Azerbaijan: Baku expanding railway network

Laying work of new station tracks started at the Eybat cargo train station in Qaradag district of Baku, said the message of the public-relations department of Azerbaijan Railways on February 5. A surge of cargo turnover is expected after the completion of large-scale projects carried out on the railways of the country, the message notes.…

Ukraine: economy to grow in 2018

International Monetary Fund (IMF) Resident Representative in Ukraine Goesta Ljungman says the IMF estimates the growth of Ukraine’s economy in 2017 at 2% and forecasts an increase by 3-3.5% in 2018. Ljungman said that there was a definite resumption of economic growth. “Last year it was 2%. In 2018 it will increase by about 3-3.5%,”…

Belarus: trade with Armenia to increase

Belarus and Armenia have a big potential to increase mutual trade, Belarus’ Prime Minister Andrei Kobyakov said at a one-on-one meeting with his Armenian counterpart Karen Karapetyan. According to Karen Karapetyan, last year the two countries increased trade by 20%. However, the two states can do much more. “There are more opportunities for trade growth.…

Ukraine: new car sales up in January 2018

The sales of new cars in Ukraine in January increased by 40.6% YoY, to 6,620 units, which was a new post-crisis record for this month, according to AUTO-Consulting. According to analysts, such a rapid increase in sales was due to the exchange rate “fever”, which forced consumers to make faster decisions about the purchase of…

Armenia: brandy production up in 2017

Brandy production in Armenia grew by 39.4% YoY in 2017, the National Statistical Service reveals. 30 million tons of brandy were produced in the reporting period against the 21.5 million tons made in 2016. Volumes of wine, champagne and beer production grew in 2017 by 30%, 10% and 21% respectively. Vodka production, meanwhile, declined by…

Ukraine: ZTR to supply six transformers to Georgia

The private joint-stock company Zaporizhtransformator (ZTR) has signed three contracts to supply six transformers to committed partners in Georgia, ZTR has reported on its website. The contracts, the cost of which is not disclosed, envisage the delivery of two 40 MVA/110 kV transformers for the Vartsikhe cascade of hydroelectric power plants and two similar transformers…

Estonia: December 2017 retail turnover up

According to information released by Statistics Estonia on January 30, the turnover of retail trade businesses in December 2017 increased by 1% YoY at constant prices, totaling EUR 654.5 million. The turnover of stores selling manufactured goods increased by 7% compared to December 2016. Turnover increased in most economic activities, except for in non-specialized stores…