From January 1, 2018 written declaring of imported and exported cash foreign currency in the amount of up to $2,000 is canceled in Uzbekistan. When importing and exporting more than $2,000, the entire amount is declared in writing. Export of cash foreign currency outside of Uzbekistan is now carried out without any permits within the…
DetailsIn January-November the Freeport of Riga handled 31,116,900 tons of cargo, down by 6.7% YoY. Coal transshipment fell by 5.8%, to 11.02 million tons, oil products – by 30.5%, to 5.23 million tons, wood pellets increased by 17.9%, to 578,000 tons, ore – by 32.5%, to 467,600 tons. The port’s container throughput grew by 16.8%,…
DetailsThe Mogilev-based lift manufacturer OAO Mogilevliftmash intends to start making travelators in 2018, the company’s Chief Engineer Igor Frolkin declared. A prototype travelator (a moving walkway) has been made in association with Chinese partners. The product has passed electromagnetic compatibility tests in line with the relevant technical regulations on safe machines and equipment. Acceptance and…
DetailsThe National Bank of Ukraine (NBU) has transferred the eighth tranche of profit in the amount of UAH 4.4 billion to the state budget, the central bank’s press service reports. “On December 7, the National Bank transferred the last eighth tranche of profit in the amount of UAH 4.4 (44,378,828,945.50) billion to the state budget,”…
DetailsPrivatBank has introduced the money transfer service using Welsend system, the bank has said in a press release. The Welsend money transfer system was created by Ukrgasbank (Kyiv) in 2013. Partners of Welsend are 53 financial institutions both in Ukraine and outside the country. The system is present in over 120 countries and has over…
DetailsBelarus and Egypt have agreed to set up an engine assembly plant. The matter was discussed during a visit of a delegation of Minsk Motor Plant led by Director General Igor Yemelyanovich to Egypt, the Belarusian embassy in Egypt reported. The Belarusian delegation visited the Ministry of Military Production of Egypt, large industrial companies specializing…
DetailsPresident of Turkmenistan Gurbaguly Berdimuhammedow met with the Ambassador Extraordinary and Plenipotentiary of the Republic of Korea Jong Tae-In, the Turkmen government said in a message. An exchange of views took place on the prospects for cooperation in the trade and economic sphere, energy and transport sectors, and in the field of advanced technologies. “An…
DetailsKyrgyzstan supplied more than 50 tons of walnuts to Holland thanks to the voluntary certification Fair Trade. As Gulnaz Kaseeva, Chairwoman of the Board of AgroLead NGO noted, earlier Kyrgyz walnuts came to European countries through Turkey. Suppliers from Kyrgyzstan have undergone the voluntary certification Fair Trade and can now supply the product directly. Certification…
DetailsChina expressed interest in cooperation on the purchase of Ukrainian aircraft, the press service of the Ministry of Economic Development and Trade of Ukraine reported. “China is interested in cooperation on the purchase of airplanes and their joint production using materials and spare parts produced in China,” the report said. Ukraine’s Trade Representative Natalia Mykolska,…
DetailsThe public joint-stock company Ukrzaliznytsia intends to send some UAH 13-16 billion of own funds for capital investment next year, acting Board Chairman of Ukrzaliznytsia Yevhen Kravtsov has said. “We prepared the capital investments and financial plan in an open mode. The figure was at the level of UAH 52 billion – the total demand…
DetailsRiga Black Balsam brand has begun exploring the market in the United States of America. Exploration of the market commenced with New York, to be followed up by a presentation of Riga Black Balsam in Texas, Florida, San Francisco and Illinois in 2018, as reported by the company’s representatives. “The brand’s start in USA kicked…
DetailsHead of State Nursultan Nazarbayev met with CEO of Yildirim Holding Yuksel Yildirim at the EXPO Congress Center in Astana on December 6. At the meeting, the sides discussed the problems and further prospects of implementation of the investment projects in chemical industry. Yildirim Holding CEO expressed interest in strengthening cooperation with Kazakhstan and briefed…
DetailsCurrency reserves of the Central Bank of Azerbaijan (CBA) increased by about $1,243.2 million (31%), to $5,254.2 million in November as compared to the same period of 2016, according to statistical data posted on the CBA website on December 6. During the month, CBA reserves rose by 53.5 million, while since early 2017 it has…
DetailsThe national energy company Ukrenergo has drawn up a feasibility study for construction of infrastructure to transmit electricity from solar power plants with a capacity of up to 1.2 gigawatts in the Chornobyl exclusion zone. Ukrenergo presented the document at a government meeting on December 1. “The project envisages construction of a new330/110 kV substation…
DetailsSugar production in Ukraine as of December 5 amounted to 1.73 million tons, according to the Ukrtsukor National Association of Sugar Producers. “At present some 1.73 million tons of sugar has been produced and 12.11 million tons of sugar beets has been processed. According to the association, the sugar season will end by the new…
DetailsThe Italian company Tirrena Scavi will invest about $33 million in the construction of a road, which is part of a new bypass around the Armenian capital city of Yerevan. According to a statement from the government, a contract with the firm is set to be signed by the end of the year, while construction…
DetailsPort of Tallinn has won the Green Port/Terminal of the Year Award by the DPC Innovation Awards 2017. The award spotlights a port or terminal that has demonstrated an active and innovative response to the preservation and promotion of wildlife, reduction in air emissions, water quality, treatment of soils/sediments, community engagement and sustainability. Port of…
DetailsThere are plans to increase the trade between Belarus and Tajikistan at least 10-fold, Chairman of the Belarusian Chamber of Commerce and Industry Vladimir Ulakhovich declared. “For a start, we are capable of increasing it ten times,” said Vladimir Ulakhovich. In January-September the trade totaled $27.7 million, up by 2.29% YoY. The two states are…
Details!FEST Holding (Lviv), developing a network of creative restaurants and projects, will double the capacity for beer production to almost 1 million liters per year, head and co-owner of the company Andriy Khudo has said. “The capacity of our brewery Theater of Beer Pravda in the Market Square (Rynok Square) in Lviv is 500-600 liters…
DetailsPJSC Ukrzaliznytsia has started the sale of tickets for international trains running to the countries of the European Union. Ukrzaliznytsia wrote on its Facebook page, in pursuance of the resolution of the Cabinet of Ministers of Ukraine, the company took measures to establish discounts for the current ceiling tariffs for international traffic and developed the…
DetailsCompared to the nine months of 2016, the volume of freights carried by land and pipelines had increased by 2.3 million tons or by 2.7% and freight turnover by 3% in the nine months of 2017. The volume of freights carried by rail went up by 1 million tons or by 2.8%, whereas the freight…
DetailsArmenia has produced 5.4% more electricity in January-October against the same period last year, the National Statistical Service said. 6,313 billion kWh of electricity were produced in the country in the reporting period, up from last year’s 5,991 billion kWh. Meanwhile, 640 solar panels were manufactured in the first ten months of 2017, including 300…
DetailsUzbek President Shavkat Mirziyoyev at a meeting on the issues of construction progress noted that the majority of the normative acts, town planning regulations and construction norms applied in the country needed renewal, the press service of the Uzbek president reported. Mirziyoyev said that during the fulfillment of the instructions on bringing these norms and…
DetailsThe Cabinet of Ministers of Ukraine forecasts an 18.6% rise in revenues of the consolidated budget of the country in 2018 (by UAH 181 billion), to UAH 1.155 trillion, Prime Minister Volodymyr Groysman said at a government meeting. “We forecast the increase in the revenues of the national consolidated budget from the work of the…
DetailsUkraine sets a task to increase the trade turnover with Georgia up to $1 billion a year and speed up the formation of joint transport bodies for more convenient logistics, Prime Minister of Ukraine Volodymyr Groysman posted on his Facebook page. “During the official visit to Georgia, we once again affirmed mutual commitment to the…
DetailsBelarus’ Priorbank was named by The Banker magazine (UK) among the winners of the Bank of the Year financial award, the Priorbank press service reported. The world’s best banks were announced at an official ceremony in London. The experts evaluated financial organizations of some 150 countries. Priorbank was named the best bank in Belarus for…
DetailsThe UAE is one of the top five trade partners of Turkmenistan, and the volume of trade turnover between the two countries continues to grow, the UAE ambassador Hassan Abdullah Al Adab said. The diplomat noted that in 2015 the trade turnover amounted to $1.33 billion and reached $1.432 billion in 2016. Meanwhile, the share…
DetailsAzerbaijan’s Unibank OJSC issues bonds worth $10 million, said the Baku Stock Exchange (BSE) in a message. The message says that this step is the second stage of consulting program for the listing of the BSE, which Unibank joined on October 26. The bank plans to place 1,000 bonds with a par value of $10,000…
DetailsPresident of Uzbekistan Shavkat Mirziyoyev gave instructions for the construction of a hotel during his visit to the Tashkent International Airport named after Islam Karimov on December 2. Mirziyoyev familiarized himself with the project for the construction of the new passenger terminal “Tashkent-4”. The project is funded through banks and funds of Uzbekistan and South…
DetailsThe national energy company Ukrenergo in January-October increased transmission of electricity through the backbone power grids by 3.9% (by 3.565 billion kWh) compared to the same period in 2016, to 93.858 billion kWh. According to a report posted on the company’s website, the cost of electricity transmission services rose by 20.8% over the ten months…
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