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Ukraine: NBU to increase share of cashless transactions by payment cards to 55%

UkraineBy admin2019-12-02Leave a comment

Deputy Governor of the National Bank of Ukraine (NBU) Serhiy Kholod says the regulator plans to have increased the share of cashless transactions with payment cards from 50% to 55% by the end of 2020. “The share of non-cash transactions by payment credit cards has already reached about 50%, which fully complies with the NBU…

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Estonia: natural gas link established with Finland

EstoniaBy admin2019-12-02Leave a comment

The undersea portion of the Balticconector pipeline has been filled with natural gas, as a result of which, for the first time in history, the two countries’ gas networks are linked and the two-way transport of gas between them made possible. The undersea pipeline, which was installed this summer, was emptied of air with the…

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Azerbaijan: Buta Airways to launch direct flights to Ukraine’s Lviv

AzerbaijanBy admin2019-12-02Leave a comment

Azerbaijani low-cost airline Buta Airways will launch direct flights from Baku to Lviv from December 23, the company has written on its Facebook page. “We are opening direct flights to one of the most beautiful cities in Eastern Europe – Lviv. Use our flights starting from December 23,” Buta Airways wrote. The company added that…

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Uzbekistan: bus routes to 10 Russian cities to be launched

UzbekistanBy admin2019-12-02Leave a comment

Uzavtotrans Service intends to launch regular bus services with Moscow, St. Petersburg, Ufa, Samara and several other Russian cities in December. During the year, Uzavtotrans Service has bought 168 buses from Chinese company Zhengzhou Yutong Bus for international trips to Russia and Kazakhstan, which are in demand among labor migrants. Vehicles were purchased through a…

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Ukraine: PM promises quality roads connecting all major cities in three to five years

UkraineBy admin2019-12-02Leave a comment

High-quality roads and motorways will connect all major cities and regional centers in Ukraine in three to five years, Ukrainian Prime Minister Oleksiy Honcharuk says. He noted the key point was personnel upgrades. He has called on the new head of Ukravtodor road construction agency, Oleksandr Kubrakov to hire new people for top posts at…

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Ukraine: real wages up in January-September 2019

UkraineBy admin2019-11-29Leave a comment

Real wages of Ukrainians grew by 9.6% in January-September, Minister for Development of Economy, Trade and Agriculture of Ukraine Tymofiy Mylovanov wrote on his Facebook page. “Real wages (considering inflation) grew by 9.6% in the first nine months of 2019,” Mylovanov wrote. The minister also noted that real wages increased by 18% compared to the…

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Azerbaijan: SOCAR Carbamide Plant’s production volumes to reach 650,000 tons

AzerbaijanBy admin2019-11-29Leave a comment

The Carbamide Plant belonging to the State Oil Company of Azerbaijan Republic (SOCAR) will produce up to 650,000 tons of urea in 2020, Carbamide Plant’s Director Khayal Jafarov has announced. “Before the end of this year we expect to produce another 50,000 tons of urea. In 2020 production volumes are planned at the level of…

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Estonia: business sector turnover up in Q3 2019

EstoniaBy admin2019-11-29Leave a comment

There was a 5% increase in goods and services sold in the third quarter, new figures from Statistics Estonia showed. This increase is equivalent to EUR 16.4 billion. Turnover increased in most economic areas. Trade, manufacturing, and information and communication activities contributed the most to the turnover of the business sector. The growth in the…

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