Ukraine’s State Food Safety and Consumer Protection Service says Singapore is interested in imports of Ukrainian poultry meat and products made of it. “Delegates from the Agri-Food and Veterinary Authority of the Republic of Singapore, who are auditing the system of state control over poultry products, in particular, poultry meat and products made of it,…
DetailsEstonia needs several times more foreign workers than are currently entering the country, Toomas Luman, president of the Estonian Chamber of Commerce and Industry and chairman of the supervisory board of listed construction company Nordecon, declared. “Currently we have problems with unregistered Ukrainian construction workers on construction sites,” Luman said. “We predicted a long time…
DetailsRepresentatives of the Belarusian state light industry concern Bellegprom and the light industry association of Uzbekistan have discussed the establishment of joint ventures, according to the Bellegprom website. A Bellegprom delegation led by the concern’s Chairman Nikolai Yefimchik is in Uzbekistan on a visit. The delegation held negotiations with members of the Cabinet of Ministers…
DetailsThe National Bank of Kazakhstan has suspended the license of Qazaq Banki for accepting deposits and opening bank accounts of individuals until September 28, said a message from the National Bank of the country. “The decision was taken by the National Bank within the framework of the supervisory response to certain violations by the bank…
DetailsIn June PrJSC ZAZ (Zaporizhia Automobile Building Plant) manufactured only one bus against three in May. The company has not produced a single car since the beginning of the year. This is evidenced by statistical data posted on the website of the Ukrainian Motor Vehicle Manufacturers Association Ukrautoprom. At present cars in Ukraine are manufactured…
DetailsThe level of profitability of sugar beet in Ukraine’s agricultural enterprises in 2017 halved compared to the indicators of 2016 and amounted to 12.4%, Director of the National Research Center “Institute of Agrarian Economics” Yuriy Lupenko reported. “Last year the level of profitability of sugar beet production was the lowest one in the past four…
DetailsThe first batch of popular brands of Kazakh ice cream “Bomba” (Bomb), “Bakhroma” (Fringe) and “Mishka na polyuse” (Bear at the Pole) has been sent to China. A truck with 10 tons of Kazakh ice cream will go from Almaty to Shanghai. The Shin-Line company is the supplier. The company has its own warehouse in…
DetailsMonthly passenger traffic at Minsk National Airport in July exceeded half a million people, according to the airport’s website. For the first time in its history, the airport reported over 500,000 passengers within one incomplete month. The 500,000th passenger arrived on Belavia’s flight B2-927 Minsk-Krasnodar. The passenger traffic at Minsk National Airport in July rose…
DetailsThe growth rate of Azerbaijan’s economy in 2018 may exceed forecasts, member of the country’s Parliamentary Committee on Economic Policy, Industry and Entrepreneurship, MP Rufat Guliyev said. He added that 2017 was a turning point for Azerbaijan, but this year the country’s economy grew again – over six months the GDP grew by 1.3%. “I…
DetailsNew construction standards, which were developed in close cooperation with experts and will come into force this autumn, will allow renewing the street networks in Ukrainian cities and making urban infrastructure comfortable. “Everyone has noticed that we live in the 21st century, real estate costs a fortune, but they build everything that looks like old.…
DetailsTurkish and Ukrainian aerospace and procurement officials made “notable progress” in negotiations for the co-production of the Antonov An-188 military cargo aircraft, an advanced version of Ukraine’s An-178, Turkish officials said. “This is a complex program for which both sides are keen,” said one Turkish aerospace official. “We are positively discussing several aspects of an…
DetailsCompared to June 2017 total retail trade turnover rose by 5.6% in June 2018. Turnover of retail trade in food products increased by 6.4%, turnover of retail trade in non-food products, except for retail sale of automotive fuel, rose by 5.1%, whereas turnover of retail sale of automotive fuel – by 4.8%. The most significant…
DetailsSome 5 million square meters of housing is to be constructed in Belarus in 2020, Deputy Premier of Belarus Anatoly Kalinin has reported. Initially 4 million square meters of housing was to be built in Belarus in 2019. “I believe we can handle a more challenging task. We have the necessary capacities and resources to…
DetailsAzerbaijan’s Kapital Bank is increasing its authorized capital by 40 million mantas, to 225.85 million manats, said a message posted on the ESID (Electronic System for Information Disclosure) portal. For this purpose, the bank has issued 3,228,410 shares worth 12.39 manats each. Kapital Bank, being the legal successor of “Sberbank”, has more than 140 years…
DetailsIn June the highest level of average monthly salaries totaling UAH 9,774 was recorded in Donetsk region, according to the Economic Development and Trade Ministry. “The average nominal wage in Ukraine in June made up UAH 9,141, up 2.5-fold from the minimum wage and by 24.2% YoY,” reads the report. Among the most highly paid…
DetailsThe state-owned power generating company Centrenergo in the first half of 2018 reduced net profit by 78.3% YoY, from UAH 2.019 billion ($75.8 million) to UAH 439.3 million ($16.5 million). Net income from sales amounted to UAH 7.97 billion over the period under review, up by 32%, according to a company announcement in the National…
DetailsBelarus plans to export agricultural products worth $100 million to China in 2018, Belarus’ Deputy Prime Minister Mikhail Rusy declared. “Last year we exported $17 million worth of agricultural products to China. We believe that this is not enough as the market is very big. We aim for $100 million in agricultural exports to the…
DetailsThe economic growth of Tajikistan in January-June accelerated to 7.2% compared to 6% in the same period of 2017, chairman of the Tajik National Bank Jamshed Nurmahmadzoda said. In nominal terms Tajikistan’s GDP in January-June amounted to 27.7 billion somoni (over $3.02 billion), according to Reuters. Inflation in the consumer sector slowed to 0.9% in…
DetailsAzerbaijan may increase wine exports 2-fold by the end of 2018, Chairman of the Azerbaijan Wine Producers and Exporters Association Elchin Madatov declared. “The export of Azerbaijani wine products exceeded $4 million in the first half of 2018, up by 80% YoY,” Madatov said. “By the end of 2018 we expect a 100% increase in…
DetailsGnidava Sugar Refinery continues to modernize production. The installation of “Babbini” beet pulp presses is in the final stage. The equipment is intended for pulp spinning after diffusion, the deputy chairman of the investment board Glib Galkevych reported. “Two thirds of equipment have already been installed, we begin to bring it all in operation. We…
DetailsThe Cabinet of Ministers has left unchanged the price of gas for the population until September 1. The decision was made at a government meeting on July 26, according to the government portal. “The government has extended until September 1 the effect of resolution No. 187 on the approval of the clause on the imposition…
DetailsCompared to May the level of construction costs in Latvia grew by 0.4% in June. Labor remuneration of workers grew by 0.6%, prices of building materials – by 0.5%, but maintenance and operational costs of machinery and equipment – by 0.1%. In June the average level of construction costs was mostly affected by an increase…
DetailsAzerbaijan’s NIKOIL Bank and non-bank credit organization TBC Kredit (subsidiary of Georgian TBC Bank) are holding negotiations on the merger. To this end, both parties have signed an agreement on strategic partnership. A source close to the negotiations said that it was too early to talk about the actual merger, because there were still a…
DetailsAbout 40 builders of Osh-Batken-Isfana road in Batken region went on a strike because of non-payment of wages. The protesters demand payment of the wage arrears for four months. The Ministry of Transport and Roads said that the problem would be solved in the coming days. Funds will be transferred to the account of the…
DetailsKernel Holding boosted sales of bulk sunflower oil to 1.301 million tons in FY 2018 (July-June), up by 20.1% YoY. Sales of bottled sunflower oil fell by 9.7%, to 118.6 million liter. The holding processed 3.136 million tons of sunseed in the reporting period, up by 6%. Kernel stepped up bulk oil sales by 37.3%…
DetailsPJSC Ukrzaliznytsia has invested into the development of the company almost UAH 3.5 billion raised this year from the indexation of tariffs for freight, Acting Head of the Board of Ukrzaliznytsia Yevhen Kravtsov stated at a meeting with representatives of shipping companies, the press service of Ukrzaliznytsia reports. “Ukrzaliznytsia, as promised, fulfills its obligations to…
DetailsBelarus’ Health Ministry expects an increase in the export of medical services in the wake of the extension of visa-free entry, Dmitry Kalistratov, head of business, pricing and state property at the Health Ministry, reported. According to him, the export of medical services increased significantly once the country launched a five-day visa-free program. In some…
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