In January-September the passenger traffic through the airports of Ukraine grew by 23.9% YoY, to 15.6 million people. “During the first nine months the passenger traffic through the airports of Ukraine grew by 23.9% and totaled almost 15.6 million people,” the Ministry of Infrastructure of Ukraine reports. As noted, there was a significant increase in…
DetailsUkraine’s Roshen Confectionery Corporation says that its sweets reportedly sold in stores located in the Russia-occupied territories, namely in Donetsk and Luhansk regions, as well as in Crimea, could have been smuggled. “We don’t have reliable information about the origin of those sweets there, but we don’t rule out our products could have been sold…
DetailsIn 2019 income of the population of Azerbaijan will increase by 9%, reaching 54.4 billion manats, which is a positive indicator, the Deputy Minister of Labor and Social Protection of the Population Idris Isayev said on November 8 at the meeting of the parliamentary committee on labor and social policy. He said next year the…
DetailsIt is planned to construct 30 sports facilities in Zhambyl region within three years. “As of today, for residents of the region to regularly do physical exercises and sports there are 1,605 available sports facilities, including 517 in Taraz and 1,088 in districts,” said governor of Zhambyl region Askar Myrzakhmetov. According to the head of…
DetailsInflation this year will exceed 3%, but is expected to slow next year as a result of slowing energy price increases as well as the fact that excise duties on alcohol likely won’t increase further, senior analyst at Swedbank, Liis Elmik said. “Energy has been the biggest contributor to rising prices. The price of petrol…
DetailsInflation in Ukraine will slow down next year to a single-digit figure, for the first time since 2013, according to a Reuters survey. This will happen thanks to a tight monetary and prudent fiscal policy that meets the requirements of the International Monetary Fund, that’s according to the polled experts, Reuters wrote. According to a…
DetailsIn January-August Ukraine exported slightly over 100 thousand tons of grains, oilseeds and peas with indication of their organic origin, declared the analyst at APK-Inform Agency, Tatyana Druz during her report within frames of the conference “Fat-and-Oil Industry – 2018” in Kyiv. In accordance with the observed shipment dynamics, in the whole calendar year the…
DetailsPakistan is ready to supply the Azerbaijani army with the necessary products of the defense industry, the Federal Defense Production Minister of Pakistan Zubaida Jalal Khan announced at a meeting with Azerbaijani Ambassador to Pakistan Ali Alizade, the Embassy said in a message. During the meeting, the parties expressed satisfaction with the cooperation between Azerbaijan…
DetailsJapan’s only wine master Kenichi Ohashi is visiting Georgia with wine importers, sommeliers and a group of journalists in order to explore ways of increasing Georgian wine imports to Japan. The Japanese guests will visit over 20 wine enterprises and cellars in Georgia’s Kakheti, Kartli and Imereti regions. On the first day of his visit…
DetailsProposed changes of the Ship Flag and Ship Registers Act as well as the Income Tax Act aim to bring up to 300 large cargo vessels under the Estonian flag over the next seven years. There is currently not a single large freighter sailing under the Estonian flag, the last one having been unregistered after…
DetailsThe National Bank of Ukraine (NBU) has revoked banking and general licenses for foreign exchange operations of JSC BM Bank, the central bank’s press service reports. “The National Bank of Ukraine by the Board’s decision dated November 6, 2017, No.749-rsh, revoked the banking and general licenses for foreign exchange operations from JSC BM Bank and…
DetailsUkrainian sugar refineries have produced 1.03 million tons of sugar since August 30, when the current sugar production season began with the launch of a sugar refinery in Tomashpil, Vinnytsia region. “As of November 5, some 1.03 million tons of sugar had been produced and 7.9 million tons of sugar beets had been processed,” the…
DetailsAn agreement has been reached between Farma-Shah LLC (Azerbaijan) and a Turkish company on the export of Azerbaijani tea to Turkey, the Ministry of Economy said in a statement on November 6. Also, the negotiations on the export of raw materials used as an additive in cement production have been held between Nakhchivan Cement Plant…
DetailsThe first plant in Central Asia, on the basis of which the industrial production of frozen French fries and potato flakes will be launched in November, has been built in Uzbekistan. The production capacity of the plant will be up to 20,000 tons of finished products per year. Work on the project has been going…
DetailsIt is necessary to increase electricity tariffs in Kyrgyzstan, the Minister of Economy of Kyrgyzstan Oleg Pankratov said at a government meeting on November 6. According to him, the power industry is working at the limit of opportunities, and new industrial enterprises cannot be connected to the networks due to the overload of substations. “We…
DetailsGabriel Paun, the founder of the Agent Green Association (Romania), says lab results confirm that 48% of the soybean cultivated in the tested areas across Ukraine is genetically modified. “We’ve chosen six key regions in Ukraine, which are altogether producing more than half of Ukraine’s soy. And from each region we took ten samples from…
DetailsAccording to the results of the first 9 months of 2018, bank’s operating income amounted to 4 billion UAH, up almost 2-fold YoY. Net interest income before provisions amounted to 2.96 billion UAH, whereas net commission income amounted to 1.19 billion UAH. Bank’s equity amounted to 6 billion UAH. According to the results of the…
DetailsElectric cars will be exempt from value-added tax (VAT) in Armenia if they are not re-exported within a year after the day of the import, when amendments to the existing tax code are approved. The vehicles, according to the proposed changes, cannot be exported to the countries of the Eurasian Economic Union (EAEU). If approved,…
DetailsGeorgia exported about 68.3 million bottles of wine to 53 countries in the first 10 months of 2018, announces the Georgian National Wine Agency. In January-October Georgia generated $162 million from the sale of wine abroad. Revenue increased by 20% YoY, while the volume of exports grew by 12%, said the Georgian National Wine Agency.…
DetailsLithuania’s central banker says it sees no clear signs of an upcoming new economic crisis but warns about slowing growth. Vitas Vasiliauskas, the Bank’s chief, acknowledges that the “income turning to expenses” continues, although differently from ten years ago. According to him, the Bank’s assessment is based on how the 2019 budget numbers. (BNN/Business World…
DetailsTurkey and Ukraine agreed to have signed the free trade agreement by the year’s end. “At the 7th meeting of the strategic council we decided to have completed the work on signing of the free trade agreement by the year’s end. We believe that we will be able to achieve our goal – balance of…
DetailsThe State Aviation Administration of Ukraine has satisfied all applications from the low cost airline SkyUp for new regular and charter flights. This is stated in the newsletter issued by the Administration’s commission following its meeting on October 29. Thus, SkyUp is allowed to fly regularly from Kyiv to Kharkiv, Poprad (Slovakia) and Abu Dhabi…
DetailsA Georgian wine tasting was held in Matsuyama, Japan. The tasting was attended by numerous wine importers, masters, representatives of the media, restaurants and hotels chains. During the event master of wine Kenichi Ohashi offered guests Georgian wine while introducing them to its history and culture, as well as to certain aspects of the modern…
DetailsThe European Bank for Reconstruction and Development (EBRD) has lowered its forecast for Estonia’s economic growth this year by 0.2%, to 3.6%, citing poor corporate investment. The EBRD highlighted that following the investment-led strong gross domestic product (GDP) growth recovery of 4.9% in 2017, economic growth in Estonia slowed down to 3.5% YoY in the…
DetailsRoad builders in Balykchy city have not been paid their salaries for a long time and have gone on a strike. They have not received money since the summer. All work is suspended now. People placed equipment on the section of the bypass road to Balykchy. The Ministry of Transport and Road confirmed the information…
DetailsThe Ministry of Agrarian Policy and Food of Ukraine reports that Ukraine has exported 65.7 thousand tons of flour as of October 31, down by 57.6 thousand tons YoY. Since the start of MY 2018-2019 wheat flour shipments have amounted to 65.3 thousand tons, whereas other types of flour – 0.5 thousand tons. In MY…
DetailsSolvent banks in Ukraine in January-September received UAH 10.9 billion ($386.9 million) in profit, up 8-fold YoY (UAH 1.4 billion, or $49.7 million), according to the National Bank of Ukraine. Operating income of banks during the period under review increased by 20.3% at the expense of net interest and commission income, and expenses – by…
DetailsA meeting with Uzbek importers of potatoes will be held on November 2 at the Embassy of Kyrgyzstan in Tashkent, the press service of the Ministry of Agriculture, Food Industry and Land Reclamation of Kyrgyzstan reported. According to it, an association of potato producers of the northern region has been created in the republic. “This…
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