Azerbaijan: banks slash dollar sales in H1 2017

Azerbaijani banks sold $621.67 million in January-June, down 2.7-fold YoY, according to the report of the Central Bank of Azerbaijan (CBA).

Bank clients purchased 10.35 million pounds sterling, 126.58 million euros and 1.09 billion Russian rubles in cash over the six months of this year. (Trend/Business World Magazine)

Latvia: railway cargo decline significant

Latvia’s railway system is inefficient and needs to be changed so that it is possible to compete with other countries, because the tariffs Latvia has now are too high, said Baltic Association – Transport and Logistics President Inga Antane. Antane mentions experience of her colleagues: “Our colleagues in Germany made a very important political decision…

Kazakhstan: another airline authorized to fly to Europe

One more Kazakhstani air carrier will fly to Europe after obtaining a TCO authorization, the Civil Aviation Committee under the Ministry for Investment and Development of Kazakhstan has reported. The committee confirmed that Kazakhstani airline Comlux-kz LLC had received the TCO authorization from the European Aviation Safety Agency (EASA) and become the authorized third-country (non-EU)…

Uzbekistan: foreign trade turnover up in H1 2017

Uzbekistan’s foreign trade turnover rose by 11.1%, to $12.072 billion in January-June, compared with the same period of 2016, the State Statistics Committee of the Republic of Uzbekistan reported. Uzbekistan has increased export operations by 13.1%, to $5.97 billion, imports – by 9.2%, to $6.102 billion. Foreign trade turnover with the CIS countries improved by…