Ukraine: Ukrzaliznytsia and General Electric sign agreement on production of locomotives

PJSC Ukrzaliznytsia and U.S. company General Electric Transportation signed a framework agreement on modernization and production of locomotives. The signing ceremony took place in the presence of Ukrainian President Petro Poroshenko and U.S. Ambassador to Ukraine Marie Yovanovitch. The agreement, in particular, provides for the modernization of a locomotive fleet and the construction of new…

Azerbaijan: Rabitabank authorized capital up

Azerbaijan’s Rabitabank has increased authorized capital by 12.8 million mantas, to 101.3 million manats, the bank said in a message. The bank’s authorized capital was increased at the expense of existing shareholders. The aggregate capital of the bank reached 104.6 million manats. The main goal of increasing the bank’s capital is to strengthen stability of…

Uzbekistan: Coca-Cola to increase production

Coca-Cola company in Uzbekistan decided to restore production of “FuseTea”, thus increasing production in the country. General director of Coca-Cola Bottlers Uzbekistan Ltd. (known as Coca-Cola Ichimligi Uzbekiston) Fahriddin Normatov said that the company planned to launch production of new types of products, including the FuseTea brand, this year. FruitTea has disappeared from the shelves…

Ukraine: public debt exceeds UAH 2 trillion

Ukraine’s public and publicly guaranteed debt has amounted to UAH 2.14 trillion (about $74 billion), Head of the State Treasury Service Tetiana Sliuz said during a public report on the activities of the State Treasury Service of Ukraine for 2017. “Of course, publicly guaranteed debt actually reaches trillions. As of January 1 it amounted to…

Ukraine: fast economic growth not ensured

Ukrainian Prime Minister Volodymyr Groysman has said Ukraine has yet to live up to its potential and ensure steady, fast economic growth. “So far, we have not been able to execute our ambitious plan to provide for steady, fast economic growth we are capable of,” Groysman said. Groysman added that many reforms had been launched…

Ukraine: sugar output up

Ukrainian sugar refineries have completed the current sugar production season, having produced 2.14 million tons of sugar since its launch on August 30, 2017, up by 6.5% YoY. “The production season is over. Forty-six sugar refineries have produced 2.14 million tons of sugar. Noteworthy, the increase in sugar output could be even greater, but the…

Turkmenistan: president voices discontent over low progress in transportation

Turkmen President Gurbanguly Berdimuhamedov has severely reprimanded Magsat Aydogdiyev, Minister of Automobile Transport, for improper performance of duties and shortcomings in work, the Turkmen government said in its message. “The head of state pointed to the low level of measures for further modernization and improvement of transport sphere in the country and expressed his discontent…

Belarus: food on display in Dubai

Belarusian foods are showcased during the international expo of agricultural products, food, and beverages Gulfood 2018 in Dubai, United Arab Emirates, the press service of the Belarusian Ministry of Foreign Affairs reported. A Belarusian pavilion was arranged with assistance of the Embassy of Belarus in the UAE. It features products made by a number of…

Kazakhstan: car output triples in January 2018

Kazakhstan produced 2,105 vehicles worth 12.1 billion tenge in January, reads a report issued by the Union of Enterprises of the Automobile Industry of Kazakhstan “KazAvtoProm”. The volume of output in physical terms exceeded the last year’s indicator 3.6-fold. The production of passenger cars increased 3.7-fold, reaching 2,041 units. The output of trucks (52 units)…

Ukraine: gas stocks down

Natural gas stocks in Ukraine’s underground storage facilities (USFs) on February 10-17 shrank by 5.2%, or 611 million cubic meters, from 11.681 billion cubic meters on the previous week to 11.070 billion cubic meters. In particular, 91.27 million cubic meters of gas were withdrawn from the storage facilities on February 17 alone, the state-run gas…

Estonia: ice road to open between Haapsalu and Noarootsi

The Estonian Maritime Administration has halted ship traffic in the part of Haapsalu Bay located south of Seasaar and east of the Rohukula-Sviby shipping lane, Maritime Administration spokesperson Priit Poiklik reported. The Estonian Road Administration has requested that, in case of appropriate weather conditions, ship traffic in the area of the planned Haapsalu-Noarootsi ice road…

Turkmenistan: seeds of high-yield wheat used

Wheat crops take up more than 700,000 hectares of agricultural areas in Turkmenistan. Vegetation watering was carried out. Additional mineral fertilizing of soil will be done closer to spring. Seeds of high-yield wheat were being used during the sowing. Measures to protect winter crops against pests and diseases are being taken. About 1 million tons…

Ukraine: 80% of fish imported

Ukraine imports 80% of the consumed fish, according to First Deputy Agrarian Policy Minister Maksym Martyniuk. He stated that Ukraine had huge potential for import substitution. “We need to develop the production of aquaculture: once the fish is produced in Ukraine and sold for the Ukrainian hryvnia, then poachers, who now receive fish for free…