Belarus: GDP growth projected at 4.1% in 2019

Belarus’ target economic development scenario suggests that GDP growth will be 4.1% in 2019. This is envisaged by the draft projections of the social and economic development of Belarus in 2019, Deputy Economy Minister Alexander Chervyakov said at an expanded-participation session of the Economy, Budget, and Finance Commission of the Council of the Republic of…

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Ukraine: first GE locomotives for Ukrzaliznytsia to be put into operation in autumn 2018

Prime Minister Volodymyr Groysman has said that first locomotives manufactured and equipped for Ukraine under the agreement with U.S. multinational conglomerate General Electric will be put into operation this autumn. “This autumn we will start receiving new rolling stock under the agreement on joint production with General Electric. We have lost a lot of rolling…

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Armenia: General Electric to spend EUR 19 million on Yerevan TPP modernization

General Electric will spend EUR 18.8 million on a project designed to upgrade the Yerevan Thermal Power Plant, the Ministry of Energy Infrastructures and Natural Resources of Armenia said. According to the ministry, the modernization activities are aimed at increasing the efficiency and reliability of the plant. The modernization includes renovation of the gas turbine…

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Uzbekistan: France lifts restrictions on supply of melons and pomegranates

France abolished restrictions on supply of Uzbek melons and pomegranates, Foreign Trade Ministry of Uzbekistan stated after talks in Paris between the Agriculture Ministry of France and a delegation of Uzbekistan headed by Foreign Trade Minister Jamshid Khojayev. “Following the talks held in France in the Agriculture Ministry, phytosanitary restrictions on Uzbek melons and pomegranates…

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Belarus: cement exports resumed

Belarus has resumed cement exports, Belarus’ Architecture and Construction Minister Anatoly Cherny said. Belarus faced the lack of cement on the domestic market in May-June due to its volume being almost sold out, the minister said. Importers began to increase the price on the domestic market, and the consumer demand for the Belarusian product, which…

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Georgia: annual inflation rate up in July 2018

Georgia’s monthly inflation rate amounted to -0.3% in July, while annual inflation from July 2017 to July 2018 amounted to 2.8%, reports the National Statistics Office of Georgia (Geostat). Last month prices of food and non-alcoholic beverages decreased by 1.1%. Prices decreased for: fruit and grapes (-12.6%) and vegetables (-10.7%). In the meantime, the prices…

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Ukraine: confectionery companies entering Canadian market

Manufacturers of confectionery products from Ukraine have agreed with Canadian distributors on entering the Canadian market, President of the Canada-Ukraine Chamber of Commerce (CUCC) Zenon Potichny said. “Ukrainian suppliers of confectionery products managed to find distributors at exhibitions in Canada and began to supply products overseas,” said Potichny. According to him, Ukrainian furniture manufacturers have…

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