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Ukraine: budgets of united territorial communities to grow to UAH 292 billion in 2019

The budgets of united territorial communities will grow to UAH 292.3 billion in 2019 and the state support for regional development will amount to over UAH 30 billion, Vice Prime Minister Hennadiy Zubko wrote on his Facebook page. "Own local budget revenues will grow to UAH 292.3 billion in 2019. In addition, the state support for the development of communities...

Ukraine: Bank Lviv and GUF sign agreement for EUR 3 million

Bank Lviv and the German-Ukrainian Fund (GUF) have signed an agreement for EUR 3 million to provide lending for small and medium-sized enterprises (SMEs). "In accordance with the signed loan agreements, Bank Lviv will provide loans to SMEs as part of a micro-lending program and a new SME program to support the financing of SME investment projects implemented in cooperation...

Azerbaijan: energy supply provided to Russia as part of emergency assistance

In connection with the accident on December 12 on the Artem-Makhachkala power line of the Russian energy system, Azerbaijan's energy system provided the Dagestan power grid (Derbent substation) with electricity of 140-160 MW from 08:52 to 20:51 (GMT +3), Azerenergy OJSC reported. Energy was exported on the basis of an agreement on mutual assistance in an emergency signed between Azerbaijan...

Georgia: EU allocates EUR 20 million to finance economic reforms

The European Commission has disbursed EUR 15 million in loans to help Georgia cover part of its financing needs and support the implementation of economic reforms. The loan was provided under the first installment of its new Macro-Financial Assistance (MFA) program. "The grant component of EUR 5 million will be disbursed in the coming days, bringing the total amount of this...

Kazakhstan: meat production up in January-November 2018

Reaching 247,882 tons in January-November, meat production in Kazakhstan increased by 8.9% YoY, the Statistics Committee of the Kazakh Ministry of National Economy of Kazakhstan reported. During the period under consideration, 476,284 tons of milk (+8%), 3,692,140 tons of flour (+2.7%), 223,916 tons of sugar (-31%), and 75,028 tons of groats (+17.8%) were produced in the country. (Kazinform/Business World Magazine)

Ukraine: Coca-Cola launches new production line

Coca-Cola Beverages Ukraine has launched a new PET line at a plant in the Kyiv region. The production capacity of the line is 42,000 bottles per hour. The project was implemented in 2.5 months, and the volume of investments in the project was 10.5 million euros. As of December 12, the plant utilized 12 lines with a total production capacity...

Ukraine: NBU leaves key policy rate unchanged

The Board of the National Bank of Ukraine has decided to keep its key policy rate at 18% per annum. In November, annual consumer price inflation came in at 10% and was close to the NBU's latest forecast published in the October Inflation Report. The acceleration of inflation as compared to previous months was anticipated and driven by several reasons,...

Georgia: Japan and Korea next export markets for wine

Japan and South Korea will be the next export markets for Georgian wine, Georgian Agricultural Minister Levan Davitashvili announced. Davitashvili accented the importance of state programs that resulted in the development of Georgian wine on export markets. The minister also underlined the increase in the Georgian National Wine Agency's budget, which would assist in the process of entering new export...

Estonia: Riigikogu adopts 2019 state budget

The Riigikogu has adopted Estonia's 2019 state budget, the total volume of which exceeds EUR 11 billion. Altogether 52 MPs voted in favor and 46 against the 2019 State Budget Act, spokespeople for the Riigikogu said. 23 proposed amendments submitted ahead of the third reading of the state budget bill were reviewed on December 12, three of which made by the...

Kyrgyzstan: only organic products to be manufactured

Kyrgyzstan has to switch to the production of only organic products, that is, non-GMO and cultivated with the use of natural fertilizers. Speaker of the Parliament Dastanbek Dzhumabekov sent a corresponding instruction to the government. It states that the production of agricultural products throughout the country should become organic within ten years. Farmers should not use agrochemicals, pesticides (toxic chemicals), synthetic...