One of the leading cosmetics producers in Latvia – Kinetics Nail Systems – has received a significant amount of funding from Nordea Bank. EUR 400,000 will be used to refinance standing commitments and provide turnover funds. “This year’s funding from Nordea Bank will be used for the development of new formulae, expansion of products offered…
DetailsThe Finance Ministry of Ukraine intends to allocate over UAH 150 billion for road construction in 2018-2020, Finance Minister Oleksandr Danyliuk said at a press conference dedicated to the issue of a budget resolution up to 2020. “Resources should be found for the development of infrastructure because this will contribute to economic growth. Therefore, we…
DetailsBelarus’ National Bank will unify the methods of calculating the gold and foreign exchange reserves, the information and public relations department of the National Bank reported. As of July 1, the status of the gold and foreign exchange reserves will be characterized by a single indicator – the value of the International Reserve Assets (IRA)…
DetailsDuring the Innovation Summit within the Astana Economic Forum, Kazakh Prime Minister Bakytzhan Sagintayev said that Kazakhstan has removed all the trade barriers with China. “Of course, to enter the Chinese market it is not enough to have a desire only. We agreed with China for almost all the main types of agricultural products, except…
DetailsThe National Commission for Energy, Housing and Utilities Services Regulation (NCER) has decided to issue a license to supply natural gas to Trafigura Ukraine LLC, a Ukrainian subsidiary of Trafigura global commodity trader. “I propose to congratulate Trafigura Ukraine as one of the largest global energy commodity traders on receiving the license and getting the…
DetailsPublic joint-stock company Ukrzaliznytsia has proposed to business to arrange the new principles to form tariffs for cargo transportation for the period of three or five years, starting from 2019. The press service of the company reported that the proposal was presented by company representatives on June 9 at a meeting in the American Chamber…
DetailsIn January-May Tajikistan imported 360 thousand tons of wheat (at the average price of $224 per ton), down by 23.8 thousand tons YoY, the Ministry of Economic Development and Trade reported. According to the official figures, the sum of imported wheat totaled $75.8 million. In the reporting period the imports of flour totaled 23.4 thousand…
DetailsAccording to the Customs Control Committee at the Ministry of Finance of the Republic of Kazakhstan, in July-April of 2016-2017 MY the shipments of Kazakh flour to China totaled 10.1 thousand tons, up by 145% YoY, and up 12-fold from July-April of 2014-2015 MY. At the same time, such growth figures moved China to the…
DetailsSince the beginning of the season (July 1, 2016), and as of June 13 Ukraine exported 42.3 million tons of grains, up by 4.8 million tons YoY, the Ministry of Agrarian Policy and Food of Ukraine declared on June 14, with reference to the State Fiscal Service. In particular, Ukraine supplied 19.7 million tons of…
DetailsThe legislative draft, which is intended to ratify the agreement for the formation of Rail Baltica railway connection in Estonia, Latvia and Lithuania, was supported unanimously by Saeima’s Foreign Affairs Committee on June 14. The goal of the agreement is ensuring effective and quick establishment of European railway line for passenger and cargo transports on…
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