Compared to August, the level of construction costs in Latvia grew by 0.2% in September. Labor remuneration of workers rose by 0.5%, maintenance and operational costs of machinery and equipment by 0.2%, and prices of building materials by 0.1%. Compared to September 2016, construction costs increased by 2.3%. Labor remuneration of workers grew by 4.3%,…
Turkish Airlines will start performing regular flights en route Istanbul-Samarkand from March 16, 2018. This was stated by Turkish President Recep Tayyip Erdogan at a joint press conference with his Uzbek counterpart Shavkat Mirziyoyev. The opening of the new flight will further bring the fraternal peoples of the two countries closer, according to the Turkish…
PJSC Motor Sich (Zaporizhia) saw its consolidated net profit rise by 36.74% YoY under international financial reporting standards (IFRS) in January-September, to UAH 2.576 billion. The company reported in the information disclosure system of the National Commission on Securities and the Stock Market, its consolidated net income increased by 20.85%, to UAH 9.108 billion. In…
As of October 24, 5.4 million cubic meters of natural gas were extracted from the Ukrainian underground gas storage facilities, and 1.3 million cubic meters of natural gas were pumped into the storage facilities, the press service of PJSC Ukrtransgaz reports. Thus, Ukraine’s natural gas stocks decreased from 16.973 billion cubic meters to 16.969 billion…
The center for monitoring and combating computer attacks in the financial sphere will start operating in 2018, First Deputy Chairman of the Board of Belarus’ National Bank Taras Nadolny declared ahead of the third CIS international banking and finance forum Minsk Business Meetings. “We are now working to set up the unit which will deal…
Since the beginning of 2017-2018 MY and as of October 24, the Ukrainian grain exports totaled 12.595 million tons, the State Fiscal Service of Ukraine reported. In particular, during the period Ukraine exported 7.687 million tons of wheat, 3.432 million tons of barley, 1.44 million tons of corn, 6.2 thousand tons of rye, and 30…
In January-September JSC NC Food Contract Corporation exported nearly 70 thousand tons of grains and oilseeds to near and far abroad countries, informed the press-center of the company. According to the announcement, the company shipped nearly 33 thousand tons of wheat to China and 12 thousand tons to Azerbaidzhan, and more than 20 thousand tons…
The share of labor costs in the gross domestic product (GDP) in the first six months of this year decreased for the first time in the last six years, which enabled companies to increase profit and investments. The gap between labor productivity and wages decreased in the first half of 2017: growth in productivity accelerated…
Starting from October 29, all departure flights of the low-cost Buta Airways from Baku will be carried out through the North entrance of Terminal 2 of the Heydar Aliyev International Airport. Buta Airways plans to carry out arrival flights to Terminal 1 as before. Terminal 2 meets all international requirements on the operation of civil…
The public joint-stock company Ukrzaliznytsia would upgrade around 500 sleeping cars by the end of 2018, which is almost one sixth of the operating fleet, acting Board Chairman of Ukrzaliznytsia Yevhen Kravtsov said at a government meeting. “By the end of this year Ukrzaliznytsia seeks to upgrade 188 passenger cars. Next year it is planned…
The public joint-stock company Ukrzaliznytsia in 2018 seeks to build 4,000 gondola cars and around 200 fitting platforms at own production facilities – Paniutyne, Stryi and Darnytsia car repair plants. Head of the car department at Ukrzaliznytsia Oleh Motin gave the information at the international conference “Car Building & Rolling Stock Repair in Ukraine” in…
The Estonian business of the Swedish financial provider SEB earned a profit of EUR 22.9 million in the third quarter of 2017, which is a 17.4% increase over the same period last year, when the bank reported a profit of EUR 19.5 million. The operating income of SEB Estonia in the third quarter was EUR…
Belarus’ exports to Poland went up by 19% in January-August, Belarus’ Deputy Minister of Foreign Affairs Evgeny Shestakov said at the 5th meeting of the Belarusian-Polish working group on trade and investment on October 25. The working group is part of the Belarus-Polish joint commission on economic cooperation. “According to the Belarusian statistics, the bilateral…
The next round of consultations between the foreign ministries of Turkmenistan and Romania has recently taken place in Bucharest, the Turkmen Foreign Ministry said in a message. At the meeting, the sides noted the development of relations in the political and diplomatic, trade-economic and cultural-humanitarian spheres. “Particular attention was paid to energy and transport issues,”…
The State Fishing Agency reports a decline in fish catch in Ukrainian water basins (inland water basins and seas) in January-September by 13.9% YoY, to 35,200 tons. Fish catch in the Black Sea remained unchanged at 3,900 tons. Some 13,900 tons of fish was caught in the Azov Sea (down by 31%). Fish catch in…
The state-owned Oschadbank (Kyiv) seeks to boost the share of small and medium-sized enterprises (SME) in its loan portfolio 6-fold by 2020, to 30%, Oschadbank Board Chairman Andriy Pyshny has said. “The development strategy of Oschadbank, which has been in the active phase of modernization in the past three years carried out jointly with our…
Sergiy Tigipko intends after the purchase of VS Bank (Lviv) to merge it with TAScombank (Kyiv), the businessman said during the Ukrainian banking forum CIS Bankers held in Kyiv. “We want to merge VS Bank and TAScombank – we undertook such obligations. This will allow us to significantly increase the capital (by 60%), which we’ve…
Accusations made by the Federal Service for Veterinary and Phytosanitary Surveillance of Russia (Rosselkhoznadzor), which believes Belarus re-exports tomatoes, are groundless, Belarusian Agriculture and Food Minister Leonid Zayats declared. The official reminded that the Russian agency already inspected gardens, farms, and storage facilities in Belarus at the beginning of the year. “Tensions were relieved and…
The World Bank predicts a slight increase in GDP of Kyrgyzstan by 2019. In three years, the economy will grow by 1.3%, the regular review of the economic situation in Europe and Central Asia says. Thus, following the results of 2017, the World Bank expects that the real GDP of Kyrgyzstan with constant market prices…
Azerbaijan Caspian Shipping CJSC plans to order the construction of vessels to Australian companies, President of Azerbaijani Chamber of Commerce in Australia Nizami Jafarov reported. “Talks on the construction of new vessels are not yet underway, but we have such plans for the future,” he said. Jafarov reminded that in 2013, Azerbaijan Caspian Shipping and…
Industrial production in Ukraine in September decreased by 0.3% YoY, while in August it increased by 1.2%, the State Statistics Service has said. The agency said taking into account adjustment for the effect of calendar days, industrial production in September from September 2016 declined by a mere 0.1%. It said in comparison with the previous…
Italy-based Ernest Airlines carried out its first flight from Orio al Serio International Airport (Milan/Bergamo) to the Ukrainian Danylo Halytskyi International Airport in Lviv with 102 passengers on board on October 20, according to Lviv airport’s press service. The plane made its return flight to Milan with 99 passengers on board, it said. Ernest Airlines…
The state-owned passenger train operator Elron sold tickets for EUR 1.1 million in September, up by 8% YoY. At 650,000 passengers, the number of people that used Elron’s connections increased by 9% as well, or by some 50,000 people. The company’s busiest routes in September this year were Tallinn-Paldiski with 116,000, Tallinn-Riisipere with 102,000, Tallinn-Aegviidu…
Turkmen President Gurbanguly Berdimuhamedov congratulated Turkmen railway workers on putting a locomotive depot into operation in Bereket city, Balkan region. A locomotive depot has been built along the Kazakhstan-Turkmenistan-Iran railway commissioned in December 2014. Railway transport is one of the most important segments of the Turkmen national economy. Big international projects have been implemented, railway…
The Belarusian gross domestic product may go up by 12.1-15% by 2020, Belarus’ Economy Minister Vladimir Zinovsky said. “We have taken up a recovery path. This is not the growth that can be satisfactory for us, but we are gradually moving towards it. Having made a solid foundation in 2017, we are setting more ambitious…
Latvian Transport Ministry is currently engaged in reviewing specific offers for attraction of investors for airBaltic. A full privatization of the company is not out of the question, says the ministry’s state secretary Kaspars Ozolins. He says attraction of an investor is the main challenge at the moment. “We have been very productive lately. The…
President of Singapore Halima Jakob expressed her desire to expand cooperation with Turkmenistan in a letter to the President of Turkmenistan Gurbanguly Berdimuhamedov. Noting that friendly relations were established between two countries, Halima Jakob “expressed confidence that mutually beneficial Turkmen-Singapore cooperation will be activated along the entire spectrum of directions.” Earlier it was reported that…