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Azerbaijan: high-speed Baku-Ganja train to be launched soon

A high-speed Stadler train will be launched in the coming days, and this train will run along the Baku-Ganja route, Azerbaijan Railways CJSC reported on December 27. This train will travel at a speed of 159 kilometers per hour. Passengers will be able to use VIP and business class seats. Each railcar will have a small kitchen, refrigerators, and wireless...

Armenia: $38.2 million to be spent on modernization of airports

$38.2 million will be spent on the modernization of Shirak and Zvartnots airports in Gyumri and Yerevan respectively. When approved, the project initiated by the concessionaire of both airports will seek to ensure ICAO safety standards, the airport capacity will be made consistent with the expected increase in passenger traffic and reach the level of service equating to IATA level...

Belarus: transit freight up in January-November 2018

The volume of freight transported via Belarus rose by 20% in January-November, the State Customs Committee of Belarus reported. "The flow of freight via Belarus increases rapidly every year. For example, more than 62 million tons of goods was transported via the Belarusian border in January-November, up by 10 million tons YoY," the State Customs Committee informed. Transit of containerized goods...

Ukraine: construction of toll roads to start next year

Ukrainian Infrastructure Minister Volodymyr Omelyan has said he expects the construction of toll roads in Ukraine to begin next year. "The last word will be for Ukravtodor. I fully trust Ukravdotor Chief Slawomir Nowak. He has built many toll roads in Poland. I hope that we will be able to start it next year. We are ready for this, and...

Ukraine: cargo water transportation down in January-November 2018

In January-November, water transport of Ukraine carried 5.3 million tons of cargo, down by 2.1% YoY, says State Statistics Committee of Ukraine. Cargo turnover fell by 20.8%, to 3,155.1 million ton-km. All types of transport carried 517 million tons of cargo (-1.5%). (PortNews/Business World Magazine)

Uzbekistan: UAE company to buy securities of second largest bank

UAE-based investment company Frontera Capital will acquire securities of O'zsanoatqurilishbank. The delegation of O'zsanoatqurilishbank visited the United Arab Emirates, where the parties signed the agreement on development of cooperation. The document provides for raising $50 million using investment and credit instruments. The agreement also provides for the sale of securities of the Uzbek bank to the UAE company, which will expand the...

Kyrgyzstan: inflation to reach 1% in December 2018

Inflation in December 2018 compared to December 2017 will be about 1%, the National Bank of Kyrgyzstan says. It is noted that, taking into account the updated data, the estimate of annual inflation rate has been revised to a greater decrease. At the same time, in the second half of 2019, it will enter the target medium-term monetary policy benchmark...

Azerbaijan: record number of aircraft use airspace in 2018

In accordance with the statistics of the Azeraeronavigation Air Navigation Department (AZANS) for 2018, a total of 150,000 flights used Azerbaijan's airspace, and 95,000 of them accounted for transit flights, the press service of Azerbaijan Airlines CJSC reported. These figures are record-high in the history of AZANS. During the daily period, record-high number was 500 flights. In total, 26 million passengers...

Ukraine: PrivatBank declares UAH 9 billion profit in January-November 2018

PrivatBank declared a profit of UAH 9.03 billion in January-November. Earlier, Deputy Head of the Board at PrivatBank Halyna Pakhachuk said that about half of the bank's interest income was generated by government bonds received during additional capitalization - UAH 8.7 billion since the beginning of the year (the Finance Ministry's coupon payments on government bonds). According to her, the bank...

Georgia: GDP by regions in 2017

The largest share of gross domestic product (GDP) of Georgia by region was held by the capital city of Tbilisi (50.1%), followed by the regions of Imereti (10%), Adjara (8.9%), Kvemo Kartli (8.2%) and Samegrelo-Zemo Svaneti (6.4%). Overall, the GDP of Georgia at current prices in 2017 amounted to 37.84 billion GEL, says the regional GDP 2017 adjusted data published...