The first direct flight of Hungarian low-cost airline Wizz Air from Budapest to Astana took off on June 8. The new service will operate twice a week on Thursdays and Sundays on Airbus A320. The launch of the new service is a landmark event, in particular, on the eve of the international specialized exhibition EXPO-2017,…
Ukraine since the beginning of the 2016-2017 marketing year (MY, July-June) and as of June 8 has exported 41.667 million tons of grain. According to the Ministry of Agrarian Policy and Food, the country exported about 16.98 million tons of wheat, 5.26 million tons of barley, and 19.17 million tons of corn. In addition, 365,500…
Compared to May 2016, the average level of consumer prices increased by 2.8% in May 2017. Prices of goods grew by 2.6% and prices of services by 3.6%. Compared to May 2016, the greatest pressure on the price changes was put by the rise in prices of food and non-alcoholic beverages, goods and services related…
In January-May the port of Ventspils handled 10.8 million tons of cargo, up by 20% YoY. According to the port authority, transshipment of Ro-Ro cargo grew by 24%, to 166,000 tons Ventspils Nafta handled 3.8 million tons (-5%), Kalija parks – 175,000 tons. The number of passenger carried by Ventspils-Nynashamn line grew by 33%, to…
Ukraine boosted electricity exports by 46.3% YoY in January-May, to $109.75 million, according to the State Fiscal Service of Ukraine. Electricity sales to Hungary accounted for 67.4% of total revenue from exports, while the share of Poland was 17.5% and that of Moldova 12.7%. In May alone, Ukraine exported electricity to Hungary to the tune…
Dushanbe bus terminal, Asian Express Terminal, is waiting for answer to its proposal to re-launch bus routes between Tajikistan and Uzbekistan. Deputy Director General of the Closed Joint Stock Company (CJSC) Holding Asia Group Tajikistan Sulton Kamolov says they have already discussed this issue with representatives of the Uzbek Embassy in Dushanbe. “They have expressed…
Standard & Poor’s (S&P) Global Ratings expects that Azerbaijan’s Kapital Bank OJSC will likely increase its already material market share, while its operating revenues continue increasing progressively and its profitability remains high, according to an S&P report. S&P confirmed the credit rating of the Azerbaijani bank at BB-/B level with a negative outlook. Meanwhile, the…