Latvia: construction output up in Q1 2018

Compared to Q1 2017 construction output increased by 35.7% in Latvia in Q1 2018. Construction output rise was observed in construction of buildings (44.2%), civil engineering (43.6%) and specialized construction activities (16.3%). Compared to the corresponding quarter of the year before output growth was recorded in all types of civil engineering: construction of roads and…

Lithuania: Elektrum Lietuva expanding

Independent power supplier Elektrum Lietuva, a part of Latvian energy group Latvenergo, is launching a new business and will help residents and businesses to install solar panels this month already. Elektrum Lietuva CEO Martynas Gina says the company is the first on the market to provide such services. Elektrum Lietuva has been operating in Lithuania…

Turkmenistan: Iranian firms keen to involve in construction projects

Iranian companies are interested in taking part in motorway and road construction projects in Turkmenistan, Abbas Ahmad Akhoundi, the Islamic Republic’s Roads and Urban Development minister, said. Akhoundi made the remarks on the sidelines of a meeting with Turkmenistan’s Foreign Affairs Minister Rasit Meredow in Tehran. The parties held talks on participation of Iranian companies…

Georgia: European partners to help reform energy sector

The Government of Georgia, the German government-owned development bank KFW and the French Development Agency (AFD) have signed a declaration on launching reforms for developing the energy market in Georgia and improve energy efficiency in the country. As Georgia’s Prime Minister Giorgi Kvirikashvili stated at the government meeting, the development of the country’s energy field…

Ukraine: Ryanair in talks with five airports

Irish low-cost airline Ryanair is holding talks with five Ukrainian cities about opening new flights, Ryanair CEO Michael O’Leary said. “We are currently negotiating with five other Ukrainian cities. Maybe we will open our flights there next summer. I think that we will develop in Ukraine very aggressively and quickly increase the pace of our…

Belarus: CITIC Bank eager to buy local bank

China CITIC Bank is interested in buying a Belarusian bank. The idea was discussed as Prime Minister of Belarus Andrei Kobyakov met with a delegation of the Chinese corporation CITIC Group led by President Wang Jiong. According to Andrei Kobyakov, the possibility of buying a share in a Belarusian bank has already been discussed with…

Belarus: Mogilev meat and dairy producers seek to tap into Japanese market

Mogilev companies are planning to branch out into the Japanese meat and dairy market. Relevant contracts may be concluded at the first Belarusian-Japanese economic forum in Japan on May 9-11, Ambassador Extraordinary and Plenipotentiary of Belarus to Japan Ruslan Yesin announced. “The forthcoming forum will include meetings between Mogilev meat and dairy producers and Japanese…

Ukraine: sugar exports down in April 2018

In April Ukrainian producers delivered 41,800 tons of sugar to foreign markets, down by 12% MoM (47,200 tons in March), the press service of the Ukrtsukor National Association of Sugar Producers of Ukraine reported. “Although the pace of shipments slightly decreased, the geography of exports has not changed. Most shipments were made to Uzbekistan –…