Ukraine: banks post over UAH 5 billion in net profit in January 2019

As of February 1, the net profit of Ukrainian banks amounted to UAH 5.43 billion, according to the National Bank of Ukraine (NBU).

The banking system revenue for January amounted to UAH 20.18 billion, spending – UAH 14.754 billion and net profit – UAH 5.426 billion. (Ukrinform/Business World Magazine)

Ukraine: UAH 1.3 billion allocated to repair two roads of national significance

The state allocated UAH 1.3 billion for the repair of two roads of national significance, namely Mykolaiv-Dnipro and Mykolaiv-Kropyvnytsky, Ukrainian Infrastructure Minister Volodymyr Omelyan said during a meeting of the Mykolaiv Region Development Council. “I am aware of the state of these roads. Therefore, the government has allocated UAH 1.3 billion for the repair of…


Kyrgyzstan: Russia wants to participate in creation of China-Uzbekistan railway

Russia is interested in participating in the construction of the China-Kyrgyzstan-Uzbekistan railway. Deputy Prime Minister of Kyrgyzstan Zhenish Razakov made the statement during a meeting of the Russian-Kyrgyz intergovernmental commission for trade, economic, scientific, technical and humanitarian cooperation. Deputy PM stressed that Russia’s participation in the project was being considered at the suggestion of the…


Latvia: Culture Ministry ordered to pay EUR 9.3 million to construction companies

Riga City Vidzeme Suburb Court has partially satisfied the plea submitted by National Association of Construction Companies, which is responsible for the construction of Latvia’s National Library, and has enforced from Latvia’s Culture Ministry EUR 9,272,319 as well as court expenses of EUR 60,083 in favor of the said association. Culture Ministry has announced plans…


Georgia: economy up in January 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 January equaled 3.5% YoY. Last month the estimated real growth, compared to the same period of the previous year, was posted in the following activities: trade; hotels and…


Armenia: electricity to be exported to Iraq

Armenia and Iraq are planning to launch energy cooperation, Ambassador Hrachya Poladian said after a meeting with Iraqi Minister of Electricity, Dr. Loay Al-Khatib. “The Ambassador noted the possibility of cooperation in the field of electricity transmission from Armenia to Iraq, and the use of alternative energy sources,” the Armenian Embassay said in a tweet.…


Ukraine: sugar production to drop

Sugar production in Ukraine in the 2019-2020 marketing year (MY, September 2019 – August 2020) could be reduced by 22% compared with the previous marketing year. The fall to 1.4 million tons is expected, as reported by the press service of the National Association of Sugar Producers of Ukraine “Ukrtsukor” with reference to a head…