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Azerbaijan: machinery and car production up in January-August 2018

AzerbaijanBy admin2018-09-19Leave a comment

In January-August the output of machinery and equipment, other vehicles, cars, trailers and semi-trailers amounted to 209.6 million manats, the State Statistics Committee of Azerbaijan said in a message on September 18. Compared with the same period last year, car production grew 32-fold, machinery and equipment production by 16%, while the production of other vehicles…

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Uzbekistan: bread price down amid public discontent

UzbekistanBy admin2018-09-19Leave a comment

The cost of bread has been reduced in Uzbekistan since September 17. The cost of a loaf of bread decreased from 1,200 soums to 1,050 soums. Earlier, since September 15 the cost of a loaf of bread has almost doubled from 650 to 1,200 soums, which caused discontent among the citizens. Such price fluctuations are…

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Ukraine: Russian banks challenging asset freeze

UkraineBy admin2018-09-19Leave a comment

Banks with Russian capital in Ukraine have filed cassation complaints against the Kyiv Court of Appeal ruling to freeze their assets. The Civil Cassation Court of the Supreme Court received respective complaints on September 14. As reported, businessman Ihor Kolomoisky achieved the freeze on the assets of three Russian state-owned banks in Ukraine in order…

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Ukraine: three sectors attracting powerful investments

UkraineBy admin2018-09-18Leave a comment

Ukraine has attracted powerful investments in the field of renewable energy, agrarian sector and retail trade in recent weeks. “Over the past weeks, Ukraine has attracted large investments in the economy: in the renewable energy sector from Norwegian investors, in the agricultural sector from a Saudi Arabia company, and into retail trade from Swedish brands…

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Lithuania: Finance Ministry raises GDP growth forecasts

LithuaniaBy admin2018-09-18Leave a comment

The Lithuanian Finance Ministry has revised upwards its forecasts for the country’s GDP growth this year and next year. The ministry expects the economy to expand by 3.4% in 2018, by 2.9% in 2019 and by 2.5% in 2020. The forecasts are up from the ministry’s estimates of 3.2%, 2.8% and 2.5%, respectively, published in…

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Azerbaijan: central bank head talks possibility of reducing discount rate

AzerbaijanBy admin2018-09-18Leave a comment

The Central Bank of Azerbaijan (CBA) sees the potential for further reduction of the discount rate, Chairman of the CBA Elman Rustamov declared. Rustamov said the monetary regulator (CBA) this year had done much in this direction. “Nevertheless, external risks have recently intensified, in particular, those related to volatility of the national currencies in a…

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Kazakhstan: soda ash factory to be constructed in Zhambyl region

KazakhstanBy admin2018-09-18Leave a comment

Yildirim Holding, a Turkish company, plans to launch soda ash production in Zhambyl region. In December 2017 Head of State Nursultan Nazarbayev had a meeting with Robert Yuksel Yildirim, CEO at Yildirim Holding, at the EXPO Congress Center in Astana. The meeting participants discussed prospects for investment projects in the chemical industry of Kazakhstan. In…

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Ukraine: Kiev region begins sugar beet harvesting

UkraineBy admin2018-09-18Leave a comment

In parallel with late cereals and legumes harvesting Kiev region has begun sugar beet harvesting. As of September 13 in Kiev region agrarians started late cereals, legumes and technical crops harvesting, Kyiv Regional State Administration reported on its Facebook page. That 36.9 thousand tons of sugar beet have been harvested with the average yield of…

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