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Ukraine: domestic gas production increase guarantee of energy independence

Ukrainian President Petro Poroshenko congratulated workers of the oil, gas and oil refining industry on their professional holiday on September 9. The letter of congratulations was posted on the website of the head of state. "I sincerely congratulate you on your professional holiday. Increasing our own extraction of hydrocarbons and production of high-quality fuel, efficient use of transit opportunities is a...

Ukraine: Austrian Airlines to increase number of flights

The Austrian Airlines increases the number of flights to Ukraine. Almost 30 flights will be performed to Kyiv, Dnipro, Lviv and Odesa a week from the end of October. "Up to 16 flights will be performed to Kyiv within the next winter schedule. In general, the Austrian Airlines offers up to 30 weekly flights to destinations in Ukraine from the...

Azerbaijan: inflation rate to be below target index until end-2018

Over the seven months of this year inflation rate in Azerbaijan has been 2.8%, Chairman of the Central Bank of Azerbaijan Elman Rustamov said. He made the remarks at the Azerbaijani forum on competitiveness on September 7. "Inflation rate in Azerbaijan has stabilized since 2017," Rustamov said. "In the first seven months of 2018 this figure in the country was 2.8%....

Belarus: gold and forex reserves up in August 2018

According to the preliminary data, Belarus' gold and foreign currency reserves totaled $7,246.4 million as of September 1, if calculated in accordance with methods of the International Monetary Fund, the Information and PR Department of the National Bank of the Republic of Belarus reported. In August the country's gold and foreign currency reserves went up by $216.2 million (or up...

Kazakhstan: Semey airport opens after reconstruction

The airport of Semey city has begun to receive aircraft after its reconstruction, which was started in 2016. Over 10 billion tenge had been allocated for the overhaul of the runway and adjacent territory. "The reconstruction has been completed and work is underway to equip the airport with services and utilities," chief of ground services at the Semey International Airport, Marat...

Ukraine: local budget revenues up in January-August 2018

In January-August the local budget revenues increased by 23.1% or by UAH 27.9 billion compared to the corresponding period of 2017 and totaled UAH 148.7 billion. "The budget revenues increased in all regions, while the growth rate of revenues above the average in Ukraine was recorded in 13 regions. The highest growth rates were observed in Poltava, Donetsk, Lviv, Ternopil,...

Ukraine: NBT to build EUR 370-million large-scale wind farm

In a ceremony attended by Ukraine's president Petro Poroshenko and Norwegian foreign minister Ine Soereide Eriksen, the Norwegian wind power developer NBT AS and its partners announced an agreement to build a 250 MW wind farm in the southern Kherson region of Ukraine. In close cooperation with leading international industrial companies and financial investors, NBT plans to complete the construction...

Azerbaijan: demand exceeds supply for Central Bank’s notes

The Baku Stock Exchange (BSE) held an auction for placement of short-term notes of Azerbaijan's Central Bank (CBA) worth 300 million manats with a maturity period of 28 days, the BSE said in a message. Demand at the auction exceeded the offer by 54.5%. Thus, demand at the auction amounted to 463.6 million manats, while average price per note -...

Kazakhstan: Karaganda region to harvest first sweet sorghum

One of the farm households of Abai district, Karaganda region, started growing sweet sorgo sowing over 100 ha of field for the first time ever, the regional administration's press service said. Sweet sorghum with stalks having high sugar content can be used to produce biofuel, foods and cattle fodder. "We have started harvesting of the new crops. A feed milling plant...

Estonia: Saaremaa bridge advocates meet with Chinese business executives

Representatives of the Chinese state-owned construction company China Construction Communication Engineering Group visited the island of Muhu, where they were familiarized with the plans of a local group of businessmen to build a bridge between Muhu and Saaremaa and the Estonian mainland. The representatives affirmed their company's readiness to participate in the bridge project. Former MP and public servant Andrus Villem,...