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.…

Belarus: Belneftekhim exports up in H1 2018

In January-June the Belarusian state petrochemical concern Belneftekhim increased merchandise export by more than one fourth in comparison with H1 2017, the Belneftekhim press service reported after the concern’s board convened to review performance in the first half of the year. In H1 Belneftekhim’s merchandise export growth rate reached 128.5% as against January-June 2017, with…

Georgia: TBC Bank profits up in H1 2018

Georgian company TBC Bank has enjoyed a considerable year-on-year jump in its pretax profit in the 2 quarters of 2018. During the first half of the year TBC’s profit amounted to GEL 239.5 million ($92.8 million). Compared to the first half of last year, TBC Bank reports a GEL 48.1 million ($18.6) increase. Over the…

Ukraine: retail trade up in January-July 2018

Retail trade in Ukraine in January-July rose by 6% YoY, according to the website of the State Statistics Service of Ukraine. However, the State Statistics Service did not disclose absolute numbers. The highest increase in retail turnover was registered in the following regions of Ukraine: Luhansk (23.4%), Zakarpattia (10.9%), Poltava (10.5%), and Donetsk (10.3%) regions.…

Georgia: trade with EU up in January-July 2018

Georgia is increasing its role as an important trade partner for the European Union (EU), the Commonwealth of Independent States (CIS) and other countries. In January-July trade turnover with EU countries increased by 25.6% YoY, to $1.95 billion, and with CIS countries by 33.5%, to $2.38 billion, says the National Statistics Office of Georgia (Geostat).…

Ukraine: 4,500 bridges in need of immediate repair

Former Deputy Minister of Transport, Adviser to Ukravtodor CEO Oleksandr Kava says there are about 17,000 bridges of various lifetime and size in Ukraine, while 4,500 of them require immediate repair. “We have 17,000 bridges along public roads, two-thirds of which require major repairs, while 4,500 bridges need very urgent repairs,” Kava noted. The official…

Azerbaijan: Iran Khodro to expand car production

Iranian automobile manufacturer “Iran Khodro” intends to launch a second line of production in Azerbaijan, said Mohsun Salehi Iran’s deputy minister of industry, mining and trade. This step will allow the company to expand its production in Azerbaijan. “At present “Iran Khodro” intends to increase the current production capacity to raise the daily vehicle output…

Kazakhstan: Turkish investors to build greenhouses in Turkestan

Turkestan region governor Zhanseiit Tuimebayev met with Dal Holding Investment CO deputy director Cemalettin Ceker, the governor’s press service reports. The parties debated issues concerning attraction of investments to the development of glass-house industry in Turkestan and Kentau. According to the project proposed, up-to-date greeneries will be built in the territory of 200 ha, 80%…

Ukraine: army needs $4 billion in 2019

Ukrainian defense budget in 2019 should amount to at least UAH 119 billion ($4 billion), according to Chief of the General Staff of the Armed Forces of Ukraine, Viktor Muzhenko. “We calculated that this should be about UAH 112 billion, a minimum required for the Army, while we are currently seeing the funding will be…