Ukraine: Ukrzaliznytsia investments up in Q1 2018

Ukraine’s railways operator, the state-run JSC Ukrzaliznytsia, tripled investment in the first quarter of 2018, to UAH 3.869 billion ($147.5 million). “Capital investment of Ukrzaliznytsia was estimated at UAH 3.869 billion in the first quarter of 2018. The major part of funds, that is UAH 2.43 billion, accounting for almost 63%, was spent on the…

Kazakhstan: Iranian rice to be sown

One of the peasant enterprises of Kyzylorda region plans to sow Iranian Torem Hoshemi rice variety on 500 ha. Last year it sowed a trial of Iranian rice on 70 hectares and got a good harvest, thus, gaining an opportunity to export its products to Iran. The local experts analyzed the mineral content of the…

Ukraine: public debt up in Q1 2018

The volume of public and government-guaranteed debt of Ukraine in the first quarter of 2018 increased by $1.06 billion in dollar terms, or by 1.4%, to $77.37 billion as of March 31. In hryvnia equivalent, public debt over the said period decreased by UAH 88.09 billion, or by 4.1%, to UAH 2.054 trillion, according to…

Azerbaijan: honey to get organic certification

The Association of Beekeepers of Azerbaijan will send an appeal to the Agriculture Ministry, according to the president of the association Badraddin Khasratov. The goal is to obtain organic certification for Azerbaijani honey. “The ministry should apply to the Cabinet of Ministers for this. After the receipt of the certificate of organic product, the entry…

Ukraine: construction industry stable

In January-March Ukrainian enterprises completed construction works worth UAH 18.3 billion, the index of construction products made up 99.7% compared with the same period in 2017, Deputy Minister of Regional Development, Construction, Housing and Utilities Lev Partskhaladze stated, the government’s press service reports. “In the first three months of 2018 Ukrainian enterprises carried out construction…

Kazakhstan: fourth refinery to be built

Kazakh Energy Ministry has found a private investor ready to take part in construction of the fourth refinery in the territory of Kazakhstan, our correspondent reports. “Another key step in the domestic oil and gas industry is construction of a new refinery. A group was set up on the instructions of the president to develop…

Ukraine: fruit and berry exports up in Q1 2018

Ukrainian farmers in January-March boosted fruit and berry exports by 68% YoY, to $57 million. “The leaders in the commodity structure of domestic products exports this year were walnuts ($42 million), frozen berries ($10 million), as well as apples and pears ($5 million),” the press service of the Ukrainian association of gardening and small fruit…

Estonia: repairs at Riisipere station to begin

Estonian Railways (EVR), the Estonian state-owned railway infrastructure company, is to begin repairwork on the Tallinn-Keila-Riisipere section of rail beginning with Riisipere Station on April 30. “Beginning from April 30 rail work will be carried out on the western part of Riisipere Station,” Riho Vjatkin, head of EVR’s construction service, said in a press release,…

Ukraine: exports showing upward trend

Ukraine in January-February saw its major export flows directed toward the European Union member states, Singapore, Belarus, Turkey, Moldova and Iraq, according to Prime Minister of Ukraine Volodymyr Groysman. “Exports grew the most to the EU, that’s by 36.2%, totaling EUR 3.3 billion. Sales of Ukrainian products to Singapore, Belarus, Turkey, Moldova and Iraq increased…

Ukraine: passenger traffic volume down in Q1 2018

The number of passengers served by Ukrainian transport companies in January-March decreased by 2.6% YoY, according to the data released by the State Statistics Service of Ukraine. “In January-March 1,120.9 million passengers used transportation services in Ukraine, or 97.4% of the volume in the same period in 2017 (excluding the temporarily occupied territories in the…

Ukraine: FUIB takes second place in the nomination “Support of SMEs” in the Financial Oscar-2017 rating

First Ukrainian International Bank (FUIB) took leading positions in the Financial Oscar rating by the magazine “Business” according to the results of 2017. Thus, FUIB turned out to be one of the leaders in the nomination “Support of SMEs”, ranking second in the rating. It entered TOP-3 in the “Agrarian Bank” category, receiving the second…