The number of passengers carried by Nordic Aviation Group AS, Estonia’s national airline operating under the Nordica brand, increased by 22% YoY, to 760,000 in 2018. Nordica route network manager Mart Sibrik said that 680,000 passengers, representing the lion’s share thereof, flew on the Tallinn route network, while the remaining passengers were served on domestic…
DetailsAlthough most forecasts indicate that Kazakhstan’s pig industry is heading for extinction, the Kazakh Union of Pig Farmers has recently adopted a development program targeting a significant increase in production capacities with export opportunities. In the plan, Russia and China would be the main targets of the exports. By 2025, the Kazakh Union of Pig…
DetailsAzerbaijan’s AzerMash company together with the automobile company Iran Khodro Industrial Group (IKCO) have launched the production of Peugeot cars under the Khazar brand on the basis of the Neftchala Industrial Site, spokesperson for AzerMash company Gunay Namidar reported. “Several Peugeot cars have been already produced,” she added. “The cars have been equipped with an…
DetailsAs part of the visit of a delegation of Ukraine’s Defense Ministry and State Concern Ukroboronprom to Jordan, Director General of Ukroboronprom Pavlo Bukin met with Prince Faisal bin Hussein. The parties discussed, in particular, the issues of military and technical cooperation, Ukroboronprom’s press service reported. “The parties discussed the issues of bilateral military and…
DetailsThe agricultural company Olgopol commissions a milk factory in the Chechelnitsky district of Vinnytsya region, the company informs. The capacity of the enterprise provides for processing of 5 tons of milk daily. The factory will produce all types of dairy products, except for butter. The company has implemented a system for quality and food safety…
DetailsAccording to Statistics Estonia, the consumer change index changed by -0.2% compared to December 2018, and increased by 2.7% YoY in January. Goods were 1.5% and services 4.9% more expensive compared to January 2018. Regulated prices of goods and services increased by 4%, and non-regulated prices by 2.3%. The consumer price index was affected the…
DetailsSpeaking about the results of 2018, the Prime Minister of Kyrgyzstan Mukhammedkaly Abylgaziev noted a reduction in the budget deficit, investment in the Affordable Housing program and the capitalization of Aiyl Bank. According to him, last year, the budget deficit amounted to 6.6 billion soms, or 1.2% of GDP, down by 10.7 billion soms YoY.…
DetailsAzerbaijani alcohol manufacturer “Goygol Wine Plant” OJSC will broaden its range of exports, the company reported. Exports to Europe are expected to begin this year. “We have received several proposals to date, and this year we will supply our wines to the European market. We are planning to increase the production capacity of the enterprise…
DetailsAs of January 1, wage arrears in Ukraine amounted to UAH 2,645.1 million, up by 11.7% YoY, the State Statistics Service of Ukraine has reported. Among the leaders in terms of wage arrears were Luhansk region (UAH 505.9 million), Donetsk region (UAH 467.3 million) and Sumy region (UAH 275.3 million). The lowest salary debts as…
DetailsLviv International Airport named after Danylo Halytsky is in talks with Qatar Airways on the launch of flights and expects a visit of the airline’s representatives late in February. “We are in talks with Asian countries. I really want to see the launch of flights to Asia. We are negotiating with Qatar Airways. We are…
DetailsJanuary saw a growth in the import of Georgian wines. Azerbaijan imported 5,790 bottles of wine from Georgia in early 2019, the National Wine Agency of Georgia told Report. This is a two-fold increase compared to January 2018. Last month, Georgia exported 6.25 million bottles of wine to 24 countries, up by 22% YoY. During…
DetailsGM Uzbekistan will be renamed in the coming months, the UzAvtoSanoat Deputy Chairman Aziz Shukurov announced. Shukurov added that the Chevrolet and Ravon brands would remain. “The issue of renaming will be resolved in the near future, and we will inform about it soon,” Shukurov said during a press conference. The company exports its products…
DetailsIn 2018, more than 400 trains were sent from Kazakhstan’s “Bolashak” border railway station to neighboring Turkmenistan, twice as much as in 2017, the press service of Kazakhstan Temir Zholy (Kazakhstan Railways) reported. Kazakhstan transports wheat, flour, milling products, barley, oats, and lentils. All products are exported to Turkmenistan, Iran and Afghanistan. Cargo traffic passes…
DetailsUkraine’s National Power Company Ukrenergo is implementing more than a hundred investment projects worth over EUR 1.5 billion, the company’s press service has reported on Facebook. According to the report, all of these projects are aimed at modernizing the Ukrainian power system, preparing it for integration with the European power grid, and transforming Ukrenergo into…
DetailsUkrainian First Deputy Prime Minister and Minister of Economic Development and Trade Stepan Kubiv said that the country’s gross domestic product grew by 3.4% YoY in 2018. “Statistics, which will be announced in February, will show stabilization, and growth of the Ukrainian economy by 3.4%,” he said at a meeting of the Ukrainian parliament’s faction…
DetailsAzerbaijan is preparing rules for switching to electronic cash registers, a source close to the project reported. All work in this direction will be coordinated by the ministry of the country. “After the rules have been prepared and criteria determined, it will become clear when and how the transition to electronic cash registers will be…
DetailsDeposits by Latvian and European Union clients dominate in the banks operating in Latvia, as 91% of total deposits in the country are owned by local clients (80%) and EU member state clients (91%), according to the findings of the Latvian Financial and Capital Market Commission. The Commission reported, that according to its data, deposits…
DetailsAir Astana will fly to New York and Shanghai, Minister of Industry and Infrastructe Development Zhenis Kassymbek said at the February 5 session of the government. “This year the ministry together with Air Astana will take steps to launch air communication with New York, Shanghai and other world’s big cities,” Minister Kassymbek told participants of…
DetailsRussian state-controlled Sberbank’s Ukrainian subsidiary was in the red in 2018 and posted UAH 7.614 billion, or $272 million, in loss.
The bank’s charter capital as of January 1, was UAH 20.765 billion, or $742 million, the bank said in a report on its website. (UNIAN/Business World Magazine)
PJSC Ukrzaliznytsia (Ukrainian Railways) has already received all 30 General Electric locomotives. The last five arrived in Ukraine on February 1. “Ukrzaliznytsia received all 30 contracted GE locomotives. The last five arrived in the port of Chornomorsk on February 1. The further route is already worked out. At first, they will be delivered to the…
DetailsLast year, Azerbaijan increased the sale of persimmon by 17.5% YoY, the Chairman of the Association of Producers and Exporters of Persimmon, Gadir Yusifov, reported. In 2017, Azerbaijan sold persimmons for a total amount of $97 million. In 2018, the cultivation reached $114 million, which indicated an increase of 17.5%. Azerbaijani persimmon is mainly exported…
DetailsNasdaq announced the winners of the Nasdaq Baltic Awards 2019, recognizing Nasdaq Baltic-listed companies for excellence in the areas of transparency, governance, and investor relations, as well as the most active and impactful stock exchange member, Port of Tallinn says in a press release. Port of Tallinn IPO was the Stock Exchange Event of the…
DetailsConstruction of an anti-avalanche gallery of about 5.8 hectares will begin in 2019 on Bishkek-Osh highway, the Ministry of Transport and Roads of Kyrgyzstan reported. According to the ministry, the gallery will appear in Chychkan gorge at the 246th kilometer of Bishkek-Osh road. The width of the road inside the gallery will be 9.5 meters,…
DetailsNatural gas stocks in Ukraine’s underground storage facilities (USFs) have shrunk by 35.7%, or by 6.14 billion cubic meters, to 11.053 billion cubic meters since November 7, 2018 when Ukraine started pumping out gas from its reserves amid the heating season. As of February 2, gas reserves in the country’s USFs were 10.6% down from…
DetailsIn 2018 Ukraine exported 328.97 thousand tons of poultry meat, up by 21.24% YoY. According to the State Fiscal Service of Ukraine (SFSU), in monetary terms poultry meat exports totaled $506.61 million. The key importers of Ukrainian poultry meat in the reporting period were the Netherlands – $112.46 million; Slovakia – $59.95 million; and Saudi…
DetailsA small amount of meat from sick livestock from Poland has been found in a Lido restaurant, as confirmed by Chief of Latvian Food and Veterinary Service’s Public Relations Office Ilze Meistere. She reports that Lido has received a total of 27 kg of meat, and 9 kg of aforementioned meat remains stored in the…
DetailsBishkek-Tashkent bus route via the previously existing route was resumed before the approval of a new timetable from February 1, the Ministry of Transport and Roads reported. The Ministry of Transport of Kyrgyzstan has negotiated the issue on the transit through the territory of Kazakhstan of Bishkek-Tashkent bus with the Ministry of Infrastructure and Development…
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