Ukraine: capital investment up in 2018

Last year, the growth of capital investment in Ukraine was almost 20%. “Inflation slowed down to a single digit level, and the growth of capital investments was almost 20%. Last year, 957 industrial and production facilities were repaired and reconstructed, giving new products and new jobs,” Ukrainian Prime Minister Volodymyr Groysman said at the Cabinet’s…


Kazakhstan: foreign trade turnover up in 2018

Kazakhstan’s foreign trade turnover in 2018 comprised $93.5 billion, up by 19.7% YoY, the Statistics Committee of the National Economy Ministry reported.

The volume of export in the reporting period made $67 billion (+25.7%) and import was $32.5 billion (+9.9%). (Kazinform/Business World Magazine)

Lithuania: Vilnius adopts 2019 budget

The City Council of Vilnius has adopted the Lithuanian capital’s budget for 2019, with expenditure exceeding revenue by 5 million euros. The city’s revenue is expected to grow by 3.5% this year compared with 2018, to 611.717 million euros. Total revenue, including EU support and funds carried over from last year, is projected at 679.4…


Ukraine: foreign exchange reserves at $21 billion

The international foreign exchange reserves of Ukraine amount to more than $21 billion, President of Ukraine Petro Poroshenko said at the All-Ukrainian Public Forum “Open Dialogue” in Kyiv. “In 2014-2015, the level of foreign exchange reserves amounted to $5 billion, and payments amounted to $7 billion. The threat of Ukraine’s bankruptcy seemed inevitable. Today, the…


Estonia: Nordica passenger numbers up in 2018

The number of passengers carried by Nordic Aviation Group AS, Estonia’s national airline operating under the Nordica brand, increased by 22% YoY, to 760,000 in 2018. Nordica route network manager Mart Sibrik said that 680,000 passengers, representing the lion’s share thereof, flew on the Tallinn route network, while the remaining passengers were served on domestic…


Kazakhstan: pork exports to grow

Although most forecasts indicate that Kazakhstan’s pig industry is heading for extinction, the Kazakh Union of Pig Farmers has recently adopted a development program targeting a significant increase in production capacities with export opportunities. In the plan, Russia and China would be the main targets of the exports. By 2025, the Kazakh Union of Pig…