Georgia: Tbilisi City Hall launches replacement of “Khrushchovka” block of flats

Tbilisi 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…


Tajikistan: ADB main international donor

About 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…


Estonia: April 2018 retail trade turnover up

According 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…


Ukraine: trade with Germany up in 2017

In 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.…


Ukraine: sugar confectionery production down in January-April 2018

In 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)

Estonia: construction volume up in Q1 2018

According 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…


Kyrgyzstan: Prime Minister instructs to hasten construction of Bishkek-Kara-Balta road

The 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…


Estonia: local bank account for e-residents starting business not to be required

Estonia’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…