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Ukraine: trade and economic cooperation discussed with Israel

President of Ukraine Petro Poroshenko held a meeting with Minister of Environmental Protection, Jerusalem Affairs and Heritage Minister of Israel Ze'ev Elkin. "The interlocutors discussed an intensive trade and economic cooperation between the two countries and noted significant prospects for its further development. In this regard, they agreed on the need for the earliest possible signing of the Free Trade...

Ukraine: Deposit Guarantee Fund sells insolvent banks’ assets worth UAH 110 million

The Deposit Guarantee Fund last week sold insolvent banks' assets worth UAH 110.05 million, the fund's press service reports. "Last week assets of 20 banks, which were in the management of the fund, were sold for UAH 110.05 million," reads a report. In particular, UAH 34.36 million was received in repayment of the fund creditors' claims and UAH 75.46 million was...

Latvia: insolvency administrator recovers EUR 320,500 from Trasta komercbanka in July 2018

The administrator of the liquidated Trasta komercbanka has recovered EUR 320,501 in July, which is much more than the amount recovered a month prior, when EUR 5,054 was recovered. All of the money recovered in July was recovered from issued loans. So far in 2018 the administrator has recovered a total of EUR 1.875 million. Since March 2016, when the bank...

Georgia: win-win trade with Iran enjoyed

Georgian Ambassador to Tehran Ioseb Chakhvashvili said Tbilisi was willing to increase its economic cooperation with Iran and looked forward to win-win trade with the Islamic Republic. "Given the existing potential between the two countries, we are seeking win-win cooperation with Iran," Chakhvashvili said during a meeting in Tehran. He added that Iranian investors could set up workshops and industrial plants...

Uzbekistan: Korean company to build golf club and guesthouses

The Korean company Land Master will build a golf club and modern guesthouses in Uzbekistan, the State Committee for Tourism Development of Uzbekistan announced. The announcement was made during the meeting between First Deputy Chairman of the State Committee for Tourism Development of Uzbekistan Ulugbek Kasimkhojayev and President of the Land Master Bae Sang-Ron. The parties discussed cooperation in tourism, as...

Ukraine: honey exports up in 2017

Ukraine exported honey worth $133.7 million last year, according to First Deputy Prime Minister - Minister for Economic Development and Trade Stepan Kubiv. In a post on his Facebook page, he wrote: "Currently, Ukrainian honey remains a favorite product both in Ukraine and abroad. In 2017 Ukraine exported honey worth $133.7 million, up by $36.4 million or by 37.5% YoY". According...

Ukraine: EIB to help Sumy city to renew public transport

Elektroavtotrans Communal Enterprise of Sumy city will purchase new trolleybuses using loan funds totaling EUR 4 million that have been provided by the European Investment Bank (EIB), the press service of Sumy City Council has reported. "Sumy, Lviv, Kharkiv and Chernihiv are among the cities with which Ukraine and the European Investment Bank (EIB) last year concluded an agreement on...

Lithuania: Port of Klaipeda sues former CEO

Port of Klaipeda had filed a 1.9-million euro lawsuit against its Eugenijus Gentvilas, former CEO of Port of Klaipeda, who is now a parliamentarian and chairman of the Liberal Movement party. According to the port authorities, the port suffered damage under his leadership, failing to pay to the builders in time. Gentvilas said he doubted that the port would succeed in...

Kazakhstan: Air Astana offers special fares for registered Astana Marathon participants

Air Astana, Kazakhstan's award winning national carrier, is offering special fares for travel to this year's Astana Marathon taking place on September 16 in the Kazakh capital. For the second year in a row, the airline will be the Official Carrier and Gold Sponsor of the prestigious charity run (Astana Marathon 2018) and is offering discounted rates on international flights...

Azerbaijan: dependence on import of butter to be reduced

Azerbaijan intends to reduce dependence on imports of basic dairy products, Chairman of the Public Association "Producers and Exporters of Milk and Dairy Products of Azerbaijan" (ASEB) Samir Eyyubov declared. "Two main types of production can be distinguished in the dairy industry - the production of butter and the production of yellow cheese varieties. The volume of their production in...