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Estonia: industrial producer price index up in August 2018

According to information released by Statistics Estonia on September 20, in August the producer price index (PPI) of industrial output increased by 1% MoM and by 3.4% YoY. In August, compared to the previous month, the PPI was affected more than average by an increase in prices in the manufacture of electronic equipment, in electricity, gas, steam and air conditioning...

Ukraine: 5.3 billion cubic meters of gas imported from Europe in January-July 2018

Ukraine in January-July imported 5.3 billion cubic meters of natural gas worth $1.5 billion from European countries. Ukraine received 2.1 billion cubic meters of gas worth $590.7 million from traders registered in Switzerland, 1.8 billion cubic meters worth $513.6 million from Germany, 438 million cubic meters worth $130 million from Poland, 345.4 million cubic meters worth $95 million from the...

Ukraine: GDP growth prerequisite for average wage increase

The growth of Ukraine's GDP in the second quarter of 2018 to 3.8% compared to the same period last year may become a prerequisite for average wage increase up to UAH 10,000 before the end of the year. "In the second quarter we had preliminary data on the GDP growth up to 3.6%. The adjusted data indicates that GDP growth...

Lithuania: Klaipeda Seaport takes part in exhibition and conference in Kazakhstan

Klaipeda Seaport is being represented at exhibition "TransKazachstan. TransLogistic 2018" and conference "Transport and Logisctic Markets" organized in September 18-20 in Almaty, Kazakhstan. Klaipeda Seaport says it is an international event that opens new possibilities for companies to present themselves and to consolidate their position in Kazakhstan transport market, to disseminate information about their services to vast number of potential...

Kyrgyzstan: new road to be built in Karakol city

Directorate for Management of Issyk-Kul Development Fund plans to reconstruct the road on Kydyr-Ake Street in Karakol, state procurement portal says. Reconstruction will be carried out from Kuchukov highway to a filling station. At least 108.5 million soms were allocated for 1.5 km of the road. The project includes felling of 135 trees. Poplars with a height of 3-3.5 meters will...

Kazakhstan: new chemical plant to start operating in Aktau in 2020

A chemical plant will start operating in Aktau in 2020. It will be built by Topan Chemical Industries. According to Gaisa Zhumaliyev, head of the company, the new factory will produce caustic soda and chlorine-containing products. The project value is $70 million. The plant is expected to be constructed in the Seaport Aktau Special Economic Zone. With the launch of the...

Ukraine: creation of export credit agency requires additional 80 million

The Export Credit Agency (ECA) may start working in the fourth quarter of 2018 if its funding is increased by UAH 80 million. "We need UAH 80 million more to take legal and organizational measures needed to launch the agency. For the last six months we have been insisting on the stipulation of the indicated sum in the amendments to...

Ukraine: central bank mulling change in monetary policy

The National Bank of Ukraine (NBU) is mulling over change in its monetary policy, admitting a possible lack of liquidity in the banking sector in 2019. "Besides the current decision on the key policy rate, the NBU Monetary Policy Committee (MPC) members also discussed potential needs in further modification of the operational design of the monetary policy. Since mid-summer 2018...

Latvia: airBaltic passenger throughput up in summer 2018

Latvian airline airBaltic has carried 2,770,047 more passengers to destinations in Europe, Scandinavia, Russia, CIS and the Middle East in the first eight months of 2018. In August airBaltic carried 440,562 passengers, up by 14% YoY. In addition to that, airBaltic carried 18% more passengers in this year's summer season than last year, setting a new record for this period. airBaltic...

Azerbaijan: machinery and car production up in January-August 2018

In January-August the output of machinery and equipment, other vehicles, cars, trailers and semi-trailers amounted to 209.6 million manats, the State Statistics Committee of Azerbaijan said in a message on September 18. Compared with the same period last year, car production grew 32-fold, machinery and equipment production by 16%, while the production of other vehicles decreased by 61.7%. During the period,...