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Ukraine: beer market stabilizes

The Ukrainian beer market has stopped falling and stabilized for the first time in nine years, Carlsberg Ukraine Director General Yevhen Shevchenko has said. "According to our internal assessment, the Ukrainian beer market for the first time in nine years has stopped its decline and stabilized. The facilities of Carlsberg Ukraine are not loaded in full, so we focus not...

Ukraine: Infrastructure Ministry and Ryanair holding talks on launch of flights to Kherson

The Ukrainian Infrastructure Ministry and the Irish low-cost airline Ryanair are holding talks on the possible launch of flights from the city of Kherson to the EU countries, Infrastructure Minister Volodymyr Omelyan announced. "Together with the Kherson regional administration, we are holding talks with Ryanair so that flights of this airline can be lunched from Kherson airport to the countries...

Estonia: European Central Bank withdraws Versobank’s license

The European Central Bank (ECB) has withdrawn the authorization of Versobank AS to operate as a credit institution. The ECB followed a recommendation of the Estonian Financial Supervision Authority according to which Versobank had committed serious breaches of legal requirements, in particular concerning the prevention of money laundering and combating the financing of terrorism. Following the decision of the Financial...

Latvia: turnover in food stores up in January 2018

Retail trade turnover in food stores grew by 9% YoY in January. This includes a 5.8% increase in non-specialized stores and 62.2% in specialized stores, according to information from Maxima retail compass industry review. 2018 commenced with increased growth rate for retail trade sector (except for retail trade of fuel) when compared with the years before. This happened mostly thanks...

Kyrgyzstan: several more roads closed for traffic in Bishkek due to repairs

Several streets in Bishkek have been closed for traffic since March 26 due to repairs, press service of the Bishkek City Administration reported with reference to the Capital Construction Department. Akhunbaev (from 25th Street to Kopuro-Bazar) and Orozbekov (from Fere to Mozhaiskaya) Streets were closed. Repair of roads is planned to be completed by the end of April. The City Administration asks...

Ukraine: construction industry remains stable

The index of construction products in January-February amounted to 100.7% compared to the same period in 2017. The Ukrainian enterprises have already completed construction works worth UAH 10.5 billion. This was announced by Deputy Minister of Regional Development, Construction, Housing and Utilities of Ukraine Lev Partskhaladze. "Based on the results of the first two months, the value of completed construction works...

Ukraine: NPPs generate 219.49 million kWh of electricity

Ukrainian nuclear power plants (NPPs) produced 219.49 million kWh of electricity on March 25, the press-service of Ukraine's State Enterprise "National Nuclear Energy Generating Company Energoatom" reports. On March 26, 10 out of 15 power units were functioning at the Ukrainian power plants. It was the 66th day of the average scheduled repairs at power unit No. 2 and the...

Latvia: construction of multi-functional cargo center in Freeport of Riga to begin in 2018

Already this year in the Kundzinsala territory of the Freeport of Riga it is planned to begin construction works for the development of a spacious, multifunctional cargo handling, warehousing and logistics center that will serve as the hub for cargo distribution and consolidation for goods and products from India and other countries to the markets of Northern Europe, Russia...

Kyrgyzstan: new trolleybuses arrive in Bishkek

The first batch of new trolleybuses purchased at the expense of EBRD funds within the public transport development project arrived in Bishkek. According to the press service of the Bishkek City Administration, 5 trolleybuses out of 37 are already in Bishkek, 4 more trolleybuses are on their way and will arrive in a week. Currently, according to the Bishkek Trolleybus Administration,...

Azerbaijan: priority markets for fruit and vegetables exports disclosed

Russia and the CIS countries are currently the priority markets for the export of Azerbaijani fruit and vegetable products, Bashir Guliyev, chairman of Fruit and Vegetable Producers and Exporters Association of Azerbaijan, declared. "As of today, the Russian market is the main export direction for us. Azerbaijan also exports to CIS countries, mainly to those located north of our country....