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Kazakhstan: Air Astana celebrating 16 years on Russian market

Air Astana, the award-winning Kazakh flag carrier, celebrated 16 years of successful operation in the Russian market at a press event with Moscow's leading journalists and bloggers. During the event, Peter Foster, President and CEO of Air Astana, received a gold award to become a "Honorary Member of the World Community for the Lives of Great People" for his achievements...

Ukraine: state debt down in May 2018

In May the overall government-guaranteed state debt of Ukraine decreased by $0.79 billion, to $76.26 billion, the Finance Ministry's press service reports. According the ministry, the state debt in hryvnia equivalent over the reporting month declined by UAH 27.97 billion, to UAH 1.993 trillion. Earlier the National Bank reported it expected the state debt reduction in 2018 and forecast it at...

Ukraine: solvent banks see $488 million in profit in January-May 2018

Ukrainian solvent banks in January-May received UAH 12.812 billion ($488 million) in profit, which was twice the figure at UAH 6.851 billion ($261 million) YoY. Revenues of solvent banks over the period under review grew by 5.9% YoY, to UAH 78.275 billion ($3 billion), while expenses dropped by 2.4%, to UAH 65.463 billion ($2.5 billion), according to the National Bank...

Estonia: construction work at Tallinn harbor D terminal starts

Reconstruction and expansion work at harbor Terminal D at Lootsi 13/14 in Tallinn has begun, and will continue for the best part of two years. Parts of the terminal will be closed to passengers as a result. The passenger harbor comes under the auspices of the Port of Tallinn (Tallinna Sadam), a hitherto state-owned company, which was floated on the stock...

Lithuania: Parliament adopts new energy strategy

The parliament has adopted an updated the National Energy Independence Strategy. The strategy has been updated after six years. In the document, Lithuania sets itself a long-term goal to produce all power for its needs, with a particular focus put on the development of clean energy. The document was backed by 103 Lithuanian lawmakers, with no votes against and two abstentions. (BNN/Business...

Belarus: MTZ to ship 140 tractors to Russia’s Novosibirsk region

A contract on the delivery of 140 tractors Belarus was signed in Novosibirsk on June 24 as the Russian city celebrated its 125th anniversary, Director General of MTZ-Siberia Trading House Dmitry Belaits declared. The Minsk Tractor Plant (MTZ) will supply 140 tractors Belarus for the needs of agricultural producers and municipal services of the city. The batch will include small-sized...

Ukraine: UAH 2 trillion needed to repair all highways

About UAH 2 trillion is needed to carry out major repairs of all roads connecting populated areas across Ukraine, according to Oleksandr Kava, an adviser of the head of the State Automobile Roads Agency Ukravtodor. "As for the roads where patch works are carried out, this is a compulsory measure to ensure possible driveway on the roads that need major...

Ukraine: controlling stake in Turboatom not subject to privatization

The controlling stake in the state-owned enterprise Turboatom is not subject to privatization, Prime Minister of Ukraine Volodymyr Groysman stated during the Government Question Hour meeting. "This enterprise is on the list of privatization, but conditions for its sale, which means the sale of its part, will be determined by a relevant resolution of the Cabinet of Ministers. My position...

Belarus: 20,000 tones of beef to be supplied to China annually

Belarus is ready to supply 20,000 tons of beef to China annually, Aleksei Bogdanov, Head of the Central Office for Foreign Economic Activities of the Belarusian Agriculture and Food Ministry, reported. "In terms of beef supplies to China we are limited by the number of certified companies. For the time being there are only two of them. The Agriculture and...

Kazakhstan: salt exports up in Q1 2018

The volume of Kazakhstan's salt exports in January-March grew by 27% YoY. The export turnover reached 39,400 tons in the first quarter, the message reads. In January-May Kazakhstan produced 88,900 tons of salt, up by 6.7% YoY. Kyzylorda region accounts for 99.9% of Kazakhstan's salt production for the giant plant Araltuz is located there. Araltuz occupies 12% of the Russian salt market. Last...