Over the past three years, the European Bank for Reconstruction and Development (EBRD) has invested about $300 million into Kyrgyzstan, EBRD Regional Director for Central Asia Neil McCain said at a meeting with Prime Minister of the Kyrgyz Republic Sooronbay Jeenbekov. The bank finances projects in the field of improving the municipal infrastructure, such as…
Ukraine’s Ministry of Economic Development and Trade registered two industrial parks: Novodnistrovsk (Novodnistrovsk, Chernivtsi region) and FastIndustry (Fastiv, Kyiv region), the ministry’s press service has said. The industrial parks became the 16th and 17th in the register of industrial parks. According to the report, the functional purpose of Novodnistrovsk Park with an area of 15.36…
Milkiland, a dairy group with assets in Ukraine, Russia and Poland, expects to finish the negotiations with a syndicate of banks consisting of Austria’s UniCredit Bank Austria AG and Russia’s Raiffeisenbank and find a mutually acceptable solution on resolving the indebtedness. The group said in a financial report for the first nine months of 2016,…
The average construction price index fell slightly in 2016, although it increased in the last quarter of the year, driven mainly by increasing labor costs. According to Statistics Estonia, in 2016 the construction price index fell by 0.8% YoY. Labor costs in the sector increased by 1.2%, the cost of machinery decreased by 1.1%, and…
The economic growth of Estonia in 2017 will be slower than previously expected, Swedbank economists have announced lowering their previous economic forecast for the Baltic country by 0.2% to 2.2%. The economists have at the same time raised their forecast for gross domestic product increase in 2018 by 0.3% to 2.8%. They expect that household…
The introduction by Belarus of visa-free entry for a period of up to five days for citizens of 80 countries arriving through the Minsk National Airport does not pose any risks to the republic and neighboring countries, Belarusian President Alexander Lukashenko said. “The document was drafted for 1.5 years and was thoroughly verified by all…
Coal stocks in the warehouses of Ukrainian thermal power plants (TPPs) are almost at the minimum supply level – 19.2 million tons, according to Vice Prime Minister of Ukraine Volodymyr Kistion. “The situation with the heating season is stable and under control, no unexpectedness. As I’ve noted, ‘Armageddon’ is not expected, coal stocks are almost…