Ukraine: Kyiv International Airport passenger flow up in January-October 2018

Igor Sikorsky Kyiv International Airport (Zhuliany) serviced 2.424 million passengers in January-October, up by 56.3% YoY, the airport’s press service reports. The number of passengers serviced on international flights totaled 2,351.2 thousand, and on domestic flights – 73 thousand. The number of flights in January-October included 25,904 both arrivals and departures, up by 32.9% (of…


Estonia: electricity prices not too high

According to Taavi Veskimagi, CEO of the Estonian state-owned transmission system operator (TSO) Elering, the current low price of electricity does not allow for investments. Veskimagi said that the current quarter’s price jump to more than EUR 40 per megawatt-hour was rather an anomaly, and electricity prices were forecast to return to EUR 40 or…


Ukraine: inflation up in October 2018

Consumer inflation in Ukraine in October accelerated to 9.5% in annual terms, according to the press service of the National Bank of Ukraine (NBU). “In October consumer inflation accelerated to 9.5% YoY (8.9% YoY in September). In the monthly measurement, prices rose by 1.7%,” reads the report. As expected, the fundamental inflationary pressure remained significant,…


Kazakhstan: economy up in January-October 2018

Kazakhstan’s GDP grew by 4.1% YoY in January-October, Minister of National Economy Timur Suleimenov announced. “In January-October the economy of Kazakhstan maintained a positive growth trend. GDP growth in the period under consideration reached 4.1%. The major factors of economic growth were a high investment activity, slowdown in inflation, and a production increase in the…


Georgia: Washington hosts wine events

Washington is hosting the “First vino Forum of America” on November 11-13. The three-day event includes a “Saperavi Festival” and Georgian wine tasting events. The forum will end with a scientific conference, which will be dedicated to Georgian wine culture and history. The United States is one of the growing export markets for Georgian wine.…


Lithuania: ruling party leader-related company pledges to stop buying fertilizers from a Russia-affiliated company

Agrokoncernas, a business group owned by Ramunas Karbauskis, leader of the ruling Lithuanian Farmers and Greens Union, has pledged to stop buying fertilizers from Russia company Minudobreniya as its key shareholder Arkady Rotenberg is subject to international sanctions. Agrokoncernas imports fertilizers from Minudobreniya via an intermediary in Dubai, although the company does not disclose, which…


Kazakhstan: new airline route to be launched

For the first time ever Kazakhstan’s SCAT air carrier plans to launch a new airline route to the capital of Tajikistan, Dushanbe, from Astana city, the company’s Facebook account reads.

Astana-Dushanbe-Astana flights will be performed twice a week on Fridays and Sunday by CRJ 200 craft from December 14 this year. (Kazinform/Business World Magazine)