Azerbaijan is an important partner for Latvia, both in economic and political terms, said Latvian Transport Minister Uldis Augulis. He made the remarks at a meeting of the Latvia-Azerbaijan Intergovernmental Commission for Economic, Scientific, Technical and Cultural Cooperation in Baku on June 20. The minister said there were many spheres that had big potential for…
AVK Confectionary LLC (Kyiv), a large confectionary producer in Ukraine, with the launch of the ground coffee line under the Baristi trademark seeks to reach 5% of the market segment by 2018. The company said in a press release that in May 2016 AVK started producing ground coffee under the Baristi trademark. In 12 month…
In January-May the Belarusian automobile engineering company BelAZ exported 120% more merchandise in comparison with the same period of last year, BelAZ representatives reported. This year BelAZ products have been exported to 22 countries. In January-May export to Russia rose 2.2-fold YoY. Export to non-CIS states went up by 130%, with export to CIS states…
Dushanbe Mayor Rustam Emomali has inaugurated Tajikistan’s largest water park. The Dushanbe Water Park with an area of 20,000 square meters has been constructed by Tajikistan’s Sokhtmoni Makhsus (Special Construction) Company in cooperation with Preston & Barbieri (Italy), according to the Dushanbe mayor’s office. More than 63.6 million somoni have reportedly been spent for construction…
Ukrainian businessman, owner and president of DCH Group Oleksandr Yaroslavsky is ready to purchase another Ukrainian bank if his bid to acquire Prominvestbank (PIB) fails. “I will expand my presence in the financial segment. If I am unsuccessful with PIB, I’ll look at other banking institutions. I have acquired several large industrial assets, and now…
Ukrainian enterprises in May imported gas at an average price of UAH 5,507, or $208.38 per 1,000 cubic meters, down by 10.2% MoM, according to the website of the Ministry of Economic Development and Trade. In January the price of gas imports was $229.51 (UAH 6,033), in February some $246.88 (UAH 6,682), in March some…
Ukraine saw a 0.9% YoY decline in agricultural production in January-May, according to the State Statistics Service of Ukraine. In particular, agri-businesses reduced output by 1%, while private farmers’ production was 0.8% down. The report cites the data in constant 2010 prices without taking into account the temporarily occupied territory of the Autonomous Republic of…