The UN predicts an increase in Azerbaijan’s GDP by 1.8% in 2018, according to the “World Economic Situation and Prospects-2018” (WESP) report prepared by the UN Department of Economic and Social Affairs. According to the report, Azerbaijan’s GDP will decrease by 1% in 2017 and will grow by 2.3% in 2019. The restoration of the…
Interchem pharmaceutical company (Odessa) has launched a new laboratory and production complex for production of active pharmaceutical ingredients (API) in Odessa. Interchem CEO Anatoliy Reder said during the celebrations dedicated to the company’s 25th anniversary, the launch of the new API production complex was the final stage of the investment program worth EUR50 million, being…
In January-November the output of motor vehicles in Ukraine amounted to 7,654 units, up by 67% YoY, the Ukrainian Motor Vehicle Manufacturers Association (UkrAutoProm) reported. “A total of 7,654 motor vehicles were produced in Ukraine in January-November. In particular: the output of cars totaled 6,544 units (+72.2%), commercial vehicles – 423 units (-22.7%), buses –…
A bill of amendments to the Alcohol Act and Advertising Act set to further restrict Estonia’s alcohol policy, which passed the first reading in the Riigikogu in March, has since been eased significantly in the Riigikogu. “We removed square meters of the size of the stores from the bill, and the new wording is that…
In January-November the port of Ventspils handled 18.5 million tons of cargo, up by 9% YoY. According to the port authority, in November the port handled 1.5 million tons of cargo. The growth was mainly driven by the increase in transshipment of coal and cargoes carried by ferries. The number of passenger carried by Ventspils-Nynashamn…
As of late October Azerbaijani banks’ liabilities to the country’s Central Bank (CBA) decreased to 566.6 million manats, or almost 3-fold compared to the volume of liabilities in early 2017, according to the report of the country’s Financial Market Supervisory Authority. Since the beginning of the year, banks have reduced their liabilities by 21.4%, from…
Ukraine in January-November supplied 8,174 tons of cheese to foreign markets, up by 12.6% YoY. According to customs statistics, released by the State Fiscal Service, in monetary terms shipments of these products increased by 34.8%, to $29.14 million. Cheese imports in January-November amounted to 8,785 tons, increasing by 43% YoY. The country imported products worth…