Astarta in the 2017-2018 marketing year (MY, September-August) reduced sugar production by 8%, to 463,000 tons compared to the previous MY, the company’s press service has reported. According to its information, Astarta plants processed about 3.1 million tons of sugar beets. The reduction of sugar production is due to a lower than planned sugar beet…
DetailsThe State Enterprise Antonov, a part of the State Concern Ukroboronprom, continues to increase net income from product sales. The enterprise has increased its profitability 4-fold since 2015, the press service of Ukroboronprom reports. “In 2017 this figure, according to operational data, amounted to UAH 5.9 billion, up 1.6-fold YoY. Antonov also increased net profit,…
DetailsAccording to the preliminary data, Belarus’ gold and foreign exchange reserves totaled $6,477 million as of February 1, the Information and PR Department of the National Bank of the Republic of Belarus (NBRB) reported. In January the country’s gold and foreign exchange reserves went down by $837.9 million (11.5%). “The January decrease in Belarus’ international…
DetailsTrade turnover between Armenia and Switzerland grew 3.6-fold in 2017, Armenian Prime Minister Karen Karapetyan said at a meeting with Dominique de Buman, President of the National Council of the Swiss Confederation. “We should consistently build on our achievements in bilateral economic ties,” the PM said. “We are confident that Armenia may attract Swiss capital,…
DetailsThe Director of the Bishkek Heating and Power Plant, Andrey Voropayev, guarantees that the breakdown will not happen again. He said this at a meeting of the Bishkek City Council. The deputies asked about possibility of repetition of an extraordinary situation at the HPP. Andrey Voropayev assured that the probability was minimal. “Modernization of HPP…
DetailsThe state-owned enterprise Mariupol maritime Merchandise port (Donetsk region) handled 5.882 million tons of cargo in 2017, down by 15.5% YoY. The enterprise’s press service reported that over the period the port saw over UAH 186 million in net profit. “Among the difficulties that the port had to cope with in 2017 was the low…
DetailsIn January seaports of Ukraine handled 10.8 million tons of cargo, up by 10.9% YoY, says the press center of Ukrainian Sea Ports Authority. Transshipment of export cargo fell by 1.1%, to 7.8 million tons, including 1.5 million tons of metal (+21.2%), 26,300 TEUs of containerized cargo (+17%) and 3.1 million tons of grain (+1.1%).…
DetailsIn 2018 Tajikistan plans to increase the planted areas under oilseed crops to 46.73 thousand ha, up by 22.84 thousand ha YoY, the Ministry of Agriculture reported. According to the announcement, agrarians will plant grains in the autumn and spring planting campaigns throughout 145.34 thousand ha and 104.9 thousand ha, respectively. It was noted that…
DetailsThe National Bank of the Republic of Belarus (NBRB) has published a roadmap of the main objectives and strategic initiatives for 2018, according to the website of the bank. “The National Bank makes plans for its operations in line with the main objectives set in the Banking Code and the NBRB Statute. The planning system…
DetailsKazakhstan will launch a direct flight from its Atyrau city to Frankfurt. “Kazakhstan will implement new international flights from its regions. A regular direct flight from Atyrau city to Frankfurt will be launched on March 26. The flights will be operated on an Airbus-321 aircraft. The flights schedule will include 2 flights a week on…
DetailsThe Deposit Guarantee Fund of Ukraine has extended the terms of liquidation of PJSC BG Bank and PJSC Cambio, the Fund’s press service reports. “The Executive Directorate of the Deposit Guarantee Fund approved a decision to extend the term of liquidation of PJSC Cambio for one year, from March 2, 2018 until March 1, 2019…
DetailsThe Deposit Guarantee Fund continues payments to the depositors of JSC Delta Bank from February 5, the fund’s press service reports. “From February 5 till March 19 the Deposit Guarantee Fund will carry out payments to the depositors of JSC Delta Bank,” reads the report. According to the Deposit Guarantee Fund, to obtain deposit refunds…
DetailsBelarus aims to produce 6 tons in the average milk output per cow by 2020, Belarus’ Agriculture and Food Minister Leonid Zayats said during the session of the ministry on February 5. “Relying on science, building on the national and world experience, the dairy industry will take another development turn and dramatically improve its productivity…
DetailsLaying work of new station tracks started at the Eybat cargo train station in Qaradag district of Baku, said the message of the public-relations department of Azerbaijan Railways on February 5. A surge of cargo turnover is expected after the completion of large-scale projects carried out on the railways of the country, the message notes.…
DetailsVilnius Airport is launching a four-year, 60-million-euro major renovation of its passenger terminal to improve passenger service and increase the terminal’s capacity. “The terminal was designed to serve around 3.5 million passengers annually. This figure has already increased to 3.8 million over the past few years. This is why the decision was made to launch…
DetailsAverage wholesale market price of electricity on the wholesale market of Ukraine in 2017 grew by 2.9% or by UAH 209.95 per MWh compared with 2016, from UAH 1,315.03 to UAH 1,353.27 per MWh. According to the state-owned enterprise Energomarket, the average wholesale market price grew due to a rise in the average selling price…
DetailsInternational Monetary Fund (IMF) Resident Representative in Ukraine Goesta Ljungman says the IMF estimates the growth of Ukraine’s economy in 2017 at 2% and forecasts an increase by 3-3.5% in 2018. Ljungman said that there was a definite resumption of economic growth. “Last year it was 2%. In 2018 it will increase by about 3-3.5%,”…
DetailsThe 2019 state budget will not have free fiscal space, said chairman of Fiscal Discipline Council (FDC) Janis Platais. He mentioned that everything that was possible to promise had been promised. Because of that, the budget has no free funds. “If plans come up to increase funding somewhere, it will be necessary to reduce it…
DetailsBelarus and Armenia have a big potential to increase mutual trade, Belarus’ Prime Minister Andrei Kobyakov said at a one-on-one meeting with his Armenian counterpart Karen Karapetyan. According to Karen Karapetyan, last year the two countries increased trade by 20%. However, the two states can do much more. “There are more opportunities for trade growth.…
DetailsThe distribution networks of Severelectro OJSC in Bishkek operate in regular mode, the press service of the company reported. Electricity supply, which since January 26 has been carried out with interruptions due to breakdown at the heating and power station, has been stabilized. “The requests received by the Eastern and Western RES of Severelectro were…
DetailsThe sales of new cars in Ukraine in January increased by 40.6% YoY, to 6,620 units, which was a new post-crisis record for this month, according to AUTO-Consulting. According to analysts, such a rapid increase in sales was due to the exchange rate “fever”, which forced consumers to make faster decisions about the purchase of…
DetailsThe public joint-stock company Centrenergo cut electricity generation by 36.2% in 2017, to 6.285 billion kWh. According to data from the Energy and Coal Industry Ministry of Ukraine, generation by Vuhlehirsk thermal power plant (TPP) was 4.134 billion kWh (down by 15.3% YoY), Zmiyivska TPP – 1.322 billion kWh (-42%) and Trypillia TPP – 829.29…
DetailsBrandy production in Armenia grew by 39.4% YoY in 2017, the National Statistical Service reveals. 30 million tons of brandy were produced in the reporting period against the 21.5 million tons made in 2016. Volumes of wine, champagne and beer production grew in 2017 by 30%, 10% and 21% respectively. Vodka production, meanwhile, declined by…
DetailsFood production in Uzbekistan decreased by 6.7 % in 2017 and amounted to 23.1 trillion soums in value terms, the Uzbek Food Industry Holding reported. The food industry’s share in the total industrial production decreased from 20% in 2016 to 16% last year, the company said. At the same time, growth was observed in many…
DetailsBelarusian-Swiss train factory Stadler Minsk will roll out the first train for the Minsk metro in Q3-Q4, Deputy Operations Director at the state-run enterprise Minsk Metro Andrei Mikhailovsky declared. The four-car train will have two control cars (one at each end of the unit). It will be operated on line 2 at first and then…
Details