The National Bank of Ukraine expects the country’s economic growth rate to reach 3-3.5% this year, Director of the NBU’s Financial Stability Department Vitaly Vavrishchuk said. “According to our forecasts, the GDP will grow by 3-3.5% in 2018. We would like these rates to be higher, especially given the significant decline in the production output…
DetailsValentyn Badrak, military expert and writer, the director of the Center for Army, Conversion and Disarmament Studies, says Ukrainian Skif and Korsar anti-tank guided missiles (ATGM) have recently proved to be no worse than the U.S. Javelin systems. “To date, there is a whole line of ATGMs, among which the most famous are Skif and…
DetailsThe unusually high temperatures and lack of precipitation this May in Latvia have added to the adverse effects that last year’s chilly and wet summer has had in the field of fruit growing, the leadership of the Latvian Orchardman Association, has warned. The non-governmental organization unites around 400 hundred of the largest fruit and berry…
DetailsThe Ministry of Transport and Roads decided on contractor for the project to improve the CAREC Transport Corridor No. 3 (Bishkek-Osh road), Phase 4, Madaniyat-Jalal-Abad section, the press service of the ministry reported. Tender proposals were submitted by four companies – Xinjiang Beixin Road & Bridge Group Co. (China), Gezhouba Group Company (China), Corporation Eurotrakt…
DetailsThe Ukrainian city of Lvov will acquire 100 urban buses from the Belarusian automobile engineering company MAZ. The buses will be assembled and shipped to Ukraine by the end of the year, the company’s representatives reported. The buses are meant for the Ukrainian city’s mass transit system operator. They will be used to transport passengers…
DetailsUkraine’s State Fiscal Service (SFS) reimbursed UAH 54.8 billion worth of value added tax (VAT) in January-May, according to a report on the SFS official page on Facebook. “In January-May UAH 54.8 billion worth of VAT was reimbursed to taxpayers, up by 14.4% or by UAH 6.9 billion YoY. UAH 47.9 billion worth of VAT…
DetailsYanair has started operating direct scheduled flights between Lviv and Batumi from June 8. “It was very difficult for us to abandon numerous applications of the Lviv airport and the wishes of our passengers in Batumi, who were forced to fly to Kyiv and return to Lviv in transit. Therefore, we tried to satisfy their…
DetailsLithuania’s natural gas transmission system operator Amber Grid launched an international tender for the construction of Gas Interconnector Poland-Lithuania (GIPL). The deadline for submitting bids is August 8, according to the competitive tender notice on the European and Lithuanian public procurement websites. Amber Grid and its Polish partner, Gaz-System, in late May signed a grid…
DetailsEvery batch of Belarusian products undergoes laboratory control, Belarus’ Agriculture and Food Minister Leonid Zayats declared. “We trade with 85 countries today. Not a single state has complaints regarding the quality of our products. Before shipping products, each batch undergoes control in accredited laboratories,” Leonid Zayats said. “The laboratories employ highly qualified specialists that check…
DetailsIn 2017 the National Bank of the Kyrgyz Republic transferred 2.1 billion soms to the country’s budget, the Chairman of the National Bank Tolkunbek Abdygulov stated at the meeting of the parliamentary committee on budget and fiscal policy. According to him, in 2016 the bank conducted 52 interventions, and in 2017 – 21. “This is…
DetailsIn May Ukrainian producers delivered 54,000 tons of sugar to foreign markets, up by 29% YoY, the press service of the Ukrtsukor National Association of Sugar Producers of Ukraine reported. “In May the main importer of Ukrainian sugar was again Uzbekistan (72%). In addition, 11% of deliveries were made to the UK, 5% to Azerbaijan…
DetailsUkraine boosted electricity exports by 25% YoY in January-May (in monetary terms), to $137.2 million.
Hungary accounted for 62.2% of the electricity sales abroad (estimated at $85.3 million), while the share of Poland was nearly 23.8% ($32.6 million) and that of Moldova 11.4% ($15.6 million), the Ukrainian State Fiscal Service said. (UNIAN/Business World Magazine)
The Belarusian automobile engineering company has delivered 128 urban buses to the Russian city of Kazan. Another 10 will be handed over to customers in the next few days. Once it is done, the entire batch of buses will be delivered to Tatarstan, Russia ahead of the football cup, according to the MAZ website. The…
DetailsBishkek and Tashkent agreed to continue the summer supply of electricity from Kyrgyzstan to Uzbekistan, Electric Stations JSC reported. According to its data, from June 8 until the end of August, Kyrgyzstan will sell electricity to its neighbors. It is planned to export 500 million kilowatt-hours at a price of 2 cents per kilowatt. Daily…
DetailsWhile not all counties in Estonia have agreed to begin offering free public bus transport, the Estonian Road Administration has officially set the price of bus tickets in ten requesting counties to EUR 0 beginning from July 1. As of July 1, public bus transport will be free in Valga, Voru, Polva, Jarva, Jogeva, Tartu,…
DetailsThe positive dynamics of Ukrainian exports growth is largely triggered by the attraction of foreign investment in the production located in Ukraine. “Attraction of investments in Ukrainian production is one of the factors in growing exports as the investors, apart from establishing production and putting money in modernization of enterprises, also attract their distribution networks,…
DetailsThe United States has imposed sanctions on the Ukrainian Dart Airlines. The sanctions are being applied due to the fact that the Ukrainian airline cooperated with the Iran’s Caspian Air. “For assisting in, sponsoring, or providing financial, material, technological support for, or financial or other services to or in support of, Iran’s Caspian Air,” reads…
DetailsUzbekistan exported sweet cherries worth more than $103.96 million starting from April 28 up to June 6, according to the Uzbekkozikovkatholding company. The deliveries of sweet cherry amounted to 24,575 tons, according to the company. In the reporting period cherry exports from Uzbekistan increased by 5,340 thousand tons or by $58.32 million YoY. During the…
DetailsKyrgyzstan plans to export meat to China, the Director of the State Inspection for Veterinary and Phytosanitary Safety Kalys Zhumakanov announced. Earlier Kyrgyzstan and China signed a memorandum on the creation of a zone free from foot and mouth disease. According to Kalys Zhumakanov, an agreement on joint struggle against transboundary diseases will help export…
DetailsAccording to the preliminary data, Belarus’ gold and foreign exchange reserves totaled $6.94 billion as of June 1, the Information and PR Department of the National Bank of the Republic of Belarus (NBRB) reported. According to the preliminary data, Belarus’ international reserve assets made up $6.939 billion as of June 1. In May the country’s…
DetailsRevenues of local budgets in January-May compared with the same period last year grew by 24.1%, or by UAH 17.391 billion, to UAH 89.7 billion. Over the period, the government has carried out interbudgetary transfers to local budgets worth UAH 142.076 billion, which was 95.3% of the allotted appropriations, as reported on the website of…
DetailsBYD Company, the world’s largest manufacturer of electric vehicles and lithium batteries, is considering the possibility of locating its production on the territory of Ukraine with further expansion into the European market. This was discussed during the meeting of Infrastructure Minister of Ukraine Volodymyr Omelyan with Isbrand Ho, Managing Director of BYD Europe, the press…
DetailsIn January-May the port of Ventspils handled 8.380 million tons of cargo, down by 22% YoY, the port authority reported. Transshipment of liquid bulk cargo fell by 17%, to 4.814 million tons, dry bulk cargo – by 38%, to 2.427 million tons, while general cargo grew by 11%, to 1.139 million tons. The port’s container…
DetailsBelarus’ food exports rose by 9.3% YoY in January-April, Belarus’ Agriculture and Food Minister Leonid Zayats declared on the sidelines of the international agriculture expo Belagro 2018. “Belarus’ agriculture industry has shown positive dynamics during the period under review. Gross output increased by 3.5%. The production of milk went up by 80,000 tons, that of…
DetailsThe Ganja automobile plant and the Minsk tractor plant may extend the contract for production of the “Belarus” tractors in Azerbaijan until the end of 2018, director of the Ganja automobile plant Kamran Nazarov declared. He noted that the Ganja automobile plant took part in the international exhibition Belagro 2018 in Minsk. Nazarov said at…
DetailsAntonov State Enterprise does not intend to resume cooperation with the Russian side for the production and modernization of An-124-100 Ruslan aircraft. “The question of the resumption by the specialists of SE Antonov of mass production of An-124-100 Ruslan aircraft together with the Russian side is not on the table,” Antonov press service stated. On…
DetailsCosts of construction and assembly services in Ukraine rose by 23.4% YoY in January-April. Over the period under review, costs of construction and assembly of civil engineering facilities, as well as commercial buildings and complex industrial facilities increased the most – by 28.1% and by 23.8%, respectively. The lowest increase was recorded in the construction…
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