Significant increase in the production of honey has been observed in Azerbaijan since the Agriculture Ministry granted subsidies to Azerbaijani beekeepers, Head of the Azerbaijan Beekeepers Association Badraddin Hasratov declared. He said that there had been an increase in the number of apiaries among amateur beekeepers. For this year, it is planned to increase production…
Asian Development Bank (ADB) forecasts Kazakhstan’s economic growth to slowdown in 2019 and 2020, reflecting lower oil prices and reduced growth in China and Russia. “Aside from oil revenues, public investment is expected to become a key source of economic growth in the coming years,” reads the latest ADB outlook. The bank expects the growth…
Ukraine has increased the export of berries almost 5-fold over the past four years: from 4.5 thousand tons to 23.5 thousand tons, the Agrarian Policy and Food Ministry’s press service reported. “Ukrainian fresh berries are exported to Belarus, Poland, Moldova, the UK and the Netherlands. The EU countries have become the largest consumers of frozen…
Ukrainians more actively used smartphones to pay bills and handle other financial transactions in the past year: the number of payments with mobile apps grew by 50%. PrivatBank’s press service reported that the number of transactions via the Privat24 mobile app increased from 8.9 million in March 2018 and to more than 15.8 million in…
Romanian TAROM airline will launch regular Bucharest-Yerevan flights twice per-week, the Zvartnots airport of the Armenian capital said. It said TAROM would further increase the frequency of flights to three-times per week. Months earlier the deal was reached between TAROM and Zvartnots airport. The airport did not specify when exactly the flights would commence. (Armenpress/Business…
Capitalization of Azerbaijan’s banking sector amounted to 4.24 billion manats in February, up by 4.2% MoM, the Financial Market Supervisory Authority of Azerbaijan (FIMSA) reported. Over the year, the capitalization of banks increased by 9.2%. The special capital of banks in the reporting period amounted to 3.96 billion manats compared to 3.79 billion manats at…
In March AS Tallink Grupp transported 686,488 passengers, down by 4.1% YoY. The number of cargo units increased by 2%, to 32,524 units and the number of passenger vehicles by 5.9%, to 76,016 units, the company says in a press release. In the first quarter of the 2019 financial year (January-March) AS Tallink Grupp transported…