Localization at the Belarusian-Chinese car manufacturing joint venture BelGee has reached virtually 50%. Belarusian Industry Minister Vitaly Vovk made the relevant statement. When asked when the joint venture would reach the 50% localization target, the official noted: “We have virtually reached the goal.” Vitaly Vovk said that two enterprises were launched together with the holding…
A regular dialogue between Ukraine and Moldova at the governmental level has contributed to a significant increase in trade between the countries, which amounted to $885 million in 2017, and is expected to grow to $1 billion in 2018, Deputy Prime Minister of Ukraine Volodymyr Kistion said at a meeting with Minister of Economy and…
The Chornomorsk maritime merchandise port increased cargo handling in January-May by 32.51% YoY, to 8.735 million tons. According to data from the Ukrainian Sea Port Authority, over the period the port boosted transshipment of export cargo by 15.65%, to 6.42 million tons, while handling of imported cargo grew 2.45-fold, to 1.867 million tons. Transit cargo…
HKScan Estonia, a subsidiary of the Nordic food group HKScan, hired 44 seasonal employees at Rakvere Meat-Processing Plant to help service increased demand during the summer season. “Considering that last year we reached the absolute sales record of Rakvere-brand products in June and that sales volumes this year are already exceeding last year’s, there are…
Lietuvos Gelezinkeliai (Lithuanian Railways) has joined Interrail, a European train system that allows passengers to buy cheaper tickets for train travel across Europe. Linas Bauzys, director of the Passenger Transportation Directorate at Lietuvos Gelezinkeliai, says that the state railway company aims to improve rail connections with Western Europe. According to him, joining the Interrail system…
In January-May the Belarusian automaker BelAZ increased its exports by almost 58.9% in comparison with the same period a year before, the company reported. In January-May the company exported 96% of the output. The growth of supplies to Russia went up by 46.4%, and to the CIS countries (excluding Russia) – 3.3-fold. The leading consumers…
Norwegian company Scatec Solar plans to enter the Ukrainian market and build two solar power plants in Cherkasy region. “Norwegian company Scatec Solar, which has installed 322 MW of solar power plants in the Czech Republic, South Africa and other countries and has more than 1,092 MW in the pipeline, intends to enter the Ukrainian…