Turkmenistan and Ukraine discussing infrastructure projects

President of Turkmenistan Gurbanguly Berdimuhamedov met with Ukrainian businessmen, Chairman of the Board at Interbudmontazh Construction Association Vladimir Petruk and Director General of Altcom Financial Industrial Group Alexander Tislenko, the Turkmen government said in a message. President Berdimuhamedov noted that Turkmenistan aimed at mutually beneficial cooperation with foreign partners, including with the business circles of…

Turkmenistan: planting campaign of winter grains complete

In Turkmenistan, agrarians have already completed the planting campaign of winter grains throughout the areas of 760 thousand ha, the Ministry of Agriculture reported. According to the President of Turkmenistan, Gurbanguly Berdimuhamedow, high-quality and well-organized planting campaign is the guarantee of a rich harvest. Turkmen grain producers provide the country’s food independence, and increase the…

Estonia: Elron to raise ticket prices

A ticket price increase for Elron trains is inevitable because the wages of the company’s employees need to be increased, among other things, Minister of Economic Affairs and Infrastructure Kadri Simson (Center) said. “Elron’s ticket prices have been unchanged for several years now, whereas the overall price rise during the same period has reached almost…

Latvia: construction costs up in September 2017

Compared to August, the level of construction costs in Latvia grew by 0.2% in September. Labor remuneration of workers rose by 0.5%, maintenance and operational costs of machinery and equipment by 0.2%, and prices of building materials by 0.1%. Compared to September 2016, construction costs increased by 2.3%. Labor remuneration of workers grew by 4.3%,…

Ukraine: Ukrzaliznytsia to build near 4,200 freight cars at own production facilities in 2018

The public joint-stock company Ukrzaliznytsia in 2018 seeks to build 4,000 gondola cars and around 200 fitting platforms at own production facilities – Paniutyne, Stryi and Darnytsia car repair plants. Head of the car department at Ukrzaliznytsia Oleh Motin gave the information at the international conference “Car Building & Rolling Stock Repair in Ukraine” in…

Belarus: exports to Poland up in January-August 2017

Belarus’ exports to Poland went up by 19% in January-August, Belarus’ Deputy Minister of Foreign Affairs Evgeny Shestakov said at the 5th meeting of the Belarusian-Polish working group on trade and investment on October 25. The working group is part of the Belarus-Polish joint commission on economic cooperation. “According to the Belarusian statistics, the bilateral…

Turkmenistan: Ashgabat and Bucharest mull transport and energy issues

The next round of consultations between the foreign ministries of Turkmenistan and Romania has recently taken place in Bucharest, the Turkmen Foreign Ministry said in a message. At the meeting, the sides noted the development of relations in the political and diplomatic, trade-economic and cultural-humanitarian spheres. “Particular attention was paid to energy and transport issues,”…

Ukraine: TAScombank to merge with VS Bank

Sergiy Tigipko intends after the purchase of VS Bank (Lviv) to merge it with TAScombank (Kyiv), the businessman said during the Ukrainian banking forum CIS Bankers held in Kyiv. “We want to merge VS Bank and TAScombank – we undertook such obligations. This will allow us to significantly increase the capital (by 60%), which we’ve…

Belarus: Russia’s tomato re-export accusations dismissed as groundless

Accusations made by the Federal Service for Veterinary and Phytosanitary Surveillance of Russia (Rosselkhoznadzor), which believes Belarus re-exports tomatoes, are groundless, Belarusian Agriculture and Food Minister Leonid Zayats declared. The official reminded that the Russian agency already inspected gardens, farms, and storage facilities in Belarus at the beginning of the year. “Tensions were relieved and…

Estonia: Elron ticket revenue up in September 2017

The state-owned passenger train operator Elron sold tickets for EUR 1.1 million in September, up by 8% YoY. At 650,000 passengers, the number of people that used Elron’s connections increased by 9% as well, or by some 50,000 people. The company’s busiest routes in September this year were Tallinn-Paldiski with 116,000, Tallinn-Riisipere with 102,000, Tallinn-Aegviidu…

Turkmenistan developing regional railway infrastructure

Turkmen President Gurbanguly Berdimuhamedov congratulated Turkmen railway workers on putting a locomotive depot into operation in Bereket city, Balkan region. A locomotive depot has been built along the Kazakhstan-Turkmenistan-Iran railway commissioned in December 2014. Railway transport is one of the most important segments of the Turkmen national economy. Big international projects have been implemented, railway…