On June 16, Latvian airBaltic airline received the fifth Bombardier CS300 aircraft. By the end of 2017, airBaltic is planning to have eight CS300 aircraft. The fifth airBaltic CS300 aircraft, registered as YL-CSE, arrived in Riga on June 16. The flight time was 7 hours and 56 minutes and the aircraft covered 6419 km non-stop…
Compared with the same month of last year, Latvia had the fourth highest inflation index among EU member states in this year’s May, according to data from Eurostat. Last month, consumer prices in Latvia were 2.7% higher when compared with May last year. Inflation was only higher in Estonia (+3.5%), Lithuania (+3.2%) and the UK…
The Stadler trains for the Minsk subway will be produced entirely at the Belarusian enterprise Stadler Minsk, Stadler Rail Group CEO Peter Spuhler declared. “We have won a tender to supply trains for the Minsk subway. Our engineers are busy designing the new rolling stock. The trains for the subway will be assembled entirely at…
Frist Deputy Head of the National Bank of Tajikistan (NBT) Jamoliddin Nouraliyev met with representatives of Moody’s Investors Service, the bond credit rating business of Moody’s Corporation. According to the NBT press service, Jamoliddin Nouraliyev met with Moody’s analysts Atsi Sheth and Mathew Kirkosta as well as Nathalie Marshik, an expert at Oppenheimer & Co.…
Azerbaijan Caspian Shipping CJSC transported more than 1.55 million tons of liquid cargo on its tankers and ferries in January-May, up almost 2-fold YoY, the company said in a message on June 16. In the first five months of 2017, Azerbaijan Caspian Shipping transported 660,870 tons of dry cargo, up by 54,150 tons YoY. The…
Energoatom in January-May increased electricity production by 11.8% YoY (by 4.126 billion kilowatt-hours), to 38.979 billion kWh, the press service of the company has said. The target was met by 106.6%. Electricity sales on the wholesale market during the reporting period totaled 36.732 billion kWh compared to 32.776 billion kWh last year. The Energoatom’s share…
Within the framework of the Kazakh-Ukrainian Business Council, an agreement was reached between the two countries on export-import cooperation, Ukrainian Vice Prime Minister – Minister for Regional Development, Construction, Housing and Utilities stated at the 13th meeting of the joint interstate Ukrainian-Kazakh commission for economic cooperation. According to Zubko, the Development Bank of Kazakhstan is…
During his two-day official visit to Armenia, Tajik President Emomali Rahmon has got acquainted with its innovative development. Tajik leader visited Technology and Science Dynamics LLC (TSD) in Yerevan. Rahmon reportedly got acquainted with TSD achievements in the field of information and communications technologies. Technology and Science Dynamics is a research and development corporation established…
One of the leading cosmetics producers in Latvia – Kinetics Nail Systems – has received a significant amount of funding from Nordea Bank. EUR 400,000 will be used to refinance standing commitments and provide turnover funds. “This year’s funding from Nordea Bank will be used for the development of new formulae, expansion of products offered…
The Finance Ministry of Ukraine intends to allocate over UAH 150 billion for road construction in 2018-2020, Finance Minister Oleksandr Danyliuk said at a press conference dedicated to the issue of a budget resolution up to 2020. “Resources should be found for the development of infrastructure because this will contribute to economic growth. Therefore, we…
Belarus’ National Bank will unify the methods of calculating the gold and foreign exchange reserves, the information and public relations department of the National Bank reported. As of July 1, the status of the gold and foreign exchange reserves will be characterized by a single indicator – the value of the International Reserve Assets (IRA)…
During the Innovation Summit within the Astana Economic Forum, Kazakh Prime Minister Bakytzhan Sagintayev said that Kazakhstan has removed all the trade barriers with China. “Of course, to enter the Chinese market it is not enough to have a desire only. We agreed with China for almost all the main types of agricultural products, except…
The National Commission for Energy, Housing and Utilities Services Regulation (NCER) has decided to issue a license to supply natural gas to Trafigura Ukraine LLC, a Ukrainian subsidiary of Trafigura global commodity trader. “I propose to congratulate Trafigura Ukraine as one of the largest global energy commodity traders on receiving the license and getting the…
Public joint-stock company Ukrzaliznytsia has proposed to business to arrange the new principles to form tariffs for cargo transportation for the period of three or five years, starting from 2019. The press service of the company reported that the proposal was presented by company representatives on June 9 at a meeting in the American Chamber…
In January-May Tajikistan imported 360 thousand tons of wheat (at the average price of $224 per ton), down by 23.8 thousand tons YoY, the Ministry of Economic Development and Trade reported. According to the official figures, the sum of imported wheat totaled $75.8 million. In the reporting period the imports of flour totaled 23.4 thousand…
According to the Customs Control Committee at the Ministry of Finance of the Republic of Kazakhstan, in July-April of 2016-2017 MY the shipments of Kazakh flour to China totaled 10.1 thousand tons, up by 145% YoY, and up 12-fold from July-April of 2014-2015 MY. At the same time, such growth figures moved China to the…
Since the beginning of the season (July 1, 2016), and as of June 13 Ukraine exported 42.3 million tons of grains, up by 4.8 million tons YoY, the Ministry of Agrarian Policy and Food of Ukraine declared on June 14, with reference to the State Fiscal Service. In particular, Ukraine supplied 19.7 million tons of…
The legislative draft, which is intended to ratify the agreement for the formation of Rail Baltica railway connection in Estonia, Latvia and Lithuania, was supported unanimously by Saeima’s Foreign Affairs Committee on June 14. The goal of the agreement is ensuring effective and quick establishment of European railway line for passenger and cargo transports on…
The reduction of the customs duty on the export of potash fertilizers will not substantially influence the state budget, Belarusian First Deputy Finance Minister Maxim Yermolovich declared after an expanded-participation session of the Budget and Finance Commission of the House of Representatives of the National Assembly of Belarus on June 14. When asked whether this…
Chairman of the National Bank of the Republic of Kazakhstan Daniyar Akishev has met with the American Chamber of Commerce. At the meeting Akishev noted that the National Bank as the central bank of the country closely monitored trends in and outside the country and assumed measures taking into account global trends and challenges. “Kazakhstan…
Ukraine’s Cabinet of Ministers has proposed retaining expense expenditures for 2018 at 5% of GDP, according to the draft bill “Budget policy basics for 2018-2020 (Budget Resolution).” “The priority is supporting defense and security: expenditures for this sphere for 2018 will be at 5% of GDP,” Finance Minister Oleksandr Danyliuk said, presenting the resolution. “Within…
Ukraine’s state-owned enterprise Antonov will take part in the 52nd International Paris Air Show to be held at the Le Bourget Parc des Expositions on June 19-25, according to the company’s post on Facebook. The company noted that An-132D, being a prototype of An-132 multi-purpose transport aircraft, would be presented on the international level for…
Pasazieru vilciens will continue the procurement of new trains in the second stage of the process. This was conceptually approved by the government on June 13. Transport Ministry reports that new trains are planned to be procured using credit resources, not funding from the state budget. PV promises to perform a new procurement immediately by…
Ukrainian Nuclear power plants produced 224.87 million kWh of electricity on June 12, the press-service of Ukraine’s State Enterprise “National Nuclear Energy Generating Company Energoatom” reports. On June 13, 12 out of 15 power units were functioning at the Ukrainian power plants. It is the 118th day of the average planned repair at power unit…
The Belarusian automaker MAZ has made its first all-wheel drive skylift AGP-40-K, which can lift three people with instruments up to 40 m above the ground. With the all-wheel drive skylift of its own MAZ will be able to expand its presence on the market of utility vehicles. MAZ representatives explained that the vehicle was…
A new substation has been built in Kara-Suu town, Osh region, Acting Deputy Director of the local branch of National Electric Network of Kyrgyzstan JSC Aripzhan Topchubayev stated the press tour to energy facilities in the region. According to him, reconstruction of the facility at the expense of loan from the Islamic Development Bank –…
The situation with approval of voluntary restructuring plan of foreign obligations of the International Bank of Azerbaijan (IBA) by foreign creditors will be clarified by mid-July, Azerbaijan’s Finance Minister Samir Sharifov declared on June 13. “We have already informed the public about the negotiation process,” said the minister. Earlier, the IBA commenced a process of…
The Ukrainian Institute for the Future at the request of the Ministry of Economic Development and Trade of Ukraine has prepared proposals for the priority action plan for industrial development in Ukraine based on the analysis of the state of the six key industries (mining, metallurgical, chemical and petrochemical, food industry, electric power engineering, machine…