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Ukraine: 50 MW solar power plant to be built in Kherson region

The construction of a solar power plant in Kherson region is set to begin in March. Head of Kherson Regional State Administration Andriy Hordeyev discussed this during a meeting with representatives of Atlas Capital Energy LLC, the press service of Kherson Regional State Administration reported. "During the conversation, the parties discussed the start of construction of a solar power plant...

Ukraine: capital investment up in 2018

Last year, the growth of capital investment in Ukraine was almost 20%. "Inflation slowed down to a single digit level, and the growth of capital investments was almost 20%. Last year, 957 industrial and production facilities were repaired and reconstructed, giving new products and new jobs," Ukrainian Prime Minister Volodymyr Groysman said at the Cabinet's meeting. According to him, a surge...

Latvia: throughput of port Riga up in January 2019

In January, the Freeport of Riga handled 2,841,700 tons of cargo, up by 2.6% YoY. Transshipment of coal grew by 15.9%, to 1,029,900, and wood pellets - by 58.7%, to 90,300 tons, while oil products fell by 36.5%, to 278,000 tons. No ore was handled in January. The Port's container throughput grew by 6.5%, to 38,923 TEUs. In the reporting period, passenger...

Kazakhstan: foreign trade turnover up in 2018

Kazakhstan's foreign trade turnover in 2018 comprised $93.5 billion, up by 19.7% YoY, the Statistics Committee of the National Economy Ministry reported. The volume of export in the reporting period made $67 billion (+25.7%) and import was $32.5 billion (+9.9%). (Kazinform/Business World Magazine)

Azerbaijan: more mechanisms to support SMEs to be created

The "Friend of Small and Medium-sized Enterprises" (Friend of SMEs) of the Agency for the Development of SMEs under Azerbaijan's Economy Ministry has started operating in Azerbaijan's Gabala district. This is the first "Friend of the SMEs" in the Sheki-Zagatala economic region, which, along with the Gabala district, will provide services to entrepreneurs operating in adjacent areas. In this regard, at...

Ukraine: Finance Ministry reveals borrowing target for 2019

The Ministry of Finance of Ukraine this year expects to receive from external sources about $4 billion in financing. "Our budget has laid down an approximate equivalent of $4 billion in external financial needs," Markarova reported. According to her, external financing could come from several sources, including the World Bank, the European Union, bilateral lending with other countries, and access to...

Ukraine: grain exports hit record of $7.2 billion in 2018

In 2018, Ukraine exported almost 42 million tons of grains to the tune of more than $7 billion, which in monetary terms was the highest value in the history of Ukraine. "Since 2010, Ukraine has been increasing its grain exports annually. Although a new record was not set in 2018, 41.7 million tons of domestic grains were exported to foreign...

Estonia: Nasdaq Tallinn admits Magnetic MRO bonds to trading

The Listing and Surveillance Committee of Nasdaq Tallinn decided to approve the application of Magnetic MRO AS, the global provider of total technical care for aircraft operators and lessors headquartered in Tallinn, and admit 80,000 bonds of Magnetic MRO AS with a nominal value of EUR 100 each to trading on MTF First North, operated by Nasdaq Tallinn AS. Trading...

Kyrgyzstan: repair of Bishkek – Kara-Balta road to resume in March 2019

Construction work on Bishkek - Kara-Balta road will be resumed in early March under favorable and suitable weather conditions, the Ministry of Transport and Roads of Kyrgyzstan reported. The head of the Ministry of Transport, Zhanat Beishenov, made a working trip to Chui region. He also looked at implementation of the project for reconstruction of Bishkek-Kara-Balta road. Construction work on...

Azerbaijan: increased salary not to entail price hike

The Azerbaijani government will take all necessary measures to prevent intended increase in prices after increase of the minimum wage, Abulfat Maharramov, director of the labor policy department of the Ministry of Labor and Social Protection of Population of Azerbaijan, declared. Maharramov said the National Confederation of Entrepreneurs would be given relevant instructions to prevent such cases, and social partners...