Belarus-made agricultural machines traditionally sell well in Lithuania. Ambassador of Belarus to Lithuania Alexander Korol made the relevant statement. The diplomat said: “About 700 tractors were sold in Lithuania last year alone. Lithuanian farmers unwaveringly prefer Belarusian machines. The Belarusian tractor maker MTZ has a representative office in Lithuania.” Alexander Korol is convinced that when…
Arrears in wage payments across Ukraine as of June 1 increased by 3.5% YoY, amounting to UAH 2.561 billion ($95.46 million), the State Statistics Service reports. Arrears in wages to employees of economically active enterprises increased by 6.5%, to UAH 1.411 billion ($53.87 million). (UNIAN/Business World Magazine)
As of June 25, harvesting was already in progress in most of the Steppe zone of Ukraine. The average yields there are lower than last year; the harvest areas are comparable with 2017. On average, winter barley and winter wheat yields are down by 3% and 5%, respectively. For now, only Odesa region shows higher…
The International Monetary Fund (IMF) expects economic activity to remain strong in Georgia, supported by a favourable global environment and the firm implementation of program policies. The Executive Board of the IMF approved the completion of the second review of the three-year Extended Fund Facility (EFF) arrangement for Georgia on June 27. Following the Executive…
On June 16-22 the Freeport of Riga Authority together with the port companies Rigas Universalais Terminalis (Riga Universal Terminal) and Nacionalais konteineru terminals (National Container Terminal) participated in a visit to China by the Minister for Transport Uldis Augulis and companies of the Latvian transport sector. Within the framework of this visit, an agreement was…
The agriculture ministers of Russia and Belarus will meet in Moscow on July 2 to discuss the supplies of Belarus dairy products to Russia. Head of Rosselkhoznadzor Sergei Dankvert met with Belarusian Deputy Agriculture and Food Minister, Director of the ministry’s Veterinary and Food Surveillance Department Ivan Smilgin in Moscow on June 27. The parties…
The surplus of Ukraine’s balance of payments in May was estimated at $266 million. As was the case last year, the country’s current account balance was close to zero, the National Bank of Ukraine said on its website. However, it did not share information about the balance of payments for the period from January to…