Ukraine: foreign investors help to increase exports

The positive dynamics of Ukrainian exports growth is largely triggered by the attraction of foreign investment in the production located in Ukraine. “Attraction of investments in Ukrainian production is one of the factors in growing exports as the investors, apart from establishing production and putting money in modernization of enterprises, also attract their distribution networks,…

Kyrgyzstan: meat to be exported to China

Kyrgyzstan plans to export meat to China, the Director of the State Inspection for Veterinary and Phytosanitary Safety Kalys Zhumakanov announced. Earlier Kyrgyzstan and China signed a memorandum on the creation of a zone free from foot and mouth disease. According to Kalys Zhumakanov, an agreement on joint struggle against transboundary diseases will help export…

Belarus: gold and forex reserves at $6.94 billion

According to the preliminary data, Belarus’ gold and foreign exchange reserves totaled $6.94 billion as of June 1, the Information and PR Department of the National Bank of the Republic of Belarus (NBRB) reported. According to the preliminary data, Belarus’ international reserve assets made up $6.939 billion as of June 1. In May the country’s…

Ukraine: largest manufacturer of electric vehicles interested in cooperation

BYD Company, the world’s largest manufacturer of electric vehicles and lithium batteries, is considering the possibility of locating its production on the territory of Ukraine with further expansion into the European market. This was discussed during the meeting of Infrastructure Minister of Ukraine Volodymyr Omelyan with Isbrand Ho, Managing Director of BYD Europe, the press…

Belarus: food exports up in January-April 2018

Belarus’ food exports rose by 9.3% YoY in January-April, Belarus’ Agriculture and Food Minister Leonid Zayats declared on the sidelines of the international agriculture expo Belagro 2018. “Belarus’ agriculture industry has shown positive dynamics during the period under review. Gross output increased by 3.5%. The production of milk went up by 80,000 tons, that of…

Ukraine: construction costs up in January-April 2018

Costs of construction and assembly services in Ukraine rose by 23.4% YoY in January-April. Over the period under review, costs of construction and assembly of civil engineering facilities, as well as commercial buildings and complex industrial facilities increased the most – by 28.1% and by 23.8%, respectively. The lowest increase was recorded in the construction…

Kazakhstan: peas lose Turkish market

Although the crop of peas in Kazakhstan increased substantially in 2017, their exports have started sinking. The reasons include both intensifying competition among exporters of this crop and weaker foreign demand. Kazakhstan exported some 20.2 thousand tons of peas in the first seven months of 2017-2018 (September-March), down 4-fold YoY. Turkey, which has been the…

Lithuania: more EU money to be attracted

Lithuania’s government will try to negotiate more of EU cohesion support for regional development after the European Commission suggested cutting such support by 13% in the new budget, Vice Minister of Finance Migle Tuskiene says. In her words, Lithuania will try to negotiate with other EU member states and the European Parliament for the support…

Ukraine: Kiev and Tehran to boost ties in energy sector

Ukrainian parliamentary and state officials held separate meetings with Iran’s Ambassador in Kiev Mohammad Beheshti Monfared, expressing the eastern European country’s resolve for enhanced cooperation with Tehran in various fields, including energy. Vice Minister of Agrarian Policy and Food of Ukraine Viktor Sheremeta held talks with Beheshti Monfared in Kiev and called for closer ties…

Ukraine: China to increase imports of honey

Ukraine should increase export of its goods to China, in particular of soybeans and honey, Secretary-General of the China Overseas Development Association He Zhenwei said. “We have already decided in China that we will increase imports – not only from the US, but from other countries as well. I think it’s a good chance. Ukraine…

Georgia: 13 wine companies showcased at Vinexpo Hong Kong

Thirteen Georgian wine companies have made quite an impression at the leading industry event for wine and spirits professionals in the Asia-Pacific, Vinexpo Hong Kong, which was held on May 29-31. The three-day show featured meetings, new products and networking opportunities for importers, distributors, producers, sommeliers and merchants from around the world, including Georgia. As…

Estonia: unemployment up in April 2018

Estonia was the only country in the EU in which unemployment grew in April, increasing from 5.3% to 5.6%. Overall unemployment in the EU remained at 7.1% compared to March and fell by 0.7% compared to April 2017, it can be seen from data released by Eurostat. In the eurozone, employment decreased by 0.1% MoM…