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Estonia: rural municipality of 5,843 wants nuclear reactor

The rural municipality of Viru-Nigula in Laane-Viru county is interested in getting the small nuclear reactor Fermi Energia is planning to build in Estonia. Viru-Nigula mayor, Einar Vallbaum, said that they were very interested in the coming nuclear power station. "We're helping along as much as we can, because seeing this nuclear power station built would be important for Estonia," Vallberg...

Kazakhstan: company to build railways in Slovakia

Thanks to support of KazakhExport Export Insurance Company (Baiterek affiliate) Kazakhstani companies have reached a new level of cooperation, Chairman of the Board of Baiterek National Management Holding Aidar Arifkhanov said. KazakhExport encourages Kazakhstani companies to enter the international market of construction services. For example, the country's companies take part in the railways construction tender in Slovakia. The Ust-Kamenogorsk project...

Azerbaijan: poultry factory starts exporting eggs to Qatar

Hajigabul Gushchulug, a poultry factory in Azerbaijan's Hajigabul district, has started exporting eggs to Qatar, a source at the company reported. The source noted the volume of deliveries amounted to 1,000 packages or 36,000 eggs. "We expect to increase the number of eggs exported to Qatar to 40,000-45,000. The factory produces about 30-35 million eggs per year," the source said. The source...

Ukraine: PrivatBank not to be returned to former owners

President Petro Poroshenko has stated that lawyers of oligarch Ihor Kolomoisky will not be able to return PrivatBank to its former owners. "Lawyers of Kolomoisky are working on the denationalization of PrivatBank to return it to its former owners. This may cause a crisis of the banking system. The nationalization of PrivatBank was one of the key issues in our...

Ukraine: business wants to see economic stability and investment protection

In Ukraine, business needs macroeconomic stability, the rule of law, the eradication of corruption and the protection of investments and property, President of the American Chamber of Commerce in Ukraine Andy Hunder said at a meeting with business representatives, held with the participation of President Petro Poroshenko. "Business wants to see economic stability. Reforms should continue. There must be macroeconomic...

Estonia: Tallinn-Helsinki tunnel to spark major growth of housing market prices

A tunnel between the two cities would make Tallinn a "suburb" of Helsinki, which would substantially add to Finns' interest in the local real estate market, CEO of developer Ober Haus, Tarmo Kase, said on April 15. Kase said that Tallinn would become attractive as a place of residence for Finns. Real estate market prices at the moment are about twice...

Azerbaijan: alcoholic beverage producer to export wine to China

Azerbaijani producer of alcoholic beverages, Naiqin-K Tovuz-Baltiya LLC, intends to export the products to China in the second half of 2019, the company reported. "On average, one consignment of the products intended for export reaches 20 tons of alcoholic beverages," the company said. "The biggest volume of export accounts for the markets of Russia, Ukraine and the Baltic countries. The...

Kazakhstan: trade volume with Uzbekistan to increase

Uzbekistan and Kazakhstan are planning to increase the volume of mutual trade to $4 billion. Nowadays, Kazakhstan and Uzbekistan carry out joint projects and cooperation programs in such areas as mechanical engineering, electrical engineering, food industry, tourism, transport and logistics. Recently, the volume of trade between the two countries has grown at a high rate. While in 2017 it was $2...

Ukraine: labor migrants’ remittances up in 2018

The volume of remittances through digital services and PrivatBank offices in 2018 grew by 25% YoY, to $2.6 billion. Over 60% of remittances were received exclusively via digital services, according to the bank's press service. Referring to the statistics of the National Bank of Ukraine on $5.67 billion of money transfers through official channels, PrivatBank said it accounted for 45%...

Ukraine: alcoholic beverages up in price in March 2019

In March, the price of vodka, wine and beer of Ukrainian origin rose by an average of 8.6-12.5% YoY, according to data provided by the State Statistics Service of Ukraine. Thus, in March, the price of a bottle of vodka amounted to UAH 91.21 per 0.5 liter on average, up by 11.9%. A bottle of Ukrainian wine last month cost UAH...