Abu Dhabi-based Masdar, one of the world’s leading renewable energy companies and a subsidiary of Mubadala, has entered into a formal agreement with the Armenian National Interests Fund (Anif), a state-owned foreign direct investment vehicle, to develop 400 MW solar power projects in Armenia with an investment of $300-320 million. The first project being under…
DetailsPrime Minister Oleksiy Honcharuk will announce the start of a program for financing Ukrainian startups, according to the Government portal. The meeting on the launch of the program will be attended by Deputy Prime Minister, Minister of Digital Transformation Mykhailo Fedorov, Finance Minister Oksana Markarova, and Chairperson of the Supervisory Board of the Ukrainian Startup…
DetailsDeputy Governor of the National Bank of Ukraine (NBU) Serhiy Kholod says the regulator plans to have increased the share of cashless transactions with payment cards from 50% to 55% by the end of 2020. “The share of non-cash transactions by payment credit cards has already reached about 50%, which fully complies with the NBU…
DetailsThe undersea portion of the Balticconector pipeline has been filled with natural gas, as a result of which, for the first time in history, the two countries’ gas networks are linked and the two-way transport of gas between them made possible. The undersea pipeline, which was installed this summer, was emptied of air with the…
DetailsAzerbaijani low-cost airline Buta Airways will launch direct flights from Baku to Lviv from December 23, the company has written on its Facebook page. “We are opening direct flights to one of the most beautiful cities in Eastern Europe – Lviv. Use our flights starting from December 23,” Buta Airways wrote. The company added that…
DetailsUzavtotrans Service intends to launch regular bus services with Moscow, St. Petersburg, Ufa, Samara and several other Russian cities in December. During the year, Uzavtotrans Service has bought 168 buses from Chinese company Zhengzhou Yutong Bus for international trips to Russia and Kazakhstan, which are in demand among labor migrants. Vehicles were purchased through a…
DetailsHigh-quality roads and motorways will connect all major cities and regional centers in Ukraine in three to five years, Ukrainian Prime Minister Oleksiy Honcharuk says. He noted the key point was personnel upgrades. He has called on the new head of Ukravtodor road construction agency, Oleksandr Kubrakov to hire new people for top posts at…
DetailsReal wages of Ukrainians grew by 9.6% in January-September, Minister for Development of Economy, Trade and Agriculture of Ukraine Tymofiy Mylovanov wrote on his Facebook page. “Real wages (considering inflation) grew by 9.6% in the first nine months of 2019,” Mylovanov wrote. The minister also noted that real wages increased by 18% compared to the…
DetailsThe Carbamide Plant belonging to the State Oil Company of Azerbaijan Republic (SOCAR) will produce up to 650,000 tons of urea in 2020, Carbamide Plant’s Director Khayal Jafarov has announced. “Before the end of this year we expect to produce another 50,000 tons of urea. In 2020 production volumes are planned at the level of…
DetailsThere was a 5% increase in goods and services sold in the third quarter, new figures from Statistics Estonia showed. This increase is equivalent to EUR 16.4 billion. Turnover increased in most economic areas. Trade, manufacturing, and information and communication activities contributed the most to the turnover of the business sector. The growth in the…
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