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…

Ukraine: Kyivenergo shareholders decide to divide company in types of activities

Shareholders of the public joint-stock company Kyivenergo have decided to reorganize business via dividing the company into types of activities, the company’s press service has reported. After the reorganization of Kyivenergo two new companies will be created: one will distribute electricity and operate power lines, and the other will supply electricity. This division is required…

Turkmenistan: cooperation with IDB mulled

Turkmenistan’s Ministry of Foreign Affairs held talks with Hisham Taleb Maarouf, acting director of the Islamic Development Bank’s (IDB) regional office for Central Asia, said the ministry in a message. During the meeting, the parties expressed commitment to further consolidate efforts, according to the ministry. Expressing hope for fruitful cooperation on the reconstruction of neighboring…

Ukraine: 60,000 tons of sugar exported

Sugar exports from Ukraine since early 2017-2018 agricultural year (September-August) totaled 59,300 tons, the Ukrtsukor national association of sugar producers has reported. The association said in a press release that in October Ukrainian companies exported 42,300 tons of sugar, up 2.5-fold MoM. “In October, exporters shipped 2.5 times more sugar than in the previous month…

Azerbaijan: four bridges constructed

Four bridges have been constructed in Azerbaijani Agstafa district, Azeravtoyol OJSC reported. Three bridges were built on the Agstafa-Poylu-Georgian state border highway and one bridge on the Agstafa-Poylu-Duzgishlag-Gazakh highway to ensure comfortable and safe movement of the citizens. New bridges were built across Agstafachay, Ajiderechay and Kura rivers, as well as over the railway. The…