The Chinese company Skywell will launch the production of electric buses in Ukraine, the company’s press service reports on Facebook. “Today we have met honored guests from China – specialists in the development of electric bus technologies. We discussed the possibility and technologies of organizing SKD assembly of the electric buses Skywell in Ukraine. So…
DetailsUkrainian airline Jonika will launch from July 21 new regular flights from Lviv International Airport to the Greek capital, Athens, the airport has reported on its Facebook page. “Flights will be performed on Sundays, departing from Lviv at 16:10 and arriving at Athens at 18:40. In the opposite direction, planes will depart from Athens at…
DetailsThe Board of the National Bank of Kyrgyzstan has lowered the discount rate to 4.25%, the Chairman of the National Bank of the Kyrgyz Republic Tolkunbek Abdygulov reported. According to him, the price dynamics remains low. As of May 17, inflation in annual terms was 0.3%. The decline in food prices slowed down and approached…
DetailsThe economic activity index of Armenia grew by 7% in January-April against the same period of 2018, while only in April the growth amounted to 9.2% against last April, the National Statistical Service reported. Industrial output of the period rose by 4.5%, and in April by 13.2%. Construction grew by 8% in January-April, and by…
DetailsA direct flight between Azerbaijan and Pakistan is scheduled to operate soon. Pakistani Aviation Minister Ghulam Sarwar Khan made the statement during a meeting with Ali Alizada, Azerbaijan’s Ambassador to Pakistan. Both parties agreed on developing strong relations in the field of aviation. They noted that recent years had witnessed a growing number of Pakistanis…
DetailsThe growth of capital investments in Ukraine made up 21.7% in the first quarter of 2019, according to data provided by the State Statistics Service of Ukraine. In particular, Ukraine received UAH 108.3 billion in capital investments in January-March, up by 21.7% YoY. The largest investments in the first quarter were made in the country’s…
DetailsIn January-April, Ukrainian enterprises completed construction works worth UAH 38.566 billion, and the index of construction in relation to the relevant period in 2018 amounted to 28.1%, Deputy Minister of Regional Development, Construction, Housing and Utilities Lev Partskhaladze wrote on his Facebook page. “In 2019, construction volumes continue growing. In the first four months of…
DetailsUzbekistan and Kyrgyzstan will resume charter flights on the route Tashkent-Tamchy (Issyk-Kul). Inspiro Travel (Kyrgyzstan) and Asia Lux Travel, together with Uzbekistan Airways, intend to resume charter flights on the Tashkent-Tamchy route (Issyk-Kul) for the summer tourist season 2019, from June 27 to September 6. Flights on the route Tashkent-Tamchy-Tashkent will be operated once a…
DetailsAzerbaijan exported 7,060 tons of hazelnuts worth $38.37 million in the first quarter of 2019. Compared to the same period last year, exports in quantitative terms increased by 57.3%, and in value – by 61.8%. The major importers of local hazelnut were Russia, Italy and Germany. In particular, in January-March as many as 3,213 tons…
DetailsIn a change of anti-money laundering tactics, Lithuania’s authorities open pre-trial investigations even if there are only suspicions about the origin of money, Mindaugas Petrauskas, deputy director of the Financial Crime Investigation Service (FNNT), said. According to him, the state received 4 million euros in extra revenue last year, even though the investigations were discontinued.…
DetailsThe Deposit Guarantee Fund has completed payments to the depositors of PJSC Commercial Bank Interbank, according to the Fund’s press service. “On May 24 the authorized person of the Deposit Guarantee Fund for the liquidation of the PJSC Commercial Bank Interbank submitted documents to the state registrar of legal entities, individual entrepreneurs and public organizations…
DetailsIndustrial output in Ukraine in April accelerated to 5.2% from 2.1% in March. With calendar adjustment, industrial production growth in Ukraine in April accelerated to 4.4% YoY against 2.7% in March, the State Statistics Service of Ukraine has said. Industrial production in April compared to March decreased by 1.8% without calendar adjustment, but saw a…
DetailsPresident of Turkmenistan Gurbanguly Berdimuhamedov congratulated Indian Prime Minister Narendra Modi on the convincing victory of his Bharatiya Janata Party (BJP) in the general parliamentary elections. The Turkmen president expressed confidence that the high level of bilateral relations would continue to serve as a solid basis for enhancing Turkmen-Indian cooperation and interstate relations covering the…
DetailsThe Georgian national currency, the lari, has depreciated in value against the US dollar and the euro in recent days, with $1 costing 2.7799 GEL, while 1 EUR costs 3.0954 GEL. Georgian Prime Minister Mamuka Bakhtadze says that “it seems this is a short-term effect and this will be regulated in the nearest future”. Bakhtadze…
DetailsAccording to the information released by Statistics Estonia, in the first quarter of 2019, the total production of Estonian construction businesses in Estonia and foreign countries increased by 2% YoY. Overall construction volumes increased due to work done abroad, as construction volumes on the Estonian market decreased. In the first quarter of 2019, the production…
DetailsDeputy CEO for Commerce and Strategic Development at Boryspil International Airport Georgii Zubko says a new hotel is to be built near the airport outside Kyiv, using private investment. “A new hotel complex has been developed for the investor’s money. So, Boryspil Airport won’t spend any funds. Now we are considering the blueprints, they are…
DetailsThe Ukrainian Horticultural Association (UHA) says prices of greenhouse vegetables, namely cucumbers and tomatoes, have dropped by 20% over the past week. “The decline in prices is associated with improved weather conditions and large supply on the market. Now the prices of cucumbers on wholesale markets are about UAH 15-20 ($0.57-$0.76) per kilogram,” the Association…
DetailsAlthough Uzbek automotive brand Ravon has suspended its activity in Russia, there are signals that it will soon return to the Russian market. “Uzbek cars Ravon can return to the Russian market already this year,” Rashid Temrezov, the Head of Russia’s Karachay-Cherkess Republic, said in a message to local MPs. He noted that cars would…
DetailsLithuanian airline Transaviabaltika is due to continue its route between Tallinn and the island of Saaremaa on June 1. Transaviabaltika had previously serviced the island, flying to Kuressaare airport at the island’s capital, and the route was opened to tender at the end of 2018, ahead of the expiry of the company’s previous contract. The…
DetailsIn January-March, 3.54 million tons of cargo were transported by rail, up by 8.2% YoY, Azerbaijan Railways CJSC reported. International shipments amounted to 1.82 million tons of cargo, including both export and import. Among the total cargo transportation, transit transportation amounted to 939,100 tons. Domestic shipments amounted to 781,200 tons of cargo. The average daily…
DetailsRetail trade in Ukraine grew by 7.9% YoY in comparable prices in January-April 2019, to UAH 319.887 billion ($12.3 billion). Retail turnover increased the most in Vinnytsia region (by 13.2%, to UAH 5.167 billion or $197.9 million), Kyiv region (by 12.1% to UAH 17.798 billion or $681.7 million), Ivano-Frankivsk region (by 12% to $4.551 or…
DetailsIn the current year, the harvest of sunflower seed in Ukraine will total nearly 13.36 million tons, down by 5.7% YoY, while the harvest of soybeans will grow by 5.1%, to 4.703 million tons, reported the Ukrainian Food Export Board (UFEB). It was noted that the harvest of rapeseed was forecast at the level of…
DetailsPasha Bank Georgia and Pasha Yatirim Bankasi A.S., subsidiary banks of Azerbaijan’s Pasha Bank OJSC, improved the financial performance in 2018, Chief Financial Administrator, member of the Bank’s board Bahruz Naghiyev said. Naghiyev made the remarks in Baku at the press conference dedicated to the outcome of the subsidiaries’ activity in 2018. Pasha Bank Georgia’s…
DetailsEstonia-founded international money transfer company Transferwise has closed a secondary funding round of $292 million, or EUR 261.1 million. Investors used the Transferwise for Business platform when settling the financing. Transferwise is now valued at $3.5 billion, and the latest funding round brings the total raised by the company in both primary and secondary funding…
DetailsSergo Stepanyan and Samvel Stepanyan, Russia-based Armenian brothers and successful businessmen, have invested nearly $210,000 (100,000,000 drams) in the Armenian province of Kotayk, the Ministry of Diaspora reported. The two Armenians have funded the construction of a 3 km road in the Nor Yerznka community of the province. The inauguration of the road will take…
DetailsUkraine International Airlines takes the 4th place in the listing of the most punctual international carriers operating into Beijing Capital International Airport as of April. In April, UIA operated 30 non-stop flights Kyiv-Beijing-Kyiv, with at least 26 of them – on time. The high level of punctuality – around 83.33% – allowed the leading Ukrainian…
DetailsThe Deposit Guarantee Fund of Ukraine last week sold insolvent banks’ assets worth UAH 506.26 million, the fund’s press service reports. “Last week the assets of 18 banks, which are in the management of the Fund, were sold for UAH 506.26 million,” the report says. In particular, UAH 84.92 million was received from the repayment…
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