Wage debts in Ukraine in April increased by 2.1% MoM, to UAH 2.474 billion, or $94.7 million, as of May 1. Delayed wages have grown by 4.4% since the beginning of the year, the State Statistics Service of Ukraine has said. Debts owed to employees of operating enterprises as of May 1, amounted to UAH…
DetailsTbilisi City Hall is launching a project of a gradual replacement of Soviet time residential flats, the so-called “khrushchovkas” in Tbilisi. Khrushchovka flats were built in the Soviet Union, in the early 1960s during the time of the leadership of their namesake Nikita Khrushchev. There are about 700 khrushchovka buildings in Tbilisi whose lifespan expired…
DetailsKazakhstan launched the construction of the Big Almaty Ring Road (BARR). The project envisages construction of a 66-km long bypass road around Almaty with six lanes. Intensity of traffic on the BARR is estimated at more than 38,000 cars per day. Along with the construction of the highway, the project provides for the construction of…
DetailsThe Belarusian engine manufacturer MMZ is expanding cooperation with Cuba. Prospects of cooperation and development of long-term relations were discussed as a Cuban delegation visited the Minsk-based company, the press service of the holding company Minsk Motor Plant (MMZ) reported. Working with Cuba is not something new for the Belarusian company. The first batch of…
DetailsAmobi Capital and Helios Royal Energy will be constructing solar power farms capable of producing 500 MW of solar power in Ukraine over the next three years and an additional 1 GW in 10 years. The construction will begin on the first 35 MW solar park in the Boguslav area this year. The first 4…
DetailsRevenues of the Pension Fund of Ukraine in the first quarter of 2018 grew by 32.2% YoY, amounting to UAH 44.261 billion. “The income of the Pension Fund of Ukraine totaled UAH 44.261 billion over the three months of 2018. Compared to the relevant period in 2017, revenues grew by UAH 10.785 billion, or by…
DetailsAbout 82% of financing approved by international development banks in the first quarter of this year for Tajikistan falls on the Asian Development Bank (ADB). “In Tajikistan the bulk of investments are accounted for the ADB’s $90 million loan in the transport sector,” according to the international development banks’ investment review for the first quarter…
DetailsAccording to information released by Statistics Estonia on May 30, this April the turnover of retail trade enterprises increased by 1% YoY at constant prices, totaling EUR 560.4 million. The turnover of stores selling manufactured goods increased by 7%. Turnover increased in most economic activities, except in stores selling second-hand goods and in non-store retail…
DetailsVTB Bank Kazakhstan started to issue MasterCard payment cards, the press service of the bank stated. The Bank’s own emission will open up new opportunities for customers. “MasterCard is one of the most popular payment systems in the world, with cards of which payments can be made in more than 210 countries. We issue MasterCard…
DetailsIn 2017 a bilateral trade between Ukraine and Germany increased by almost 23% YoY, Ukrainian President Petro Poroshenko said after a meeting with German President Frank-Walter Steinmeier, the press service of the head of the Ukrainian state informed. The head of the Ukrainian state stressed: “I can say that we’ve worked well in the economy.…
DetailsUkraine’s state and publicly guaranteed debt in April declined in dollar equivalent by $0.32 billion, or by 0.4%, to $77.05 billion as of April 30. The debt in the hryvnia equivalent over the period under review decreased by UAH 32.62 billion, or by 1.6%, to UAH 2.021 trillion, according to the Ukrainian Finance Ministry’s website.…
DetailsLindaliini AS, a company operating under the Linda Line Express brand, which used to operate a fast catamaran connection between Tallinn and Helsinki, expects to resume operations on the route by the end of June. Linda Line CEO Enn Rohula said that the company expected to conclude an agreement on the purchase of a new…
DetailsLatvia’s national airBaltic airline and Bombardier Commercial Aircraft have announced the signing of a procurement contract for 30 Bombardier CS300 aircraft with option to procure 30 more in the future. This order is an addition to the one signed for the provision of 20 CS300 aircraft. It also forms the foundation for airBaltic’s Destination 2025…
DetailsBelarus has sent the first commercial batch of beef to China, Aleksei Bogdanov, Head of the Central Office for Foreign Economic Activities of the Belarusian Agriculture and Food Ministry, declared. “A few days ago we sent the first container with beef using the Silk Road railway route to China. This is the result of hard…
DetailsTo date, US and Ukrainian corn are the most competitive products on the Chinese and other markets, but the absence of GM content is the major advantage of the latter, declared the Deputy of Ministry of Agrarian Policy and Food of Ukraine, Viktor Sheremeta. According to the official, Ukraine produces corn hybrids, but not GM-corn.…
DetailsIn January-April Ukrainian sugar confectionery production totaled 22 thousand tons, down by 3.1% YoY, the State Statistics Service of Ukraine reported.
According to the data, in April 5.5 thousand tons of sugar confectionery products were produced, down by 10.8% MoM and by 2.3% YoY. (UkrAgroConsult/Business World Magazine)
The International Monetary Fund (IMF) finds that the outlook for the Estonian economy is positive and growth will continue at close to 3.5% in the medium term, but noted that the biggest threat to this outlook was wage pressure not accompanied by growth in productivity. According to the IMF, external risks for Estonia are balanced…
DetailsIn January-April at least 7,752,922.2 billion soms were allocated from the republican budget for servicing the state debt, the Ministry of Finance reported. According to it, 3,642.9 billion soms were spent on external debt. About 4,109.9 billion soms have been allocated from the treasury to repay the internal debt. As of March 31, Kyrgyzstan’s state…
DetailsAzerbaijan may introduce a unified tax on salary, Taxes Minister Mikayil Jabbarov said. This issue is being discussed as part of amendments to Azerbaijan’s Tax Code, he added. “This issue is very important for all taxpayers,” Jabbarov said. “This step is aimed at reducing the tax burden and facilitating the taxation of salaries. The unified…
DetailsUkraine’s economy will manage to reach its pre-crisis level in 2021 if the GDP grows by 3-4% annually, First Vice Prime Minister – Economic Development and Trade Minister of Ukraine Stepan Kubiv said at the meeting of the National Investment Council. “The forecast for Ukrainian economy growth for 2018-2019 remains positive. According to the government’s…
DetailsProduction of vodka of an alcoholic strength by volume of 45.4% in Ukraine in January-April fell by 20.2% YoY, to 3.7 million deciliters, and brandy output dropped by 9.6%, to 591,000 decaliters. Vodka production in April was 1 million decaliters, up by 4.4% MoM and by 50.1% YoY, the State Statistics Service of Ukraine said.…
DetailsBelarus is ready to increase meat and milk supplies to China, Belarus’ Prime Minister Andrei Kobyakov said. “China is the world’s largest food importer. Experts predict the further growth of the Chinese meat and dairy market. Belarus is ready to offer high-quality and eco-friendly products to Chinese consumers,” Andrei Kobyakov said. China has been actively…
DetailsAccording to information released by Statistics Estonia, in the first quarter of 2018 the combined production of Estonian construction enterprises in Estonia and foreign countries increased by 21% YoY, while construction on the domestic market alone increased by 29%. In the first quarter the production value of construction enterprises amounted to EUR 559 million, of…
DetailsThe Prime Minister of Kyrgyzstan Mukhammedkaly Abylgaziev got acquainted with the construction of the section of Bishkek-Kara-Balta road in Sokuluk district of Chui region, the Information Support Department of the Government reported. “The road is one of the busiest in the republic. Taking this fact into account, its construction should be hastened. If necessary, the…
DetailsThe Board of the National Bank of Ukraine has decided to keep its key policy rate at 17%. Headline inflation decelerated to 13.1% YoY last month, according to the NBU’s press release. “This was a minor deviation from the NBU’s latest forecast, caused by the most volatile components and likely to vanish in the coming…
DetailsIn April Ukraine supplied 24.9 thousand tons of flour to foreign markets, which became the minimum monthly value in 2017-2018 MY, as well as down by 9% YoY (27.4 thousand tons). Decreasing of the interest in Ukrainian flour from its key consumer – North Korea, which did not received the supplies in March and April,…
DetailsEstonia’s Ministry of Justice has introduced a bill to amend the Commercial Code to resolve an issue that has in practice inhibited foreign investors from investing in Estonian private limited companies. Currently, e-residents have either founded or are shareholders in approximately 5,600 businesses registered in Estonia. So few e-residents have registered new businesses thus far…
DetailsAs technologies continue developing, the use of green energy gradually becomes more and more attractive to Latvian residents. The majority of respondents note that they may start using biomass (23%), solar batteries (22%) and even wind turbines (13%) in the next ten years, according to results of Baltic International Bank’s latest Latvian Barometer. When asked…
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