Ukraine: flour exports down in 2018-2019

Ukraine exported 301 thousand tons of wheat flour in MY 2018-2019, down by 30% YoY (429.8 thousand tons). This is the lowest volume of exports in five years. Flour production also dropped in MY 2018-2019, to 1.7 million tons (by 13% from 1.9 million tons in MY 2017-2018). The key export destinations include Asia, Africa,…

Ukraine: balance of payments up in H1 2019

Ukraine’s balance of payments showed a surplus of $744 million in January-June, up 2.4-fold YoY. The current account deficit over the period under review amounted to $221 million, according to the National Bank of Ukraine (NBU). The inflow to the financial account in H1 totaled $968 million. In June the surplus of the balance of…

Azerbaijan: small and medium enterprises to be developed with Turkey

The Entrepreneurship Development Fund under the Azerbaijani Ministry of Economy and the Turkish Small and Medium Enterprises Development Organization have signed a memorandum on cooperation and exchange of experience in the field of entrepreneurship. The document was signed at the conference entitled “Concessional financial state support in the development of innovative entrepreneurship” held in Baku.…

Turkmenistan: banana harvest up in 2019

Preparations for a new banana harvesting season are underway in the Sakarchage district of the Mary region of Turkmenistan. The local company “Ferhar” plans to receive dozens of tons of exotic fruit this year. Thus, the experiment on growing bananas of dwarf varieties most suitable for the arid climate of Turkmenistan continues. The experience of…

Estonia: retail turnover up in June 2019

According to information released by Statistics Estonia, the turnover of retail trade enterprises in June increased by 3% YoY at constant prices, to EUR 635 million. The turnover of stores selling manufactured goods increased by 4%. Turnover increased in five and decreased in two economic activities. Turnover increased the most in stores selling textiles, clothing…

Latvia: 40.5% of unemployed people middle-aged

At the end of 2018 Latvia’s State Employment Agency (SEA) focused on the category of unemployed people older than 50. These people accounted for 40.5% of all unemployed people in Latvia, according to the agency’s 2018 report. Long-term unemployed people were also SEA’s focus last year. These people account for 25.1% of all unemployed people…

Ukraine: state debt up in June 2019

As of June 30 Ukraine’s state and government-guaranteed debt amounted to $80.35 billion, or UAH 2,102.41 billion, the Finance Ministry has reported. “As of June 30 the state and government-guaranteed debt of Ukraine amounted to UAH 2,102.41 billion or $80.35 billion, including the state and government-guaranteed external debt in the amount of UAH 1,309.33 billion…

Estonia: Regional Jet revenue up in 2018

Estonian carrier Regional Jet, which is owned by Estonian state-owned airline Nordica and LOT Polish Airlines, achieved a better than expected zero result for 2018, with turnover increasing by 80% YoY, to EUR 68 million. “I am really impressed with how our organization has developed all these new businesses in such a short period of…

Azerbaijan: electricity exports up in H1 2019

Azerbaijan exported 1.2 billion kilowatt-hour of electricity in January-June in comparison with 1.1 billion kilowatt-hour in the same period of 2018, the State Customs Committee reported. The cost of electricity exported during the mentioned period amounted to $51.9 million compared to $54.6 million. The main producer of electricity in Azerbaijan is Azerenergy. The capacity of…

Kazakhstan: investments economy up in 2018

The value of investments attracted to the economy of Kazakhstan amounted to 11.179 trillion tenge in 2018, up by 17.5% YoY, the Committee of Statistics reported. “In the reporting period Shymkent city was the leader by attracted investments, the volume of which increased by 162.2%. It is followed by Atyrau and Kyzylorda regions of Kazakhstan,…

Ukraine: new Vilkha-M MLR system tested

Ukraine has tested the Vilkha-M (“Alder”) multiple launch rocket system, a high-precision upgrade of the Vilkha complex, which in turn is a deeply modernized version of the Soviet “Smerch”. “Another stage of factory tests of the Vilkha-M high-precision MLR system took place on July 24. During the tests, more tasks for checking and improving a…