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Kyrgyzstan: National Bank buys 1.6 tons of gold since beginning of 2019

Volume of purchases of gold in the domestic market of Kyrgyzstan amounted to 1.6 tons for 4.7 billion soms in January-May, the National Bank reports. In 2018 the National Bank of the Kyrgyz Republic bought 4.2 tons of gold for 11.8 billion soms. Over the year, the volume of purchases of the precious metal increased by 78.8%. In 2017, the National...

Azerbaijan: car production up in January-May 2019

The output in production of machinery and equipment, other vehicles, cars, trailers and semi-trailers amounted to 91.7 million manats in Azerbaijan in January-May. The production of cars, trailers and semi-trailers increased by 63.9%, machinery and equipment production - by 15.8%, while the production of other vehicles decreased by 1.8% in January-May 2018 compared to the same period of 2018. During the...

Ukraine: businessmen discuss areas of cooperation in Qatar

On June 25-27 a delegation of the Ukrainian League of Industrialists and Entrepreneurs (ULIE) headed by Mykhailo Lukashev made a working visit to Qatar. According to the press service of the Embassy of Ukraine in Qatar, a number of opportunities and proposals of Ukrainian companies in construction, metallurgy, IT and agriculture sectors was presented to the Qatari officials, as well...

Ukraine: national debt down in May 2019

The volume of public and publicly guaranteed debt of Ukraine in May decreased in dollar terms by $1.44 billion, or by 1.8%, to $78.4 billion, the Ministry of Finance reports. In the hryvnia equivalent, public debt for the said period was down by UAH 18.36 billion, or by 0.9%, to UAH 2.106 trillion. According to the data released, from year-start, in...

Azerbaijan: GDP growth to be 2.7% in 2019

The International Monetary Fund (IMF) forecasts GDP growth in Azerbaijan at the level of 2.7% in 2019, and in the following years - from 2.1% to 2.5%. The economy of Azerbaijan is gradually recovering from the experienced shocks, said Natalia Tamirisa, head of the IMF mission in Azerbaijan, at a press conference in Baku on June 27 following the completion...

Latvia: biggest tax debtors found in furniture manufacture and catering sectors

The highest proportion of tax debtors in Latvia is found in furniture manufacture and public catering sectors, according to a study performed by Lursoft. The study reveals that the total size of tax debts of companies reaches EUR 611.75 million and more than 39,000 are found among tax debtors in the country. This means one-fifth of companies in Latvia have...

Kazakhstan: Almaty to launch LRT system in 2023

Almaty plans to launch the light rail transit (LRT) system in 2023. "The first stage of the contest has been completed. The second stage will be announced soon. It is planned to put LRT into service in 2023 along the Tole Bi street," deputy head of Almaty city mobility department Kanat Baigonyrov told the conference in Almaty. As earlier reported, LRT...

Ukraine: construction industry up in January-May 2019

In January-May the volume of construction works in Ukraine increased by 26.3% YoY, according to the data provided by the State Statistics Service. In particular, the construction of engineering facilities in January-May rose by 40.6%, and construction of buildings - by 14.8%, as compared with the relevant period last year. Also, the construction volume of non-residential buildings grew by 36.2%, while...

Ukraine: Kyiv receives new trolleybuses of local make

Bogdan Motors Corporation began shipping trolleybuses as part of a contract with Kyivpastrans Municipal Enterprise, the company's press service has reported. "Kyiv has already received two of 55 19-meter Bogdan T90110 trolleybuses," the report says. The corporation intends to fulfill the contract before the end of this year. At present, over 200 Bogdan trolleybuses are already running in the streets of Kyiv. Bogdan...

Kyrgyzstan: electricity consumption grows by 10-15% annually

Electricity consumption grows annually by 10-15%, the Head of the National Energy Holding Aitmamat Nazarov announced at a meeting of the Parliament. According to him, it is necessary to attract investments to the industry, to build new stations, otherwise the country will face an electricity shortage. "In recent years, four new private mini hydropower plants have been built, two of them...