Uzbekistan: nuclear power plant to be built

Uzbekistan intends to start construction of its nuclear power plant. Uzbekistan and Rosatom, Russia’s state corporation, reached an agreement to build a two-reactor nuclear power plant (NPP). It is expected to put it into commission in full by 2028. NPP construction will let the country save 3.7 billion cubic meters of natural gas a year.…

Poland: Port of Gdansk and Halcrow Group ink agreement to develop Wisla River Waterway feasibility study

An agreement for the preparation of a feasibility study for the Wisla River Waterway has been concluded in Gdansk. It was signed by the representatives of the Port of Gdansk Authority SA: President Lukasz Greinke and Vice-President Macin Osowski, as well as Artur Mazurek, representing the contractor selected by tender, the British company Halcrow Group…

Belarus: Belarusbank opens branch in Great Stone

A state-of-the-art Belarusbank branch has been opened in the China-Belarus industrial park Great Stone. Belarusbank Deputy Chairwoman of the Board Svetlana Kozhekina stressed: “It is a particularly important branch because it will become the face of the entire bank not only in the industrial park but for all our present and future partners from China.…

Ukraine: pork imports up in H1 2018

Ukraine in the first six months of 2018 imported 8,400 tons of pork, up 8-fold YoY. “In January-June Ukraine received 8,400 tons of fresh, chilled and frozen pork against 924 tons in the past year with an aggregate value of $15.4 million,” the Association of Ukrainian Pig Breeders reported. The major pork suppliers remain the…

Ukraine: gas reserves up

Natural gas reserves in Ukrainian underground storage facilities (USFs) have increased by 55.4%, or by 4.12 billion cubic meters since the gas injection season started on April 9, to 11.554 billion cubic meters. Some 366.55 million cubic meters of gas was injected into the USFs on July 1-7, according to the state-run gas transport system…

Lithuania: President signs laws on tax overhaul

President Dalia Grybauskaite has signed the laws overhauling the country’s tax system, adopted by the Seimas. For the laws to come into effect early next year they must be published six months earlier. The laws are related to the personal income tax, state social insurance, health insurance, tax administration, the profit tax, public procurement, VAT…

Azerbaijan: hazelnut exports to Europe to increase

Azerbaijan Hazelnut Producers and Exporters Association (AHPEA) intends to expand the geography of hazelnut exports on the European market, the association’s Chairman Ismayil Orujov declared. He said that last week Azerbaijan Export and Investment Promotion Foundation (AZPROMO) organized an export delegation to Switzerland, and about 12 Azerbaijani producers took part in it. “It is important…

Ukraine: Boryspil Airport tops ACI Europe rating for passenger flow increase in May 2018

According to the results of Airports Council International (ACI Europe), Boryspil International Airport in May took the first place in the category of airports that handle 10-25 million passengers, the airport’s press service posted on its Facebook page. “The coordinated work of our team continues to multiply success,” reads the report. Boryspil Airport showed the…

Georgia: wine exports up in H1 2018

Georgia exported 38.2 million bottles of wine to 48 countries in the first six months of 2018, announces the Georgian National Wine Agency. In January-June Georgia generated about $90.3 million from the sale of wine abroad. Revenue increased by 28% YoY, while the volume of exports increased by 21%, said the Georgian National Wine Agency.…

Ukraine: GIZ to launch new project to support Energy Efficiency Fund

The German federal company Deutsche Gesellschaft fur Internationale Zusammenarbeit (GIZ) mbH launches a new project to support the Energy Efficiency Fund of Ukraine, Vice Prime Minister-Minister for Regional Development, Construction and Housing Hennadiy Zubko wrote on his Facebook page. “We continue to unite international partners around the energy efficiency reform and the launch of the…

Belarus: Russian Sberbank pleased with results

Belarus is turning into a stably profitable investment destination, Sberbank President, Chairman of the Board German Gref has said. German Gref noted that the bank found a stable and lucrative investment market in Belarus. “The operations in Belarus generated a 17% return on capital last year, which is pretty good for the banking sector, although…