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Ukraine: Ukrenergo electricity transmission up in January-October 2017

The national energy company Ukrenergo in January-October increased transmission of electricity through the backbone power grids by 3.9% (by 3.565 billion kWh) compared to the same period in 2016, to 93.858 billion kWh. According to a report posted on the company's website, the cost of electricity transmission services rose by 20.8% over the ten months (by UAH 1.144 billion), to...

Ukraine: GDP growth to be 1.8% in 2017

The Economic Development and Trade Ministry expects that Ukraine's GDP would grow by 1.8% at the end of 2017, First Deputy Prime Minister, Minister of Economic Development and Trade Stepan Kubiv has said. "By the end of 2017 we expect growth of 1.8%," he said at a conference organized by Fitch Ratings in Kyiv on November 30. According to the presentation...

Estonia: economy up in Q3 2017

Estonia's GDP increased by 4.2% YoY in the third quarter of 2017, Statistics Estonia reported on November 30. In the third quarter, the GDP at current prices was EUR 5.8 billion. The seasonally and working-day adjusted GDP remained at the same level compared to the second quarter of 2017 (with growth of 0.3%), but grew by 4.2% compared to the...

Belarus: Krasny Pishchevik to sell confectionery to Israel

The Bobruisk-based confectionery Krasny Pishchevik is exploring the possibility of exporting sweet goods to Israel, the exhibition company Belinterexpo of the Belarusian Chamber of Commerce and Industry reported. Products of Krasny Pishchevik made part of the Made in Belarus exhibition at the food products and beverages expo Israfood in Tel Aviv, Israel on November 28-30. "This is the first time Belarus...

Azerbaijan: food and agricultural imports from Iran declining

Iran's exports of food and agricultural products to Azerbaijan witnessed a fall of 18% in terms of value during the first half of the current fiscal year (March 20 - September 22). The Islamic Republic exported $17 million worth of agricultural and food products to the neighboring country, which makes 1% of Iran's overall exports in the sector. A report released...

Ukraine: Ukrzaliznytsia to buy 8,900 new wagons in 2018

The draft investment plan of the PJSC Ukrzaliznytsia for 2018 provides for the purchase of 8,880 new wagons, of which 5,180 from third-party manufacturers, but this plan could be reduced due to a lack of funding, the deputy director of the Ukrzaliznytsia strategic management and development department, Oleksandr Malakhov, has said. During the infrastructure day at the European Business Association...

Ukraine: trade turnover with Moldova up in 2017

Economic relations between Ukraine and Moldova have been developing dynamically. The trade turnover between the countries has increased by 30% this year, deputy chairman of the "Ukrainian Prism" foreign policy council Serhiy Herasymchuk announced during presentation of the research "Ukraine-Moldova: New Challenges and New Opportunities in Bilateral Relations". "Ukraine is one of the main trade and economic partners of the...

Estonia: planned church in Rakvere to include gym and sauna

The congregation of Rakvere's Karmel Church is planning to replace its current building with a new one, to include a gym, a cafe, and a sauna. According to the congregation's pastor, Gunnar Kotiesen, they are building a new church because the current one dating back to 1933 is in bad condition, and also too small. The congregation currently has 196 members,...

Belarus: Belarusbank to hold IPO in 2019

Belarus' largest bank Belarusbank may arrange an initial public offering (IPO) in 2019, First Deputy Prime Minister of Belarus Vasily Matyushevsky declared on November 29. According to the source, persistent work is in progress to arrange the IPO. "I hope we will be able to carry out the initial public offering in 2019," said Vasily Matyushevsky. The official specified that 25% of...

Azerbaijan to launch direct flights to Croatia

Azerbaijan offers Croatia to launch direct flights for development of tourism, Azerbaijani Economy Minister Shahin Mustafayev said. Mustafayev made the remarks at a meeting with Croatian Deputy Prime Minister, Minister of Economy, Entrepreneurship and Crafts Martina Dalic in Baku, the Azerbaijani Economy Ministry reported on November 29. Speaking about cooperation between the two countries, Mustafayev stressed that Azerbaijan and Croatia signed...