Ukraine: trade growth rate with Germany good

Ukraine and Germany are pleased with the growth rate of trade between the two countries, President Petro Poroshenko said during a joint briefing with German Chancellor Angela Merkel in Berlin. “Chancellor Merkel and I are pleased with the growth rate of bilateral trade. It has grown by more than 20%. Germany remains one of the…

Ukraine: WB predicts inflation in 2018

The World Bank predicts that inflation in Ukraine in 2018 may reach 10%, as inflation risks remain quite significant, World Bank Economist for Ukraine Anastasia Golovach said at a press conference. “Inflation reached almost 14% in 2017. Inflation risks remain significant, and we expect inflation to reach 10% in 2018,” Golovach said. According to her,…

Tajikistan: flour imports down in Q1 2018

Tajikistan is gradually reducing the import of flour, and increasing the import of wheat, which is subsequently processed by the republic itself, according to the Ministry of Economic Development and Trade. In the first quarter of this year flour imports decreased by 8,000 tons in comparison with the indicators of 2017, while the import of…

Latvia: throughput of port Riga down in Q1 2018

In January-March the Freeport of Riga handled 8,223,200 tons of cargo, down by 11.6% YoY. Coal transshipment fell by 8.8%, to 3,189,600 tons. Transshipment of oil products dropped by 43.3%, to 1,052,100 tons, wood pellets – by 3.5%, to 214,100 tons, while transshipment of ore surged almost 2-fold, to 99,800 tons. The port’s container throughput…

Ukraine: reforms to significantly improve investment climate

Ukraine is resolutely carrying out reforms so that to significantly improve the investment climate, President Petro Poroshenko stated in an interview with the German business newspaper Handelsblatt, the president’s press service reports. “We are resolutely implementing reforms to improve the investment climate significantly. The evaluation of the World Bank can be more trustworthy than the…

Ukraine: Nibulon completes yet another stage of the Southern Buh dredging

On April 4 Nibulon completed another stage of dredging operations on the Southern Buh River. Despite the adverse weather conditions, low temperature, and wind, the dredging operations have been performed according to schedule. According to the company, the dredging has been finished before spawning, as promised. The operations have been performed by Mykolaivets self-propelled dredger.…

Azerbaijan: hazelnut production to grow

Azerbaijan intends to significantly increase hazelnut production in 2018, according to the Azerbaijan Hazelnut Exporters Consortium. Its representative noted that the Consortium planned to increase production by almost 48%. “We plan to produce 60,000-65,000 tons of hazelnut in 2018, which is much more than last year. As for exports, this depends not only on increasing…

Belarus: gold and forex down in March 2018

Belarus’ gold and foreign exchange reserves totaled $6.99 billion as of April 1, the Information and PR Department of the National Bank of the Republic of Belarus (NBRB) reported. According to the preliminary data, Belarus’ gold and foreign exchange reserves totaled $6.994 billion (in equivalent) as of April 1. In March the country’s gold and…

Ukraine: Kyiv gets new low-floor trams

The Kyivpastrans municipal enterprise has received a batch of new low-floor trams with a high degree of passenger comfort, the enterprise has reported on its Facebook page. “Kyivpastrans once again received a batch of new Electron T5B64 low-floor trams with a high degree of comfort, a reduced level of vibration and noise, an air conditioning…

Belarus: BelAZ exports up in Q1 2018

BelAZ, the managing company of BelAZ holding company, increased its exports by 80% YoY in Q1, the company reported. In January-March the company exported about 96% of its products. The company sold to 24 countries. Russia, Uzbekistan and Kazakhstan made up the top three customers of the Belarusian factory. BelAZ increased supplies to Russia by…

Kyrgyzstan: international reserves decrease

Despite the absence of interventions, Kyrgyzstan’s gross international reserves are decreasing, the National Bank reported. Following the results of March, Kyrgyzstan’s reserves amounted to $2,118.65 billion. Over the month, they reduced by $3.61 million. But since the beginning of the year the figure has increased by $32.19 million. The National Bank uses international reserves to…

Ukraine: direct passenger flights to Iraq resumed

On April 3 a plane of the Iraqi Airways, which made the first flight on Baghdad-Kyiv route, landed at the Boryspil International Airport. “The flight was carried out by Boeing 737-800 with registration number YI-ASV,” the Center for Transport Strategies reports. As specified, the flight lasted for almost four hours. The Boryspil International Airport representatives…