Ukraine: industrial output up in May 2019

The volume of Ukraine’s industrial production grew by 1.6% in May compared with the relevant month last year, the Economic Development and Trade Ministry wrote on Facebook. “The Ukrainian industry continues to grow steadily! Thus, in May the volume of industrial production increased by 1.6% compared to the relevant period last year. The following industrial…

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Ukraine: gas stocks up since start of injection

Natural gas reserves at the Ukrainian underground storage facilities (USFs) after the completion of the heating season (April 5) increased by 48.5%, to 13.002 billion cubic meters. That’s according to the data provided by Ukrtransgaz, the state-owned operator of the gas transmission system of Ukraine. As of June 22, gas reserves at USFs are 21%…

Georgia: winery announced winner of EU prize

The Georgian wine company Shilda was awarded the EU Sustainable Energy Award for the Eastern Partnership countries at an award ceremony in Brussels. Founded in 2014, the Shilda winery is located in Kakheti, the main area of wine growing in Georgia. Taking part in the Caucasus Energy Efficiency Program (Energycredit Georgia), supported by the European…

Uzbekistan: UzAir waiting for Ukraine’s Zelensky’s statement to resume flights to Kyiv

Representatives of Uzbekistan Airways expect a statement from the new president of Ukraine about resumption of flights to Kyiv and Simferopol, annexed by Russia. The director of the commercial department Shukhrat Hudaykulov stated that flights to Kyiv could be intensified through charter flights. Uzbekistan Airways has an agreement for charter flights to Kyiv with one…

Ukraine: implementation of public-private partnership projects to accelerate GDP growth

The implementation of public-private partnership projects will attract systemic investments in transport, port and Internet infrastructure of Ukraine, First Vice Prime Minister – Minister of Economic Development and Trade of Ukraine Stepan Kubiv said while delivering a speech at the Verkhovna Rada of Ukraine on June 21. “We have also signed a memorandum with the…

Latvia: energy giant’s council suspended

The council of the Latvian state energy giant AS Latvenergo has been removed by Economy Minister over lack of productivity. Yet its members have stated they are satisfied with the achievements of their work. Latvian Economy Minister Ralfs Nemiro (KPV LV) removed the council of the state capital company on June 19. Nemiro thanked council…

Kyrgyzstan: state debt down in April 2019

In April the state debt of Kyrgyzstan amounted to $694.49 per capita. Over the month, the debt burden has decreased by $1.16. According to the Ministry of Finance, as of April 30 the total amount of the state debt (external + internal) of Kyrgyzstan was $4,444.74 billion (310,464.82 billion soms), including $3,785.96 billion (264,449.03 billion…