Ukraine: exports to Canada up in Q1 2019

In the first quarter of 2019, exports of Ukrainian goods and services to Canada amounted to $41.9 million, up by 48.8% YoY, the press service of the Economic Development and Trade Ministry wrote on Twitter. In particular, over the reporting period, Ukraine’s exports of goods to Canada made up $27.2 million, up by 62.4%. The…

Armenia: exports up in May 2019

According to the National Statistical Service of Armenia, Armenia recorded a 11.7% growth of exports of goods in May 2019 against May 2018. Some types of the goods recorded double-digit rise of export in May 2019 against May 2018, as well as in the January-May of this year against the same period of 2018. Some…

Azerbaijan: average monthly salary in Baku up in January-April 2019

In January-April the average monthly salary in Baku increased by 3.9% YoY and amounted to 820 manats, the Baku city Statistical Department reported. The employees of enterprises and organizations engaged in industrial, financial and insurance, professional, scientific and technical spheres, as well as ICT and construction sectors had the biggest average monthly salaries. The employees…

Ukraine: conditions to boost economic growth named

First Deputy Prime Minister of Ukraine, Minister of Economic Development and Trade Stepan Kubiv says Ukraine demonstrates strong economic growth, but to significantly accelerate its pace, the government should ensure the opening and liberalization of markets for the entry of private capital in a number of key sectors. “For economic growth to be more dynamic,…

Azerbaijan: tax revenues to state budget from banks and insurance companies up in January-May 2019

In January-May financial revenues from banks and insurance companies through the Ministry of Taxes to Azerbaijan’s state budget increased by 48.4% YoY. The total revenue value from banks and insurance companies for the reporting period amounted to 180.2 million manats. Over a quarter of all tax transfers accounted for the industrial sector – 560.9 million…

Ukraine: UIA launches combined aircraft + bus service

On July 1 Ukraine International Airlines in cooperation with JSC “Atass-Borispol” launched intermodal transportation between Vinnytsia and Boryspil International Airport. Through tickets are available on UIA website, at UIA ticket offices, and authorized travel agencies. The UIA combined services connecting Vinnytsia and Kyiv are operated daily on Neoplan buses. Buses depart from Terminal D, Boryspil…

Ukraine: Lviv International Airport passenger flow on international flights up in June 2019

Lviv Danylo Halytskyi International Airport serviced 227.4 thousand passengers in June, up by 30.8% YoY, according to a report posted on the airport’s official Facebook page. In June the number of passengers serviced on international flights totaled 208.8 thousand (+34.9%), and on domestic flights – 18.6 thousand (-2.1%). The number of flights over the reporting…

Azerbaijan: gas exports up in January-May 2019

Azerbaijan, which is an important supplier of natural gas in the Caspian Sea region, particularly to European markets, keeps increasing its gas exports. In the period from January to May Azerbaijan exported 4.9 billion cubic meters of gas, up 1.8-fold YoY, according to the Azerbaijani State Customs Committee. In monetary terms, the export volume amounted…

Ukraine: NBU chooses 14 systemically important banks

The National Bank of Ukraine (NBU) has identified 14 systemically important banks in accordance with the updated methodology, the central bank’s press service has reported. “The National Bank has determined the list of systemically important banks in accordance with the updated methodology. The new methodology has significantly expanded the number of such banks,” reads the…

Lithuania: Revolut poses no security threat

A special Lithuanian governmental commission gave the same verdict that Revolut’s activities did not run counter to the country’s national interests after completing its third review of the UK-based fintech start-up. The commission that vets transactions by strategic enterprises took the decision on June 25. Revolut Bank plans to start operating as a specialized bank…

Latvia: construction costs up in May 2019

Compared to April, the level of construction costs in Latvia grew by 0.6% in May. Labor remuneration of workers increased by 1.7%, prices of building materials by 0.5%, and maintenance and operational costs of machinery and equipment by 0.1%. In May, the average level of construction costs was affected the most by the increase in…

Azerbaijan: car production up in January-May 2019

The output in production of machinery and equipment, other vehicles, cars, trailers and semi-trailers amounted to 91.7 million manats in Azerbaijan in January-May. The production of cars, trailers and semi-trailers increased by 63.9%, machinery and equipment production – by 15.8%, while the production of other vehicles decreased by 1.8% in January-May 2018 compared to the…

Ukraine: national debt down in May 2019

The volume of public and publicly guaranteed debt of Ukraine in May decreased in dollar terms by $1.44 billion, or by 1.8%, to $78.4 billion, the Ministry of Finance reports. In the hryvnia equivalent, public debt for the said period was down by UAH 18.36 billion, or by 0.9%, to UAH 2.106 trillion. According to…