Ukraine: AVK launches ground coffee line

AVK Confectionary LLC (Kyiv), a large confectionary producer in Ukraine, with the launch of the ground coffee line under the Baristi trademark seeks to reach 5% of the market segment by 2018. The company said in a press release that in May 2016 AVK started producing ground coffee under the Baristi trademark. In 12 month…

Tajikistan: Dushanbe mayor inaugurates largest water park

Dushanbe Mayor Rustam Emomali has inaugurated Tajikistan’s largest water park. The Dushanbe Water Park with an area of 20,000 square meters has been constructed by Tajikistan’s Sokhtmoni Makhsus (Special Construction) Company in cooperation with Preston & Barbieri (Italy), according to the Dushanbe mayor’s office. More than 63.6 million somoni have reportedly been spent for construction…

Ukraine: Kyivenergo asks NCER to compensate for UAH 26.4 million for stable power supply provision during Eurovision

The public joint-stock company Kyivenergo has asked the National Commission for Energy, Housing and Utilities Services Regulation (NCER) to review the investment program of the company for 2017 and add UAH 26.4 million (VAT included) spent on the provision of stable power supply to the Eurovision 2017 contest facilities. According to the company, all steps…

Latvia: potential of business service centers remains unexplored

The role of international business service centers keeps increasing in the global economy. In Latvia, however, their potential remains largely unexplored, says New Hanza City project’s developer Pillar representative Guntars Cauna. Business centers’ specifics are dictated by their functions, says Cauna. The most common functions are accounting or wage management, data processing and functions that…

Azerbaijan: non-oil economy growing

Azerbaijan’s GDP volume reached 25.34 billion manats in January-May, down by 0.9% YoY, according to a report of the country’s State Statistics Committee. GDP volume per capita reached 2610,3 manats. Meanwhile, the volume of Azerbaijan’s non-oil GDP rose by 2.3% in January-May as compared to the same period of 2016. The volume of Azerbaijan’s GDP…

Ukraine: retirement age not to be raised

The reform proposed by the Cabinet does not provide for raising the retirement age, but it cancels the taxation of pensions, Prime Minister of Ukraine Volodymyr Groysman said, commenting on the decision of the National Council of Reforms to support the pension reform. “We had a thorough conversation, we received useful suggestions, and the National…