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Ukraine: vehicle manufacture up in January-November 2017

Production of motor vehicles in Ukraine rose by 67% YoY in January-November, to 7,654 units, according to the Ukrautoprom Association. In particular, the number of manufactured passenger cars grew by 72.2%, to 6,544 units, while the production of commercial vehicles fell by 22.7%, to 423 units. At the same time, the number of buses manufactured over the period under review...

Latvia: Aldaris commences exports to France, China and the Netherlands

Aldaris concludes 2017 with three new contracts, commencing exports of products to China, France and the Netherlands. Until now Aldaris has exported products to eight markets, with the largest being United Kingdom, taking up 78.71% of Aldaris export volume, as reported by the company. Aldaris board member Sigita Ozola comments: “We are truly satisfied with our new export markets. Although...

Belarus: electricity consumption to grow

Electric energy consumption in Belarus is projected to increase by 3 billion kilowatt-hours by 2020, Belarusian Deputy Energy Minister Vadim Zakrevsky announced. "Under the optimistic scenario, electricity consumption will reach some 40 billion kWh by 2020, growing by 3 billion kWh from 2017. This increase includes 2 billion kWh to be used by the real economy and households, and 1...

Estonia: Riigikogu adopts 2018 state budget

The Riigikogu has adopted the 2018 State Budget Act, according to which Estonia's state budget will exceed EUR 10 billion for the first time. The budget was passed in the 101-seat chamber in the third and final reading with a 55-41 vote. The size of expenditures and investments set out by the budget is EUR 10.58 billion, with an expected income...

Ukraine: airlines increase passenger traffic in January-November 2017

Ukrainian airlines in January-November increased passenger traffic by 29.6% compared to the corresponding period of 2016, to 9.826 million people. According to the data from the State Aviation Service of Ukraine, during the reporting period Ukrainian airlines increased international passenger traffic by 30.8%, to 8.967 million people. Passenger traffic through the airports of Ukraine rose by 28.8% and amounted to 15.253...

Ukraine: talks with Ryanair coming to an end

Infrastructure Minister Volodymyr Omelyan says that ongoing negotiations with the Irish low-cost airline Ryanair are coming to an end, as a new agreement with Boryspil Internarial Airport has been reached. "I believe that Ryanair will enter the Ukrainian market, our negotiations are coming to an end. We have managed to find a consensus with Boryspil airport, as with Lviv airport,...

Estonia: EVR Cargo not to finish 2017 with profit as hoped

While Estonian state-owned rail cargo operator EVR Cargo has estimated this spring that it would finish the year with a profit, the company now says that this will not be the case after all. The cargo operator's October and November net profit totaled EUR 719,000. Due to low goods volumes during the previous three quarters as well as a delayed...

Belarus: Amkodor to help Russia’s Bashkortostan master modern forest harvesting technologies

The Belarusian mechanical engineering company Amkodor and the government of Russia's Republic of Bashkortostan have signed an agreement on introducing and developing modern automated forest harvesting technologies in the republic, according to the Amkodor website. The document was signed during the first interregional forum on developing Bashkortostan's northeast. Amkodor representatives took part in the forum. Representatives of the Belarusian private sector...

Kazakhstan: KTZ launches mobile ticket app

JSC NC Kazakhstan temir zholy has launched www.rail-travel.kz and mobile application ktjportal where passengers can purchase train tickets and access information about the company's services. According to KTZ, users can buy tickets for the trains with or without e-check-in, join a waiting list if tickets are not available for the chosen destination, as well as return previously purchased electronic tickets. The...

Ukraine: Yaroslavsky submits documents to NBU seeking approval of PIB purchase

The owner and president of DCH Group Oleksandr Yaroslavsky has submitted a package of documents to the National Bank of Ukraine (NBU) seeking the approval of the acquisition of Prominvestbank (PIB, Kyiv), Deputy NBU Governor Kateryna Rozhkova has said. "On December 8 late in the evening the package of documents from Yaroslavsky arrived. Earlier we had only a letter of...