The trade turnover between Ukraine and the Republic of Lithuania exceeded $1 billion in 2017, Prime Minister Volodymyr Groysman wrote on Twitter. “We are greeting the Prime Minister of Lithuania in the House of Government. Saulius Skvernelis is on a visit to Ukraine. We are talking about political and economic cooperation. Our mutual trade exceeds…
DetailsTallinna Linnatranspordi AS (TLT) board chairman Enno Tamm is to step down as soon as a new CEO for Tallinn’s transport company has been found. Tallinn Mayor Taavi Aas (Center), who conducted a meeting of the supervisory board of TLT for the last time, said that Tamm had submitted a letter of resignation, which would…
DetailsFreight volume handled at the Port of Klaipeda in January-March grew by 4.7% YoY, to 10.79 million tons, the Port Authority statistics said. Transshipment of liquid bulk cargo grew by 2.2%, to 852,000 tons, dry bulk cargo fell by 4.1%, to 1.48 million tons, while general cargo grew by 12.1%, to 1.2 million tons. In…
DetailsGeorgia’s three international airports served 839,612 passengers in the first three months of 2018, up by 36% YoY. The number of passengers who took regular or charter flights in Georgia increased in all three main airports of the country: Tbilisi Shota Rustaveli International Airport, Batumi International Airport and Kutaisi David Aghmashenebeli International Airport. More specifically,…
DetailsIgor Sikorsky Kyiv International Airport served 155.7 thousand passengers in March, up by 55.6% YoY (99.4 thousand), the airport’s press service reports. The number of passengers served on international flights totaled 149.4 thousand (92.8 thousand in 2017), and domestic flights – 6.3 thousand (6.6 thousand). The number of flights in March included 1,975 both arrivals…
DetailsUkraine and Germany are pleased with the growth rate of trade between the two countries, President Petro Poroshenko said during a joint briefing with German Chancellor Angela Merkel in Berlin. “Chancellor Merkel and I are pleased with the growth rate of bilateral trade. It has grown by more than 20%. Germany remains one of the…
DetailsBelAZ, the managing company of BelAZ holding company, plans to boost exports to Ukraine by 16%, Anatoly Trambitsky, head of the company’s commercial department for the CIS countries, said on the sidelines of the “Made in Belarus” expo. “Last year we sold more than $34 million worth of products to Ukraine, up by 6% YoY.…
DetailsAn auction for placement of short-term notes worth 200 million manats of Azerbaijan’s Central Bank (CBA) will be held at the Baku Stock Exchange (BSE) on April 12, the BSE said. According to the message, two million notes at a par value of 100 manats each and maturity period of 28 days will be put…
DetailsThe production of Hyundai trucks will be set up in Uzbekistan’s free economic zone “Kokand”. The project is worth at least $130 million. The initiative of the new production was set by the Korean companies Evergreen Motors and Posco Daewoo. The production of Hyundai trucks was previously discussed during the visit of the President Shavkat…
DetailsThe World Bank predicts that inflation in Ukraine in 2018 may reach 10%, as inflation risks remain quite significant, World Bank Economist for Ukraine Anastasia Golovach said at a press conference. “Inflation reached almost 14% in 2017. Inflation risks remain significant, and we expect inflation to reach 10% in 2018,” Golovach said. According to her,…
DetailsA total of 50 companies intend to participate in a tender for the repairs of sections of the Kyiv – Chernihiv – Novi Yarylovychi road. Most of these companies are international ones, Director of State Enterprise Ukrdorivest (Road Projects in Ukraine), Olena Kryvoruchko, declared. “A new tender for the repairs of sections of the Kyiv…
DetailsTajikistan is gradually reducing the import of flour, and increasing the import of wheat, which is subsequently processed by the republic itself, according to the Ministry of Economic Development and Trade. In the first quarter of this year flour imports decreased by 8,000 tons in comparison with the indicators of 2017, while the import of…
DetailsIn January-March the Freeport of Riga handled 8,223,200 tons of cargo, down by 11.6% YoY. Coal transshipment fell by 8.8%, to 3,189,600 tons. Transshipment of oil products dropped by 43.3%, to 1,052,100 tons, wood pellets – by 3.5%, to 214,100 tons, while transshipment of ore surged almost 2-fold, to 99,800 tons. The port’s container throughput…
DetailsThe Belarusian air carrier Belavia will get five Embraer aircraft on leasing terms in 2019-2020, Belavia Director General Anatoly Gusarov declared. The executive said: “We’ve finished negotiations with the Irish company Nordic Aviation Capital on acquiring five Embraer aircraft on leasing terms.” In line with the contracts Belavia will get three Embraer 195 aircraft and…
DetailsUkraine is resolutely carrying out reforms so that to significantly improve the investment climate, President Petro Poroshenko stated in an interview with the German business newspaper Handelsblatt, the president’s press service reports. “We are resolutely implementing reforms to improve the investment climate significantly. The evaluation of the World Bank can be more trustworthy than the…
DetailsOn April 4 Nibulon completed another stage of dredging operations on the Southern Buh River. Despite the adverse weather conditions, low temperature, and wind, the dredging operations have been performed according to schedule. According to the company, the dredging has been finished before spawning, as promised. The operations have been performed by Mykolaivets self-propelled dredger.…
DetailsAzerbaijan intends to significantly increase hazelnut production in 2018, according to the Azerbaijan Hazelnut Exporters Consortium. Its representative noted that the Consortium planned to increase production by almost 48%. “We plan to produce 60,000-65,000 tons of hazelnut in 2018, which is much more than last year. As for exports, this depends not only on increasing…
DetailsAccording to Lindaliini AS, operator of a high-speed ferry link between Tallinn and Helsinki under the Linda Line Express brand, there has been a delay in bringing a new vessel to the route. “The process of bringing the vessel to the route is currently still pending – unfortunately, it has taken slightly more time than…
DetailsThe construction of the MAZ-Weichai engine factory has begun in the China-Belarus industrial park Great Stone. The joint venture established by the Belarusian automobile engineering company and the Chinese corporation Weichai is supposed to start making engines by the end of 2018. The groundbreaking ceremony took place in September 2017. Preparatory work – the development…
DetailsDominique Ristori, the Director General of the Directorate-General for Energy within the European Commission, has expressed its support for Ukraine’s stance on construction of Russian gas pipeline Nord Stream 2. Ristori said this during a briefing upon the meeting with Energy and Coal Industry Minister of Ukraine Ihor Nasalyk, the government portal reports. “Ristori has…
DetailsUkraine’s large and medium-sized plants produced 8.7 thousand tons of mayonnaise in February, up by 3% MoM (8.5 thousand tons) and by 5% YoY (8.3 thousand tons). Mayonnaise output in January-February grew by 7% YoY, to 17.2 thousand tons. Mayonnaise production has been staying stable at 124-126 thousand tons since three years ago. That is…
DetailsThere is not enough time left to perform dredging in Rukki Channel, located off the coast of Western Estonia’s Laane County on the sea lane between the mainland and the island of Hiiumaa before summer, the Estonian Maritime Administration announced. Estonian Maritime Administration Director General Rene Arikas said that even if the Ministry of the…
DetailsBelarus’ gold and foreign exchange reserves totaled $6.99 billion as of April 1, the Information and PR Department of the National Bank of the Republic of Belarus (NBRB) reported. According to the preliminary data, Belarus’ gold and foreign exchange reserves totaled $6.994 billion (in equivalent) as of April 1. In March the country’s gold and…
DetailsHungarian low-cost airline Wizz Air is launching a new direct flight that will connect Georgia to Romania. Starting from July 3 Wizz Air will launch flights between Georgia’s western city of Kutaisi and Romania’s capital of Bucharest, the airline company announced. Flights will be performed three times in a week – on Tuesdays, Thursdays and…
DetailsUkrainian President Petro Poroshenko says local budgets within the decentralization reform accounted for more than 50% of the country’s consolidated budget. “For the first time in the history of Ukraine, if we take transfers to local budgets, more than 50% of the consolidated budget is local budgets,” he said at a meeting on decentralization in…
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