In 11 months of 2019-2020 MY, Kazakhstan exported 1.36 million tons of wheat flour, down by 26% (0.5 million tons) YoY and by 39% (0.9 million tons) compared to 11 months of 2017-2018 MY. The main reason of export decline was lower demand from the key importers. Thus, in July-May of 2019-2020 MY, Uzbekistan was…
Tallink Grupp has announced that the special direct return trip from Riga to the island of Saaremaa in Estonia, planned to take place on July 26 to 28, on company’s vessel Romantika as a new summer destination is cancelled due to low customer demand. The other special direct trip to Saaremaa from Helsinki is generating…
There was a net outflow of foreign direct investment (FDI) from Ukraine in the first quarter of this year of $1,451 million, reversing the trend of inflows of the last several years, according to data from State Statistics Agency. Ukraine has been attracting foreign investment but at disappointingly low levels. New FDI in 2019 was…
The Hungarian low cost airline Wizz Air has opened the second base in Ukraine at Lviv International Airport. According to the press service of the Infrastructure Ministry of Ukraine, in July the company will operate five new flights from western Ukraine, in particular, from Lviv to Billund (Denmark), Tallinn (Estonia), Lisbon (Portugal), Hamburg (Germany) and…
The prices of clothing and footwear and healthcare have increased in Georgia, according to the latest inflation data from the National Statistics Office of Georgia (Geostat). The prices in the group of clothing and footwear increased by 5.6% in June. The prices went up for both clothing (+2.8%) and footwear (+11%). Health-related costs went up…
Prices for industrial products fell by 18.1% over the past six months of current year in Kazakhstan, the Statistics Committee reported. While the mining sector has seen prices falling by 34%, the manufacturing sector reported an increase of 0.5% in its products’ prices. Industrial products lost their value by 20.3%, whereas industrial services went up…
The Business Activity Outlook Index (BAOI) calculated by the National Bank of Ukraine (NBU) grew by 9.6 points in June, to 45.5 points. This is lower than the neutral index reading of about 50 and means that pessimistic expectations of business prevail, the regulator said on its website. “Ukrainian business is gradually recovering from the…