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Ukraine: Amobi Capital and Helios Royal Energy to build solar power farms

Amobi Capital and Helios Royal Energy will be constructing solar power farms capable of producing 500 MW of solar power in Ukraine over the next three years and an additional 1 GW in 10 years. The construction will begin on the first 35 MW solar park in the Boguslav area this year. The first 4 MW of the development has...

Ukraine: Pension Fund’s revenues up in Q1 2018

Revenues of the Pension Fund of Ukraine in the first quarter of 2018 grew by 32.2% YoY, amounting to UAH 44.261 billion. "The income of the Pension Fund of Ukraine totaled UAH 44.261 billion over the three months of 2018. Compared to the relevant period in 2017, revenues grew by UAH 10.785 billion, or by 32.2%," the fund's press service...

Tajikistan: ADB main international donor

About 82% of financing approved by international development banks in the first quarter of this year for Tajikistan falls on the Asian Development Bank (ADB). "In Tajikistan the bulk of investments are accounted for the ADB's $90 million loan in the transport sector," according to the international development banks' investment review for the first quarter of 2018 published by the...

Estonia: April 2018 retail trade turnover up

According to information released by Statistics Estonia on May 30, this April the turnover of retail trade enterprises increased by 1% YoY at constant prices, totaling EUR 560.4 million. The turnover of stores selling manufactured goods increased by 7%. Turnover increased in most economic activities, except in stores selling second-hand goods and in non-store retail sale (including stalls, markets, direct...

Kazakhstan: VTB Bank to begin issuing MasterCard payment cards

VTB Bank Kazakhstan started to issue MasterCard payment cards, the press service of the bank stated. The Bank's own emission will open up new opportunities for customers. "MasterCard is one of the most popular payment systems in the world, with cards of which payments can be made in more than 210 countries. We issue MasterCard cards with contactless payment technology, so...

Ukraine: trade with Germany up in 2017

In 2017 a bilateral trade between Ukraine and Germany increased by almost 23% YoY, Ukrainian President Petro Poroshenko said after a meeting with German President Frank-Walter Steinmeier, the press service of the head of the Ukrainian state informed. The head of the Ukrainian state stressed: "I can say that we've worked well in the economy. Last year we had a...

Ukraine: state debt down to $77 billion in April 2018

Ukraine's state and publicly guaranteed debt in April declined in dollar equivalent by $0.32 billion, or by 0.4%, to $77.05 billion as of April 30. The debt in the hryvnia equivalent over the period under review decreased by UAH 32.62 billion, or by 1.6%, to UAH 2.021 trillion, according to the Ukrainian Finance Ministry's website. The country's state debt in January-April...

Estonia: Linda Line to resume operations on Tallinn-Helsinki route by end of June 2018

Lindaliini AS, a company operating under the Linda Line Express brand, which used to operate a fast catamaran connection between Tallinn and Helsinki, expects to resume operations on the route by the end of June. Linda Line CEO Enn Rohula said that the company expected to conclude an agreement on the purchase of a new fast catamaran with a capacity...

Latvia: airBaltic to purchase 60 more CS300 aircraft

Latvia's national airBaltic airline and Bombardier Commercial Aircraft have announced the signing of a procurement contract for 30 Bombardier CS300 aircraft with option to procure 30 more in the future. This order is an addition to the one signed for the provision of 20 CS300 aircraft. It also forms the foundation for airBaltic's Destination 2025 business plan, continuing the previous...

Belarus: first commercial batch of beef sent to China

Belarus has sent the first commercial batch of beef to China, Aleksei Bogdanov, Head of the Central Office for Foreign Economic Activities of the Belarusian Agriculture and Food Ministry, declared. "A few days ago we sent the first container with beef using the Silk Road railway route to China. This is the result of hard work of Chongqing Trade Company...