Ukraine: passenger water transportation up in January-October 2017

In January-Octoberwater transport of Ukraine carried 0.5 million passengers, up by 30.2% YoY.

According to State Statistics Committee of Ukraine, total passenger turnover in Ukraine climbed by 0.4%, to 3.851.6 million passengers. (PortNews/Business World Magazine)

Belarus: economy on path of recovery

The recent GDP growth figures point to Belarus’ gradual economic recovery, Director of Alpari Eurasia Alexander Sabodin said during the online conference on November 22. “The transition from the two-year recession to the GDP growth is a sign that the hardest times are behind us,” he said. The expert stated, however, that the country’s economic…

Latvia: deputies invited to repair roads

Latvijas celu buvetajs, which is an association with ties to multiple road and bridge construction companies, invites deputies to support the proposal for the restoration of the State Road Fund, the association’s chairman Andris Berzins reported. “We have asked coalition deputies to admit multiple times that the gradual collapse of roads, especially regional and local…

Kyrgyzstan: 340,000 bottles of counterfeit alcohol found

340,000 bottles of counterfeit alcohol have been found in Kyrgyzstan, press service of the Ministry of Agriculture, Food Industry and Land Reclamation has reported. According to it, the violations were revealed during the planned inspection of the warehouses of Forester LLC by the employees of the Department for Regulation, Control over the Production and Turnover…

Tajikistan: ADB OKs over $50 million financing

The Asian Development Bank (ADB) has disbursed $50.85 million of budget support assistance for the second phase of a program to expand economic opportunities, develop the private sector, and attract investments to Tajikistan. The Bank reported that the program was designed and implemented in collaboration with other development partners. “Creating good jobs through increased private…

Turkmenistan: Coca-Cola on verge of leaving

Turkmenistan Coca-Cola Bottlers Ltd., engaged in the production and distribution of soft drinks, is on the verge of closure and has already stopped production. The company has faced difficulties with currency conversion, problems with the import of ingredients needed for the production of beverages and pressure from local business companies. Only remains of beverages produced…

Uzbekistan: GDP growth rate disclosed

According to the preliminary estimates, Uzbekistan’s GDP totaled 170,74.8 trillion soums and the real growth rate was 105.3% in January-September compared to the same period of 2016, the State Statistics Committee said in a message. According to the message, the growth rate in the main sectors of the economy, such as agriculture, forestry and fishery…

Turkmenistan: Afghanistan highlights importance of infrastructure projects

Turkmen President Gurbanguly Berdimuhamedov has met with Chief Adviser on Infrastructure and Technology to the Afghan president Mohammad Humayon Qayoumi, the Turkmen government said in message on November 17. According to the message, Qayoumi stressed the great importance of the large-scale projects, which were being implemented, for the regional countries. Among those projects is the…

Estonia: Nordica launches quiet morning flights

Estonian-state owned airline Nordica has introduced the so-called “quiet flights” in the mornings, where announcements read on the plane are kept to a minimum and do not include any advertisements. On the flights departing before 9 a.m., onboard announcements are presented in an abbreviated form and read in a quieter voice, Nordica said. Safety-related announcements,…

Turkmenistan: ADB OKs first strategy to back diversification of energy markets

The Asian Development Bank’s (ADB) Board of Directors has endorsed a 5-year Country Partnership Strategy for Turkmenistan to support regional cooperation and economic diversification during 2017-2021. The Bank announced that the document was ADB’s first full Country Partnership Strategy (CPS) with Turkmenistan since the country joined ADB in 2000. Turkmenistan has made important progress in…

Ukraine: 1.38 million tons of sugar produced

Production of sugar in Ukraine as of November 15 amounted to 1.38 million tons. According to the Ukrtsukor National Association of Sugar Producers, on the specified date 41 sugar factories were functioning in the country, which by now had processed 9.79 million tons of sugar beets. As reported, the new season of sugar production in…

Estonia: Port of Tallinn to go public

Port operator Port of Tallinn (AS Tallinna Sadam) announced that they would get listed at the Tallinn Stock Exchange. This step follows the course outlined in the coalition agreement signed by the Center Party, the Social Democrats, and the Pro Patria and Res Publica Union (IRL) a year ago. According to the agreement, the plan…