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…

Ukraine: GDP up in Q3 2017

Ukraine’s real gross domestic product (GDP) rose by 2.1% in July-September compared with the same period in 2016. The figures are indicated in the updated report of the State Statistics Service of Ukraine. As stated, Ukraine’s economy maintains its positive growth trend. The real GDP in Q3 increased by 0.2% QoQ (taking into account seasonal…

Uzbekistan: aviation agreement with Spain inked

Uzbekistan and Spain have signed agreements on air services and international road transport, the Uzbek Foreign Ministry reported. The document was signed by Foreign Ministers of Uzbekistan and Spain Abdulaziz Kamilov and Alfonso Dastis in Madrid. The signed documents create a legal basis for the development of bilateral cooperation in the transport and communication sphere…