Latvia: airBaltic commences direct flights from Riga to Stuttgart and Lviv

On March 31, Latvian airline airBaltic launched the second summer route connecting Riga and Stuttgart, Germany. In addition, airBaltic has also started flights between Riga and Lviv, Ukraine. Martin Gauss, Chief Executive Officer of airBaltic, comments: “Our business strategy Destination 2025 foresees even growth of our destination network. We will continue to increase the number…

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Uzbekistan: UzRail implements new project worth $15 million

Uzbekistan Railways is implementing a new project to modernize the Andijan-Sawai-Khanabad railway and organize passenger intercity train traffic there. The project provides for the modernization of the railway section with a length of over 50 kilometers, as well as straightening parts of the track, reconstruction of artificial structures, modernization of alarm systems and telecommunications, construction…

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Georgia: economy up in February 2019

Georgia’s economy is growing steadily, show the latest data from the National Statistics Office of Georgia (Geostat). The estimated real gross domestic product (GDP) growth rate in February equaled 4.6%, while in January-February it was 4.1% YoY. Last month the estimated real growth, compared to the same period of the previous year, was posted in…

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Kazakhstan: 60,000 people to be provided with gas

Vice Minister of Energy Magzum Mirzagaliyev informed about preliminary results of the country’s gasification and plans for the future. “As for gasification, in 2014 we adopted the country’s general gasification scheme that reflected priority areas and domestic demand in gas. The general gasification scheme is financed from the national budget, national operators’ revenues and other…

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Ukraine: Bogdan Corporation manufactures first bus body for France’s Bluebus

Kyiv-based Bogdan Corporation, one of Ukraine’s major motor vehicles manufacturers, has manufactured the first 18-meter bus body for electric buses of Bluebus, a French manufacturer of environment-friendly public transport vehicles, as part of a new contract signed earlier this year. “Partnership with European companies is an important vector of the corporation’s development, which seeks to…

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Uzbekistan: Central Bank suspends nine commercial banks from trading on currency exchange

Nine commercial banks of Uzbekistan have been suspended from participation in currency trading “due to systematic violations related to transactions on the currency exchange”, the Central Bank of Uzbekistan reported. Hamkorbank, Turkiston Bank, HayTek Bank, Universal Bank, Invest Finance Bank, Ipak Yuli Bank, Savdogarbank, Trust Bank and Asia Alliance Bank were among those removed. “Measures…

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Ukraine: state debt down in February 2019

Ukraine’s state and government-guaranteed debt, estimated in U.S. dollars, shrank by 0.02%, or by $10 million, to $78.24 billion, in February. The debt in the hryvnia equivalent over the period under review fell by 2.8%, or by UAH 60.02 billion ($2.2 billion), to UAH 2.112 trillion (nearly $78.3 billion), according to the Ukrainian Finance Ministry’s…

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Georgia: wine masterclass held in Japan

Sommeliers, distributors, restaurant and hospitality sector representatives attended a Georgian wine masterclass held in the Japanese city of Naha, announces the National Wine Agency of Georgia. About 60 guests attended the masterclass, where they had the opportunity to taste seven varieties of Georgian wine. An exhibition called “Georgia – Homeland of Wine” is taking place…

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Ukraine: unemployment rate declining

In the fourth quarter of 2018, the number of registered unemployed in Ukraine decreased by 100 thousand people compared with the fourth quarter of 2017, and the unemployment rate shrank by 0.6%, the State Statistics Service of Ukraine reported. “According to the results of a sample survey of the population (households) on economic activity, the…

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Ukraine: chocolate exports to EU up in 2018

Ukrainian producers in 2018 boosted chocolate exports to the European Union by 22.6% YoY, to EUR 41.2 million. Romania was a major buyer of Ukrainian chocolate products (4,900 tons of chocolate and cocoa products), the Pro-Consulting company’s press service said. Also, the largest buyers of Ukrainian chocolate were Hungary (2,600 tons) and Bulgaria (2,500 tons).…

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