Ukraine: food producers to expand cooperation with UAE

The leading Ukrainian producers of food and agricultural products plan to expand business cooperation with the UAE. This was stated during the Gulfood Briefing held at the Kyiv Chamber of Commerce and Industry. During the event, the results of participation of Ukrainian companies in the Gulfood-2019, the world’s largest annual food, beverage and equipment exhibition…

Georgia: export to Japan to increase

Georgian Prime Minister Mamuka Bakhtadze has summed up his visit to Japan, saying it has been very successful. Bakhtadze said that it was important to receive more foreign direct investments from Japan in high technology. “We have all opportunities to increase our exports to Japan 10-fold over the next five years”, he said. He said…

Kazakhstan: trade with Malaysia up in 2018

The volume of bilateral trade between Kazakhstan and Malaysia increased almost 4-fold compared YoY and amounted to $478 million in 2018, the Ministry of Foreign Affairs of Kazakhstan reported. Exports from Kazakhstan reached $351.7 million, while imports from Malaysia reached $126.1 million. In 1996, Kazakhstan and Malaysia opened their embassies in Kuala Lumpur and Almaty,…

Estonia: 2019 economic growth to fall below 3%

Estonia’s 2019 economic growth is forecast to fall below 3%, while rapid wage growth is expected to attract growing numbers of foreign labor, according to the latest economic forecast published by Luminor. “Estonia’s strong GDP growth of 3.9% in 2018 is expected to follow a general moderation trend evident in external markets, and fall below…

Latvia: too many banks for small market

It is clear there are too many banks for Latvia’s domestic market, said chairman of Finance and Capital Market Commission Peteris Putnins. He admitted that not a single bank present in Latvia worked with just one clientele segment. However, the country’s market is not big enough for them to work as widely as Scandinavian banks,…

Georgia: market fully open

A Georgia-Japan business forum was held in Tokyo, where Georgian Prime Minister Mamuka Bakhtadze and Economy Minister Giorgi Kobulia introduced Japanese business society to Georgia’s investment climate and business opportunities. Bakhtadze said that Georgia was remarkably attractive for international investments. “Our market is fully open, our economy is liberal and our location is strategic”, said…

Ukraine: mayonnaise production up in January 2019

Ukraine’s large and medium-sized plants produced 8.6 thousand tons of mayonnaise in January, up by 1.2% YoY (8.5 thousand tons). In addition, its output hit a three-year high. Taking into account that the Ukrainian mayonnaise market is focused on the domestic consumer, no substantial production growth can be expected now. The market is saturated with…

Ukraine: AirBaltic to resume Riga-Odesa flights

The Latvian airline AirBaltic will resume flights on the route Riga-Odesa-Riga from March 31, Vice Prime Minister for European and Euro-Atlantic integration of Ukraine Ivanna Klympush-Tsintsadze wrote on Facebook. “Latvian airline AirBaltic from March 31 will resume flights on the route Riga-Odesa-Riga. The conference on the renewal of the route was held on March 13,”…