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Ukraine: 80 km of Zhytomyr-Chernivtsi highway repaired in 2018

Prime Minister Volodymyr Groysman has said that 80 km of the highway N-03 Zhytomyr - Chernivtsi have been repaired this year. In a post on Twitter, Groysman wrote: "The N-03 Zhytomyr-Chernivtsi highway passes through the territory of three regions: Zhytomyr, Khmelnytskyi and Chernivtsi. The last repair works were carried out there before 1980. This year 80 km of the highway...

Ukraine: NBU retains refinancing rate at 18% per annum

The National Bank of Ukraine (NBU) has decided to leave unchanged the refinancing rate at 18% per annum, the central bank has reported on its website. Decision No. 714-rsh about the size of the refinancing rate was approved by the NBU Board on October 25. "Current and projected monetary conditions are rather tough to provide inflation reduction to the medium-term target...

Azerbaijan: alcoholic beverages demonstrated in Warsaw

The "Whiskey Live Warsaw" festival has been held in the capital of Poland - Warsaw city, during which the Azerbaijani-made alcoholic beverages have been demonstrated at the "Made in Azerbaijan" stand, the Ministry of Economy said. The wines and various types of fruit vodkas, brandy, whiskey, presented at the Azerbaijani stand, being the most visited stand during the festival, have...

Estonia: number of cars on Tallinn roads down during autumn school holidays

There is substantially less traffic and fewer traffic jams in Tallinn this week, when most schools are out for their autumn holidays. According to Talvo Ruutelmaa, head of the Traffic Control Bureau of the Tallinn Transport Department, the drop in traffic congestion was measured fairly precisely by fixed counters. "Compared to everyday traffic, there are approximately one fifth fewer vehicles on...

Kyrgyzstan: road construction dragged out due to lack of bitumen

A member of the Parliament, Emil Toktoshev, announced that there was a lack of bitumen in Kyrgyzstan. According to him, the construction of roads is delayed due to it. "A tender was announced in March. Results were announced in May. The winning company could not deliver the material. And other suppliers refused, as bitumen was a seasonal product and its price...

Ukraine: Vimal produces first starch batch at new plant

The Vimal company has produced the first starch batch on its newly built plant in Chernihiv region. "We have got the first starch batch produced at the new plant. I want to sincerely thank the whole team of Vimal and all partners. First of all, potato producers for their indefatigable work in the fields," commented Vimal founder Viktor Lazar. Previously it...

Ukraine: construction industry up in January-September 2018

In January-September Ukrainian enterprises completed construction works worth UAH 86.5 billion, up by 5.4% YoY, according to Deputy Minister of Regional Development, Construction, Housing and Utilities Lev Partskhaladze. "In the first nine months of 2018 Ukrainian enterprises carried out construction works worth almost UAH 87 billion, which is by more than 5% higher compared with the corresponding period last year....

Azerbaijan: Kapital Bank changes dividend payment policy

Kapital Bank, a major retail bank in Azerbaijan, plans to change the principle of making dividend payments to its shareholder from next year, the international ratings agency Moody's Investors Service said in a message. Moody's notes that presently the bank pays out all of its profits to shareholders as dividends, but from next year it will limit payments to 60%...

Latvia: costs of Stradins University Hospital’s new wing grow

Provisional costs of construction of the new "A" wing of Pauls Stradins Criminal University Hospital have grown by one-third or by EUR 30.684 million, as reported by the hospital's board member Janis Komisars during a meeting of Saeima's Public Expenditure and Audit Committee. According to him, initial costs of the project were estimated around EUR 91.069 million. However, since then...

Kyrgyzstan: single public transport control service to be created in Bishkek

Centralized public transport control service is planned to be created in Bishkek, Vice Mayor of the city Maxim Sitnikov declared. According to him, in the future, it is planned to introduce an e-ticketing system and install GPS trackers in the municipal transport. It is assumed that at first the service will coordinate the work of municipal transport, and in the future...