Economic growth in Ukraine picked up to 3.5% in the first half of 2018 supported by an early agriculture harvest, increase in domestic consumption due to higher wages and pensions and remittances. This is indicated in the World Bank’s Ukraine Economic Update as of October 4. According to the World Bank, Ukraine’s economic growth in…
DetailsThe Ministry of Energy and Coal Industry of Ukraine has compiled and approved the Forecast Balance of Electricity for 2019, according to which an increase in electricity exports from Ukraine is projected at 5.3%, to 6.42 billion kWh in the next year compared to the Forecast Balance for the current year of June 15. According…
DetailsRepresentatives of the Tarom Romanian airlines have presented in Odesa a new Bucharest-Odesa direct flight, which will be launched on October 31. “This is an important event for Romania and Ukraine, which contributes to strengthening of the cooperation between our countries, the development of many projects, communication and tourism. It takes 11 hours to travel…
DetailsIn September AS Tallink Grupp transported 730631 passengers, up by 0.9% YoY. The number of cargo units increased by 2.3%, to 33767 units, while the number of passenger vehicles decreased by 2.2%, to 83180 units. In the third quarter of the 2018 financial year (July – September) AS Tallink Grupp transported 2947610 passengers, up by…
DetailsCurrency reserves of the Central Bank of Azerbaijan (CBA) amounted to $5,534.5 million at the end of September 2018, up by $367 million or by 7.1% YoY, according to statistical data posted on the CBA website. CBA’s reserves increased by $31 million during September, while since early 2018 the figure has increased by $199.9 million.…
DetailsCoal buyers have overpaid UAH 15 billion, or $536 million, for the illegal use of the so-called “Rotterdam Plus” formula. “The other day, we got an economic report by specialists who concluded that the use of ‘Rotterdam Plus’ tariff was indeed unreasonably applied, the established amount of illegally charged funds received as a result of…
DetailsAbout EUR 880 million of investments have been attracted in the development of new renewable energy capacities in Ukraine since 2015, Head of the State Agency on Energy Efficiency and Energy Saving of Ukraine Serhiy Savchuk stated in his speech at the conference “Eco-Innovation and Green Entrepreneurship: Made in Ukraine”. “In general, about EUR 880…
DetailsA free trade deal signed between Georgia and Hong Kong this June will be sent to the Parliament of Georgia for ratification, the Prime Minister of Georgia Mamuka Bakhtadze announced. “The most important priority of our economic strategy is to better integrate Georgia into the global economy. I want to remind you that we are…
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