The Supervisory and Management Boards of Ukraine’s state-owned Ukreximbank have assured that the detention of the bank’s head, Oleksandr Hrytsenko, by the SBU Security Service of Ukraine will not affect the financial institution’s work. “The Supervisory Board and the Management Boards of the bank continue ensuring the financial institution’s efficient operation and guarantee its customers…
DetailsUkrmetprom President Oleksandr Kalenkov says freight railway tariffs should be reduced by 10% in Ukraine under the current crisis conditions. “Amid the crisis in all industries in global markets, we need to consider the issue of lowering Ukrzaliznytsia’s tariffs by 10%, that is to set such a precedent. This will give an additional incentive to…
DetailsIn order to review prospects of bilateral cooperation in maritime sector, Ambassador of Mexico Rodrigo Labardini has met with Director of Azerbaijan’s State Maritime Agency Gudrat Gurbanov. Welcoming the ambassador, the director spoke about agency’s functions, its bilateral and multilateral links. Also, he underlined agency’s activity within the International Maritime Organization (IMO). In this regard,…
DetailsThe State Construction Control Bureau of Latvia (BVKB) has commenced an administrative process and plans to assess the work performed by certified construction experts on Z-Towers. This includes assessing reports associated with the project, as confirmed by the office’s representative Elina Balgalve. She explains that the project Z-Towers has commenced well before the establishment of…
DetailsBudgetary allocations in the military industry will grow by 122% in 2020, Hakob Arshakyan, Minister of High-tech Industry, declared. “Out of the AMD 12.5 billion ($26.3 million) to be allocated to the Ministry of High-tech Industry, AMD 6.3 billion ($13.3 million) will be spent on military industry,” Arshakyan said. Some of the expenses, the minister…
DetailsIn January-September Astarta sugar revenues decreased by 10% YoY, to EUR 87 million on flat sugar price and decline in sugar sales volumes by 12%, to 240 thousand tons (including 16 thousand tons of export sales) amid unfavorable development of local and global sugar prices for the two consecutive years. The Ukrainian sugar production campaign…
DetailsAgricultural farms of Ternopil region have almost completed sugar beet harvesting. Thus, the local sugar refineries are in the midst of the sugar production season, the press service of Ternopil Regional State Administration reports. The Director of the Department of Agro-Industrial Development of the Regional State Administration Volodymyr Stakhov said, that sugar refineries in Khorostkiv…
DetailsMinister of Labor and Social Protection of the Population Sahil Babayev has said that average monthly wages will be increased by 14% in 2019. “We expect that the average monthly wage growth in 2019 will be 14%. There are good prerequisites for this. The salary fund grew by 34% over 10 months, and the median…
DetailsCountries in Central and Eastern Europe are preparing for a possible gas crisis caused by Russia’s actions and are therefore trying to fill their gas storage facilities as much as possible, Vice-President of the Management Board at Polish oil and gas company PGNiG Maciej Wozniak has said. “The countries of Central and Eastern Europe have…
DetailsA regional municipality in Estonia is building a village for adults with autism disorder and other learning difficulties. The village will consist of three family homes for ten people each, one of which will be dedicated to Russian-speaking residents. An additional building will be built for recreation and work purposes. “Our plan is to begin…
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