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Uzbekistan: GMU raises prices for some car models

Uzbek automaker GM Uzbekistan has resumed sales of cars on the domestic market but the prices have increased by 7.7%, the company said. The principles of pricing and reasonableness of the calculation of prices for manufactured cars were considered with the assistance of the country's government with the participation of representatives of ministries and departments, experts, including international ones, as...

Ukraine: costs of road repair estimated at $358,551 per km

Ukraine's Infrastructure Minister Volodymyr Omelyan says interim or major overhauls of roads in Ukraine cost about UAH 10 million ($358,551) per kilometer. "Some 4,000 kilometers of roads have been repaired this year. This is a large figure. Interim or major overhauls of roads in Ukraine cost about UAH 10 million per kilometer, which is a record low amount compared to...

Ukraine: defense industry gets rid of dependence on Russian components

Ukrainian President Petro Poroshenko has announced that the country's defense industry has virtually gotten rid of dependence on the supply of components from Russia. "The defense industry's efforts are now focused on the production of high-tech modern weapons, which fully meet world standards, and on the modernization of the existing types of armament," he said while opening an exhibition of...

Estonia: tourism tax to cause more harm than good

CEO of Estonian ferry company Tallink Grupp Paavo Nogene has voiced his opposition to the "tourism tax" proposed by Tallinn City Council chief Mihhail Kolvart, on the grounds that it would cause too many difficulties in the sector. Kolvart announced his support for a small tourism tax, which could potentially bring in millions of euros, and would be reinvested in...

Uzbekistan: largest cement plant in Central Asia commissioned

The largest cement plant in Central Asia has been commissioned in the Sherabad district of Surkhandarya region. Construction of the Sherabad cement plant has been carried out by Almalyk Mining and Metallurgical Combine (AMMC) JSC. The cost of the project is $212.8 million, and its capacity is 1.5 million tons per year. The main part of the production will be directed...

Kyrgyzstan: most of budget-funded objects under construction not completed

Most of the budget-funded objects under construction in Kyrgyzstan in 2018 have not been completed, according to the website of the State Agency for Architecture, Construction, Housing and Communal Services reports. In total, construction of 417 facilities is planned in 2018. At least 158 objects were not included in the plan. Most of the facilities are only 30% ready or not...

Ukraine: large and medium enterprises profits up in H1 2018

Ukraine's large- and medium-sized enterprises saw pre-tax profit grow by 1.9% YoY in the first half of 2018, to UAH 189.781 billion ($6.8 billion); their pre-tax profit in the first half of 2017 was UAH 186.259 billion ($6.69 billion). Profitable enterprises' results grew by 7.3%, to UAH 289.737 billion ($10.4 billion), while unprofitable ones posted UAH 99.956 billion in losses...

Ukraine: Russian gas not imported for 1,000 days

NJSC Naftogaz of Ukraine has not been buying natural gas under a contract with Russia's PJSC Gazprom for 1,000 days, since November 26, 2015, importing gas from the West. As reported, inconsistent prices were behind Ukraine's refusal to buy gas on its eastern border at the end of 2015. Late in December 2017 the Arbitration Institute of the Stockholm Chamber...

Kazakhstan: flour exports up in May 2018

Kazakhstan exported 162 thousand tons of flour in May, up by 18% MoM (137.5 thousand tons), but down by 2% YoY (165 thousand tons). In total, Kazakh flour exports in MY 2017-2018 (September-May) were up by 4% YoY, at 1.8 million tons. The biggest importers of flour from Kazakhstan are its neighbors Afghanistan and Uzbekistan. Overall, these countries absorbed a...

Estonia: 1 in 3 residents satisfied with economic situation

One third of Estonian residents rate their economic situation as good or very good, and as many as 90% consider it to be at least satisfactory, according to the results of a recent survey conducted by Kantar Emor. Of Southern Estonian residents, however, one in five, including 16% of pensioners, consider their economic situation to be bad or very bad. "90%...