The problem in the export of Azerbaijani wines to Russia has been solved, said Ministry of Economy. A delegation of the senior officials from the Ministry of Economy and the State Customs Committee of Azerbaijan was sent to Russia to promptly study the difficulties of some companies involved in the export of Azerbaijani wines to…
DetailsIn October the overall state and government-guaranteed debt of Ukraine decreased by almost 0.5% MoM, the Finance Ministry’s press service reports. As of October 31 the overall state and government-guaranteed debt of Ukraine totaled $74.32 billion, down by $0.35 billion. According to the ministry, the state and government-guaranteed debt in hryvnia equivalent over the reporting…
DetailsUkraine’s major chicken meat producer PJSC Myronivsky Hliboproduct (MHP) has signed an agreement to buy 90.68% of the issued share capital of a Slovenian poultry producer, Perutnina Ptuj (PP). “MHP SE, a leading international agro-industrial group, following the announcement of its intention to acquire Perutnina Ptuj D.D. on September 26, announces that MHP has signed…
DetailsCompared to September, level of producer prices in Latvian industry rose by 0.1% in October. Prices of products sold on the domestic market fell by 0.5%, while prices of exported products went up by 0.7%. Prices of products exported to Eurozone countries grew by 0.3% and prices of products exported to non-Eurozone by 0.9%, according…
DetailsFitch Ratings, an international rating agency, has noted improvement in the macroeconomic conditions in Azerbaijan, the agency said in a message. The message reads that in January-September the economy of Azerbaijan grew by 0.8% YoY, while the growth rate of non-oil GDP was 1%. Inflation fell sharply from 12.9% at the end of 2017 to…
DetailsActing Prime Minister Nikol Pashinyan met Armen Harutyunyan, the head of Beltekhnika, a Lithuanian company engaged in the production of agricultural equipment. At the meeting in Yerevan, the parties discussed issues related to Beltekhnika’s initiative to implement an investment project for the production of agricultural machinery such as tractors in Armenia. Reaffirming the Armenian government’s…
DetailsPresident Petro Poroshenko has said that funding for the program for the design and construction of an international airport in the city of Dnipro has been envisaged in the draft state budget for 2019. He stated this at a meeting with Mayor of Dnipro Borys Filatov, the president’s press service reported. “At my request, the…
DetailsHead of the State Agency of Automobile Roads of Ukraine Slawomir Nowak has said that UAH 20 billion will be allocated for the construction, reconstruction and repairs of highways of state importance next year. “About UAH 20 billion will be allocated for the construction, reconstruction and repairs of state highways next year. The general program…
DetailsIn Azerbaijan, the production of machinery and equipment, cars, trailers and semi-trailers reached 241.1 million manat ($141.86 million), the State Statistics Committee said. Compared to the same period of the previous year, the production of cars increased 26.5-fold, machinery and equipment – by 17.7% and other vehicles – by 65.6%. As many as 1,220 tractors…
DetailsBishkek City Administration intends to purchase gas-powered buses, head of the Transport Department of the Bishkek City Administration Kubanychbek Zhunusov declared. According to him, a tender for the purchase of buses was announced. “There are about 100 municipal buses in the city. They are about 10 years old. The city administration intends to buy 50…
DetailsChina’s Gansu Hengya Cement Co. will invest in the construction of a new cement plant in Kattakurgan district of Samarkand region of Uzbekistan. The cost of a new cement plant with a capacity of over 2.4 million tons of cement per year is $420 million. The project will be implemented in two stages. At the…
DetailsThe construction of the subway to the Vynohradar residential district in Kyiv is to be completed by 2021. This is stipulated by the contract signed by Kyiv Metropoliten and the winner of the tender on the ProZorro public e-procurement system, PJSC Kyivmetrobud, for the extension of the Syretsko-Pecherska subway line, Kyiv Metropoliten’s press service reported.…
DetailsInfrastructure Minister Volodymyr Omelyan has said that the signing of an Agreement on Common Aviation Area (CAA), or “Open Skies”, with the European Commission may take place in the first half of the next year. He stated this at a joint press conference with Chief Commercial Officer at Ryanair Holdings PLC, David O’Brien. “We are…
DetailsIn January-September the production volumes of flour in Kazakhstan totaled 3.05 million tons, up by 1.9% YoY, reported the Statistics Committee at the Ministry of National Economy of the Republic of Kazakhstan. According to the announcement, Kostanay region produced the largest volumes of flour – 854.3 thousand tons, or 28% of the total volume, down…
DetailsAccording to information released by Statistics Estonia on November 20, last month the producer price index (PPI) of industrial output increased by 0.3% MoM and by 2.8% YoY. Compared to the previous month, the PPI in October was affected more than average by a price increase in the manufacture of electronic equipment and in mining…
DetailsUzbekistan has significantly increased its trade turnover with the countries of the Central Asian Regional Economic Cooperation (CAREC) in the first three quarters of 2018, Foreign Trade Minister Jamshid Khojayev declared. “It is good to see that trade with CAREC member countries is growing at an accelerated pace. In the three quarters of this year,…
DetailsUkraine’s state-run railways operator, JSC Ukrzaliznytsia, says five more locomotives built by U.S. GE Transportation’s Pennsylvania-based plant have arrived at Ukraine’s port of Chornomorsk. As was the case with 15 previously delivered U.S. locomotives, the five would be sent to Ukraine’s Kremenchuk-based PJSC Kryukivsky Railway Car Building Works for final assembly. “Under the contract, the…
DetailsEconomist Viktor Skarshevsky forecasts the forex rate of Ukraine’s national currency, the hryvnia, against the U.S. dollar at UAH 30 by late December 2018. “In November-December of 2016 and 2017 the hryvnia devalued by 5%. Let’s extrapolate from this trend, and we will get the forex rate at around UAH 29.5-30 by the end of…
DetailsThe Estonian Competition Authority on November 19 rejected a complaint by Eleon Group, an energy company owned by Andres and Oleg Sonajalg, which contested the authority’s decision to allow the merger of renewable energy producer Nelja Energia and the Estonian state-owned energy group Eesti Energia. The Estonian Competition Authority said that it had not violated…
DetailsGeorgia is increasing its role as an important trade partner for the European Union (EU), the Commonwealth of Independent States (CIS) and other countries. In January-October trade turnover with EU countries increased by 18.6% (amounting to $2.76 billion) and with CIS countries by 27.4% YoY, to $3.51 billion, says the National Statistics Office of Georgia…
DetailsIn the three quarters of the current year Kazakhstan produced 466.2 million liters of beer, up by 5.7% YoY. The main producers were Carlsberg Kazakhstan and Efes – their combined share amounted to about 75% of total production in the country. In the regional context, Almaty and Almaty region accounted for 62.2% of total production…
DetailsPrime Minister Volodymyr Groysman says that Ukraine’s economy has been growing for 11 quarters in a row, but the government still needs external support so that to pay off its foreign debt, the government portal reports. “The economy has been growing for 11 quarters in a row, which means the recovery has begun. In general,…
DetailsAs of November 14 there were 17 billion cubic meters of gas in Ukrainian underground storage facilities. Thus, Ukraine has consumed 200 million cubic meters of gas since the start of gas extraction, the press service of NJSC Naftogaz of Ukraine reported. The company noted that current gas stocks were 300 million cubic meters or…
DetailsThe Asian Development Bank (ADB) approved a grant of $35 million to re-connect the electricity system of Tajikistan with the Central Asian Energy System (CAEC). This will help expand regional energy trade and improve energy efficiency between the CAEC countries, according to the ADB press release. The interconnected energy system in Central Asia will benefit…
DetailsFollowing an announcement that it was shutting down three regular routes from Tallinn, Estonian national airline Nordic Aviation Group AS, operating under the Nordica brand, announced that it would be cutting eight routes from the Estonian capital next summer. While Nordica flew to 21 destinations this summer, beginning next summer, the flag-carrier airline will operate…
DetailsThe Armenian government will provide more than AMD 191 million (some $400,000) to the Ministry of Transport, Communication and Information Technologies for the renovation of the road connecting Yerevan to the Iranian border. In particular, 448 km section will be repaired. Besides, the government will also give more than AMD 60 million ($124,000) for the…
DetailsThe draft state budget for 2019 provides for UAH 1 billion for the construction of the Mykolaiv-Kropyvnytskyi highway, according to Infrastructure Minister Volodymyr Omelyan. “In addition, the Road Fund will allocate almost UAH 1 billion for the roads of both regional and state importance in Mykolaiv region,” the minister said during his working visit to…
DetailsOn November 14 the first train arrived in Mukachevo from Budapest. The train is one of those expected to shortly start running along the new route on a regular basis. So far, this is only a dry run along the newly built standard gauge line, the Center for Transport Strategies reported. The train was operated…
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