The supervisory board and owner of the Estonian state-owned energy group Eesti Energia have given their approval for expanding the company’s electricity retail business to the Finnish and Swedish markets. The company plans to launch retail sales in both countries in the first half of next year. According to Eesti Energia CEO Hando Sutter, a…
In January-August water transport of Ukraine carried 3.6 million tons of cargo, down by 11.4% YoY, says State Statistics Committee of Ukraine. Cargo turnover grew by 11.6%, to 2,875.9 million t-km. All types of transport carried 414.1 million tons (+3.6%). At the same time water transport carried 0.4 million passengers (+40.2%). According to State Statistics…
Implementation of e-payment system in public transport has started in the capital of Turkmenistan. Three types of e-cards for payment (general, for schoolchildren, for pensioners) appeared at various points of sale of Ashgabat city. General e-cards operate as e-wallets, and cash is automatically withdrawn from the balance of an e-card when brought close to a…
Industrial production in Ukraine in August increased by 1.2% YoY, while in July it fell by 2.6%, the State Statistics Service has said. The agency said taking into account adjustment for the effect of calendar days industrial production in August rose by 1.7% YoY. The service said in relation to the previous month industrial production…
The public joint-stock company Ukrzaliznytsia is working on the improvement of tender documents, reduction of terms of payments for supplied products and mulling the revision of the deposit payments at tenders. The press service of the company reported that acting Board Chairman Yevhen Kravtsov gave the information at a meeting with manufacturers of products for…
The Estonian government adopted amendments to the 2017 state budget on September 21 according to which the day-to-day expenses of ministries and other institutions would change, while the total volume of expenditures and income would remain the same. The government has proposed directing EUR 3 million from the surplus of structural means’ co-financing in providing…
Honey, a healthy foodstuff, which improves human nutrition and boosts immunity, has long tradition as a food source in Uzbekistan. Currently, beekeeping continues to develop dynamically in the country. Special attention paid to the development of beekeeping and saturation of the domestic market with affordable and high-quality products had a positive impact on the expansion…
Small hydropower plants are not built in Kyrgyzstan because it is unprofitable for the state to purchase electricity from them, Prime Minister of Kyrgyzstan Sapar Isakov said on September 21 at a meeting of the Council for Business Development and Investment. Chairman of the Investment Council Taalaibek Koichumanov said that the recommendation of the council…
Mutual communication and information exchange among businesses working in the industry is the pre-condition for improvement of Latvia’s transit industry, said Transport Ministry’s state secretary Kaspars Ozolins at a meeting of the Logistics Council. The Logistics Council discussed the situation in the transit and logistics industry, as well as predictions and proposals for improving competitiveness.…
Igor Shustov, first deputy chairman of the Belarusian state food industry concern Belgospishcheprom, commented on the situation regarding Belarus’ sugar export to Russia. “There have been no official complaints. We have been working on the Russian market year in, year out, on the basis of mutual understanding with our Russian colleagues. We got everything organized…
During the recent party hearings on the implementation of the State Program for Industrial and Innovative Development, the Investment and Development Minister of Kazakhstan Zhenis Kasymbek summarized the activities of the State program of industrial-innovative development. “To date, Kazakhstan not only provides the country with domestic products, but also enters foreign markets. The volume of…
Prices for natural gas should not depend on any political figures or factors, Naftogaz Ukrainy Head Andriy Kobolev believes. “We can talk about different mechanisms of pricing, we can talk about hubs, the domestic market or other principles, but we need to clearly understand the main requirement of Western partners, with which we completely agree…
The Ukrainian Finance Ministry attracted UAH 645.653 million to the state budget at a weekly scheduled auction on T-bills placement, according to the ministry’s website. UAH 200.888 million was attracted as a result of placement of bonds in the national currency with a 1-year maturity period and a weighted average yield of 14.35% per annum,…
According to the information released by Statistics Estonia on September 20, the producer price index of industrial output increased by 0.8% MoM and by 4.7% YoY. Compared to the previous month, the producer price index in August was affected more than average by an increase in prices in the manufacture of electronic equipment, in electricity,…
Prime Minister Juri Ratas (Center) met with Vice-President of the European Commission Maros Sefcovic to discuss energy infrastructure projects, the Clean Energy package and other energy sector-related matters. Ratas and Sefcovic opened the meeting by discussing the synchronization of Baltic power systems with Poland and Europe. “The synchronization of Baltic power systems needs to meet…
The Belarusian economy will be able to reach the targeted gross domestic product (GDP) figure this year, Belarusian Economy Minister Vladimir Zinovsky declared. “We should definitely fulfill the commitments undertaken by the government – GDP as high as 101.7%. Now the figure stands at 101.6%, but it doesn’t mean it cannot go lower, for instance,…
According to the Minister of Investments and Development of Kazakhstan Zhenis Kassymbek, Kazakhstan will resume grain supplies to Norway. Speaking at the plenary session of Mazhilis, Kassymbek noted that even though the trade turnover between the two countries was low right now, there was a 53% increase in automobile transportation and the ministry saw prospects…
Turkmenistan is known worldwide for its huge oil and gas reserves, however it is not the only resource which brings the country most of its income. One of the primary exports items of Turkmenistan has traditionally been cotton. Cotton is equalized to gold as it is widely used in various industrial branches, including textile, food,…
Last year, the trade turnover in agriculture sphere between Azerbaijan and China totaled only $10 million, Azerbaijani Minister of Agriculture Heydar Asadov reported. He said that the relations between the two countries in the agrarian sphere were currently growing, but some problems still remained. “The main problem is to increase export and export potential of…
The Kyiv-based 410 Civil Aviation Plant is overhauling light transport An-32 planes under a request of Bangladesh, the press service of the enterprise has reported. According to a posting on the company’s website, recently the plant has received an An-32 plane from the Bangladeshi customer. The plant did not disclose the details of the contract,…
Trade turnover between Ukraine and the Republic of Poland increased by 30% YoY in the first quarter of 2017, Deputy Foreign Minister of the Republic of Poland on Security, Consular Affairs and Eastern Policy Bartosz Cichocki said during his visit to Kyiv. “We are happy to note that the turnover for the first quarter of…
The Estonian Food and Veterinary Board (VTA) has diagnosed African swine fever (ASF) in pigs on a farm with 6,800 pigs belonging to Linnamae Peekon OU in Laane-Nigula Municipality, Western Estonia. The VTA received a call on September 18 stating that increased mortality had been detected on the farm. The last time the VTA had…
Once commissioned the nuclear power plant in Ostrovets will generate about 25% of electrical energy Belarus needs, Belarus’ Deputy Energy Minister Mikhail Mikhadyuk said at a plenary meeting of the 61st session of the IAEA General Conference in Vienna on September 19. He stressed that today many states pinned their hopes on nuclear energy as…
Turkmenistan remains a key natural gas holder in the center of Eurasia, an area, which has long failed to realize its huge potential due to geopolitical developments and economic changes. The total natural gas reserves of Turkmenistan are estimated at 50.4 trillion cubic meters. As many as 19 oil and gas-oil and 65 gas fields…
Next year, Estonia will see its largest defense budget so far. According to Minister of Defence Juri Luik (IRL), funding Estonia’s national defense continues to be a priority. The defense area accounts for about EUR 528 million in next year’s state budget, which is the largest defense budget in Estonian history, according to the Ministry…
Road Transport Administration plans to speak with Riga and Pieriga administrations about the fractured public transport system in the region, says the administration’s chairman Kristians Godins. Organization for Economic Co-operation and Development has concluded that transport planning in Riga and its region is fragmented and does not reflect Riga region’s scale. OECD believes coordination among…
The economic growth in Kazakhstan has amounted to 4.3% since the beginning of this year, the First Vice-Minister of the National Economy of Kazakhstan Ruslan Dalenov said on September 19 during a government meeting. “After the slight slowdown of 4% in July, the economic growth accelerated to 4.3% during the eight months of this year,…