Latvia: most of non-resident banks to continue working

The majority of banks whose business activities are associated with servicing non-residents will continue working in Latvia, as confirmed by Finance and Capital Market Commission Peters Putnins. He said that a previous outlook stated that certain banks could cease working in Latvia because of the restriction for banks to cooperate with shell companies. “This outlook…

Belarus: 700 tractors sold to Lithuania in 2017

Belarus-made agricultural machines traditionally sell well in Lithuania. Ambassador of Belarus to Lithuania Alexander Korol made the relevant statement. The diplomat said: “About 700 tractors were sold in Lithuania last year alone. Lithuanian farmers unwaveringly prefer Belarusian machines. The Belarusian tractor maker MTZ has a representative office in Lithuania.” Alexander Korol is convinced that when…

Ukraine: wage arrears exceed $95.5 million

Arrears in wage payments across Ukraine as of June 1 increased by 3.5% YoY, amounting to UAH 2.561 billion ($95.46 million), the State Statistics Service reports.

Arrears in wages to employees of economically active enterprises increased by 6.5%, to UAH 1.411 billion ($53.87 million). (UNIAN/Business World Magazine)

Belarus: machinery exports to Indonesia to increase

Belarus has plans to increase machinery exports to Indonesia and to create new cooperative relationships with Indonesian companies, Ambassador Extraordinary and Plenipotentiary of Belarus to Indonesia Valery Kolesnik said. Belarusian manufacturers can meet the needs of Indonesia’s mining industry. Since 2012 nine BelAZ mining trucks with the lifting capacity of 45 tons have been operating…

Ukraine: number of electric cars growing

Over 7,000 electric vehicles have been registered in Ukraine and their number grows annually, the Ministry of Ecology and Natural Resources posted on Twitter. “The number of registered electric vehicles in Ukraine grows every year. In general, there are 7,439 electric vehicles in the country,” reads the report. The Ministry of Ecology reminded that the…

Baltic States: average electricity price down

The average weekly electricity price in Latvia has declined by nearly 14%, to 42.27 EUR/MWh in Estonia and 45.72 EUR/MWh in Lithuania. The price decline in Latvia was 13%, to 45.72 EUR/MWh, according to information from Latvenergo. A considerable consumption volume decline was noted in Nord Pool region last week. Electricity volume declined to 6,036…

Georgia: wine tasting held in Scotland and UK

A Georgian wine tasting “Georgian Wine Roadshow” event was held in Glasgow, Scotland and Manchester, England on June 18-19, the Embassy of Georgia to the United Kingdom announced. The wine tasting events, where 30 different varieties of Georgian wine were presented, were organized by Georgian Wine UK. The guests also had the opportunity to taste…

Ukraine: state debt down in May 2018

In May the overall government-guaranteed state debt of Ukraine decreased by $0.79 billion, to $76.26 billion, the Finance Ministry’s press service reports. According the ministry, the state debt in hryvnia equivalent over the reporting month declined by UAH 27.97 billion, to UAH 1.993 trillion. Earlier the National Bank reported it expected the state debt reduction…