Georgia: EBRD gives $60 million to co-finance construction of Kvesheti-Kobi tunnel

The European Bank of Reconstruction and Development (EBRD) has approved $60 million to co-finance the construction of the 9-km long Kvesheti-Kobi tunnel, which forms a part of the North-South corridor. The Roads Department of Georgia reports that the Asian Development Bank (ADB) has already allocated $415 million for the construction of the Kvesheti-Kobi road and…

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Azerbaijan: innovation strategy in development

According to Azerbaijani President Ilham Aliyev’s instruction, an innovation strategy is being developed in the country and coordination in the field of innovative development is being increased through the involvement of reputable international consultants, Executive Director of the Azerbaijani Center for Analysis of Economic Reforms and Communications Vusal Gasimli has said. Gasimli made the remarks…

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Ukraine: poultry producers to enter Chinese market in 2019

Ukraine’s Deputy Minister of Economic Development, Trade and Agriculture Taras Kachka has said Ukrainian poultry producers may enter the Chinese market before the end of 2019. “Ukraine’s government officials are working with their Chinese counterparts on beginning poultry exports to China, according to Taras Kachka, Ukraine’s deputy economy minister. He was optimistic that an agreement…

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Ukraine: public debt down in August 2019

Ukraine’s public and publicly guaranteed debt amounted to UAH 2.067 trillion or $81.92 billion as of August 31, the Ukrainian Finance Ministry reported. According to the report, public and publicly guaranteed foreign debt amounted to UAH 1.251 trillion, or $49.57 billion, whereas public and publicly guaranteed domestic debt stood at UAH 816.26 billion, or $32.35…

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