Estonia: retail turnover up in July 2018

The turnover of retail trade enterprises increased by 2% YoY in July, according to Statistics Estonia. The increase in July at constant prices led to a retail trade enterprises turnover of EUR 624.1 million. If seasonally and working-day adjusted data is taken into account however, the increase stood at 1%. The breakdown is as follows:…

Belarus: more beef to be sold to China

Belarus intends to sell more beef to China, representatives of the Embassy of Belarus in China reported after Belarusian Agriculture and Food Minister Leonid Zayats held a series of negotiations in Beijing. Leonid Zayats met with top executives of the China Meat Association (CMA), Great Silk Road Company, and Chengdu Haiyunda Company. The sides discussed…

Estonia: business sector profits down in Q2 2018

According to Statistics Estonia, in the second quarter of 2018 the total profit of the business sector was EUR 726 million, down by 12% YoY. Compared to the second quarter of 2017 the total profit decreased in most economic activities. Trade, agriculture, forestry and fishing, and information and communication enterprises contributed the most to the…

Ukraine: mayonnaise production up in June 2018

In June mayonnaise production by Ukraine’s large and medium-sized plants totaled 10.5 thousand tons, i.e. it recovered to the level of June 2017. Mayonnaise output in the reporting month was the second largest this year, but it still remained below the four-year average of 11.2 thousand tons. Although it gained almost 2% from May, this…

Belarus: progress on building NPP good

The completion rate of the first unit of the Belarusian nuclear power plant stands at 80%, and that of the second unit – 60%, Mikhail Filimonov, Director General of the state enterprise Belarusian Nuclear Power Plant, declared. “The readiness of the Belarusian nuclear power plant is reflected by an integrated indicator resulting from a complicated…

Ukraine: economic development a key task

Ukraine is moving steadily towards European and Euro-Atlantic integration, but the economic development is also a key task. “We can move forward only when we have economic successes. Yes, we have created the army. Yes, we have reached the international solidarity around Ukraine. Yes, I firmly advance Ukraine towards European and Euro-Atlantic integration. However, the…

Estonia: construction volume up in Q2 2018

According to Statistics Estonia, the total domestic and international production of Estonian construction enterprises increased by 20% in the second quarter of 2018. Taking into account only the Estonian construction market, construction volume increased by 22%. The production value of construction enterprises amounted to EUR 767 million, of which the production value of building construction…

Uzbekistan: GMU raises prices for some car models

Uzbek automaker GM Uzbekistan has resumed sales of cars on the domestic market but the prices have increased by 7.7%, the company said. The principles of pricing and reasonableness of the calculation of prices for manufactured cars were considered with the assistance of the country’s government with the participation of representatives of ministries and departments,…

Kazakhstan: flour exports up in May 2018

Kazakhstan exported 162 thousand tons of flour in May, up by 18% MoM (137.5 thousand tons), but down by 2% YoY (165 thousand tons). In total, Kazakh flour exports in MY 2017-2018 (September-May) were up by 4% YoY, at 1.8 million tons. The biggest importers of flour from Kazakhstan are its neighbors Afghanistan and Uzbekistan.…

Belarus: Belneftekhim exports up in H1 2018

In January-June the Belarusian state petrochemical concern Belneftekhim increased merchandise export by more than one fourth in comparison with H1 2017, the Belneftekhim press service reported after the concern’s board convened to review performance in the first half of the year. In H1 Belneftekhim’s merchandise export growth rate reached 128.5% as against January-June 2017, with…