Development of export is a key priority for Ukraine as it generates about 50% of GDP. “Export generates about 50% of GDP, and its development is a key priority for Ukraine. For several years we have been managing to conclude three free trade agreements (with the EU, Canada, and Israel); to re-focus the exports in…
DetailsIn Lviv region, Zakhidnyi Bug Agrocompany has begun sugar beet sowing. This year, more than 8,2 thousand ha of sugar beet are planned to be sown. KWS, Strube, BetaSeed, Florimond Desprez, Hilleshog, SES Vanderhave beet seeds are used for the sowing campaign. The average beet yield planned for 2019 reaches 65 ton/ha. Every second ton…
DetailsGeorgia’s economy is growing steadily, show the latest data from the National Statistics Office of Georgia (Geostat). The estimated real gross domestic product (GDP) growth rate in February equaled 4.6%, while in January-February it was 4.1% YoY. Last month the estimated real growth, compared to the same period of the previous year, was posted in…
DetailsFlyArystan, a low-cost airline, has announced the sales start for its first flight en route Almaty-Taraz slated for May 1, the company’s press service reports. The one-way ticket cost starts at KZT 4,999, including passenger charges. The flight duration is 60 minutes. The daily flights will be operated by Airbus A320. FlyArystan is expected to…
DetailsAccording to Statistics Estonia, the turnover of retail trade enterprises increased by 5% at constant prices in February compared to the same month last year, reaching EUR 527.5 million. The turnover of shops selling manufactured goods increased by 6%. The greatest increase was reported for shops selling textiles, clothing and footwear, with sales increasing by…
DetailsUkrainian SkyUp Airlines will launch flights to the Croatian city of Pula on June 15. “SkyUp Airlines will fly to Croatia every Saturday starting from June 15,” SkyUp Airlines reports on Facebook. It is also noted that the price of a roundtrip ticket (Kyiv – Pula – Kyiv) without luggage starts from UAH 4,336. The…
DetailsTwo programs aimed at helping farmers in construction of elevators will work in 2019. One program provides for a 30% compensation to agricultural producers from the amount spent on the construction. Around UAH 859 million are provided for these purposes. The second program provides for a 25% compensation of domestically produced elevator equipment cost. (UkrAgroConsult/Business…
DetailsVice Minister of Energy Magzum Mirzagaliyev informed about preliminary results of the country’s gasification and plans for the future. “As for gasification, in 2014 we adopted the country’s general gasification scheme that reflected priority areas and domestic demand in gas. The general gasification scheme is financed from the national budget, national operators’ revenues and other…
DetailsIn February the production output of industrial enterprises increased by 4% YoY. While production increased in the manufacturing and mining sectors, it decreased in the energy sector, Statistics Estonia reported. The total manufacturing production in February was 7% higher than in the corresponding month of 2018. Over a half of the branches of industry exceeded…
DetailsAt least 25 private companies sell electricity in Kyrgyzstan, the State Agency for Regulation of Fuel and Energy Complex and Subsoil Use reported. An average set tariff is 181.6 tyiyns per kilowatt-hour. On average, private companies buy electricity from Electric Stations OJSC at 101.43 tyiyns per kilowatt-hour. The tariff for non-domestic consumers is 223.54 tyiyns,…
DetailsThe Deposit Guarantee Fund of Ukraine has extended the terms of liquidation of two banks – PJSC Profin Bank and JSB Ukoopspilka, the Fund’s press service reports. “The Executive Directorate of the Deposit Guarantee Fund approved a decision dated March 25, No. 660, to extend the term of liquidation of JSB Ukoopspilka for one year,…
DetailsKyiv-based Bogdan Corporation, one of Ukraine’s major motor vehicles manufacturers, has manufactured the first 18-meter bus body for electric buses of Bluebus, a French manufacturer of environment-friendly public transport vehicles, as part of a new contract signed earlier this year. “Partnership with European companies is an important vector of the corporation’s development, which seeks to…
DetailsNine commercial banks of Uzbekistan have been suspended from participation in currency trading “due to systematic violations related to transactions on the currency exchange”, the Central Bank of Uzbekistan reported. Hamkorbank, Turkiston Bank, HayTek Bank, Universal Bank, Invest Finance Bank, Ipak Yuli Bank, Savdogarbank, Trust Bank and Asia Alliance Bank were among those removed. “Measures…
DetailsCompared to January, the level of construction costs in Latvia rose by 0.4% in February. Maintenance and operational costs of machinery and equipment increased by 0.8%, prices of building materials by 0.5%, while labor remuneration of workers decreased by 0.1%. In February, the average level of construction costs was mainly influenced by an increase in…
DetailsAl Hilal and Zaman-Bank are the two Islamic banks operating in Kazakhstan today. The latter received an official permit from the National Bank for voluntary reorganization into the Islamic Bank in 2016. In August 2017 the bank obtained its license and was renamed the JSC Islamic Bank “Zaman Bank”. In a year, the total share…
DetailsThe opening of Ryanair flights from Kharkiv Airport is the result of lengthy talks Ukraine’s Kharkiv International Airport has begun cooperation with Europe’s major discount air carrier, Ireland’s Ryanair, by launching new international flights from the city of Kharkiv. “We are pleased that Kharkiv Airport has become the third Ukrainian airport for Ryanair. In 2019,…
DetailsUkraine’s state and government-guaranteed debt, estimated in U.S. dollars, shrank by 0.02%, or by $10 million, to $78.24 billion, in February. The debt in the hryvnia equivalent over the period under review fell by 2.8%, or by UAH 60.02 billion ($2.2 billion), to UAH 2.112 trillion (nearly $78.3 billion), according to the Ukrainian Finance Ministry’s…
DetailsThe volume of freight turnover of railway transport in Azerbaijan is planned to be increased to 5.3 ton-kilometers in 2019, or by 17.7% YoY. According to government forecasts, the turnover will increase in subsequent years. As such, this figure will stand at 5.9 billion ton-kilometers in 2020, 6.6 billion ton-kilometers in 2021, and 7.4 billion…
DetailsSommeliers, distributors, restaurant and hospitality sector representatives attended a Georgian wine masterclass held in the Japanese city of Naha, announces the National Wine Agency of Georgia. About 60 guests attended the masterclass, where they had the opportunity to taste seven varieties of Georgian wine. An exhibition called “Georgia – Homeland of Wine” is taking place…
DetailsBoard of the National Bank of Kyrgyzstan has kept the discount rate at 4.5%, website of the bank says. According to it, there is a growth trend in the economy, which formed mainly in the manufacturing industry. Inflow of remittances into the country and the real wages growth continue to support the internal demand. Thus,…
DetailsIn the fourth quarter of 2018, the number of registered unemployed in Ukraine decreased by 100 thousand people compared with the fourth quarter of 2017, and the unemployment rate shrank by 0.6%, the State Statistics Service of Ukraine reported. “According to the results of a sample survey of the population (households) on economic activity, the…
DetailsUkrainian producers in 2018 boosted chocolate exports to the European Union by 22.6% YoY, to EUR 41.2 million. Romania was a major buyer of Ukrainian chocolate products (4,900 tons of chocolate and cocoa products), the Pro-Consulting company’s press service said. Also, the largest buyers of Ukrainian chocolate were Hungary (2,600 tons) and Bulgaria (2,500 tons).…
DetailsThe Lithuanian Finance Ministry has revised its economic growth forecast for this year downward to 2.6%, from 2.8% previously. It also downgraded its growth projection for 2020 to 2.4% and that for 2021 to 2.3%, from the previous estimate of 2.5% for both years. In light of certain risks, the ministry forecasts that the country’s…
DetailsThe results of two months of 2019 show that the revenues of air transport enterprises in Kazakhstan rose by 21.2% YoY and reached 49.7 billion tenge ($1.3 billion). The share of air transport in the transportation industry as a whole was 10.8%; in 2018 the share of airlines was slightly lower – 10.2%. The main…
DetailsSharg Ulduzu OJSC, Azerbaijan’s winemaking plant located in Shamkir district, plans to export its products to Japan, Head of the company Asgar Alyrzayev declared. He said that this opportunity might appear this year through the company’s participation in the upcoming exhibition in that country. “We are constantly looking for potential partners abroad, we expect to…
DetailsUkrainian economy has been growing for the longest continuous period of nine years, First Deputy Prime Minister – Minister of Economic Development and Trade of Ukraine Stepan Kubiv stated at a meeting of the Regional Development Council in Chernivtsi region. “They, the Russian authorities, hate only one person who is the commander-in-chief and who opposes…
DetailsInvestors will build seven solar power plants in different districts of Zhytomyr region, the press service of Zhytomyr Regional State Administration has reported. “After signing memorandums of cooperation with Head of Zhytomyr Regional State Administration Ihor Hundych, investors are launching seven projects to create alternative energy sources,” the report says. In particular, industrial solar power…
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