives

Representatives of the Chinese state-owned construction company China Construction Communication Engineering Group visited the island of Muhu, where they were familiarized with the plans of a local group of businessmen to build a bridge between Muhu and Saaremaa and the Estonian mainland. The representatives affirmed their company’s readiness to participate in the bridge project. Former…

Ukraine: Bayer opens new factory in Zhytomyr region

German company Bayer has opened a modern factory for production of seeds of agricultural crops in Zhytomyr region, northwestern Ukraine. “The Bayer company has opened a new modern factory for the production of seeds of agricultural crops in Zhytomyr region. The company has created 85 permanent and 220 seasonal jobs for Ukrainians,” President of Ukraine…

Armenia: pizza makers eager to enter market

Papa John’s Pizza, Baskin Robbins and Domino’s Pizza are eager to enter the Armenian market, according to a press release from the U.S. embassy in Armenia. The Embassy and the U.S. Commercial Service in Moscow, in partnership with IDBank, organized a one-day conference focused on franchise business opportunities. The event is part of an ongoing…

Belarus: dairy export to China up in January-July 2018

Enterprises affiliated with the Belarusian Agriculture and Food Ministry increased dairy export to China 5.6-fold YoY in January-July, Aleksei Bogdanov, Head of the Central Office for Foreign Economic Activities of the Belarusian Agriculture and Food Ministry, declared. “In January-July Belarus’ farm export to China totaled $23.3 million, up 4.2-fold. Dairy was the biggest contributor. In…

Georgia: 2018 grape harvest kicks off

The 2018 grape harvest is in full swing in Georgia’s wine region of Kakheti. This will be the first grape harvest in the last 10 years that has not been subsidized by the state. Diversified markets, increased wine exports and the number of enterprises on the market gives firm reasons to believe that the grape…

Estonia: consumer prices up since 2000

Consumer prices in Estonia rose by 79.5% between 2000 and 2017, more then twice the EU average of 36.5% and fifth in Europe, Eurostat, the European Commission’s statistical agency said. Estonia was, according to the figures, well above the EU average in virtually all sectors, most notably alcohol and tobacco products, where prices in Estonia…

Ukraine: exports to EU up in H1 2018

In January-June Ukraine exported goods and services to the EU countries to the tune of $11.2 billion. The exports to the EU countries in the first six months of 2018 totaled $11.2 billion (the exports in goods totaled $9.7 billion). Ukraine’s exports to the EU grew by $1.8 billion compared to the same period last…

Lithuania: tender to rebuild Renge section announced

Lithuania’s state-run railway company Lietuvos Gelezinkeliai (Lithuanian Railways) has called a tender to rebuild the Mazeikiai-Renge railway section dismantled a decade ago. The section was used by the Mazeikiai-based oil processing company Orlen Lietuva, owned by Poland’s Orlen, to transport its oil products to Latvia. According to information on Lithuania’s central public procurement website, the…