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Ukraine: WB predicts decline in GDP in 2019

The World Bank has predicted a decline in real GDP of Ukraine, from 3.5% in 2018 to 2.9% in 2019, which is fundamentally different from the IMF forecasts for Ukraine after the launch of the new Stand-By Arrangement. The World Bank published the relevant data in the report Global Economic Prospects on its official website. Thus, according to the forecast table...

Ukraine: rye imports up in July-October 2018

In the first 4 months of 2018-2019 MY (July-October) Ukraine imported 509 tons of rye, up 3-fold YoY (238 tons), but down by 62% from 2016-2017 MY (1.3 thousand tons). At the same time, in two recent seasons Ukraine imported the grain exclusively from the EU countries, while in 2016-2017 MY there were rather significant supplies of rye from Belarus. Also,...

Georgia: anti-flu vaccines purchases to grow

Georgia will purchase double amount of anti-flu vaccines for 2019-2020 and this will be 80,000 vaccines instead of the 41,000 purchased for 2018-2019, head of the National Disease Control Centre Amiran Gamkrelidze has reported. "The supply we had for 2018-2019 is almost used. In the autumn, before the new season, we will purchase 80,000 vaccines," Gamkrelidze stated amid the spread...

Estonia: exports and imports up in November 2018

According to information released by Statistics Estonia, in November 2018, the exports of goods increased by 18% and imports by 15% YoY. The trade deficit was EUR 56 million, dropping under EUR 60 million for the first time since January 2015. In November 2018, the top destination countries of Estonia's exports were Finland (15% of Estonia's total exports of goods),...

Latvia: Port of Liepaja throughput up in 2018

Freight volume handled in the Port of Liepaja in 2018 climbed by 24.4% YoY, to 7,537,600 tons, the Port Authority says. In the reporting period, transshipment of grain grew by 20.9%, to 3,034,400 tons, anthracite - by 22.6%, to 1.47 million tons, and construction materials - by 21.9%, to 762,400 tons, while transshipment of oil products fell by 16.9%, to...

Ukraine: foreign reserves up in 2018

Ukraine's international reserves in 2018 grew by 10.6% YoY, to $20.820 billion, updating a five-year record, according to the National Bank. The last time such figures were reported was in October 2013. The regulator said the reserves were successfully accumulated due to Ukraine securing external financing and the NBU buying up the excessive currency on the interbank market. Last year,...

Ukraine: defense enterprises announce 43,000 tenders in 2018

Enterprises of the State Concern Ukroboronprom announced more than 43,000 commercial electronic tenders in 2018, the press service of the concern reports. "In 2018, more than 43,000 commercial electronic tenders were created by the enterprises subordinated to the State Concern Ukroboronprom. In general, since the launch of electronic trading platforms, the number of announced tenders by the Concern's enterprises reached...

Turkmenistan: retail sale of alcohol limited

The Law on Prevention of Harmful Effects of Alcohol, signed by Turkmen President Gurbanguly Berdimuhamedov, came into force in Turkmenistan. The law defines a legal, organizational and economic framework for the government policy in this area. Trade entities are prohibited from selling alcohol on non-working holidays (except for the provision of catering services) and memorable days, and from January 1, 2021...

Lithuania: Vilnius-Kaunas road to be turned into highway

The Vilnius-Kaunas motorway will be turned into a highway over the next two years and will see the maximum speed increased from 110 to 130 km/h during summertime. The project is valued at around 65.6 million euros. Road safety measures as well as speed control and warning systems will be installed along the whole road from Vilnius to Kaunas. According to...

Uzbekistan: Uzbekkhimmash to spend $23 million on foundry modernization

Uzbekkhimmash, a subsidiary of Uzbekneftegaz, will direct more than $23 million to a foundry modernization project with construction of a new foundry. The government of Uzbekistan has recently approved main parameters of a feasibility study on this investment project. The new foundry's annual capacity will be 4,000 tons of casting, of which about 500 tons will be exported. The project will be...