Azerbaijan: banks slash dollar sales in H1 2017

Azerbaijani banks sold $621.67 million in January-June, down 2.7-fold YoY, according to the report of the Central Bank of Azerbaijan (CBA).

Bank clients purchased 10.35 million pounds sterling, 126.58 million euros and 1.09 billion Russian rubles in cash over the six months of this year. (Trend/Business World Magazine)

Latvia: railway cargo decline significant

Latvia’s railway system is inefficient and needs to be changed so that it is possible to compete with other countries, because the tariffs Latvia has now are too high, said Baltic Association – Transport and Logistics President Inga Antane. Antane mentions experience of her colleagues: “Our colleagues in Germany made a very important political decision…


Ukraine: 16 FTA deals signed with 45 states over years of independence

Ukraine has concluded 16 free trade agreements over the years of independence, covering 45 countries, according to a report posted on Facebook by Deputy Minister of Economic Development and Trade and Ukraine’s Trade Representative Natalia Mykolska. The most extensive free trade agreement was concluded between Ukraine and the European Union (Deep and Comprehensive Free Trade…