Ukraine: industrial production down in 2017

Industrial production in Ukraine in 2017 decreased by 0.1% compared to 2016, and in December 2017 it dropped by 0.5%, the State Statistics Service said. The authority said that with the adjustment to the effect of calendar days industrial production in December 2017 increased by 0.4% YoY. In comparison with the previous month in December…

Uzbekistan: second railway in Afghanistan to be built

Afghan President Mohammad Ashraf Ghani and Uzbek Deputy Prime Minister and Finance Minister Jamshid Kuchkarov discussed the construction of the Mazar-i-Sharif-Herat railway in Kabul. “The project has been evaluated,” Kuchkarov said. “Negotiations on project financing are currently underway with Uzbek commercial banks and the Asian Infrastructure Investment Bank.” The construction of the railway will be…

Uzbekistan: development of road transport to be discussed with Kyrgyzstan and China

Uzbekistan, Kyrgyzstan and China will hold a tripartite meeting on the implementation of the agreement on the international road transport, the Uzbek Foreign Ministry reported. The meeting will be held in Tashkent on January 24-25. Before the trilateral meeting, a bilateral Uzbek-Kyrgyz and Uzbek-Chinese meetings on international road transport issues will be held. Delegations of…

Azerbaijan: new-generation weapons produced

The defense industry plays an important role in the economy of every confident country in the world, including Azerbaijan, whose defense industry is expanding with each passing year. In 2017 the enterprises of Azerbaijan’s Ministry of Defense Industry continued work on the production of defense products. The ministry noted that the volume of defense and…

Kyrgyzstan: meat from China not welcome

Situation in the food and processing industry was discussed at a session of SDPK parliamentary faction. Deputy Agriculture Minister Erkin Chodoev reported that 250,000 tons of meat are produced annually in Kyrgyzstan. 971 tons of meat are exported. Nevertheless, Kyrgyzstan continues to purchase meat products. At present, the main suppliers are Kazakhstan and Russia. Some…

Kazakhstan: new international flights to be launched

Kazakhstan will launch several international flights in 2018, the Civil Aviation Committee of the Kazakh Ministry of Investment and Development said. In 2018 foreign airlines, including Air Baltic, Emirates, Fly Dubai, Aeroflot and Angara plan to launch regular Riga-Almaty, Dubai-Almaty, Dubai-Aktau, Moscow-Kyzylorda and Krasnoyarsk-Almaty flights. Besides, Finnair will resume the Astana-Helsinki flights, the Committee said.…

Ukraine: trade with Germany up in 2017

Mutual trade between Ukraine and Germany in 2017 grew by 21.5% YoY, the press service of the Cabinet of Ministers of Ukraine has reported after a meeting of Ukrainian Prime Minister Volodymyr Groysman with representatives of leading German companies operating in Ukraine. “Last year the volume of mutual trade grew by 21.5%, and trade focus…

Ukraine: banks close over 800 branches in 2017

Ukrainian banks in 2017 reduced the number of their operating structural units by 827, to 9,489 branches as of January 1, 2018, according to the National Bank of Ukraine (NBU) website. In particular, the state-run Oschadbank closed the largest number of branches in 2017, namely 443 units, while UkrSibbank shut down 53 units, Pravex-Bank 45…

Estonia: tests of electronic traffic signs with changing information successful

The Road Administration will install electronic traffic signs with changing information permanently in the second half of this year, as the one-month testing period of the signs has been successful. The initial tests of electronic traffic signs were successful, Siim Vaikmaa, head of the Road Administration’s traffic management center, declared. Vaikmaa added that the development…

Tajikistan: GDP grows in 2017

The growth of the GDP in Tajikistan in 2017 amounted to 7.1% compared to 2016, the Tajik Statistics Agency reported. Tajikistan’s GDP amounted to about 61.1 billion somoni ($6.9 billion) in 2017. Agriculture, hunting, forestry, fishing and fish farming dominate in the GDP structure, making up 21.1% of the total GDP volume. The share of…

Ukraine second in butter supply to the EU

Following the results of 2017 Ukraine ranked second in terms of butter supplies to the European Union, Deputy Minister of Economic Development and Trade – Ukraine’s Trade Representative Natalia Mykolska informed on her Facebook page. “Ukraine once again confirmed the existing status quo as a reliable and important player in the European Union’s agrarian market.…