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Ukraine: small towns urged to properly form development strategy

Deputy Prime Minister and Minister for Regional Development, Construction, Housing and Utilities of Ukraine Hennadiy Zubko has urged the officials of small towns to properly draw up a development strategy with a specific plan of actions. He said this during the 13th annual conference of small cities on the topic "Resources: Search and Efficiency" in Kyiv. "Do not look for additional...

Ukraine: financial plan of “Medicines of Ukraine” company for 2018 approved

The Cabinet of Ministers of Ukraine has approved and promulgated a financial plan of the State Joint Stock Company "Medicines of Ukraine" for 2018. The text of the corresponding decree was published on the governmental portal. According to the document, net profit will be about UAH 0.9 million, and payments to the state budget will amount to UAH 7.5 million. The Cabinet...

Latvia: construction output up in Q1 2018

Compared to Q1 2017 construction output increased by 35.7% in Latvia in Q1 2018. Construction output rise was observed in construction of buildings (44.2%), civil engineering (43.6%) and specialized construction activities (16.3%). Compared to the corresponding quarter of the year before output growth was recorded in all types of civil engineering: construction of roads and railways (of 55.5%), construction of...

Lithuania: Elektrum Lietuva expanding

Independent power supplier Elektrum Lietuva, a part of Latvian energy group Latvenergo, is launching a new business and will help residents and businesses to install solar panels this month already. Elektrum Lietuva CEO Martynas Gina says the company is the first on the market to provide such services. Elektrum Lietuva has been operating in Lithuania since 2008 and has around 7100...

Turkmenistan: Iranian firms keen to involve in construction projects

Iranian companies are interested in taking part in motorway and road construction projects in Turkmenistan, Abbas Ahmad Akhoundi, the Islamic Republic's Roads and Urban Development minister, said. Akhoundi made the remarks on the sidelines of a meeting with Turkmenistan's Foreign Affairs Minister Rasit Meredow in Tehran. The parties held talks on participation of Iranian companies in implementation of highway and road...

Ukraine: all regional centers to be linked with high-quality roads until 2020

The state authorities consistently fulfill the road maintenance plan, including at the local level and within the framework of rebuilding the border infrastructure. "This year we have managed to prepare for the season of road works and quickly start the repairs and construction. We have many damaged roads, so we will restore them. We have a program until 2022, which...

Ukraine: trade turnover with Slovenia up in 2017

A trade volume between Ukraine and Slovenia increased by 31% YoY in 2017, President of Ukraine Petro Poroshenko said during a joint press conference with President of Slovenia Borut Pahor in Kyiv. According to him, the growth became possible due to a deep and comprehensive free trade zone. Poroshenko also says that Slovenian business actively invests in Ukraine, participates in tenders...

Georgia: European partners to help reform energy sector

The Government of Georgia, the German government-owned development bank KFW and the French Development Agency (AFD) have signed a declaration on launching reforms for developing the energy market in Georgia and improve energy efficiency in the country. As Georgia's Prime Minister Giorgi Kvirikashvili stated at the government meeting, the development of the country's energy field was very important for the...

Estonia: 2017 average gross monthly wages up

According to information released by Statistics Estonia, the average gross monthly income per employee in 2017 totaled EUR 1,155, up by 7.6% YoY. The fastest growth of 8.6% was registered in the income of those under 25 years of age. Last year the average gross monthly income per employee was the highest in Harju County at EUR 1,283, and the...

Uzbekistan: national aviation company to be privatized

Uzbekistan is ready to privatize its state airline, but intends keep full control of its gold mines and oil firm, Reuters reported citing one of the country's top officials. Deputy Prime Minister Sukhrob Kholmuradov said that the country was soon going to announce a deal with the World Bank to help it with a broader strategy, while the head of...