The macroeconomic situation in Ukraine remains unstable, vulnerability of the fiscal system in the past years has grown, World Bank Country Director for Belarus, Moldova and Ukraine Satu Kahkonen has said. She said that the vulnerability had increased in the past years, taking into account the fact that government’s expenses grew, as the government increased…
DetailsThe Estonian government decided to put the small ferries Abro and Wrango at the disposal of the municipalities of Saaremaa and Viimsi, respectively, for operating connections with small islands. The ferry Abro will be put to use indefinitely by Saaremaa Municipality for operating a ferry connection with the small island of Abruka. As the service…
DetailsBelAZ, the managing company of BelAZ holding company, intends to start selling dump trucks to Mexico in 2018. “BelAZ is working hard to set up and develop a distributor and service network in Mexico. BelAZ Director General Piotr Parkhomchik paid a visit to this country on Match 11-13. He had a number of successful negotiations…
DetailsAzerbaijan’s GDP volume exceeded 11.54 billion manats in January-February, up by 1.3% YoY, according to a report of the State Statistics Committee. The volume of GDP per capita stood at 1,178.7 manats. In January-February the volume of GDP produced in the non-oil sector of the country increased by 2.3%, while no growth was observed in…
DetailsThe National Bank of Ukraine has prolonged sanctions against Sberbank, Prominvestbank, VTB Bank, and BM Bank, in line with the decision of the National Security and Defense Council of Ukraine “On the application of personal special economic and other restrictive measures (sanctions)” dated March 1. According to a report posted on the NBU website, the…
DetailsNJSC Naftogaz of Ukraine has assured that Ukraine has sufficient natural gas reserves in its underground storage facilities, the company’s press service wrote on Twitter. “A drop in temperatures is expected in Ukraine. We are ready for this. This time we are not waiting for gas supplies from Gazprom. The gas demarche boomeranged against Gazprom…
DetailsAt a meeting with representatives of the International Monetary Fund (IMF), Prime Minister Juri Ratas (Center) said that Estonia met the objective of medium-term budget balance and according to current plans should reach a balance by the year 2020. At the meeting Ratas introduced the Estonian government’s budget policy as well as activities to support…
DetailsCruise travel is currently one of the most rapidly growing tourism segments in the world, chosen for recreation by approximately 23 million passengers every year. Market trends suggest that the number of cruise passengers may increase by another third by 2030, revealing more and more new tourist routes and market niches. A significant increase in…
DetailsThe Belarusian mechanical engineering company Belkommunmash is working to sell electric buses to Tbilisi and Batumi, Deputy Chairman of the Minsk City Executive Committee Alexander Krepak reported. Belkommunmash and the Tbilisi mass transit system operating company are expected to sign an agreement of intent to sell electric buses to the capital of Georgia and the…
DetailsUkraine has successfully tested the new 152mm artillery ammunition produced by the state-owned Kyiv-based Artem, which is a part of the country’s major arms producer UkrOboronProm. Thus, Ukraine has secured own production of large caliber artillery ammunition, according to Pavlo Bukin, CEO at UkrOboronProm (UOP). Commenting on the results of the latest tests, Bukin said…
DetailsIn January-February the number of passengers carried by Ukrainian airlines rose by 8.8% YoY, and the passenger traffic flow through Ukrainian airports increased by 19.3%, according to the State Aviation Service of Ukraine. “In January-February the volume of passenger-carrying operations of Ukrainian airlines increased by 8.8% and totaled 1,344.4 thousand people. The volume of international…
DetailsLast month 171,100 passengers passed through Tallinn Airport, 14.4% more than in February of last year. 169,300 were on international flights and 1,700 on domestic flights, the airport said. Approximately 154,000 passengers passed through the airport on regular flights and 17,100 on non-regular flights. The number of flights in Tallinn rose by 7.1% YoY, to…
DetailsThe Belarusian tractor manufacturer MTZ intends to sell more tractors to North America in the next few years. MTZ Director General Fyodor Domotenko made the relevant statement as he met with a delegation of dealers from Canada and the USA. MTZ started exploring North America in the 1970s. The company used to sell thousands of…
DetailsIn 2018 real GDP growth in Kyrgyzstan is expected to amount to 5.5%. The report of the National Bank on the monetary policy for the fourth quarter of 2017 says. It is noted that in 2018 and 2019 Russia’s GDP growth is expected to be about 1.9%, the economy of Kazakhstan – about 3.2% and…
DetailsThe united power grid of Ukraine today can accept up to 3 gigawatts (GW) of new capacity of solar power plants and wind farms without an unbalanced response risk and serious changes to its structure, Ukrenergo Head Vsevolod Kovalchuk said at a roundtable in the Verkhovna Rada. According to him, this installed capacity of renewable…
DetailsThe actual inflation in Ukraine in February 2018 from February 2017 was somewhat higher than the Central Bank’s benchmark announced in January. “In general the current dynamics of consumer inflation and its components indicate that inflationary pressure remains significant. At the same time, its amplification in February was curbed by the strengthening of the hryvnia,…
DetailsA memorandum on launching flights between Aktau and Dubai was signed during a business visit of the delegation led by governor of Mangistau region Yeraly Tugzhanov to the United Arab Emirates. The Memorandum was signed between the Aktau airport and flydubai airline. Thus, in October flydubai will launch a new regular flight Dubai-Aktau-Dubai for the…
DetailsThe Estonian Food and Veterinary Board (VTA) detained approximately 20 tons of unknown goods at the border checkpoint in Muuga. According to information supplied by the importer, the substance in question was allegedly honey, however conformance testing revealed it to be syrup instead. The container carrying the goods reached the Estonian port on August 27…
DetailsThe construction of an Amkodor-Mash plant will begin in May, according to the official website of the Belarusian company. The information was posted on the website following the negotiations between Chairman of Amkodor Board of Directors Alexander Shakutin, CITIC Group President Wang Jiong, and Chairman of CITIC Construction Chen Xiaojia in Beijing. Alexander Shakutin and…
DetailsIn February Ukrainian plants manufactured 721 motor vehicles, up almost 2-fold YoY, the Ukrainian Motor Vehicle Manufacturers Association, UkrAutoProm reported. The largest share of motor vehicle production was made up by cars, which totaled 606 unit (all manufactured by ZAO Eurocar: up by 134% YoY and by 26.5% MoM). Also, in February 35 trucks were…
DetailsUkrainian nuclear power plants (NPPs) produced 237.60 million kWh of electricity on March 11, the press-service of Ukraine’s State Enterprise “National Nuclear Energy Generating Company Energoatom” reports. On March 12, 11 out of 15 power units were functioning at the Ukrainian power plants. It was the 52nd day of average planned repairs at power unit…
DetailsThe first Islamic bank will start working in Tajikistan in 2018. “The first Islamic bank will work this year in Tajikistan. The issues of expanding the operations of the International Islamic Trade Finance Corporation (ITFC) in the financial market of Tajikistan were discussed at a meeting of Deputy Chairman of the National Bank of Tajikistan…
DetailsThe Utilities Department of the City of Tallinn announced a public procurement for the primary builder in the construction of the Reidi Road project. The necessary work includes road construction extending the existing waterfront fortification, the establishment of utility networks, construction of water supply and sewage, a pumping station, street lighting, landscape architecture, electricity supply,…
DetailsAkim of Akmola region Malik Murzalin met with the management of Dubai Chamber of Industry and Trade and discussed supply of Akmola flour to the UAE, Marat Igaliyev, Advisor of Akmola region governor, reported. 800 tons of Kazakhstan’s first commercial flour were delivered to the UAE in March by Inter Trade. The company was founded…
DetailsUkrainian President Petro Poroshenko has expressed gratitude to the European Bank for Reconstruction and Development (EBRD) for organizing the financing of EUR 25.9 million for construction of solar power plants with a capacity of almost 34 MW in Vinnytsia region. “The EBRD has allocated EUR 25.9 million for construction of three solar power plants in…
DetailsIn January Ukrainian milk production amounted to 69.7 thousand tons, the State Statistics Service of Ukraine reports. Milk production with fat content no more than 1% in primary packs with a net volume of more than 2 liters amounted to 30.4 thousand tons, down by 3.6% YoY. The production of milk with a fat content…
DetailsTransmission system operator Elering expects the submarine power cable to run between the Western Estonian island of Muhu and the mainland to be completed by 2020. In a letter sent to Saaremaa Municipality, Elering emphasized that while the company understood locals’ concerns regarding the high voltage power lines running along the dam connecting Saaremaa and…
DetailsThe story about economic growth is not in any way related to the work performed by Prime Minister Maris Kucinskis. Economic growth is based on money provided by European structural funds in previous planning period, says chairman of New Conservative Party and prime minister candidate Janis Bordans. “It is claimed that Kucinskis’ government has made…
DetailsPrices for consumer goods and tariffs for services in Azerbaijan increased by 4.7% in January-February as compared to January-February 2017, the State Statistics Committee said on March 9. The prices for food products increased by 5.8%, prices for non-food items – by 4.7% and the cost of paid services – by 3.3% during the reporting…
DetailsAfter the Turkish government has recently put out an urgent request for 120 complete active protection systems to go on M60A3, M60T, and Leopard 2A4 tanks, Turkish defense contractor Aselsan obtained a license from Ukraine’s Microtek to produce a version of their Zaslon-L system, which it called the Akkor Pulat. Aselsan’s own Akkor system is…
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