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Kyrgyzstan: industry volume up in January-May 2019

Volume of industrial production has grown in Kyrgyzstan ,the Deputy Head of the State Committee for Industry, Energy and Subsoil Use Zhyrgalbek Sagynbaev declared. According to him, the figures increased due to Kumtor and Taldy-Bulak Levoberezhny fields. In addition, in January-May volume of production amounted to 104,029.1 billion soms. According to the ministry, 88 permits for blasting works were also issued...

Azerbaijan: Ganja Automobile Plant buying spare parts for vehicles from Russia’s KAMAZ

Ganja Automobile Plant has signed a contract with Russia's KAMAZ automobile plant for the supply of a major cargo of spare parts for vehicles. The contract was signed for the supply of spare parts worth 400 million rubles (about 10.68 million manats). The KAMAZ carmaker has 11 major automotive factories and auxiliary cycle divisions. KAMAZ trucks have been assembled in Ganja since...

Ukraine: gas price for population in autumn to remain the same

Prime Minister Volodymyr Groysman has said that there are no reasons for raising gas prices for the population this autumn. "Naftogaz is pumping gas at current prices. These are the lowest prices, so they cannot be raised, since gas reserves in storages at the beginning of the heating season will be set at 20 billion cubic meters," Groysman said. According to...

Ukraine: UAH 8 billion invested in energy efficiency measures

In Ukraine UAH 8 billion was invested in energy saving measures in the period from the end of 2014 to 2019, Chairman of the State Agency for Energy Efficiency and Energy Saving Serhiy Savchuk said at a press conference. "From the end of 2014 to 2019, the warm loan program has allowed investing UAH 8 billion in the insulation of...

Estonia: inflation at 2.4% in June 2019

Inflation was 2.4% YoY to June 2019, Statistics Estonia reports. Services saw a higher Consumer Price Index (CPI) rise than goods, 3.5%, compared with 1.8%. Regulated prices of goods and services rose by 0.8% and non-regulated prices by 2.9%. CPI rises were affected the most by food and non-alcoholic beverages, which comprised nearly 30% of the total increase of the index. The...

Uzbekistan: new contract for electricity supply to be signed with Afghanistan

Mutually beneficial cooperation between Uzbekistan and Afghanistan in electricity supply plays an important role in the development of bilateral relations. Uzbekistan and Afghanistan plan to have signed a 10-year contract for the electricity supply on "take-or-pay" terms by the end of October. A take-or-pay contract is a rule structuring negotiations between companies and their suppliers. With this kind of contract, the...

Kazakhstan: 50 MW solar plant capsule-laying ceremony held in Turkestan

Construction of a 50 MW solar power station has started in Sozak region of Turkestan region with support of Kazakh Invest National Company JSC. The region's biggest solar plant is expected to generate 114 million kW annually, Kazakh Invest reports. Foreign investor, Risen Energy, participates in the implementation of the project worth $60 million. Construction is expected to be completed in...

Ukraine: National Bank registers new payment system

The National Bank of Ukraine (NBU) has registered a new domestic payment system, the central bank's press service has reported. "The National Bank of Ukraine agreed the rules and registered the domestic payment system Lime Money," the report says. The payment organization of the domestic payment system Lime Money is Smart Finexpert LLC (Mykolaiv). Lime Money has become the twelfth domestic...

Ukraine: exports to Canada up in Q1 2019

In the first quarter of 2019, exports of Ukrainian goods and services to Canada amounted to $41.9 million, up by 48.8% YoY, the press service of the Economic Development and Trade Ministry wrote on Twitter. In particular, over the reporting period, Ukraine's exports of goods to Canada made up $27.2 million, up by 62.4%. The structure of Ukraine's exports of...

Armenia: exports up in May 2019

According to the National Statistical Service of Armenia, Armenia recorded a 11.7% growth of exports of goods in May 2019 against May 2018. Some types of the goods recorded double-digit rise of export in May 2019 against May 2018, as well as in the January-May of this year against the same period of 2018. Some types of goods that traditionally had...