Estonia: retail turnover up in June 2019

According to information released by Statistics Estonia, the turnover of retail trade enterprises in June increased by 3% YoY at constant prices, to EUR 635 million. The turnover of stores selling manufactured goods increased by 4%. Turnover increased in five and decreased in two economic activities. Turnover increased the most in stores selling textiles, clothing…

Latvia: 40.5% of unemployed people middle-aged

At the end of 2018 Latvia’s State Employment Agency (SEA) focused on the category of unemployed people older than 50. These people accounted for 40.5% of all unemployed people in Latvia, according to the agency’s 2018 report. Long-term unemployed people were also SEA’s focus last year. These people account for 25.1% of all unemployed people…

Ukraine: state debt up in June 2019

As of June 30 Ukraine’s state and government-guaranteed debt amounted to $80.35 billion, or UAH 2,102.41 billion, the Finance Ministry has reported. “As of June 30 the state and government-guaranteed debt of Ukraine amounted to UAH 2,102.41 billion or $80.35 billion, including the state and government-guaranteed external debt in the amount of UAH 1,309.33 billion…

Estonia: Regional Jet revenue up in 2018

Estonian carrier Regional Jet, which is owned by Estonian state-owned airline Nordica and LOT Polish Airlines, achieved a better than expected zero result for 2018, with turnover increasing by 80% YoY, to EUR 68 million. “I am really impressed with how our organization has developed all these new businesses in such a short period of…

Azerbaijan: electricity exports up in H1 2019

Azerbaijan exported 1.2 billion kilowatt-hour of electricity in January-June in comparison with 1.1 billion kilowatt-hour in the same period of 2018, the State Customs Committee reported. The cost of electricity exported during the mentioned period amounted to $51.9 million compared to $54.6 million. The main producer of electricity in Azerbaijan is Azerenergy. The capacity of…

Kazakhstan: investments economy up in 2018

The value of investments attracted to the economy of Kazakhstan amounted to 11.179 trillion tenge in 2018, up by 17.5% YoY, the Committee of Statistics reported. “In the reporting period Shymkent city was the leader by attracted investments, the volume of which increased by 162.2%. It is followed by Atyrau and Kyzylorda regions of Kazakhstan,…

Ukraine: new Vilkha-M MLR system tested

Ukraine has tested the Vilkha-M (“Alder”) multiple launch rocket system, a high-precision upgrade of the Vilkha complex, which in turn is a deeply modernized version of the Soviet “Smerch”. “Another stage of factory tests of the Vilkha-M high-precision MLR system took place on July 24. During the tests, more tasks for checking and improving a…

Azerbaijan: WB implementing self-employment program

The World Bank’s “Azerbaijan Employment Support Project” will help expand the self-employment program, according to the statement made in the Azerbaijani Ministry of Labor and Social Protection of Population during a meeting with the preliminary assessment mission on the WB’s “Azerbaijan Employment Support Project”. Attracting the unemployed to self-employment will provide them with access to…

Turkmenistan: pharmaceuticals sector cooperation mulled with Belarus

Ashgabat hosted a meeting of Belarus Deputy Minister of Healthcare Natalia Zhukova with Minister of Healthcare and Medical Industry of Turkmenistan Nurmuhammed Amannepesov. The parties discussed the prospects for the development of cooperation in the field of healthcare, as well as in the medical and pharmaceutical industries. The most important direction is the purchase of…

Ukraine: agricultural exports up in H1 2019

In January-June exports of Ukrainian agricultural products amounted to $10.3 billion, up by 18.6% YoY or by $1.6 billion, according to Acting Agrarian Policy and Food Minister of Ukraine Olha Trofimtseva. “The foreign trade turnover of agricultural products reached $13.1 billion, or 25.1% of Ukraine’s total foreign trade turnover,” she said. Ukraine continues to increase…

Kyrgyzstan: informal employment reaches 60%

Informal employment makes up more than 60% of the labor market in Kyrgyzstan. The International Labor Organization provides such data. Informal employment is the so-called black labor market, not covered by government regulation. It involves non-recognition of the rights of workers, their vulnerability, poverty, and lack of development prospects. Informal employment reaches 29.6% in Kazakhstan,…

Azerbaijan: trade with Turkey up in June 2019

In June the trade turnover between Turkey and Azerbaijan increased by $644.300 million YoY and amounted to $789.259 million, a source in the Ministry of Commerce of Turkey reported. “In June Turkey’s exports to Azerbaijan amounted to $598.551 million, and imports from Azerbaijan – to $190.708 million,” the ministry said. The ministry noted that the…

Uzbekistan: foreign trade up in H1 2019

In January-June Uzbekistan had trade relations with more than 166 countries. In particular, the foreign trade turnover in January-June amounted to $19.7 billion and increased by $4.52 billion, or 29.8%, compared to the corresponding period of 2018, according to the State Committee of Uzbekistan on Statistics. Of this amount, exports reached $8.4 billion (+27%), and…