The Central Bank of Azerbaijan (CBA) sees the potential for further reduction of the discount rate, Chairman of the CBA Elman Rustamov declared. Rustamov said the monetary regulator (CBA) this year had done much in this direction. “Nevertheless, external risks have recently intensified, in particular, those related to volatility of the national currencies in a…
DetailsYildirim Holding, a Turkish company, plans to launch soda ash production in Zhambyl region. In December 2017 Head of State Nursultan Nazarbayev had a meeting with Robert Yuksel Yildirim, CEO at Yildirim Holding, at the EXPO Congress Center in Astana. The meeting participants discussed prospects for investment projects in the chemical industry of Kazakhstan. In…
DetailsIn parallel with late cereals and legumes harvesting Kiev region has begun sugar beet harvesting. As of September 13 in Kiev region agrarians started late cereals, legumes and technical crops harvesting, Kyiv Regional State Administration reported on its Facebook page. That 36.9 thousand tons of sugar beet have been harvested with the average yield of…
DetailsUkraine boosted exports of poultry meat and offal to 184,600 tons January through July, up by 8.9% YoY. Today Ukraine ranks 7th in terms of exports of broiler meat among the countries that sell this product abroad, the press service of Ukraine’s Ministry of Agrarian Policy and Food has said. The largest importers are Japan,…
DetailsDuring an extraordinary meeting, members of Ogre County Council supported creation of an egg and egg product plant in Madliena Parish, which had been picked by a Ukrainian investor as a location for the plant. The municipality has received an application from SIA Gallusman board chairman Arnis Veinbergs with information regarding the plans of Ukrainian…
DetailsMore than 3.3 million shipments weighing over 275,000 kilograms were processed in the transit center of Azerpost LLC and sent to 15 countries in the first seven months of 2018, Ministry of Transport, Communications and High Technologies reported. The postal operator delivered them to the U.S., Germany, Austria, Belarus, Great Britain, Czech Republic, France, Iran,…
DetailsSZAO BelGee intends to have increased car output up to 1,400 cars per month by the end of the year, the company’s Acting Director General Gennady Svidersky reported. At present BelGee makes 50 cars every eight-hour shift or 1,000 cars per month. The executive said: “From the point of sales we have to raise the…
DetailsThe National Bank of Ukraine (NBU) has reported how much foreign currency it gas sold to prop up the hryvnia, Ukraine’s national currency. The NBU’s forex sales on the country’s interbank forex market in August exceeded purchases by $621.3 million, the bank said on its official website. The central bank conducts forex interventions on the…
DetailsThe price of natural gas for industry and households in Ukraine is likely to grow after negotiations with the International Monetary Fund (IMF), Ukrainian Energy and Coal Industry Minister Ihor Nasalyk has said. “What will be the outcome of negotiations? The premier has already announced that we cannot conduct unconstructive talks with the IMF. There…
DetailsAzerbaijani President Ilham Aliyev has signed an order to provide funds for the construction of Bujag-Mukhas-Bash Dashagil road in Oghuz region.
Under the presidential order, the Azerbaijan Highway State Agency is allocated 9.4 million manats for the construction of the road connecting four residential areas with a total population of 4,000 people. (AzerNews/Business World Magazine)
Changes implemented to Tartu-Helsinki flight schedules this April have not had a positive impact on passenger numbers at Tartu Airport. While August 2016 saw nearly 2,800 passengers on flights served by Tartu Airport, just 2,003 passengers flew on the airport’s Tartu-Helsinki-Tartu route last month. Over the past two years, the decline in passenger numbers has…
DetailsAs of September 13 Kostanay region has harvested only 1.7 million ha of grain crops, or about 43% of the total amount. 4,997 farm producers work in Kostanay region to sow 3,937,600 ha of cultivated area. More than 62,000 units of equipment are involved in reaping the harvest. The harvesting campaign is falling behind the…
DetailsUkraine’s Ambassador to Belarus Igor Kizim expressed confidence in further dynamic development of economic cooperation with Belarus as he spoke at an event to mark the 27th anniversary of the independence of Ukraine. According to the diplomat, Belarus and Ukraine maintain active dialogue at the governmental and regional levels. In his words, there is no…
DetailsToday the food industry of Ukraine covers nearly 90% of the domestic consumer market with the quality food products. Moreover, the industry plays an important role in the foreign trade, forming more than 50% of the turnover of the agricultural area of Ukraine, declared the deputy minister of agrarian policy and food of Ukraine on…
DetailsThis year Russia has significantly increased imports of tomatoes to about 410,000 tons, up by 17% YoY. At the same time, Uzbekistan distinguished itself as one of the most significant contributions to the growth of supplies. The country increased the export of fresh tomatoes to Russia 3-fold in H1 2018. In the first six months…
DetailsPort of Tallinn (AS Tallinna Sadam) says its shares have been listed on the OMX Nasdaq Tallinn Stock Exchange in the Baltic Main List since June 13. The trading symbol of the shares is TSM1T and the number of common shares outstanding is 263,000,000, of which 176,295,032 (67,03%) is owned by the Republic of Estonia…
DetailsAccording to the results of January-July there is $705.7 of state debt of Kyrgyzstan per capita. The debt burden increased by $0.7 MoM. According to the Ministry of Finance, as of July 31, the debt amounted to $4,415.26 billion or 300,502.46 billion soms. About $3,808.03 billion (259,074.27 billion soms) of the sum is the external…
DetailsThe debts owed by Ukrainian banks to the National Bank of Ukraine (NBU) for refinancing loans amounted to UAH 60.303 billion, or $2.15 billion, as of September 1, up by 2.9% YoY. At the same time, the banks’ debts for refinancing have shrunk by 12.2% since the beginning of the year, the NBU has said…
DetailsInflation in Ukraine in August in annual terms, compared to August 2017, was recorded at 9%, accelerating from 8.9% a month earlier. At the same time, prices did not increase against July after a negative trend at -0.7% July to June, the State Statistics Service reported. Compared to December 2017, prices increased by 3.6%. According…
DetailsArmenia and Georgia have agreed to expand trade to $1 billion in the coming years, Prime Minister Nikol Pashinyan told a joint press conference with his Georgian counterpart Mamuka Bakhtadze. Pashinyan said the two parties needed to have a roadmap to “move towards that goal and accomplish the task”. Trade between Armenia and Georgia amounted…
DetailsAccording to the results of the first eight months of 2018, the growth of gross domestic product (GDP) in Kazakhstan amounted to 3.8%, Minister of National Economy Timur Suleimenov revealed. While addressing the government’s session, minister Suleimenov noted that the positive trend of economic growth in Kazakhstan had persisted in January-August. “At the same time…
DetailsIn January-July Belarus’ export of goods and services went up by 18.8% YoY, to reach $23.7 billion, according to the statistical data published on the website of the National Bank. The foreign trade in goods and services made up $47.1 billion, up by 20.1%. The export totaled $23.7 billion, and the import exceeded $23.3 billion…
DetailsIn the first two months of the current season (July-August), Ukrainian yellow onion exports grew 17-fold YoY. In the first two months of the season 2018-2019 Ukrainian yellow onion exports grew almost 17-fold compared to the last year and totaled 5,700 tons. It was the largest onion export in recent seasons for this period of…
DetailsUkrainian Infrastructure Minister Volodymyr Omelyan has said that PJSC Ukrzaliznytsia will not sustain financial losses in the event of termination of railway services with Russia. “These eight trains, which now run in the Russian direction, could have become a significant relief for Ukrainian citizens who want to travel inside the country. They would generate at…
DetailsAfrican swine fever (ASF) has devastated pig farming in Estonia. Only 14% of the number of farms in 2014 remains, says UK daily The Guardian, with small-holdings especially ravaged. Over the four years, the number of pig farms apparently has fallen from 920 to 125. By law, even one ASF case means the slaughter of…
DetailsTransport Minister Rokas Masiulis says that Latvians’ demand that Lietuvos Gelezinkeliai (Lithuanian Railways, LG) pay them over 82 million euros for the dismantling of a railway track to Renge a decade ago has come as a surprise to him and more: it was “a stab in the back”, according to him. LG said that it…
DetailsFreight volume handled in the Port of Liepaja in January-August climbed by 19.3% YoY, to 4,976,200 tons, the Port Authority says. In the reporting period, transshipment of grain grew by 42%, to 2,066,500 tons, construction materials – by 10%, to 482,100 tons, while transshipment of oil products fell by 16.5%, to 222,900 tons. Container traffic…
DetailsUkrainian President Petro Poroshenko congratulated workers of the oil, gas and oil refining industry on their professional holiday on September 9. The letter of congratulations was posted on the website of the head of state. “I sincerely congratulate you on your professional holiday. Increasing our own extraction of hydrocarbons and production of high-quality fuel, efficient…
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