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Kyrgyzstan: export of dairy products up in January-November 2018

In 11 months of 2018, Kyrgyzstan exported 24,600 tons of dairy products, the Director of the State Inspectorate for Veterinary and Phytosanitary Safety Kalysbek Zhumakanov announced. According to him, the export of dairy products has almost doubled compared to January-November 2017. "Last year, we exported 14,700 tons to the EEU countries. This year, our entrepreneurs have started selling milk to Uzbekistan,...

Ukraine: shadow economy down in H1 2018

The share of Ukraine's shadow economy totaled 32% of GDP in the first half of 2018, down by 3% YoY, the press service of the Economic Development Ministry reports. According to the ministry, the shadow economy in Ukraine declined due to maintaining macroeconomic stability, creating favorable conditions for doing business in Ukraine and preserving the tendency towards economic growth in...

Ukraine: margarine production down in October 2018

Ukraine's large and medium-sized crushers produced 17.5 thousand tons of margarine in October, down by 9.8% MoM (19.4 thousand tons) and by 23% YoY (22.7 thousand tons). Margarine production in January-October8 was down by 3.4% YoY against a 0.6% delay reported a month earlier. The seasonal rise in output indicators is observed this year, but it does not look so significant...

Georgia: economic performance strong

Georgia's economic performance remains strong, but downside risks to the outlook have increased, reads the third review of the International Monetary Fund (IMF) of Georgia's performance under the 3-year Extended Fund Facility (EFF). The executive board of the IMF completed the third review on December 19. The completion of the review will release about $41.6 million, bringing total disbursements under the...

Estonia: online retail turnover up in January-September 2018

According to a press release by SEB, purchases made on the websites of Estonian online retailers increased by almost 70% in volume over the first three quarters of 2018. Thrown in together, purchases made using cards as well as online increased in volume by some 30% this year as well. The trend is in line with developments elsewhere in the world,...

Kazakhstan: cargo turnover up in January-November 2018

The freight traffic in January-November made 542,366 ton-kilometer, up by 7.9% YoY, the Statistics Committee of the National Economy Ministry reports. In particular, rail freight turnover grew by 8.7% in the accounting period. Flow of traffic rose by 5.2% in January-November settling at 3,703 billion tons. The passenger turnover hit 257,181 billion passenger-kilometers in the period during under consideration showing a...

Ukraine: current harvest to ensure record grain export

In 2018, Ukrainian farmers gathered a record grain harvest totaling 70.1 million tons, which would allow them to export 47-50 million tons of grain, Acting Agrarian Policy and Food Minister of Ukraine Maksym Martyniuk said. "70.1 million tons of grains is a record harvest in the entire history of observations. And, respectively, it gives a chance to predict a larger...

Ukraine: NBU decides to liquidate VTB Bank

The National Bank of Ukraine on December 18 made a decision to terminate the banking license of Kyiv's VTB Bank, a subsidiary of the eponymous Russian lender, the press service of the Individuals' Deposit Guarantee Fund reported. "The Deposit Guarantee Fund made the corresponding decision based on the National Bank decision on December 18 on revoking the license, and today...

Estonia: construction of Haapsalu railway to cost EUR 65 million

Construction of the Turba-Haapsalu-Rohukula railway is to cost approximately EUR 65 million, the Ministry of Economic Affairs and Communications estimates. In May 2017, the Estonian government decided to finance with EUR 7.6 million the first stage of the Haapsalu railway, connecting Riisipere to Turba; this stage is to be completed next year. It appears from the ministry-compiled action plan for railway...

Kazakhstan: power generation up in January-November 2018

The volume of power generation in Kazakhstan in January-November hit 97.043 billion kW-h, up by 4.4% YoY, the Statistics Committee of the National Economy Ministry of Kazakhstan reported. Heat production during the period under consideration made 73,395 million gigacalories, up by 4.8%, and water provision services reached 2,565 billion cubic meters showing a growth of 0.6%. (Kazinform/Business World Magazine)