Kazakhstan: trade turnover with Vietnam doubled

From October 2016 to July 2017, the trade turnover between the Republic of Kazakhstan and the Socialist Republic of Vietnam has more than doubled, according to the Eurasian Economic Commission’s press service. According to the Commission, since the Free Trade Agreement between the Eurasian Economic Union (EAEU) and Vietnam came into force, in October 2016…

Ukraine: further economic success depending on machine-building industry

Ukrainian government considers machine-building one of the most important integrated industries on which Ukraine’s further economic success depends, Prime Minister Volodymyr Groysman said in his greeting address on the occasion of Machine Engineers Day, the government press service reports. “Ukraine’s considerably experienced machine engineers develop and design complex systems and devices: home appliances and radio…

Ukraine: shadow economy down in Q1 2017

Shadow economy in Ukraine fell by 6% YoY in the first quarter of 2017, to 37% of GDP, according to the analytical report published on the Ukrainian Economic Development and Trade Ministry’s website. The ministry noted that the de-shadowing stemmed directly from ensuring macroeconomic stabilization and economic growth, wage growth against the backdrop of reducing…

Uzbekistan to develop beekeeping

Honey, a healthy foodstuff, which improves human nutrition and boosts immunity, has long tradition as a food source in Uzbekistan. Currently, beekeeping continues to develop dynamically in the country. Special attention paid to the development of beekeeping and saturation of the domestic market with affordable and high-quality products had a positive impact on the expansion…

Latvia: transit and logistics industries to communicate more actively

Mutual communication and information exchange among businesses working in the industry is the pre-condition for improvement of Latvia’s transit industry, said Transport Ministry’s state secretary Kaspars Ozolins at a meeting of the Logistics Council. The Logistics Council discussed the situation in the transit and logistics industry, as well as predictions and proposals for improving competitiveness.…

Kazakhstan: export of industrial products up in H1 2017

During the recent party hearings on the implementation of the State Program for Industrial and Innovative Development, the Investment and Development Minister of Kazakhstan Zhenis Kasymbek summarized the activities of the State program of industrial-innovative development. “To date, Kazakhstan not only provides the country with domestic products, but also enters foreign markets. The volume of…