Last year, Klaipeda port registered a new record cargo transshipment-wise, becoming the leader among Baltic States, according to data published by the port. In 2016, Klaipeda port secured 40.14 million tons of cargoes, up by 4.2% YoY. Cargo transshipment at Riga port declined by 7.5% last year (37.07 million tons). Ventspils port’s turnover declined by…
DetailsRussian gas supply to Armenia decreased from 1.92 billion cubic meters in 2015 to 1.87 billion cubic meters in 2016, materials prepared for the meeting of Armenian Prime Minister Karen Karapetyan with his Russian counterpart Dmitry Medvedev revealed. 2.6% less gas has thus been shipped from Russia to Armenia. According to the Cabinet materials, the…
DetailsMoldovan producers export more and more goods to EU states. According to the Minister of Economy Octavian Calmac, the amount of goods exported to European markets has increased since the implementation of the Association Agreement with EU. In 2016 Moldova reached 65% in exports to the European market. The exports to CIS market reduced from…
DetailsThe Ukrainian State Agency on Energy Efficiency and Energy Saving and the Republic of Belarus are expected to sign a road map related to cooperation in energy efficiency and renewable energy in 2017-2020. The agency’s press service has reported this after a meeting between Ukrainian State Agency on Energy Efficiency and Energy Saving Chairman Sergiy…
DetailsThe European Union will issue EUR 800,000 for the repair and equipment of administrative services centers, Swedish Ambassador to Ukraine Martin Hagstrom has said. “If the services are provided on time, qualitatively and comply with the regulations, this will raise the level of public confidence in the centers and will confirm the best relations between…
DetailsThe Ukrainian government expects the increase in the net inflow of foreign direct investment (FDI) in 2017 to reach $4.5 billion, according to the First Deputy Minister of Economic Development and Trade Maksym Nefyodov. “The net inflow of direct investment we expect will grow from about $3.8 billion last year to $4.5 billion in 2017,”…
DetailsKyiv expects Canada to ratify the free trade area (FTA) agreement with Ukraine in March, while the Verkhovna Rada might ratify this agreement in February, Deputy Minister of Economic Development and Trade, Trade Representative of Ukraine Natalia Mykolska has stated. She stressed that ratification of the agreement in both countries depended on the two countries’…
DetailsThe 82nd international trade exhibition of food industry, horticulture, agriculture and forestry – IGW Berlin Green Week 2017 is underway in Berlin. This is one of the most effective platforms for companies operating in the food and agricultural industries, as the representatives of more than 1800 companies from 60 countries are its attendees, the visit…
DetailsKazakhstan plans to commission 602 kilometers of highways after reconstruction in 2017, Kazakh KazAutoZhol national company reported. As much as 164 kilometers of roads will be commissioned after total overhaul. In total, repair works will be carried out at 1,676 kilometers of roads in Kazakhstan in 2017. In 2016 over 900 kilometers of roads of…
DetailsThe Economic Development and Trade Ministry of Ukraine has reported about the fourth round of talks with Israel about signing of the free trade area (FTA) agreement. “Today the new round of talks with Israel has started to approach the signing of the FTA agreement as quickly as possible,” Deputy Minister of Economic Development and…
DetailsOn January 20, Egypt purchased 60 KMT of milling wheat from Ukraine with shipment during January 22 – February 3, at the price of $201.04/ MT C&F. The price at the previous tender equaled $199.81/MT C&F. The purchase included 60 KMT of Ukrainian wheat from Louis Dreyfus at $201.04/MT C&F ($188.74/MT FOB with a freight…
DetailsDuring 11 months of 2016 the exports of Ukrainian agricultural products increased by 4.1% YoY, or by $537.4 million, the First Vice Prime Minister – Minister of Economic Development and Trade of Ukraine Stepan Kubiv declared. In January-November 2016 Ukrainian agricultural exports reached $13.567 billion. The share of agricultural products in the general national exports…
DetailsThe decision of Ukraine’s Cabinet of Ministers to transfer public joint-stock company Ukrzaliznytsia to government management is the issue of the further reform of the company, Ukrainian Infrastructure Minister Volodymyr Omelyan has said. “What is happening now is not the transfer of Ukrzaliznytsia from control of one party to another. This is the issue of…
DetailsThe Independent Association of Banks of Ukraine (NABU) opposes political pressure on the National Bank of Ukraine (NBU) and blocking of collection of debts from former owners of bankrupt banks against whom lawsuits were filed. “The association addresses Ukrainian President Petro Poroshenko, Prime Minister Volodymyr Groysman and Parliament Speaker Andriy Parubiy asking to guarantee independence…
DetailsPoland’s LOT airline on June 4, will increase frequency of regular flights from Kharkiv to Warsaw from six times a week to seven, the press service of the Kharkiv International Airport has reported. “From March 5, LOT will send planes to Warsaw from Kharkiv on Mondays, Tuesdays, Wednesdays, Thursdays, Saturdays and Sundays, and from March…
DetailsUkraine is interested in expanding bilateral trade with the Czech Republic and open for offers from Czech colleagues. Ukrainian Agrarian Policy and Food Minister Taras Kutovyi has stated this during his meeting with Czech Agriculture Minister Marian Jurecka within the framework of the Global Forum for Food and Agriculture in Berlin, the press service of…
DetailsYanair airline (Zhytomyr) plans to boost passenger transportation to Georgia by 15-20% in 2017. Yanair Commercial Director Yevhen Pushenko said at a meeting of the Tourism Press Club of Ukraine that in 2016 Yanair carried over 37,000 passengers between Kyiv, Odessa and Batumi and around 23,000 passengers between Kyiv, Odessa and Tbilisi. Pushenko said that…
DetailsBelarus and Smolensk region (Russia) intend to advance trade and economic cooperation. Ways of expanding the partnership and prospects of carrying out new joint projects were discussed during the session of the working group on cooperation between Belarus and Smolensk Region in Vitebsk on January 20, the press service of the Belarusian Transport and Communications…
DetailsOvostar Union, a leading egg producer in Ukraine, produced 1.479 billion eggs in 2016, up by 24% YoY. The company said on its website that egg sales last year rose by 22%, to 1.054 billion. Exports grew by 34%, from 229 million in 2015 to 307 million in 2016. The company processed 407 million eggs…
DetailsOver the past three years, the European Bank for Reconstruction and Development (EBRD) has invested about $300 million into Kyrgyzstan, EBRD Regional Director for Central Asia Neil McCain said at a meeting with Prime Minister of the Kyrgyz Republic Sooronbay Jeenbekov. The bank finances projects in the field of improving the municipal infrastructure, such as…
DetailsUkraine’s Ministry of Economic Development and Trade registered two industrial parks: Novodnistrovsk (Novodnistrovsk, Chernivtsi region) and FastIndustry (Fastiv, Kyiv region), the ministry’s press service has said. The industrial parks became the 16th and 17th in the register of industrial parks. According to the report, the functional purpose of Novodnistrovsk Park with an area of 15.36…
DetailsMilkiland, a dairy group with assets in Ukraine, Russia and Poland, expects to finish the negotiations with a syndicate of banks consisting of Austria’s UniCredit Bank Austria AG and Russia’s Raiffeisenbank and find a mutually acceptable solution on resolving the indebtedness. The group said in a financial report for the first nine months of 2016,…
DetailsThe average construction price index fell slightly in 2016, although it increased in the last quarter of the year, driven mainly by increasing labor costs. According to Statistics Estonia, in 2016 the construction price index fell by 0.8% YoY. Labor costs in the sector increased by 1.2%, the cost of machinery decreased by 1.1%, and…
DetailsThe economic growth of Estonia in 2017 will be slower than previously expected, Swedbank economists have announced lowering their previous economic forecast for the Baltic country by 0.2% to 2.2%. The economists have at the same time raised their forecast for gross domestic product increase in 2018 by 0.3% to 2.8%. They expect that household…
DetailsThe introduction by Belarus of visa-free entry for a period of up to five days for citizens of 80 countries arriving through the Minsk National Airport does not pose any risks to the republic and neighboring countries, Belarusian President Alexander Lukashenko said. “The document was drafted for 1.5 years and was thoroughly verified by all…
DetailsCoal stocks in the warehouses of Ukrainian thermal power plants (TPPs) are almost at the minimum supply level – 19.2 million tons, according to Vice Prime Minister of Ukraine Volodymyr Kistion. “The situation with the heating season is stable and under control, no unexpectedness. As I’ve noted, ‘Armageddon’ is not expected, coal stocks are almost…
DetailsAt present 120 thousand kilometers of local roads in Ukraine need to be reconstructed, Minister of Regional Development, Construction, Housing and Utility Services Hennadiy Zubko has said. “At present 120 thousand kilometers of roads – the local infrastructure that we must renew. UAH 400 thousand is the cost of a central road which runs through…
DetailsThe Irish Stock Exchange (ISE) has placed new eurobonds of DTEK Energo issued under the debt transaction of the company to its listing. The exchange said that the bonds worth $1.275 billion were issued. On December 29, 2016 DTEK Energo exchanged old securities to newly issued securities. $750 million bonds due April 4, 2018 and…
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