Estonia: e-export needs development

According to the Estonian Chamber of Commerce and Industry, Estonian business operators use various e-solutions and social media for showcasing their products and services, however they do not take advantage of all e-trade and -marketing opportunities in export. “Like elsewhere in the world, there are more and more companies in Estonia that are involved in…

Belarus: Minsk trades with 188 countries in 2016

Minsk conducted export and import operations with 188 countries in 2016, the National Statistics Committee reported. Last year the Belarusian capital exported $8.1 billion worth of products, or 34.6% of the country’s aggregate exports. Minsk companies exported tractors and tractive units, trucks, chemical products, refrigerators and freezers, timber, component parts for trucks and tractors, buses,…

Kazakhstan: another lamb batch shipped to Iran

Another batch of mutton has been shipped to Iran, the press service of the Kazakh Ministry of Agriculture reported. The work, done by Kazakhstan’s agricultural ministry together with the Iranian side, resulted in the harmonization of the veterinary requirements for supplying live sheep and chilled mutton from Kazakhstan to Iran. In addition, the requirements for…

Ukraine: GDP growth to reach 4% by 2020

Ukraine’s GDP growth this year is projected at 1.8%, while by 2020 this figure could reach 4%, President Petro Poroshenko stated in the Verkhovna Rada in his annual address on the internal and external situation of the country. “According to the results of this year, GDP growth is projected at 1.8%. We expect economic growth…

Turkmenistan acting in line with ICAO standards

Turkmenistan’s President Gurbanguly Berdimuhamedov has met with the President of Council of the International Civil Aviation Organization (ICAO) Olumuyiwa Benard Aliu. During the meeting, the sides exchanged views on the prospects of cooperation as part of Turkmenistan’s national civil aviation development program for 2012-2030, being implemented in the country. Under this program, new air harbors…

Estonia: August 2017 consumer price index up

According to information released by Statistics Estonia on September 7, the consumer price index in August increased by 0.4% compared to July and by 3.9% compared to August 2016. Compared to August of last year, goods were 3.8% and services 4.1% more expensive. Regulated prices of goods and services also rose by 7.2% and non-regulated…

Ukraine: Ukroboronprom showcasing high-precision weapons at MSPO 2017 in Poland

Ukraine’s state-owned Ukroboronprom concern is presenting the defense military complex products at the 25th international arms exhibition MSPO 2017, taking place in Kielce, Poland, from September 5 through September 8. According to Ukroboronprom, Ukraine at the expo showcases high-precision weapons, including anti-tank missile systems supplied to Ukraine’s army and available for exports. In addition, the…

Ukraine: wheat export prices down

Bearish price trends persisted on the Ukrainian milling wheat market last week. Average export prices for 12.5%- protein milling wheat closed the week down by another $1-2/MT FOB for September-October delivery. Prices for wheat with 11.5% protein content remained within the last week’s range for September-October delivery. Export prices for feed wheat closed the week…

Azerbaijan: Fitch to upgrade IBA’s ratings

Fitch Ratings, the international ratings agency, said that it had withdrawn International Bank of Azerbaijan’s (IBA) $500 million senior unsecured notes following the completion of the bank’s debt restructuring and the settling of the issue on September 1. The agency has not yet rated the new $1 billion senior notes due 2024 issued in part…

Ukraine: state debt up in July 2017

The total state (direct) and government-guaranteed debt of Ukraine in July increased by 1.4% or by $1.05 billion, to $76.06 billion, the Ministry of Finance said on its website. The state debt in the national currency rose by 0.69% or by UAH 13.45 billion, to UAH 1.971 trillion. Since the beginning of the year the…

Ukraine: 37.5 million tons of grains harvested

As of September 4, Ukraine harvested 37.537 million tons of grains (including corn) throughout the areas of 9.794 million ha (67% of the plan). The average yield totaled 3.83 ton/ha, the Ministry of Agrarian Policy and Food of Ukraine declared. In particular, agrarians harvested buckwheat throughout 59 thousand ha (32%), and produced 67 thousand tons…

Latvia: Border Guard to procure new helicopters

Latvian State Border Guard currently evaluates offers for procurement of new helicopters. The country’s National Armed Forces, one the other hand, has no plans to procure new helicopters in the near future. Until then, old helicopters will be kept repaired and in battle-ready condition, according to available information. It should be noted that Latvia currently…