Ukraine’s Energy and Environment Minister Oleksiy Orzhel has announced a reduction in prices of natural gas soon. “The signing of the agreement with Russia’s Gazprom helped stabilize the market situation, and accordingly there are all positive factors for reducing prices,” he has said on Facebook. According to him, the Cabinet of Ministers made the appropriate…
Banks expect an increase in demand for loans from households and businesses in January-March, according to a report titled “Survey on the Conditions of Bank Lending”, the press service of the National Bank of Ukraine (NBU) has reported. “Banks note an increase in demand for loans to households and businesses and forecast that this trend…
Last year, investors’ opinion of the competitiveness of Latvia’s economy improved for nearly all indexes, as reported by EY Latvija representatives. At the same time, investors say there is a growing need for national level marketing and downstream improvements to the internal ecosystem. From a total of 17 different factors investors are the most positive…
The electric car factory in Kutaisi, western Georgia, will produce its first electric car in August, State Representative in Imereti Zviad Shalamberidze has declared, adding that at that time the factory will also start producing additional components for cars. “Electric cars will be exported abroad as well as sold on the local market,” said Shalamberdize.…
Kazakhstan’s gold and currency reserves reached $29 billion, according to the National Bank Chairman Yerbolat Dossayev. “Despite an instable situation at foreign markets and fall in annual average oil prices from $71.7 per barrel in 2018 to $64.2 per barrel in 2019, Kazakhstan’s gross international reserves in 2019 rose by 2.3% and reached $91 billion.…
According to preliminary estimates, in 2019, the profit of JSC Ukrzaliznytsia (Ukrainian Railways) amounted to UAH 2.5-3 billion, Ukrzaliznytsia Board Chairman Yevhen Kravtsov declared. “According to preliminary estimates, over the past year, JSC Ukrzaliznytsia generated UAH 2.5-3 billion in profit. Only NJSC Naftogaz Ukrainy earns more than us,” Kravtsov said. He noted that the company…
In 2019, Ukraine produced 1.586 million tons of wheat and wheat-rye flour, down by 3.1% YoY, declared the State Statistics Service. At the same time, in December 2019 Ukraine produced 131 thousand tons of the product, down by 9.2%. (APK-Inform/Business World Magazine)