Ukraine: cargo water transportation down in January-November 2018

In January-November, water transport of Ukraine carried 5.3 million tons of cargo, down by 2.1% YoY, says State Statistics Committee of Ukraine.

Cargo turnover fell by 20.8%, to 3,155.1 million ton-km.

All types of transport carried 517 million tons of cargo (-1.5%). (PortNews/Business World Magazine)

Uzbekistan: UAE company to buy securities of second largest bank

UAE-based investment company Frontera Capital will acquire securities of O’zsanoatqurilishbank. The delegation of O’zsanoatqurilishbank visited the United Arab Emirates, where the parties signed the agreement on development of cooperation. The document provides for raising $50 million using investment and credit instruments. The agreement also provides for the sale of securities of the Uzbek bank to…


Georgia: GDP by regions in 2017

The largest share of gross domestic product (GDP) of Georgia by region was held by the capital city of Tbilisi (50.1%), followed by the regions of Imereti (10%), Adjara (8.9%), Kvemo Kartli (8.2%) and Samegrelo-Zemo Svaneti (6.4%). Overall, the GDP of Georgia at current prices in 2017 amounted to 37.84 billion GEL, says the regional…


Ukraine: first official flight from Mykolaiv to Kyiv rescheduled due to low demandUkraine: first official flight from Mykolaiv to Kyiv rescheduled due to low demand

The first official fight from the city of Mykolaiv in the south of Ukraine to the capital city of Kyiv, which was scheduled for December 22, was postponed due to low demand. “The first flight was rescheduled for December 26 over the low percentage of sold tickets. There was not enough time for people to…


Kazakhstan: ice storm delays flights in Aktau

At least eight flights have been delayed due to poor weather conditions.

In particular, delayed were flights from Astana, Astrakhan, Moscow, Istanbul and Atyrau and flights bound for Aktobe, Atyrau, Almaty, Astana, Shymkent and Astrakhan, the press service of the Aktau International Airport informs. (Kazinform

Ukraine: flour exports down in 2018

The Ministry of Agrarian Policy and Food of Ukraine reports that Ukraine has exported 112 thousand tons of flour by December 19, down by 101.7 thousand tons YoY. Since the start of MY2018-2019, wheat flour shipments have amounted to 111.5 thousand tons, whereas other types of flour – 0.6 thousand tons. In MY2017-2018, flour exports…


Ukraine: shadow economy down in H1 2018

The share of Ukraine’s shadow economy totaled 32% of GDP in the first half of 2018, down by 3% YoY, the press service of the Economic Development Ministry reports. According to the ministry, the shadow economy in Ukraine declined due to maintaining macroeconomic stability, creating favorable conditions for doing business in Ukraine and preserving the…


Georgia: economic performance strong

Georgia’s economic performance remains strong, but downside risks to the outlook have increased, reads the third review of the International Monetary Fund (IMF) of Georgia’s performance under the 3-year Extended Fund Facility (EFF). The executive board of the IMF completed the third review on December 19. The completion of the review will release about $41.6…