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Latvia: Island Bridge restoration proceeding ahead of schedule

Construction work of the second stage of the Island Bridge project is ahead of schedule. However, at the same time, residents complain about the organization of traffic for pedestrians and cyclists. Riga City Council's officials visited the bridge on July 31 to overlook progress with construction. As the delegation was told by Riga City Council Transport Department director Vitalijs Reinbahs,...

Azerbaijan: national varieties of potatoes grown in Tovuz

The Research Institute of Vegetable Growing under the Azerbaijani Ministry of Agriculture conducts extensive research and practical work on the production of potato seeds. Seeds of national potato varieties are grown in the sown areas of the experimental Saritala station in Tovuz region, along with the base of the research institute in neighboring Shamkir. The production of high-yielding seeds of such...

Turkmenistan: export of fruit and vegetables up in H1 2019

Turkmenistan continues to strengthen its positions as an exporter of fruits and vegetables. More than 15,000 tons of tomatoes and cucumbers were grown in greenhouses and sent abroad in 2019, up almost 2-fold YoY. Moreover, over 7,500 tons of onions were shipped to foreign consumers. Vegetables worth $16 million and produced in greenhouses have been exported since the beginning of...

Ukraine: balance of payments up in H1 2019

Ukraine's balance of payments showed a surplus of $744 million in January-June, up 2.4-fold YoY. The current account deficit over the period under review amounted to $221 million, according to the National Bank of Ukraine (NBU). The inflow to the financial account in H1 totaled $968 million. In June the surplus of the balance of payments was $1.210 billion, it said. (UNIAN/Business...

Ukraine: Zhytomyr to receive EUR 2 million from EBRD for new trolleybus lines

The Ukrainian city of Zhytomyr will receive a grant worth EUR 2 million from the EBRD for the construction of new trolleybus lines, Zhytomyr Mayor Serhiy Sukhomlyn has stated. In June Zhytomyr authorities and the EBRD signed a loan agreement to acquire 49 new trolleybuses. The first trolleybuses will arrive in the city at the end of this year, the...

Latvia: excise duty rate on strong liquor to be lowered

A 15% lower excise duty rate on strong liquor is to enter into effect in Latvia on August 1. The reduced excise duty rate will apply through February 29, 2020. The reduced rate will not apply to beer, wine or other alcoholic beverages containing up to 22% pure alcohol. On July 8 the Saeima passed amendments to Latvia's excise tax law...

Azerbaijan: small and medium enterprises to be developed with Turkey

The Entrepreneurship Development Fund under the Azerbaijani Ministry of Economy and the Turkish Small and Medium Enterprises Development Organization have signed a memorandum on cooperation and exchange of experience in the field of entrepreneurship. The document was signed at the conference entitled "Concessional financial state support in the development of innovative entrepreneurship" held in Baku. The agreement envisages further cooperation in...

Turkmenistan: banana harvest up in 2019

Preparations for a new banana harvesting season are underway in the Sakarchage district of the Mary region of Turkmenistan. The local company "Ferhar" plans to receive dozens of tons of exotic fruit this year. Thus, the experiment on growing bananas of dwarf varieties most suitable for the arid climate of Turkmenistan continues. The experience of cultivating exotic plants under greenhouse conditions...

Ukraine: producers invited to health ingredients expo in Japan

The Ministry of Agrarian Policy and Food of Ukraine invites Ukrainian producers to participate in Health Ingredients Japan. On October 2-4 Tokyo (Japan) will host the largest International Exhibition on Ingredients for Health, Functional and Organic Food HI Japan. The participation of companies in the exhibition will be supported by the Ukraine Horticulture Business Development Project (UHBDP), funded by Global Affairs...

Ukraine: average monthly wage up in June 2019

The average nominal wage of a full-time employee in Ukraine in June increased by 18% YoY, to UAH 10,783 ($428), the State Statistics Service reported. The average nominal wage in June increased by 5.3% against May. The real wage index in June compared with May was 105.8%, and 108.1% YoY. The State Statistics Service noted that the average nominal wage of a...