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Azerbaijan: car production in Neftchala to stabilize market

The start of production of cars at the joint Azerbaijani-Iranian factory in the Neftchala industrial zone may stabilize prices on the automotive market of Azerbaijan, General Director of MBA Group consulting company, expert in the field of valuation Nusret Ibrahimov declared. According to the expert, the main factor that can cause price stabilization will be the quality of cars produced. "If...

Ukraine: exports up in January-February 2018

The exports of Ukrainian goods grew to $7.4 billion in two months of 2018. "In two months of 2018 the exports of Ukrainian goods totaled $7.4 billion (up by 17.9% YoY)," Prime Minister of Ukraine Volodymyr Groysman posted on Facebook. As the Prime Minister noted, the exports to the EU showed the highest growth, up by 36.2%, and totaled $3.3 billion. Ukrainian...

Ukraine: FUIB takes second place in the nomination “Support of SMEs” in the Financial Oscar-2017 rating

First Ukrainian International Bank (FUIB) took leading positions in the Financial Oscar rating by the magazine "Business" according to the results of 2017. Thus, FUIB turned out to be one of the leaders in the nomination "Support of SMEs", ranking second in the rating. It entered TOP-3 in the "Agrarian Bank" category, receiving the second place, as well as the...

Estonia: wet summer boosts air travel via Tallinn Airport

In Estonian passenger aviation a considerable 19% growth has been observed by the Tallinn Airport in 2017, which has explained the increase in passenger numbers partly with unusually bad weather conditions. Tallinn Airport's commercial director, Eero Pargmae, has said that the Estonia's busiest airport is seeking to provide its services for some 2.9 million travelers in 2018, as the estimates...

Belarus: Korean company to partake in motorway reconstruction tender

The South Korean company Korea Expressway Corporation (KEC) intends to take part in the tender, which will determine the private partner for reconstructing the M10 motorway as a pilot public private partnership project. The possibility was discussed as representatives of the Korean company met with specialists of the Public Private Partnership Center and the Economy Ministry in the National Agency...

Tajikistan: EBRD and EU launch Regional Small Business Program

Micro, small and medium-sized private businesses in Tajikistan will now benefit from a new Regional Small Business Program (RSBP) launched in Dushanbe on April 19, the European Bank for Reconstruction and Development (EBRD) Resident Office in Dushanbe reported. The EU-funded and EBRD-managed project is reportedly designed to transfer know-how in the field of micro, small and medium-sized enterprise (MSME) finance...

Ukraine: Ukravtodor to introduce automatic weigh-in-motion system for trucks

The State Automobile Roads Agency of Ukraine, also known as Ukravtodor, plans to introduce an automatic weigh-in-motion system for trucks, which excludes the human factor, Acting Ukravtodor Head Slawomir Nowak said. "From our part, we want to introduce an automatic weigh-in-motion system when nobody stops the truck, but photos are taken when there is a violation and a fine is...

Ukraine: 40% of economy in shadow

Ukrainian Social Policy Minister Andriy Reva says 40% of Ukraine's economy remains in the shadow, therefore the developed countries' standards of solving economic problems cannot be effective in Ukraine, while de-shadowing will bring more money to the wage fund than the actual economic growth. "This was proved by the government in 2017. The entire wage fund in 2016 amounted to...

Estonia: Elron’s ticket revenue up in March 2018

The ticket revenue of Eesti Liinirongid AS, the Estonian state-owned operator of passenger trains operating under the Elron brand, increased by 15% YoY, to EUR 1.2 million in March. The number of boardings in March totaled 635,000, up by 4% YoY, the company said on April 19. The Elron routes with the highest passenger numbers last month were Tallinn-Paldiski with 122,000...

Kazakhstan: 12 dormitories to be built in Atyrau region

12 student dormitories will be built in Atyrau region. Two 100-bed dormitories are being already built, and construction of two more will start soon. The local administration is developing design and specification estimates for construction of 8 more dormitories for 960 students at large, its press service said. According to the third direction of the Five Social Initiatives of the Kazakh...