A pilot project on organic agriculture starts in two villages of Issyk-Kul region of Kyrgyzstan, Director of the Department of Organic Agriculture Baktygul Askeralieva has announced. “Law on organic agriculture came into effect in 2019. We have developed organic and environmental standards. The project was developed in the same year, which was supported by donors.…
Uzbekistan’s capital city of Tashkent plans to spend $3.9 million towards the procurement of electric buses, the press service of the Ministry of Transport has reported. The project aims at improving the quality of the environment by introducing accelerated use of electric transport in urban public transport on the example of the capital. Further, this…
Over the first six months of 2021, eleven export markets opened for Ukrainian producers, almost as many as in 2020 when 12 export markets opened. As the State Service of Ukraine for Food Safety and Consumer Protection informs, the markets of Lebanon, Japan, Argentina, Libya and Kuwait have opened for Ukrainian producers of milk and…
Five out of ten members of the Monetary Policy Committee (MPC) of the National Bank of Ukraine (NBU) believe that the key policy rate should be further raised this year. “The NBU will have to further raise the key policy rate this year to ensure that inflation returns to its 5% target in 2022, five…
European Bank for Reconstruction and Development (EBRD) has maintained Latvia’s GDP outlook for 2021 unchanged. The country’s economic growth is expected to be the most rapid among the Baltic States. The bank’s latest outlook estimates Latvia’s economic growth to reach 3.5% this year. Commenting on this year’s outlook, EBRD notes that the slow speed of…
The turnover of retail trade enterprises was EUR 778 million in May, up by 18% YoY at constant prices, data from Statistics Estonia showed. Jaanika Tiigiste, leading analyst at Statistics Estonia, explained that turnover growth of retail trade enterprises in May was mostly influenced by stores selling manufactured goods, where turnover increased by 32%. “The…
Uzbek and Turkish entrepreneurs inked 25 documents worth over $679 million, as they attended an Uzbek-Turkish business forum in Tashkent on June 28-29. The event was organized as part of Turkish delegation’s visit to Uzbekistan. The forum saw presentations by the heads of ministries and industry associations, which were focused on projects in the fields…