Ukraine: Ryanair not to enter the market in 2017

Minister of Infrastructure Volodymyr Omelyan said that Ryanair, the Irish-based low-cost air carrier, might not launch its operations in Ukraine in 2017. “If the negotiations are deliberately delayed, while they (Ryanair) distribute the routes for their aircraft for the whole year, we will say that Ryanair will come next year,” Omelyan said. “But they will…

Belarus: frozen bread exported to 8 countries

Belarus is supplying frozen bread to eight counties, head of the main department for bakery products of the Belarusian Agriculture and Food Ministry Vadim Pobedinsky said. “Today we are exporting frozen bakery products to eight countries. Among them is Russia (over 80% of the exports), Israel, Panama, the USA, Tajikistan, and Australia,” Vadim Pobedinsky said.…

Kazakhstan: ICAO aviation safety award received

Kazakhstan’s aviation safety efforts have been marked with a recognition award on behalf of the ICAO Council President, the press service of the Kazakh Ministry for Investment and Development reported. Kazakhstan has been one of the first ICAO Member States to receive this award in recognition of the significant progress in resolving aviation safety oversight…

Azerbaijan: banks slash dollar sales in H1 2017

Azerbaijani banks sold $621.67 million in January-June, down 2.7-fold YoY, according to the report of the Central Bank of Azerbaijan (CBA).

Bank clients purchased 10.35 million pounds sterling, 126.58 million euros and 1.09 billion Russian rubles in cash over the six months of this year. (Trend/Business World Magazine)

Latvia: railway cargo decline significant

Latvia’s railway system is inefficient and needs to be changed so that it is possible to compete with other countries, because the tariffs Latvia has now are too high, said Baltic Association – Transport and Logistics President Inga Antane. Antane mentions experience of her colleagues: “Our colleagues in Germany made a very important political decision…

Kazakhstan: another airline authorized to fly to Europe

One more Kazakhstani air carrier will fly to Europe after obtaining a TCO authorization, the Civil Aviation Committee under the Ministry for Investment and Development of Kazakhstan has reported. The committee confirmed that Kazakhstani airline Comlux-kz LLC had received the TCO authorization from the European Aviation Safety Agency (EASA) and become the authorized third-country (non-EU)…

Uzbekistan: foreign trade turnover up in H1 2017

Uzbekistan’s foreign trade turnover rose by 11.1%, to $12.072 billion in January-June, compared with the same period of 2016, the State Statistics Committee of the Republic of Uzbekistan reported. Uzbekistan has increased export operations by 13.1%, to $5.97 billion, imports – by 9.2%, to $6.102 billion. Foreign trade turnover with the CIS countries improved by…

Belarus: 2 million tons of grain harvested

Belarusian agrarians have already cropped over 2 million tons of grain, the Agriculture and Food Ministry reported. As of August 6, Belarus’ grain harvest exceeded 2.1 million tons. Brest region harvested 684,700 tons, Gomel region – 480,800 tons. Minsk region and Mogilev region cropped 427,400 and 185,900 tons each. The harvest of Grodno region reached…

Kyrgyzstan: electricity consumption up in July 2017

Electricity consumption increased in Kyrgyzstan in July, the National Electric Networks of Kyrgyzstan JSC reported. According to it, the electricity consumption in the country’s power system for July amounted to 813.03 million kilowatt-hours, and the daily maximum power consumption reached 1,521 megawatts. For comparison, in July 2016, this figure was 751.96 million kilowatt-hours, the daily…

Ukraine: Stiletto Systems and MAGNUM to build new ammunition plant

British-based Stiletto Systems Ltd. jointly with Canadian-based MAGNUM and its division Waterbury Farrel are considering the possibility of participating in a tender of the Ministry of Economic Development and Trade to create a new manufacture of shooting and artillery ammunition in Ukraine. Head of Stiletto Ukraine Roman Karpenko said the British-Canadian alliance had practical experience…

Ukraine: India buys 300,000 tons of wheat

Traders have bought about 300,000 tons of Ukrainian wheat to be delivered to India in September and October as the country imports wheat for a second year to meet a domestic shortfall. Seven ships carrying roughly 300,000 tons of milling wheat with a 11.5% protein are expected to load this month in Ukraine for India,…