The Estonian Center for Defense Investment (ECDI) announced a EUR 40-million procurement for the purchase of long-range antitank weapons systems. In the framework of the procurement, at least 18 weapons systems are to be bought with ammunition. The supplier must also provide auxiliary equipment, technical support and training, spokespeople for the ECDI said. “The antitank…
DetailsA Chinese investor intends to start production of juice extract of licorice, grown in Karakalpakstan Autonomous Republic. The Autonomous Republic of Karakalpakstan is the region where the most licorice plants are grown. About 70% of the products from this plant are exported, especially to China, and the demand for it on the world market is…
DetailsIn January-September 12 billion 484 million eggs were produced in Ukraine, showing a 3.1% growth compared with the same period of 2017. The relevant report was published by the press service of the State Statistics Service of Ukraine. In January-September the production of eggs increased by 5.3% at the agricultural enterprises and by 0.9% at…
DetailsUkraine’s defense giant UkrOboronProm has presented at the annual Arms and Security Expo in Kyiv its new armored reconnaissance vehicle Mongoose. The Mongoose (formerly BRDM-NIK) armored reconnaissance vehicle is a modernized version of the Soviet-built BRDM-2 amphibious armored vehicle developed by the SE “Mykolayiv Armored Plant.” The Mongoose is enhanced with front armor. The hull…
DetailsRepresentatives of Uzbekistan’s state-run energy operator Uzbekenergo and the World Bank Group held a meeting to discuss reforms in the electricity sector of Uzbekistan. The parties discussed a plan on expansion of generating capacity at the lowest cost, research on tariffs, institutional reforms in the electricity sector and renewable energy development. The delegations of Uzbekenergo…
DetailsAverage salary in Kyrgyzstan in August amounted to 15,793 soms, report of the National Statistical Committee says. Compared to last year, it increased by 6.78%. Salaries increased the most in three areas – construction (16.2%), other service activities (15.5%), information and communications (14.6%). Following the results of 9 months of 2018, prices in Kyrgyzstan reduced…
DetailsTransparency and accountability are the basis for stable and rapidly developing economy, Chairman of the Azerbaijan Chamber of Auditors Vahid Novruzov declared. Novruzov stressed that Azerbaijani President Ilham Aliyev paid special attention to ensuring transparency in the economy. “This is not coincidence because world practice shows that only transparent economy can be sustainable, develop rapidly…
DetailsThe United Kingdom intends to deepen economic cooperation with Ukraine after withdrawal from the EU. “We have designated Ukraine as one of the UK’s post-Brexit priority markets, and our ambition is to further improve and liberalize the trading relationship between us,” UK Secretary of State for International Trade Liam Fox said at the Ukraine Week…
DetailsDairy food exports from Ukraine in September shrank by 40% YoY, to $18.3 million, which was the lowest rate ever reported. “A significant drop in the prices of creamery butter and powdered milk on the world market led to the fact that Ukraine had the lowest export revenue from the sale of dairy products in…
DetailsBeekeeping, perhaps one of the most environmentally friendly types of agriculture, is vibrant and flourishing in Azerbaijan, and the industry almost doubled over the last eight years. Recent researches show that the products of the beekeeping industry have a significant demand both inside the country and abroad. Thus, head of the public relations and information…
DetailsConstruction of the new museum started on October 6, and if everything goes according to plan, the museum will open to the public in July next year. The museum’s cornerstone was laid on October 5. “We’re hoping very much to give the city another tourist magnet,” says Kaire Tooming, who is in charge of the…
DetailsKazakhstan and Serbia are set to launch a direct flight linking their capital cities, the press service of the Civil Aviation Committee of the Ministry for Investment and Cooperation of the Republic of Kazakhstan reported. The corresponding memorandum was inked on the sidelines of Serbian President Aleksandar Vucic’s official visit to Astana on October 9.…
DetailsThe State Fiscal Service of Ukraine paid UAH 97.6 billion ($3.5 billion) in value-added tax (VAT) refunds to taxpayers in January-September, up by 11.5% YoY. Taxpayers obtained UAH 12.4 billion ($441.6 million) in VAT reimbursement in September alone, up by 28% YoY. “The average monthly VAT refunds also increased by 11.3%, or by UAH 1.1…
DetailsDuring the summer of 2018 Wizz Air carried more than 450,000 passengers on its Ukrainian routes, showing a 145% growth compared with June-August last year. This summer the most popular destinations from Kyiv were Budapest, Memmingen, Dortmund, Frankfurt, Berlin-Schonefeld (Germany), Warsaw and Copenhagen. Wizz Air now offers flights on 42 routes to 12 countries from…
DetailsA new 4-star hotel will be opened in Sighnaghi, in Georgia’s wine region of Kakheti, featuring 130 rooms, spa and fitness center, indoor and outdoor swimming pools, restaurant and all other necessary facilities. The hotel will be able to begin hosting guests in 2020. The cost of the project is $21 million and it is…
DetailsEggs from all Sanlind farms have been infected with salmonella, according to the Veterinary and Food Board (VTA). Salmonella had been detected at two of the Valga company’s farms. Now the VTA says output from all Sanlind OU has been infected, including eggs already purchased from stores. The VTA stated the possible contamination concerns Sanlind…
DetailsAfter nearly a two-year long procedure, SIA Rigas mikroautobusu satiksme (RMS) has once again acquired rights to provide minibus transport services in the capital. As confirmed by Rigas satiksme representative Viktors Zakis, the current value of the contract is EUR 96 million and the term is eight years. RMS and RS have been cooperating since…
DetailsIn January-September the local budget revenues grew by UAH 32.7 billion compared to the same period last year and totaled UAH 167.6 billion. “In 9 months the local budget revenues grew by 25%,” Vice Prime Minister – Minister of Regional Development, Construction and Housing and Communal Services of Ukraine Hennady Zubko announced, the government portal…
DetailsUkraine has unveiled a solar plant in Chornobyl, just across from where a power station, now encased in a giant sarcophagus, caused the world’s worst nuclear disaster three decades ago. Built in a contaminated area, which remains largely uninhabitable and where visitors are accompanied by guides carrying radiation meters, 3,800 panels produce energy to power…
DetailsGeorgia exported about 60 million bottles of wine to 53 countries in the first nine months of 2018, announces the Georgian National Wine Agency. In January-September Georgia generated about $142 million from the sale of wine abroad. Revenue increased by 22% YoY, while the volume of exports increased by 13%, said the Georgian National Wine…
DetailsWith the support of Business Armenia and an investment of several million dollars, a new factory will be found in Armenia. Ghalbourjian Group, in particular, aims to start production of vegetable oil and other additives. In the first stage of the project the firm will be investing $500.000 The plant will be built in the…
DetailsTurkmenavtoyollary (Turkmen Highways) State Concern completed the development of a project of a road bridge across the Garabogazgol Bay. The construction of a bridge with the length of 354 meters, width of 17 meters and height of seven meters above the surface of the bay will provide a four-lane traffic in the direction of the…
DetailsTrade and economic relations between Ukraine and Moldova are developing in a positive manner, and they are not subject to any restrictions, Ukrainian Prime Minister Volodymyr Groysman has said. “First and foremost, I want to note a high level of the development of Moldovan-Ukrainian trade and economic relations. We also see the prospect of their…
DetailsCapital investments in Ukraine grew by 26.6% in the first half of 2018 compared with the corresponding period in 2017, First Vice Prime Minister – Minister for Economic Development and Trade Stepan Kubiv stated during Government Question Hour meeting. “Capital investments increased by 26.6% in the first half of 2018 compared with 2017. Almost half…
DetailsHeydar Aliyev International Airport, located in Baku, is among 14 most beautiful airports in the world, according to the rating made by Curbed, an American real-estate blog network. “Located in the capital of Azerbaijan, the Heydar Aliyev International Airport terminal features giant wooden cocoons designed by Turkish architecture studio Autoban,” said Curbed. “Light streams in…
DetailsAccording to Statistics Estonia, the consumer price index in September was at the same level as in August, and the change compared to September 2017 was 3.7%. Compared to September 2017 goods were 3.4% and services 4.1 more expensive. Regulated prices of goods and services increased by 7.1%, and non-regulated prices by 2.7%. Also compared…
DetailsThe State Committee of Industry, Energy and Subsoil Use offers to check energy facilities without prior notification. Under the law on the Procedure for Conducting Inspections of Entrepreneurship Entities, objects with a high degree of risk are checked not more than once a year. The prescription is issued for a group of objects. But experts…
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