Ukraine: Kyiv International Airport passenger flow up in January-October 2018

Igor Sikorsky Kyiv International Airport (Zhuliany) serviced 2.424 million passengers in January-October, up by 56.3% YoY, the airport’s press service reports. The number of passengers serviced on international flights totaled 2,351.2 thousand, and on domestic flights – 73 thousand. The number of flights in January-October included 25,904 both arrivals and departures, up by 32.9% (of…

Estonia: electricity prices not too high

According to Taavi Veskimagi, CEO of the Estonian state-owned transmission system operator (TSO) Elering, the current low price of electricity does not allow for investments. Veskimagi said that the current quarter’s price jump to more than EUR 40 per megawatt-hour was rather an anomaly, and electricity prices were forecast to return to EUR 40 or…

Ukraine: inflation up in October 2018

Consumer inflation in Ukraine in October accelerated to 9.5% in annual terms, according to the press service of the National Bank of Ukraine (NBU). “In October consumer inflation accelerated to 9.5% YoY (8.9% YoY in September). In the monthly measurement, prices rose by 1.7%,” reads the report. As expected, the fundamental inflationary pressure remained significant,…

Kazakhstan: economy up in January-October 2018

Kazakhstan’s GDP grew by 4.1% YoY in January-October, Minister of National Economy Timur Suleimenov announced. “In January-October the economy of Kazakhstan maintained a positive growth trend. GDP growth in the period under consideration reached 4.1%. The major factors of economic growth were a high investment activity, slowdown in inflation, and a production increase in the…

Ukraine: apple exports down in October 2018

Ukraine in October cut exports of organic apples for processing by 42% YoY, to 2,200 tons due to overproduction and critically low prices of this type of fruit, the Ukrainian Fruit and Vegetable Association’s press service reported. “In October only 2,200 tons of apples were exported from Ukraine, down by 42%. Thus, exports of apples…

Georgia: Washington hosts wine events

Washington is hosting the “First vino Forum of America” on November 11-13. The three-day event includes a “Saperavi Festival” and Georgian wine tasting events. The forum will end with a scientific conference, which will be dedicated to Georgian wine culture and history. The United States is one of the growing export markets for Georgian wine.…

Lithuania: ruling party leader-related company pledges to stop buying fertilizers from a Russia-affiliated company

Agrokoncernas, a business group owned by Ramunas Karbauskis, leader of the ruling Lithuanian Farmers and Greens Union, has pledged to stop buying fertilizers from Russia company Minudobreniya as its key shareholder Arkady Rotenberg is subject to international sanctions. Agrokoncernas imports fertilizers from Minudobreniya via an intermediary in Dubai, although the company does not disclose, which…

Kazakhstan: new airline route to be launched

For the first time ever Kazakhstan’s SCAT air carrier plans to launch a new airline route to the capital of Tajikistan, Dushanbe, from Astana city, the company’s Facebook account reads.

Astana-Dushanbe-Astana flights will be performed twice a week on Fridays and Sunday by CRJ 200 craft from December 14 this year. (Kazinform/Business World Magazine)

Ukraine: Serbia allows imports of eggs

Ukraine’s State Food Safety and Consumer Protection Service and the relevant authority of the Republic of Serbia have agreed on issuing a veterinary certificate for the imports of eggs and egg products from Ukraine. “Ukraine’s State Food Safety and Consumer Protection Service and the competent authority of the Republic of Serbia have agreed veterinary certificates…

Azerbaijan: second Wine House opens in China

Azerbaijan’s second Wine House in China has opened in Shanghai, Azerbaijan’s Economy Ministry said in a message. Azerbaijan’s Wine House located in Shanghai Waigaoqiao Free Trade Zone, which is the International Trading Operation Center (ITOC) of Shanghai, will host exhibitions, wholesale and retail sales, as well as product tasting. In Azerbaijan’s Wine House, there are…

Ukraine: inflation to slow down in 2019

Inflation in Ukraine will slow down next year to a single-digit figure, for the first time since 2013, according to a Reuters survey. This will happen thanks to a tight monetary and prudent fiscal policy that meets the requirements of the International Monetary Fund, that’s according to the polled experts, Reuters wrote. According to a…

Ukraine: NBU revokes banking license of BM Bank

The National Bank of Ukraine (NBU) has revoked banking and general licenses for foreign exchange operations of JSC BM Bank, the central bank’s press service reports. “The National Bank of Ukraine by the Board’s decision dated November 6, 2017, No.749-rsh, revoked the banking and general licenses for foreign exchange operations from JSC BM Bank and…