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Azerbaijan: Energy Ministry mulls renewable energy sources

AzerbaijanBy admin2019-12-16Leave a comment

The first meeting of the commission created upon the Azerbaijani president’s order on “Measures of implementing pilot projects in the field of using renewable energy sources” dated December 5 has been held at the Ministry of Energy. Chairman of the commission, Minister of Energy Parviz Shahbazov stressed that the goal of the ministry was to…

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Latvia: total tax debts down in November 2019

LatviaBy admin2019-12-16Leave a comment

At the beginning of December total tax debts in Latvia, including outstanding, halted and extended debts, were equal to EUR 869.367 million, down by 1.9% MoM, according to data collected by a debt-reclamation company, the moorcroft group. This includes EUR 467.007 million tax debt to the state base budget, down by 2.9%, EUR 273.209 million…

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Kazakhstan: foreign reserves down in November 2019

KazakhstanBy admin2019-12-16Leave a comment

“Preliminary figures indicate that as of December 1 the international reserves – gold and foreign exchange reserves of the National Bank of Kazakhstan – made $28.7 billion,” Yerbolat Dossayev announced at a government meeting. He also stressed that Kazakhstan’s foreign reserves decreased in November by 2.9%, or by $842 million, as a result of the…

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Ukraine: Deposit Guarantee Fund completes liquidation of Eurogasbank

UkraineBy admin2019-12-16Leave a comment

The Deposit Guarantee Fund of Ukraine has completed the liquidation of PJSC European Gas Bank (Eurogasbank), according to the Fund’s press service. “On December 11 relevant documents were submitted to the United State Register of Legal Entities, Individual Entrepreneurs and Public Organizations to register the termination of PJSC European Gas Bank as a legal entity,…

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Ukraine: first official geographical indication goes to authentic sheep cheese

UkraineBy admin2019-12-13Leave a comment

Bryndza is an authentic sort of cheese, made by Hutsuls, the indigenous people of the Ukrainian Carpathian Mountains. It is made in summer on high mountain pastures from mountain sheep’s milk according to the traditions that date back to the 15th century. Hutsul Sheep Bryndza became the first Ukrainian product to receive an official Geographical…

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Azerbaijan: demand at Central Bank deposit auction on December 12, 2019 exceeds supply

AzerbaijanBy admin2019-12-13Leave a comment

The Baku Stock Exchange held an auction on the placement of short-term notes of the Central Bank of Azerbaijan (CBA) on December 12. The Baku Stock Exchange raised 170 million manats ($100.2 million) from the Azerbaijani banks. The supply exceeded the demand 5.8-fold. 17 investors made 29 applications worth over 991.8 million manats ($584.5 million).…

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Kazakhstan: flour production down in July-October 2019

KazakhstanBy admin2019-12-13Leave a comment

In July-October the production volumes of wheat flour in the Republic of Kazakhstan totaled 919 thousand tons, down by 16% YoY. The high prices of raw materials, slowing down of sales of large-scale batches of grains by agrarians, as well as reducing of the demand of the major importers made its impact on the production…

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Latvia: throughput of port Riga down in January-November 2019

LatviaBy admin2019-12-13Leave a comment

In January-November the Freeport of Riga handled 30,040,600 tons of cargo, down by 9.4% YoY. Transshipment of coal fell by 225.9%, to 9,593,200 tons, and oil products – by 10%, to 3,397,600 tons, while wood pellets grew by 21.6%, to 1,007,900 tons, and ore – by 6.8%, to 531,100 tons. The port’s container throughput grew…

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