Turkmenistan remains a key natural gas holder in the center of Eurasia, an area, which has long failed to realize its huge potential due to geopolitical developments and economic changes. The total natural gas reserves of Turkmenistan are estimated at 50.4 trillion cubic meters. As many as 19 oil and gas-oil and 65 gas fields…
DetailsNext year, Estonia will see its largest defense budget so far. According to Minister of Defence Juri Luik (IRL), funding Estonia’s national defense continues to be a priority. The defense area accounts for about EUR 528 million in next year’s state budget, which is the largest defense budget in Estonian history, according to the Ministry…
DetailsRoad Transport Administration plans to speak with Riga and Pieriga administrations about the fractured public transport system in the region, says the administration’s chairman Kristians Godins. Organization for Economic Co-operation and Development has concluded that transport planning in Riga and its region is fragmented and does not reflect Riga region’s scale. OECD believes coordination among…
DetailsThe economic growth in Kazakhstan has amounted to 4.3% since the beginning of this year, the First Vice-Minister of the National Economy of Kazakhstan Ruslan Dalenov said on September 19 during a government meeting. “After the slight slowdown of 4% in July, the economic growth accelerated to 4.3% during the eight months of this year,…
DetailsUkraine’s gross external debt as of early July was $114.836 billion, up by 1.05% from the beginning of the year, according to the website of the National Bank of Ukraine (NBU). Since the beginning of the year, the gross external debt of the country has increased by 1.16%. According to the central bank, the debt…
DetailsNext year, the minimum wage will grow from UAH 3,200 to UAH 3,723 ($142). The minimum living wage per person will be UAH 1,700 from January 1, 2018, UAH 1,777 from July 1, and UAH 1,853 from December 1, 2018. Such a growth of social standards is stipulated in the draft Law of Ukraine “On…
DetailsAzerbaijan has purchased new artillery guns from the Czech Republic. The DANA self-propelled artillery guns of the Czech production have been delivered to Azerbaijan and are being used in large-scale exercises involving various branches of Azerbaijani Armed Forces, the Defense Ministry reported on September 18. First introduced in 1977, DANA systems have a firing range…
DetailsIn August Latvian airline airBaltic carried 386,597 passengers, up by 21% YoY. For the third consecutive month the airline has been steadily exceeding its passenger transport results. In the first seven months of 2017, the airline carried a total of 2,345,371 passengers to destinations in Europe, Scandinavia, Russia, CIS and the Middle East. In August,…
DetailsAzerbaijan’s Ministry of Finance has submitted the state budget drafts for 2018 to the Cabinet of Ministers, the ministry said on September 18. Draft state budget and draft consolidated budget for 2018, as well as consolidated budget indicators for the next three years, were submitted to the Cabinet of Ministers. Azerbaijani state budget revenues for…
DetailsUkraine has received proposals to buy back 2019 eurobonds for $1.161 billion and 2020 eurobonds for $415.152 million and chosen to accept all of the bonds validly tendered for repurchase, the issuer has reported on the Irish Stock Exchange (ISE) on September 18. “The offeror hereby announces that the total final acceptance amount is equal…
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