Ukrainian Prime Minister Volodymyr Groysman has met with the managers of the French automaker Renault and discussed the prospects for production location in Ukraine. “I have met with the managers of the leading automaker, the French company Renault. We discussed the possibility of locating the Renault production in Ukraine. This would help create additional jobs…
DetailsFreight volume handled at the Port of Klaipeda in January-June grew by 7.6% YoY, to 22.2 million tons, the Port Authority statistics said. Container throughput totaled 74,370 TEUs. In the reporting period the port serviced 143,180 passengers, up by 1%. The number of calls totaled 3,257 (+0.4%). The state-run Port of Klaipeda, the northernmost ice-free…
DetailsEnterprises affiliated with the Agriculture and Food Ministry increased exports 2.4-fold to the countries of Asia and Oceania in January-May, Aleksei Bogdanov, Head of the Central Office for Foreign Economic Activities of the Belarusian Agriculture and Food Ministry, reported. “Work on export diversification continues. We have seen positive dynamics practically on all tracks except Russia.…
DetailsKazakhstan has started supplying flour to Afghanistan through the new railway route, the press service of Kazakhstan Railways JSC reported. A flour-laden train has been sent from Kostanay station to Afghanistan, and the train will pass through the territory of Kazakhstan and Turkmenistan, according to the report. The length of the Kostanay-Bolashak-Serhetabad (Turkmenistan) route is…
DetailsIn the first half of 2018, Ukrainian honey exports decreased by 43% YoY. “They totaled almost 17,000 tons worth $37 million,” Ann Burka, consultant at the Food and Agriculture Organization of the United Nations (FAO), posted on her Facebook page. According to FAO’s data for last year, Ukraine became one of the world’s three leading…
DetailsIn January-June seaports of Ukraine handled 63.8 million tons of cargo, down by 3.1% YoY, says press center of Ukrainian Sea Ports Authority. The decrease should be attributed to the fall of grain exports (-10.3%) and ore exports (-26.5%). Total transshipment of export cargo fell by 8.9%, to 46.1 million tons. The highest growth in…
DetailsThe administrator of the liquidated Latvijas Krajbanka recovered EUR 1,038 million in June, up 6.9-fold MoM, according to the official outlook published in Latvian Herald. The bank’s administrator has recovered all the money from issued loans in June. With that the administrator recovered EUR 1.865 million in the first half year of 2018. At the…
DetailsIn January-June the retail sector in Belarus expanded by 9.3% YoY, to Br21 billion, the National Statistics Committee reported. In H1 wholesale trade totaled Br44.4 billion, up by 6.8%. In January-June one-day retail sales per capita made up Br12.2 as against Br10.9 in January-June 2017. Retail trade by trade companies accounted for 88.9% of the…
DetailsThe Central Bank of Azerbaijan can again reduce the discount rate during the next meeting of the Board, Director of the Training Center of the Ministry of Taxes of the country, economist Farhad Amirbekov believes. The expert noted that macroeconomic indicators were favorable for further reduction of the discount rate. “The situation is stable from…
DetailsThe Antonov State Enterprise and Aviall Services Inc., a subsidiary of the Boeing Company, have signed an agreement on cooperation in aircraft production, according to a report posted on Antonov’s page on Facebook. “On July 17 at Farnborough International Airshow 2018, Oleksandr Donets, President of Antonov Company, and Eric Strafel, CEO of Aviall Services, Inc.,…
DetailsRiga-Vilnius-Minsk-Kyiv train will be launched from the Ukrainian capital on September 28, Infrastructure Minister of Ukraine Volodymyr Omelyan said at a briefing upon the plenary session of the Intergovernmental Ukrainian-Lithuanian Commission on Trade-Economic and Scientific-Technical Cooperation, which was held in Lviv on July 17, the press service of the Infrastructure Ministry reports. “Last year’s agenda,…
DetailsMinister of Economic Affairs and Infrastructure Kadri Simson (Centre) has announced that the ministry is backing an initiative to build a “Tartu Road delta road” or the so-called Smaller Tallinn Ring Road, in order to help calm road traffic on the major thoroughfares to the south of the city center of Tallinn, such as Tartu…
DetailsFrom July 16 for technical reasons and unfavorable temperature the international Urgench airport is closed, the Uzbek national airline “Uzbek Airlines” reported. According to the information, flights to Urgench airport were transferred to the international airports of Nukus and Bukhara. The international airport Urgench is located in the same city, the center of Khorezm region,…
DetailsIt is planned to open direct flights from Bishkek to Tbilisi, the Prime Minister of Georgia Mamuka Bakhtadze made such an offer during a meeting with his Kyrgyz counterpart Mukhammedkaly Abylgaziev. According to him, Georgia is ready to exchange experience in the implementation of the Open Skies project. He noted the importance of strengthening cooperation…
DetailsThe deficit of Ukraine’s foreign trade in goods in January-May amounted to $2,054.9 million, up by 44.4% YoY. This data was provided by the State Statistics Service of Ukraine. In January-May Ukraine’s total imports of goods made up $21,515.0 million, or 115.3% compared to January-May 2017. Ukraine’s total exports of goods over the reporting period…
DetailsThe state-run railways operator JSC Ukrzaliznytsia may raise fares for passengers by 25% (+/-3%) in 2018-2019 and by 30% (+/-3%) in 2020-2021 annually. Such a forecast is given in the outlook for the social and economic development of Ukraine in 2019-2021. Freight transportation rates may also soar by 25% (+/-3%) in 2018-2019 annually. According to…
DetailsUzbekistan intends to supply to China about 20,000 tons of high-quality cherries in the next season. The representative for the coordination of the export of agricultural products in the framework of cooperation of Uzbekistan-China Dilshod Mullabaev held talks with employees of the quarantine service and the General Administration of Customs Authorities about the results of…
DetailsA direct flight between Vilnius and London City Airport might be launched in the spring, Lithuanian Economy Minister Virginijus Sinkevicius says. He and his counterpart of the Transport Ministry, Rokas Masiulis, currently substituting for Environment Minister Kestutis Navickas, signed an order on the establishment of a flight between Vilnius and London City Airport, vital for…
DetailsBelarus and Germany may reach $3 billion in mutual trade in 2018, Belarus’ Ambassador Extraordinary and Plenipotentiary to Germany Denis Sidorenko said. “Our relations in the economic sector are very positive. We can see that we are most likely to reach $3 billion in mutual trade this year,” said Denis Sidorenko. He named the products…
DetailsThe Pension Fund of Ukraine continues to finance pension payments for July, the government’s portal reports with a reference to the Pension Fund. “As of July 13, UAH 16.8 billion was allocated for the payment of pensions, which is 56.2% of the monthly requirement,” reads the report. The Pension Fund added that financing and payment…
DetailsGE Transportation, a division of U.S. company General Electric, will provide Ukraine with first diesel locomotives this autumn, Prime Minister Volodymyr Groysman stated during the Government Question Hour meeting held in Parliament. “This year we will build more wagons than ever. And we will get a new rolling stock this autumn, which we built with…
DetailsGeorgian wine variety Saperavi Khashmi has been added to the list of protected Georgian appellation wines. “This decision indicates the diversity of Georgian wine and its varietal richness, which is especially important in terms of the popularization of Georgian wine and the growth of export potential”, read the press release published by the Georgian National…
DetailsBelarus intends to sell beef and poultry meat to the United Arab Emirates. The statement was made by Belarusian Deputy Agriculture and Food Minister Igor Brylo after negotiations with Director General of the Emirates Authority for Standardization and Metrology (ESMA) Abdulla Al Maeeni. Igor Brylo said: “Belarus intends to sell dairy products, beef, and poultry…
DetailsIn January-June the Port of Tallinn handled 10.09 million tons of cargo, up by 1.4% YoY. According to the Port Authorities, transshipment of containers climbed by 6.4%, to 108,920 TEUs. Transshipment of liquid bulk cargo grew by 1%, to 4.28 million tons, and Ro-Ro – by 8.9%, to 2.73 million tons, while transshipment of dry…
DetailsIn 2018 Ukraine will receive about $2 billion from the IMF, as well as loans from the EU and the World Bank, which will provide an opportunity to increase international reserves up to $20.7 billion by the end of this year. However, in 2019-2020, due to peak payments on external public debt, the balance of…
DetailsUkrainian banks in the first half of 2018 reduced the number of operating structural divisions by 361, to 9,128 as of July 1, according to the National Bank of Ukraine. According to the data published on the regulator’s website, the largest number of branches during the period under review was shut down by state-owned banks,…
DetailsThe Belarusian automobile engineering company OAO BelAZ has opened a modern technical support center in Russia’s Ural Federal District, the press service of the Belarusian Industry Ministry reported. The center for repairing and maintaining BelAZ mining vehicles was opened in the city of Berezovsky, Sverdlovsk region. The center had been built by BelTransLogistik Company, an…
DetailsSince June Uzbekistan has begun exporting fresh fruit to India. Uzbekistan will export sweet cherries and apricots to the markets of Delhi for the first time. Uzbekistan also plans to start exporting other types of fresh and dried fruit and vegetables to India in 2018. By July 8, Uzbekistan has exported sweet cherry worth over…
DetailsFinnair air carrier resumes its flights to Astana. The flights will be operated from July till September twice a week on Wednesday and Fridays by comfortable Airbus 319. The flight duration is four hours, the press service of the Nursultan Nazarbayev International Airport JSC said. Last summer Finnair transported more than 3,000 passengers. (Kazinform/Business World…
DetailsUkraine exported 67,600 tons of sugar in June of the current marketing year (2017-2018 MY, September through August), up by 25% MoM, the National Association of Sugar Producers, Ukrtsukor, has reported. “Large batches of sugar in June were shipped to Uzbekistan (51%) and Libya (35%), while smaller batches were exported to Azerbaijan (5%), Armenia and…
Details