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Ukraine: sugar refineries produce almost 1.6 million tons of sugar

As of December 10, Ukrainian sugar refineries produced 1.574 million tons of sugar, according to the Ukrtsukor National Association of Sugar Producers. "As of December 10, 1,574.0 thousand tons of sugar were produced and 11.64 million tons of sugar beets were processed," reads the report. The sugar-refining season in Ukraine officially started on August 31. In the current year 40 sugar...

Ukraine: gas stocks down

Natural gas reserves in Ukraine's underground storage facilities (USFs) have shrunk by 9.6%, or by 1.65 billion cubic meters, to 15.5 billion cubic meters since November 7, when Ukraine started pumping out gas from its stocks. As of December 8 gas reserves in the country's USFs were estimated at 15.542 billion cubic meters, down by 1.3% YoY, the state-run gas...

Latvia: Port of Liepaja throughput up in January-November 2018

Freight volume handled in the Port of Liepaja in January-November climbed by 13.8% YoY, to 6,893,000 tons, the Port Authority says. In the reporting period transshipment of grain grew by 22.3%, to 2,781,500 tons, anthracite - by 15.6%, to 1.32 million tons, and construction materials - by 21.9%, to 711,300 tons, while transshipment of oil products fell by 15.2%, to...

Kazakhstan: Astana Hub projects attract millions of tenge

Information and Communications Minister Dauren Abayev described the Astana Hub work. "On November 6 the Head of State attended the presentation of the Astana Hub International Technology Park. Two acceleration programs carried out there helped select more than 20 startup projects with investments attracted up to KZT 49 million," the minister said. According to him, the third acceleration program is underway....

Azerbaijan: trade with Serbia up in 2018

The trade turnover between Azerbaijan and Serbia has grown by 33% this year, Economy Ministry reported. The ministry was commenting on the fifth meeting of the Azerbaijan-Serbia intergovernmental commission on trade and economic cooperation. Prior to the meeting of the intergovernmental commission with the participation of delegations led by co-chairs of the commission - Azerbaijani Economy Minister Shahin Mustafayev and deputy...

Ukraine: $12 billion in foreign debt to be paid off in two years

In 2019-2020 Ukraine should pay off about $12 billion in foreign debt, including interest payments. "We do not have access to other funding channels without the IMF program, namely the funds from the European Union, the World Bank. Therefore, the proposal to sign a new program with the IMF is economically feasible," Governor of the National Bank of Ukraine Yakiv...

Ukraine: Nibulon to build a port in the Kherson region in five years

Nibulon (Mykolaiv), one of the largest grain traders in Ukraine, intends to build a port in the village of Oleksandrivka (Kherson region) in five years, the company said in a statement. "This port is a great prospect for the development of the entire Kherson region. This is an extremely difficult task and very large investments, but our company can do...

Azerbaijan: launch time of Baku-Tbilisi-Kars passenger transportation announced

The Baku-Tbilisi-Kars (BTK) railway not only strengthens economies of the countries in the region by boosting their transit potential, but also plays a role of a guarantor of stability and security in the region. The time launch of Baku-Tbilisi-Kars railway passenger trains has become known. Azerbaijan Railways Closed Joint Stock Company reported that the organization of passenger transportation on the Baku-Tbilisi-Kars...

Georgia: medicines for epilepsy and Parkinson’s Disease to be added to the Free Medicine State Program

The socially vulnerable population of Georgia and people with disabilities will soon be able to buy more medicines at a symbolic or halved price starting next year, with medicines for epilepsy and Parkinson's being added to the list. The medicines on the list are for chronic and cardiovascular diseases. "I am happy to say that medicines for epilepsy and Parkinson's will...

Armenia: financial system stable

Armenia's macroeconomic performance has been satisfactory, and the financial system has been stable in 2018, the Executive Board of the International Monetary Fund (IMF) said in its Financial System Stability Assessment (FSSA) of the country. Armenia's financial system has expanded further since the 2012 Financial Sector Assessment Program (FSAP). According to the IMF, Armenia's banking sector has weathered the 2014 economic...