Trade between Ukraine and Israel will grow by 15% to reach about $1 billion in the next five years, Israeli Ambassador to Ukraine Joel Lion has said. According to the ambassador, expert studies show that the parties will increase trade by 15% over the next five years. “This means that we will have trade turnover…Details
Revenues from the single social contribution totaling UAH 228 billion were transferred to the state budget in 2018, up by 26.1% YoY, according to the State Fiscal Service. “In 2018, revenues from the single social contribution for compulsory state social insurance totaled UAH 228 billion, which was up by UAH 47.2 billion,” reads the report.…Details
Azerbaijan brought self-sufficiency in meat and dairy products to 90%, Agriculture Minister Inam Karimov said at an event dedicated to the launch of a partnership program with the Food and Agriculture Organization of the United Nations (FAO). Under the partnership program with FAO, Azerbaijan will not only be a beneficiary, but also act as a…Details
In 2018 Passenger Transportation JSC carried 17, 719,000 passengers (including domestic and transit passengers), down by 500,000 passengers YoY. In 2017 Kazakhstan hosted EXPO 2017 international exhibition, the company’s press service reports. Three new routes were launched last year. Astana-Turkestan train bridges the capital with the new regional center of Turkestan region, the historical city…Details
Three airports in Kyrgyzstan are unsuitable for flights, the First Deputy Prime Minister Kubatbek Boronov said at a meeting of the parliamentary committee on transport, communications, architecture and construction. According to him, reconstruction of several airports is necessary for the development of domestic flights. “Experts have given us the conclusion that airports in Karakol, Talas…Details
Ukraine’s First Deputy Prime Minister and Minister for Economic Development and Trade Stepan Kubiv and Israel’s Minister of Economy and Industry Eli Cohen have signed a free trade agreement between the two countries. The signing ceremony took place in the presence of Ukrainian President Petro Poroshenko, who was on a visit to Israel on January…Details
On January 17, Kernel completed the production of an export consignment of bottled vegetable oil with a Passover Kosher certificate from Badatz Beit Yossef, the company informed on Facebook. The produce was manufactured by Prykolotnoe OEP. People in Israel will be able to use oil for cooking as early as April, during the celebration of…Details
According to information released by Statistics Estonia on January 21, in December 2018 the industrial producer price index (PPI) decreased by 0.6% MoM, but increased by 1.6% YoY. Compared to the previous month, the industrial PPI in December 2018 was affected more than average by a price decrease in the manufacture of electronic equipment, fuel…Details
“Last year was a turning point for railway freight. The industry managed to recover from the decline, the lowest point of which was in 2017. It is too soon to celebrate last year’s grown, because this industry remains dependent on external risks and flaws caused by internal factors of the transit corridor,” says Baltic Association…Details
Heavy fog in Baku didn’t affect the activity of the Heydar Aliyev International Airport.
All flights are performed in accordance with the schedule.
“There are no delays in arrival and departure of the flights,” the airport said. (Trend/Business World Magazine)
Ukraine boosted electricity exports by 19.36% in 2018 from 2017, to 6.166 billion kWh. Over the period under review, Ukraine exported about 3.59 billion kWh of electricity to Hungary, which accounted for 58% of electricity sales abroad, 1.4 billion kWh to Poland (23%), and 960 million kWh to Moldova (16%), according to the website of…Details
PJSC Centrenergo will be transferred to gas coal in 2019, Energy and Coal Industry Minister Ihor Nasalyk has said. “PJSC Centrenergo consumed 2.2 million tons of anthracite in 2016, 800 thousand tons in 2017, and 400 thousand tons in 2018. The balance forecast and fuel structure for 2019 envisage no anthracite consumption at all,” Nasalyk…Details
The trade turnover between Russia and Uzbekistan in 2018 increased by 21% YoY, to $5.7 billion, said the Ambassador of Uzbekistan to the Russia, Bortizhon Asadov. “Russia remains the largest trading partner of Uzbekistan. Mutual trade grew by 21% and reached $5.7 billion at the end of 2018,” the ambassador said. President of Uzbekistan Shavkat…Details
Air Manas airline canceled Bishkek – Osh – Bishkek flights due to production reasons. Flights ZM 193EUR 194 and ZM 197EUR 198 were cancelled on January 18. Technical service immediately began troubleshooting. Passengers of canceled flights can exchange tickets for other flights or get a full refund. Previously, the company has already canceled flights until…Details
Kazakhstan’s Civil Aviation Committee suspends all the flights operated by Sky Service airline. “Due to the recent crash of Eurocopter ES130 T2 in Almaty, the Civil Aviation Committee decided to suspend flights of Sky Service airline,” a press release reads. Besides, the Committee notified all air carriers and operators to strictly observe flight operations regulations…Details
The National Bank of Ukraine (NBU) forecasts that inflation rate in Ukraine will not exceed 7% at the end of the year. NBU Governor Yakiv Smolii said this during his speech in the Verkhovna Rada. “Inflation is expected to be not more than 7% at the end of the year, namely 6.9%,” said Smolii. As…Details
First Deputy Prime Minister of Ukraine and Minister of Economic Development and Trade Stepan Kubiv said the growth of the country’s gross domestic product (GDP) in 2018 was estimated at more than 3%. “The beginning of 2019 is positive: estimates suggest GDP growth in 2018 exceeded 3%, inflation was less than 10%, and the average…Details
The government has approved the direct contract in accordance with the framework agreement signed between the government, ArmPower CJSC and RENCO S.p.A. (Italy). The contract will allow the constructer to launch the process of building and operating a new 250 MW gas-fueled combined cycle electricity station in Yerevan. The construction of the station is expected…Details
Power company Eesti Energia is to close part of its operations at the Narva power plants in eastern Estonia, leading to around 150 job losses. Some older electricity generation blocks have to be decommissioned in line with requirements of the EU Industrial Emissions Directive. The move also means the proportion of electricity generated from oil…Details
A Turkish architect’s project won a competition in Kazakhstan, and would be carried out for a history and culture center in the city of Turkestan. Turkestan Architect Awards – which has five main categories and 15 sub-branches – was launched for the establishment of 15 public buildings in Turkestan. Mehmet Hilmi Sahin joined the competition…Details
The number of registered unemployed people in Ukraine in the last month of 2018 increased by 40,700 MoM and amounted to 341,700, the State Statistics Service has reported, with reference to the State Employment Service. The registered unemployment rate thus increased to 1.3% from 1.2% in November 2018. According to the service, the greatest increase…Details
Wizz Air will not sell tickets for Kharkiv-London flights due to the low demand for this route. Now the company’s website offers to buy tickets up to February 9. The management of the Kharkiv airport confirmed that the carrier had decided to cancel the flights. Wizz Air performed the first Kharkiv-London flight on November 13,…Details
Starting from May 16, the low-cost airline Buta Airways will launch direct flights to another Russian city – Astrakhan, the press service of Buta Airways reported. Astrakhan will be the fifth destination of the low-cost airline in Russia. The airline is already operating regular flights from Baku to Moscow, St. Petersburg, Kazan and Mineralnye Vody.…Details
Georgia has exported 28,855 tons of tangerines as of January 15, announces the Ministry of Environmental Protection and Agriculture. The export of tangerines grew by 29.36% compared to the 2017-2018 season. Georgian tangerines were mainly exported to: Russia – 19,267 tons, Ukraine – 6,280 tons, Armenia – 2,690 tons, Uzbekistan – 261 tons, Kazakhstan –…Details
Meat production in Kazakhstan in 2018 made 270,550 tons, up by 8% YoY, the Statistics Committee of the National Economy Ministry reported.
Milk production was 535,501tons (+10%).
The volume of flour made 4,036,460 tons (+0.7%), sugar – 283,134 tons (-23.9%) and cereals – 81,327 tons (+15%). (Kazinform/Business World Magazine)
In 2019, the construction of a new airport in Dnipropetrovsk region will be launched. “This year, we launch the construction of an airport in Dnipropetrovsk region at the initiative of the government. It is the first airport that will be built since Ukraine has gained the independence. We assume that this airport should be located…Details
The Deposit Guarantee Fund last week sold insolvent banks’ assets worth UAH 16.87 million, the fund’s press service reports. “Last week (January 8-11) the assets of 16 banks, which are in the management of the fund, were sold for UAH 16.87 million,” reads the report. In particular, UAH 8.85 million was received from repayment of…Details
Romanian flag-carrier TAROM is entering the Armenian market after earlier reports of the company’s interest in the country. A presentation celebrating the launch of the airline’s activity in Armenia is slated for January 18. Representatives of the General Department of Civil Aviation, the Ministry of Transport, Romania’s Embassy in Yerevan, as well as some 80…Details