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Georgia: BTK project changes transport map

The Baku-Tbilisi-Kars (BTK) railway project has changed the transport map of Georgia, Prime Minister Giorgi Kvirikashvili said. He made the remarks addressing the 'Strategic Outlook: Eurasia' panel at the World Economic Forum in Davos on January 23. Kvirikashvili said that the international projects being implemented and the geographic location of Georgia formed the basis and at the same time added value...

Ukraine: industrial production down in 2017

Industrial production in Ukraine in 2017 decreased by 0.1% compared to 2016, and in December 2017 it dropped by 0.5%, the State Statistics Service said. The authority said that with the adjustment to the effect of calendar days industrial production in December 2017 increased by 0.4% YoY. In comparison with the previous month in December 2017 industrial production grew by 1%,...

Ukraine: Kyiv Metropoliten announces tender to build subway to Vynohradar area

Kyiv Metropoliten has announced a tender for the construction of a section of the Syretsko-Pecherska metro line from the Syrets station to the Vynohradar residential area. According to the announcement in the ProZorro system, it is planned to build a section with an electric depot in Podilsky district (from the Syrets station to the Prospekt Pravdy station with the two...

Belarus: prerequisites for GDP growth in 2018 named

Valery Belsky, Director of the Institute of Economics of Belarus' National Academy of Sciences, named the prerequisites for the country's GDP growth in 2018. According to him, in 2017 Belarus' GDP went up by 2.4% versus the expected 1.7% increase. It stands to reason that the uptrend will continue in 2018, he believes. In particular, the investments in the Belarusian...

Kyrgyzstan: National Bank to ban payments with mobile phones

After almost five months of discussion, the National Bank of Kyrgyzstan decided to prohibit payments made with mobile phones, the Executive Director of the Association of Communications Providers Aibek Kurenkeev declared at a press conference on January 23. According to him, the Association opposes restrictions initiated by the National Bank to the development of non-cash mobile payments and digital transformation...

Uzbekistan: second railway in Afghanistan to be built

Afghan President Mohammad Ashraf Ghani and Uzbek Deputy Prime Minister and Finance Minister Jamshid Kuchkarov discussed the construction of the Mazar-i-Sharif-Herat railway in Kabul. "The project has been evaluated," Kuchkarov said. "Negotiations on project financing are currently underway with Uzbek commercial banks and the Asian Infrastructure Investment Bank." The construction of the railway will be of great importance for Afghanistan and...

Ukraine: loans and grants to small businesses to restrain outflow of labor

Ukraine is holding talks with the European Commission and the European Investment Bank to implement a broad program for granting loans and grants to small and medium-sized businesses in order to minimize the outflow of Ukrainians to work abroad, Ukrainian Foreign Minister Pavlo Klimkin has said. "We are now working with the European Commission and the European Investment Bank that...

Ukraine: banks remain optimistic about growth of lending to SMEs and public

Ukrainian banks maintain positive expectations regarding the growth in lending to small and medium-sized enterprises (SME), as well as the population over the next 12 months, according to the report "Credit Conditions Survey" posted on the website of the National Bank of Ukraine (NBU). According to the central bank, 72% of the banks surveyed expect an increase in the corporate...

Estonia: Port of Tallinn announces auction for equipment and structures of coal terminal in Muuga Harbor

Port of Tallinn is announcing an auction for the equipment and structures of the coal terminal located in Muuga Harbor. The equipment and structures of the coal terminal located on registered real estate No. 10033802 and No. 13352702 that belong to AS Tallinna Sadam constitute the object of the auction. The list of the objects of auction is included in the...

Belarus: development potential of cement plant noted

OAO Belarusian Cement Plant, a part of the holding company Belarusian Cement Company, has a serious potential for development. Belarusian Economy Minister Vladimir Zinovsky made the statement as he met with the cement plant employees on January 20. According to Vladimir Zinovsky, during the tour of the plant he was made familiar with its work and saw that the enterprise...