Ukraine: mayonnaise production up in 2017

Ukraine’s large and medium-sized producers made 13.9 KMT of mayonnaise in December 2017, up by 12% MoM and YoY, when its production was at 12.4 KMT. In the full 2017 year mayonnaise production gained 0.7% and amounted to 125.5 KMT against 124.6 KMT in 2016. As a reminder, mayonnaise production has been staying at a…

Estonia: exports and imports up in 2017

According to information released by Statistics Estonia, the exports of goods increased by 8% and imports by 9% YoY in 2017, with exports totaling EUR 12.8 billion and imports to Estonia EUR 14.7 billion at current prices. The trade deficit in 2017 was EUR 1.9 billion, up by EUR 315 million. The increase in the…

Belarus: Belneftekhim’s exports up in 2017

The organizations affiliated with the Belarusian state petrochemical concern Belneftekhim increased the export of goods to $7.7 billion in 2017, by 27.5% YoY, Belneftekhim Chairman Igor Lyashenko noted at a session to assess the performance of the concern in 2017. In 2017 the concern met the main targets in foreign trade in goods and services.…

Ukraine: new Arab air carrier to appear

One more top Arab air carrier may appear in Ukraine, which will perform flights from regional Ukrainian airports to Asia, Infrastructure Minister of Ukraine Volodymyr Omelyan said. “Negotiations are under way with one of the top Arab carriers, and I am sure they are successful. If this air carrier starts transportations from Lviv to Asia…

Kyrgyzstan: over 4.6 million dekaliters of alcohol produced in 2017

In 2017 Kyrgyzstan produced 4,610.1 million dekaliters of alcoholic beverages, the Directorate for the Regulation, Control over the Production and Turnover of Ethyl Alcohol, Alcoholic and Alcohol-Containing Products reported. “In 2017 at least 42 enterprises operated in the alcohol industry, including 5 alcohol and 6 vodka plants, 13 breweries and 18 wineries,” the directorate said.…

Ukraine: Astarta cuts sugar production in 2017

Astarta in the 2017-2018 marketing year (MY, September-August) reduced sugar production by 8%, to 463,000 tons compared to the previous MY, the company’s press service has reported. According to its information, Astarta plants processed about 3.1 million tons of sugar beets. The reduction of sugar production is due to a lower than planned sugar beet…

Armenia: trade turnover with Switzerland up in 2017

Trade turnover between Armenia and Switzerland grew 3.6-fold in 2017, Armenian Prime Minister Karen Karapetyan said at a meeting with Dominique de Buman, President of the National Council of the Swiss Confederation. “We should consistently build on our achievements in bilateral economic ties,” the PM said. “We are confident that Armenia may attract Swiss capital,…

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.…