Latvia: transport planning in Riga not reflecting region’s scale

Road Transport Administration plans to speak with Riga and Pieriga administrations about the fractured public transport system in the region, says the administration’s chairman Kristians Godins. Organization for Economic Co-operation and Development has concluded that transport planning in Riga and its region is fragmented and does not reflect Riga region’s scale. OECD believes coordination among…

Kazakhstan: economy grows by 4.3%

The economic growth in Kazakhstan has amounted to 4.3% since the beginning of this year, the First Vice-Minister of the National Economy of Kazakhstan Ruslan Dalenov said on September 19 during a government meeting. “After the slight slowdown of 4% in July, the economic growth accelerated to 4.3% during the eight months of this year,…

Azerbaijan: new artillery guns purchased

Azerbaijan has purchased new artillery guns from the Czech Republic. The DANA self-propelled artillery guns of the Czech production have been delivered to Azerbaijan and are being used in large-scale exercises involving various branches of Azerbaijani Armed Forces, the Defense Ministry reported on September 18. First introduced in 1977, DANA systems have a firing range…

Uzbekistan: new requirements set for local banks

Minimum authorized capital for each newly established commercial bank in Uzbekistan will be 100 billion soums starting from October 1. According to the decree of the country’s President Shavkat Mirziyoyev “On measures to further develop and improve stability of Uzbek banking system”, the banks operating in Uzbekistan must bring their authorized capital, if necessary, to…

Azerbaijan: August 2017 inflation at 0.2%

Prices for consumer goods and tariffs for services in Azerbaijan increased by 0.2% MoM in August, the country’s State Statistics Committee reported. Prices for foodstuff increased by 0.3%, while the prices for non-food goods – by 0.1%. The cost of paid services increased by 0.2%. In January-August prices for consumer goods and tariffs for services…

Ukraine: export prices for soybean oil increase

In the current week the Ukrainian export market of soybean oil demonstrated some increasing of selling prices, due to rather high demand for the product. As of September 13 selling prices for hydrated soybean oil usually varied within the range of $770-775/ton FCA, crude soybean oil – $730-750/ton FCA, up nearly by $10-20/ton compared with…

Latvia disagrees with proposal to reduce cod and herring fishing volumes in the Gulf of Riga

Minister Janis Duklavs met with NGOs at Agriculture Ministry’s Fishing Advisory Council meeting and discussed with them European Commission’s proposal for fishing opportunities in the Baltic Sea in 2018. EC’s proposal for fishing opportunities would affect Latvia the most negatively in relation to eastern cod (project suggests a 28% reduction) and herring (7%). There is…