Ukraine: new high-precision multiple rocket launching system showcased at IDEX 2019

Ukraine’s state-owned defense industrial group, Spetstechnoexport, has unveiled for the first time the new model of high-precision multiple rocket launching system Vilkha at the international Defense exhibition IDEX 2019 in the UAE. According to a company statement, the new Ukrainian high precision multiple rocket launching system Vilkha with 300mm caliber missiles is considered one of…


Turkmenistan: transit cargo transportation from China to increase

Turkmenistan’s logistics potential in the field of transit cargo transportation has increased taking into account the commissioned Kazakhstan-Turkmenistan-Iran transnational railway. The foreign partners, including China, pay more attention to the transit potential of this route, which has become an important link in the North-South and East-West transport corridors. The total length of the China-Kazakhstan-Turkmenistan-Iran route…


Ukraine: trade with EU up in 3 years

Trade between Ukraine and the EU has increased by 60% in the past three years, President of Ukraine Petro Poroshenko said during his speech at the panel discussion “Security in Eastern Europe” within the framework of the Munich Security Conference. The president noted that Ukraine’s external trade with EU countries accounted for 43%. “Europe for…


Ukraine: real GDP up in Q4 2018

Real GDP of Ukraine increased by 3.4% in the fourth quarter of 2018 compared to the same period in 2017, the State Statistics Service of Ukraine has reported. Real GDP in the fourth quarter of 2018 increased by 1.1% QoQ (taking into account a seasonal factor), and by 3.4% compared to the fourth quarter of…


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…