Ukraine’s GDP growth by 2.4% in the second quarter is not enough, Prime Minister Volodymyr Groysman said during a conference meeting in the city of Dnipro. “In the second quarter, there was a 2.4% GDP growth. That is, the economy is growing, but this is not enough for us, our task is to increase this…
Prime Minister of Ukraine Volodymyr Groysman says that the development of industry’s potential is the basis for Ukraine’s economic growth. Groysman also noted ArcelorMittal Company as an example of large-scale infrastructure development. “At Yuzhny seaport, ArcelorMittal opened a new transshipment complex for blue re-bar. Due to record short construction terms and attracted $4.5 million in…
OAO Vitebskkhlebprom will send the first shipment of frozen bread to Russia, chief technologist of the enterprise Olga Pavlyuchenko reported. The supply contract has been concluded. The first consignment includes more than 10 names of best bakery products of the Vitebsk bakery. The shipment will be made in August. The Vitebsk bakery arranged a special…
The Kazakh capital hosted the Finnish Energy Forum. According to Director of the Finnish Business Hub Mukhtar Mankeyev, the Finnish model implies efficient energy use in which the country is the world’s leader. He noted that in order to enter the world’s top 30 developed countries, Kazakhstan intended to use Finland’s experience, adding that in…
Central Bank of Uzbekistan will introduce new 50,000 soum banknotes into circulation starting on August 22, says a message on the bank’s website. “Along with the banknotes and coins now in circulation, the issued 50,000 soum banknotes must be accepted at nominal value, in cash payments by all economic entities and population without any restrictions,”…
Construction of a new international seaport is underway in the Caspian city of Turkmenbashi. The project aimed at the development of port infrastructure envisages construction of car and passenger terminals, as well as container, loading, polypropylene terminals and other facilities developed in accordance with the environmental safety requirements of GreenPort international standard. Once the seaport…
Italian food giant Ferrero SpA has held talks with the government of Azerbaijan, which may lead to the company’s support of the hazelnut cultivation in the country. The issue was mulled by Azerbaijani Minister of Agriculture Heydar Asadov and Ferrero officials. Azerbaijan is attempting to increase hazelnut production through a package of incentives that include…