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Belarus: plans to commission first unit of NPP in 2019 reaffirmed

The first power-generating unit of the Belarusian nuclear power plant will be commissioned by the end of 2019. Deputy Prime Minister of Belarus Vladimir Semashko made the statement during the joint session of the two chambers of the Belarusian parliament on December 20. Vladimir Semashko said: "I can state that we should commission the first unit of the Belarusian nuclear...

Latvia: beer production up in January-October 2017

In the first ten months of 2017, a total of 71.5 million liters of beer was produced in Latvia, up by 9.36% YoY, according to data compiled by the State Revenue Service. 89.28 million liters of beer were imported to Latvia in ten months of 2017, up by 16.15% YoY. 136.9 million liters of beer were released for circulation in Latvia,...

Lithuania: transport link between Klaipeda and Minsk discussed

During the meeting with Belarusian Minister of Transport and Communications Anatoly Sivak and Lithuanian Minister of Transport and Communications Rokas Masiulis discussed the successfully operating chain of Belarusian cargo transportation using the services provided by the Lithuanian Railways and Klaipeda State Seaport, as well as the outlook of bilateral cooperation in developing the necessary transport chain for China's cargo...

Georgia: ADB to issue loan for Tbilisi Metro Improvement Project

The Asian Development Bank (ADB) has signed a $14.27 million loan agreement with the government of Georgia to upgrade and improve the Tbilisi metro, which currently benefits over 300,000 commuters daily. "The project will help meet the growing demand for reliable, safe, and efficient sustainable transport - a high priority of the government," said Yesim Elhan-Kayalar, ADB Country Director for...

Ukraine: Finance Ministry to retain deficit of national budget 2017 within 2.4% of GDP target

Ukraine's Finance Ministry expects that the deficit of the national budget in 2017 would be retained within the 2.4% of GDP target, Deputy Finance Minister Serhiy Marchenko has said. "The deficit is expected to be 2.4% of GDP. We do not see any risks that the target is not met," he said at a press conference in Kyiv. Earlier the World...

Ukraine: share of non-performing loans in banking sector the highest in history

Director of the Financial Stability Department at the National Bank of Ukraine (NBU) Vitaliy Vavryshchuk says the share of non-performing loans in Ukraine's banking system is a record high in the entire history of international observations. "We have established a somewhat unpleasant and very costly record for the country's economy and banking sector: the highest share of non-performing loans has...

Belarus: Belinvestbank takes subordinated loan from EBRD

The Belarusian bank OAO Belinvestbank received EUR 50 million as a subordinated loan from the European Bank for Reconstruction and Development (EBRD) on December 18, the Belinvestbank press service declared. The money was transferred as part of the arrangements made when EBRD President Suma Chakrabarti visited Belarus in September. It is a unique deal for the Belarusian financial market. It was...

Azerbaijan: Tatra trucks to be produced

Azerbaijan will launch the production of Tatra trucks from 2018, the Azerbaijani embassy in the Czech Republic said. A memorandum was signed between Ganja Automobile Plant production association and Tatra company at the embassy of the Czech Republic in Azerbaijan. The document was signed by head of Ganja Automobile Plant Khanlar Fatiyev and chairman of Tatra board Petr Rusek. The Ganja Automobile...

Uzbekistan developing rail transport

The plans for the development of rail transport in Uzbekistan include the transportation of foreign trade goods via the Baku-Tbilisi-Akhalkalaki-Kars railway with an opportunity to reach the ports as part of the pilot program. It is planned to participate in the creation of the Azerbaijan-Georgia-Turkey-EU countries transit corridor by determining the volumes of transportation of foreign trade and transit cargoes. These...

Ukraine: state support to regions to grow in 2018

The state budget for the next year envisages UAH 6 billion from the State Regional Development Fund to implement important projects in the regions of Ukraine, and UAH 1.9 billion of subventions will be used for the development of the infrastructure in united territorial communities, Deputy Regional Development, Construction, Housing and Utilities Services Lev Partskhaladze stated. "This is a real...