Azerbaijan: EBRD sells stake in cement plant

The European Bank for Reconstruction and Development (EBRD) has sold its stake in Holcim Azerbaijan (Garadagh Cement Plant) to one of the shareholders, spokesman for EBRD, Anton Usov, declared. The EBRD shares in Holcim Azerbaijan (10%) was sold to LafargeHolcim, he added. Usov refused to disclose the amount of the deal, mentioning the confidentiality of…

Lithuania: Agriculture Ministry calls on EC to cover losses

Lithuanian agriculture minister Giedrius Surplys has called on the European Commission to cover losses incurred by the country’s farmers from drought and swine fever.

According to the minister, Lithuanian farmers are estimated to have incurred 0.5 billion euros in losses due to drought over the last summer. (BNN/Business World Magazine)

Ukraine: army gets brand-new Butsefal armored personnel carrier

The military of Ukraine’s Joint Forces Operation (JFO) have received a brand-new armored personnel carrier (BTR) Butsefal (“Bucephalus”), developed by the Kharkiv-based Morozov Machine Building Design Bureau, a state-owned enterprise. “The newest BTR-4E Butsefal is an eight-wheel drive armored personnel carrier, developed in Ukraine by the Kharkiv-based Machine Building Design Bureau and manufactured at the…

Georgia: economy up in January-August 2018

Georgia’s economy grew by 4.8% YoY in the first eight months of 2018, announced the National Statistics Office of Georgia (Geostat). The estimated real gross domestic product (GDP) growth rate in August was 2%, Geostat said. Last month the estimated real growth, compared to the same period of the previous year, was posted in the…

Ukraine: new armored recovery vehicle tested

Ukraine has conducted the successful test of a new armored recovery vehicle “Lev”, which could be used for towing and repairing battle-damaged military equipment in combat conditions, the country’s state defense conglomerate Ukroboronprom said. Designed by Lviv Armour Vehicle Factory, “Lev” is based on the Soviet T-72 tank. It is equipped with a crane, which…

Ukraine: energy security discussed with Croatia

Ukrainian President Petro Poroshenko has thanked his Croatian counterpart Kolinda Grabar-Kitarovia for supporting Ukraine’s sovereignty and territorial integrity. The meeting between the two presidents was held at the 73rd session of the UN General Assembly in New York, the press service of the head of state reported. In addition, the parties discussed a wide range…