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Belarus: construction of MAZ-Weichai engine factory begins in Great Stone

The construction of the MAZ-Weichai engine factory has begun in the China-Belarus industrial park Great Stone. The joint venture established by the Belarusian automobile engineering company and the Chinese corporation Weichai is supposed to start making engines by the end of 2018. The groundbreaking ceremony took place in September 2017. Preparatory work - the development of design documents, expert evaluation,...

Ukraine: representative of EC supports stance on Nord Stream 2

Dominique Ristori, the Director General of the Directorate-General for Energy within the European Commission, has expressed its support for Ukraine's stance on construction of Russian gas pipeline Nord Stream 2. Ristori said this during a briefing upon the meeting with Energy and Coal Industry Minister of Ukraine Ihor Nasalyk, the government portal reports. "Ristori has assured that he supports Ukraine's stance...

Ukraine: mayonnaise production up in February 2018

Ukraine's large and medium-sized plants produced 8.7 thousand tons of mayonnaise in February, up by 3% MoM (8.5 thousand tons) and by 5% YoY (8.3 thousand tons). Mayonnaise output in January-February grew by 7% YoY, to 17.2 thousand tons. Mayonnaise production has been staying stable at 124-126 thousand tons since three years ago. That is good in view of its previous...

Estonia: Rukki Channel not to be dredged before summer 2018

There is not enough time left to perform dredging in Rukki Channel, located off the coast of Western Estonia's Laane County on the sea lane between the mainland and the island of Hiiumaa before summer, the Estonian Maritime Administration announced. Estonian Maritime Administration Director General Rene Arikas said that even if the Ministry of the Environment were to grant a...

Belarus: gold and forex down in March 2018

Belarus' gold and foreign exchange reserves totaled $6.99 billion as of April 1, the Information and PR Department of the National Bank of the Republic of Belarus (NBRB) reported. According to the preliminary data, Belarus' gold and foreign exchange reserves totaled $6.994 billion (in equivalent) as of April 1. In March the country's gold and foreign exchange reserves went down...

Georgia: WizzAir launches Bucharest-Kutaisi direct flights

Hungarian low-cost airline Wizz Air is launching a new direct flight that will connect Georgia to Romania. Starting from July 3 Wizz Air will launch flights between Georgia's western city of Kutaisi and Romania's capital of Bucharest, the airline company announced. Flights will be performed three times in a week - on Tuesdays, Thursdays and Saturdays. Tickets for the new route are...

Ukraine: volume of local budgets exceeding 50% of consolidated budget

Ukrainian President Petro Poroshenko says local budgets within the decentralization reform accounted for more than 50% of the country's consolidated budget. "For the first time in the history of Ukraine, if we take transfers to local budgets, more than 50% of the consolidated budget is local budgets," he said at a meeting on decentralization in Vinnytsa. The president says that after...

Ukraine: Kyiv gets new low-floor trams

The Kyivpastrans municipal enterprise has received a batch of new low-floor trams with a high degree of passenger comfort, the enterprise has reported on its Facebook page. "Kyivpastrans once again received a batch of new Electron T5B64 low-floor trams with a high degree of comfort, a reduced level of vibration and noise, an air conditioning system and a driver's cabin....

Belarus: BelAZ exports up in Q1 2018

BelAZ, the managing company of BelAZ holding company, increased its exports by 80% YoY in Q1, the company reported. In January-March the company exported about 96% of its products. The company sold to 24 countries. Russia, Uzbekistan and Kazakhstan made up the top three customers of the Belarusian factory. BelAZ increased supplies to Russia by 61.8%. Deliveries to the CIS countries...

Kazakhstan: pesticide plant to be built in Almaty region

In Almaty region, with the support of Kazakh Invest, a plant will be built in 2019 to produce plant protection products with the participation of Turkish investments. The foreign investor, represented by the Turkish holding company Agrobest Group, invests $30 million in the production of herbicides, insecticides, fungicides, seed protectants and glyphosate in Kazakhstan. Kazakh Invest accompanies this project in obtaining...