Belarus: BelAZ exports 96% of output in 2017

In 2017 the Belarusian automobile engineering company BelAZ exported about 96% of its output, according to the BelAZ website. In 2017 Belarus’ export rose by 84.8% from 2016. Russia remained the main market, with the sales growth rate at 173.2%. The top three buyers in physical terms also included Uzbekistan and Kazakhstan. The growth rate…

Estonia: number of Eesti Energia’s green energy contracts triples in 2017

The number of green energy contracts concluded by customers with the state-owned Estonian energy group Eesti Energia tripled during 2017, hitting 10,045 by year-end. Households with a green energy contract consume energy generated 100% from renewable sources, Eesti Energia says. “By buying green energy, our clients are influencing the development of electricity production, with a…

Ukraine: external debt totals 83% of GDP

Prime Minister Volodymyr Groysman has said that Ukraine’s external debt totals 83% of the country’s GDP. At the same time, he reminded that in 2014, when Arseniy Yatsenyuk became the prime minister, the state budget amounted to UAH 108,000, as the previous regime brought huge damage to the country. “Then there was the annexation of…

Ukraine: Ukrzaliznytsia to focus solely on transportation services

Ukrainian Infrastructure Minister Volodymyr Omelyan says Ukrainian state-run railways operator JSC Ukrzaliznytsia should focus only on the comprehensive development of transportation services. “Ukrzaliznytsia will never be able to make quality locomotives on its own. It will never make high-quality rail cars. When they talk about their passenger trains, I’m sorry, it’s past century technology: railway…

Ukraine: mayonnaise production down in November 2017

In November 2017 mayonnaise production by Ukrainian large and medium-sized plants was at the previous year’s level (12.4 KMT), but 12.7% lower than in October 2017 (11 KMT). Overall, mayonnaise production in 2017 has been fluctuating around the previous year’s level. Thus, Ukraine’s fat-and-oil industry produced 111.6 KMT in January-November 2017, down by 0.5% YoY.…

Kazakhstan: smart transport system to be launched

In his new State-of-the-Nation Address Head of State Nursultan Nazarbayev revealed what the future held for national transport and logistics infrastructure. President Nazarbayev is convinced that Kazakhstan needs to introduce digital technologies in a big way. For instance, in the address entitled “New Opportunities for Development Amidst the Fourth Industrial Revolution” President Nazarbayev suggests using…

Latvia: throughput of port Riga down in 2017

In 2017 the Freeport of Riga handled 33,674,700 tons of cargo, down by 9% YoY. According to the port authority, coal transshipment fell by 11.4%, to 11.776 million tons, transshipment of oil products totaled 5.64 million tons (-30.3%), wood pellets – 646,000 tons (+16.5%) and ore – 514,000 tons (+26.5%). The port’s container throughput grew…