Ukraine: infrastructure minister announces increase in flights on domestic air routes

Ukrainian Infrastructure Minister Volodymyr Omelyan announced that the number of flights on domestic air routes increased. “Finally, we see an increase in flights not only on international but on domestic air routes also. Starting from today, SkyUp Airlines launches cheap regular flights Kyiv-Odesa and Kharkiv-Odesa. And starting from tomorrow, the Motor-Sich airline launches Kyiv-Uzhgorod flights…

Azerbaijan: gas production to grow

Oil prices this year are expected to reach $65, Director of Fitch Ratings Sovereign Group in Europe Marina Stefani declared. She said that next year oil prices would be at $62.5. The expert also noted that gas production in Azerbaijan would grow due to the production from the second stage of Shah Deniz field’s development.…

Estonia: LHV to buy Danske loan portfolio

Estonian bank LHV is set to acquire Danske Bank’s private customer loan portfolio, for around EUR 410 million. In February, Danske was ordered to close its doors by the Finanical Supervisory Authority (FSA), ending months of speculation following revelations that as much as EUR 200 billion in potentially illicit funds had passed through the bank…

Ukraine: only reforms to accelerate economic growth

The economic potential of Ukraine allows achieving much better indicators of economic growth, but this potential is still constrained by insufficient reforms. Ivan Miklos, the former finance minister of Slovakia, co-chair of the Group of Strategic Advisors for Support of Reforms in Ukraine, made a relevant statement during the workshop on the economic development of…

Ukraine: poultry exports up in January-April 2019

The Ukrainian Food Export Board (UFEB) said farmers in January-Apri boosted poultry meat exports by 40% YoY, to 135,800 tons worth $199.2 million. Major buyers of Ukrainian poultry meat were Saudi Arabia (shipments worth $54.7 million) with a 27.4% share in the total export structure, the Netherlands ($33.1 million, 16.6%), and Slovakia ($20 million, 10%).…

Estonia: economy growing in Q1 2019

According to information released by Statistics Estonia, GDP grew by 4.5% YoY in the first quarter of 2019. The seasonally and working day adjusted GDP grew by 0.5% compared with the previous quarter and by 4.6% compared with the first quarter of 2018. Economic growth was driven by manufacturing. The last time that manufacturing had…

Georgia: 20% of population under absolute poverty line

About 20.1% of Georgia’s population is under the absolute poverty line, shows the latest data of 2018 poverty indicators published by the National Statistics Office of Georgia (Geostat). Georgia’s population has slightly decreased, reaching 3,723,500 people as of January 1, says another data from Geostat. Most people under absolute poverty line live in the country’s…

Kyrgyzstan: 79,400 unemployed registered in Q1 2019

In January-March at least 74,900 unemployed people were officially registered in Kyrgyzstan, the National Statistical Committee reports. About 99,500 people are registered with the State Employment Service as searching for a job. Compared with 2018, the figure increased by 19.2%, while the number of unemployed increased by 28.3%. Most of the unemployed live in Jalal-Abad…

Ukraine: Skywell to start producing electric buses

The Chinese company Skywell will launch the production of electric buses in Ukraine, the company’s press service reports on Facebook. “Today we have met honored guests from China – specialists in the development of electric bus technologies. We discussed the possibility and technologies of organizing SKD assembly of the electric buses Skywell in Ukraine. So…

Ukraine: capital investments up in Q1 2019

The growth of capital investments in Ukraine made up 21.7% in the first quarter of 2019, according to data provided by the State Statistics Service of Ukraine. In particular, Ukraine received UAH 108.3 billion in capital investments in January-March, up by 21.7% YoY. The largest investments in the first quarter were made in the country’s…

Ukraine: construction industry up in January-April 2019

In January-April, Ukrainian enterprises completed construction works worth UAH 38.566 billion, and the index of construction in relation to the relevant period in 2018 amounted to 28.1%, Deputy Minister of Regional Development, Construction, Housing and Utilities Lev Partskhaladze wrote on his Facebook page. “In 2019, construction volumes continue growing. In the first four months of…

Uzbekistan: charter flights to Kyrgyzstan to be resumed in summer

Uzbekistan and Kyrgyzstan will resume charter flights on the route Tashkent-Tamchy (Issyk-Kul). Inspiro Travel (Kyrgyzstan) and Asia Lux Travel, together with Uzbekistan Airways, intend to resume charter flights on the Tashkent-Tamchy route (Issyk-Kul) for the summer tourist season 2019, from June 27 to September 6. Flights on the route Tashkent-Tamchy-Tashkent will be operated once a…