Mutual communication and information exchange among businesses working in the industry is the pre-condition for improvement of Latvia’s transit industry, said Transport Ministry’s state secretary Kaspars Ozolins at a meeting of the Logistics Council. The Logistics Council discussed the situation in the transit and logistics industry, as well as predictions and proposals for improving competitiveness.…
DetailsIgor Shustov, first deputy chairman of the Belarusian state food industry concern Belgospishcheprom, commented on the situation regarding Belarus’ sugar export to Russia. “There have been no official complaints. We have been working on the Russian market year in, year out, on the basis of mutual understanding with our Russian colleagues. We got everything organized…
DetailsDuring the recent party hearings on the implementation of the State Program for Industrial and Innovative Development, the Investment and Development Minister of Kazakhstan Zhenis Kasymbek summarized the activities of the State program of industrial-innovative development. “To date, Kazakhstan not only provides the country with domestic products, but also enters foreign markets. The volume of…
DetailsPrices for natural gas should not depend on any political figures or factors, Naftogaz Ukrainy Head Andriy Kobolev believes. “We can talk about different mechanisms of pricing, we can talk about hubs, the domestic market or other principles, but we need to clearly understand the main requirement of Western partners, with which we completely agree…
DetailsThe Ukrainian Finance Ministry attracted UAH 645.653 million to the state budget at a weekly scheduled auction on T-bills placement, according to the ministry’s website. UAH 200.888 million was attracted as a result of placement of bonds in the national currency with a 1-year maturity period and a weighted average yield of 14.35% per annum,…
DetailsAccording to the information released by Statistics Estonia on September 20, the producer price index of industrial output increased by 0.8% MoM and by 4.7% YoY. Compared to the previous month, the producer price index in August was affected more than average by an increase in prices in the manufacture of electronic equipment, in electricity,…
DetailsPrime Minister Juri Ratas (Center) met with Vice-President of the European Commission Maros Sefcovic to discuss energy infrastructure projects, the Clean Energy package and other energy sector-related matters. Ratas and Sefcovic opened the meeting by discussing the synchronization of Baltic power systems with Poland and Europe. “The synchronization of Baltic power systems needs to meet…
DetailsThe Belarusian economy will be able to reach the targeted gross domestic product (GDP) figure this year, Belarusian Economy Minister Vladimir Zinovsky declared. “We should definitely fulfill the commitments undertaken by the government – GDP as high as 101.7%. Now the figure stands at 101.6%, but it doesn’t mean it cannot go lower, for instance,…
DetailsAccording to the Minister of Investments and Development of Kazakhstan Zhenis Kassymbek, Kazakhstan will resume grain supplies to Norway. Speaking at the plenary session of Mazhilis, Kassymbek noted that even though the trade turnover between the two countries was low right now, there was a 53% increase in automobile transportation and the ministry saw prospects…
DetailsTurkmenistan is known worldwide for its huge oil and gas reserves, however it is not the only resource which brings the country most of its income. One of the primary exports items of Turkmenistan has traditionally been cotton. Cotton is equalized to gold as it is widely used in various industrial branches, including textile, food,…
Details