Georgia: 2018 grape harvest kicks off

The 2018 grape harvest is in full swing in Georgia’s wine region of Kakheti. This will be the first grape harvest in the last 10 years that has not been subsidized by the state. Diversified markets, increased wine exports and the number of enterprises on the market gives firm reasons to believe that the grape…

Estonia: consumer prices up since 2000

Consumer prices in Estonia rose by 79.5% between 2000 and 2017, more then twice the EU average of 36.5% and fifth in Europe, Eurostat, the European Commission’s statistical agency said. Estonia was, according to the figures, well above the EU average in virtually all sectors, most notably alcohol and tobacco products, where prices in Estonia…

Ukraine: exports to EU up in H1 2018

In January-June Ukraine exported goods and services to the EU countries to the tune of $11.2 billion. The exports to the EU countries in the first six months of 2018 totaled $11.2 billion (the exports in goods totaled $9.7 billion). Ukraine’s exports to the EU grew by $1.8 billion compared to the same period last…

Lithuania: tender to rebuild Renge section announced

Lithuania’s state-run railway company Lietuvos Gelezinkeliai (Lithuanian Railways) has called a tender to rebuild the Mazeikiai-Renge railway section dismantled a decade ago. The section was used by the Mazeikiai-based oil processing company Orlen Lietuva, owned by Poland’s Orlen, to transport its oil products to Latvia. According to information on Lithuania’s central public procurement website, the…

Estonia: Uber prices up in Tallinn

Whilst ride-sharing service Uber has hiked its prices at least in Tallinn, taxi-hailing app Taxify has announced that it is not planning to follow suit and that its pricing policy will remain as it is for the foreseeable future. “Taxify is not planning any changes in pricing in the near future,” Marek Unt, head of…

Belarus: external debt down in January-July 2018

As of August 1 Belarus’ external debt totaled $16.5 billion, down by $179 million or by 1.1% from the beginning of the year (taking into account differences in currency exchange rates), the Finance Ministry reported. In January-July external state borrowings totaled $1,506 billion, including $600 million in eurobonds, $515.1 million borrowed from the Russian government…

Azerbaijan: car exports to start in 2019

The Azerbaijan-Iran car plant Khazar intends to start exporting cars to Russia and other CIS countries in 2019, Veronika Allahverdiyeva, official representative of the Azerbaijani AzerMash automobile company, declared. Allahverdiyeva made the remarks on the sidelines of the Moscow International Automobile Salon in Crocus Expo International Exhibition Center. Azerbaijani “Khazar” cars are showcased at the…

Ukraine: PP imports up in January-July 2018

Ukraine’s polypropylene (PP) imports increased by 9% YoY in the first seven months of the year, as demand for all PP grades grew. Overall imports of propylene polymers reached 74,000 tons in January-July, compared to 67,700 tons a year earlier. Demand for all PP grades increased, but PP block copolymers accounted for the greatest growth.…

Romania: African swine fever strikes largest pig farm

African swine fever (ASF) has been confirmed on Romania’s largest pig breeding farm, where 140,000 animals are being culled. The deadly ASF virus was confirmed on the farm, which consists of three adjacent properties in the southern county of Braila, after water samples were sent to the authorities. Romania’s national veterinary authority, ANSVSA, confirmed the…

Estonia: retail turnover up in July 2018

The turnover of retail trade enterprises increased by 2% YoY in July, according to Statistics Estonia. The increase in July at constant prices led to a retail trade enterprises turnover of EUR 624.1 million. If seasonally and working-day adjusted data is taken into account however, the increase stood at 1%. The breakdown is as follows:…

Belarus: more beef to be sold to China

Belarus intends to sell more beef to China, representatives of the Embassy of Belarus in China reported after Belarusian Agriculture and Food Minister Leonid Zayats held a series of negotiations in Beijing. Leonid Zayats met with top executives of the China Meat Association (CMA), Great Silk Road Company, and Chengdu Haiyunda Company. The sides discussed…

Estonia: business sector profits down in Q2 2018

According to Statistics Estonia, in the second quarter of 2018 the total profit of the business sector was EUR 726 million, down by 12% YoY. Compared to the second quarter of 2017 the total profit decreased in most economic activities. Trade, agriculture, forestry and fishing, and information and communication enterprises contributed the most to the…

Ukraine: mayonnaise production up in June 2018

In June mayonnaise production by Ukraine’s large and medium-sized plants totaled 10.5 thousand tons, i.e. it recovered to the level of June 2017. Mayonnaise output in the reporting month was the second largest this year, but it still remained below the four-year average of 11.2 thousand tons. Although it gained almost 2% from May, this…

Belarus: progress on building NPP good

The completion rate of the first unit of the Belarusian nuclear power plant stands at 80%, and that of the second unit – 60%, Mikhail Filimonov, Director General of the state enterprise Belarusian Nuclear Power Plant, declared. “The readiness of the Belarusian nuclear power plant is reflected by an integrated indicator resulting from a complicated…