Polish PKP PKP Linia Hutnicza Szerokotorowa (PKP LHS) company has started testing a new route to China, which will run through the territory of Ukraine, Georgia, Azerbaijan and Kazakhstan, the Center for Transport Strategies announced. A test container has been sent to China from Euroterminal in Slawkow, owned by PKP LHS. On the way to…
DetailsUkraine produced 42.8 thousand tons of ice cream in January-May, up by 1.7% YoY, Ihor Bartkovsky, the president of the Ice Cream and Frozen Foods association of Ukrainian producers, said. “In January-May the production of ice cream in Ukraine amounted to 42.8 thousand tons – an increase of 1.7%. Over the reporting period 2.9 thousand…
DetailsOver 7,000 electric vehicles have been registered in Ukraine and their number grows annually, the Ministry of Ecology and Natural Resources posted on Twitter. “The number of registered electric vehicles in Ukraine grows every year. In general, there are 7,439 electric vehicles in the country,” reads the report. The Ministry of Ecology reminded that the…
DetailsThe average weekly electricity price in Latvia has declined by nearly 14%, to 42.27 EUR/MWh in Estonia and 45.72 EUR/MWh in Lithuania. The price decline in Latvia was 13%, to 45.72 EUR/MWh, according to information from Latvenergo. A considerable consumption volume decline was noted in Nord Pool region last week. Electricity volume declined to 6,036…
DetailsA Georgian wine tasting “Georgian Wine Roadshow” event was held in Glasgow, Scotland and Manchester, England on June 18-19, the Embassy of Georgia to the United Kingdom announced. The wine tasting events, where 30 different varieties of Georgian wine were presented, were organized by Georgian Wine UK. The guests also had the opportunity to taste…
DetailsAir Astana, the award-winning Kazakh flag carrier, celebrated 16 years of successful operation in the Russian market at a press event with Moscow’s leading journalists and bloggers. During the event, Peter Foster, President and CEO of Air Astana, received a gold award to become a “Honorary Member of the World Community for the Lives of…
DetailsIn May the overall government-guaranteed state debt of Ukraine decreased by $0.79 billion, to $76.26 billion, the Finance Ministry’s press service reports. According the ministry, the state debt in hryvnia equivalent over the reporting month declined by UAH 27.97 billion, to UAH 1.993 trillion. Earlier the National Bank reported it expected the state debt reduction…
DetailsUkrainian solvent banks in January-May received UAH 12.812 billion ($488 million) in profit, which was twice the figure at UAH 6.851 billion ($261 million) YoY. Revenues of solvent banks over the period under review grew by 5.9% YoY, to UAH 78.275 billion ($3 billion), while expenses dropped by 2.4%, to UAH 65.463 billion ($2.5 billion),…
DetailsReconstruction and expansion work at harbor Terminal D at Lootsi 13/14 in Tallinn has begun, and will continue for the best part of two years. Parts of the terminal will be closed to passengers as a result. The passenger harbor comes under the auspices of the Port of Tallinn (Tallinna Sadam), a hitherto state-owned company,…
DetailsThe parliament has adopted an updated the National Energy Independence Strategy. The strategy has been updated after six years. In the document, Lithuania sets itself a long-term goal to produce all power for its needs, with a particular focus put on the development of clean energy. The document was backed by 103 Lithuanian lawmakers, with…
DetailsA contract on the delivery of 140 tractors Belarus was signed in Novosibirsk on June 24 as the Russian city celebrated its 125th anniversary, Director General of MTZ-Siberia Trading House Dmitry Belaits declared. The Minsk Tractor Plant (MTZ) will supply 140 tractors Belarus for the needs of agricultural producers and municipal services of the city.…
DetailsAbout UAH 2 trillion is needed to carry out major repairs of all roads connecting populated areas across Ukraine, according to Oleksandr Kava, an adviser of the head of the State Automobile Roads Agency Ukravtodor. “As for the roads where patch works are carried out, this is a compulsory measure to ensure possible driveway on…
DetailsThe controlling stake in the state-owned enterprise Turboatom is not subject to privatization, Prime Minister of Ukraine Volodymyr Groysman stated during the Government Question Hour meeting. “This enterprise is on the list of privatization, but conditions for its sale, which means the sale of its part, will be determined by a relevant resolution of the…
DetailsBelarus is ready to supply 20,000 tons of beef to China annually, Aleksei Bogdanov, Head of the Central Office for Foreign Economic Activities of the Belarusian Agriculture and Food Ministry, reported. “In terms of beef supplies to China we are limited by the number of certified companies. For the time being there are only two…
DetailsThe volume of Kazakhstan’s salt exports in January-March grew by 27% YoY. The export turnover reached 39,400 tons in the first quarter, the message reads. In January-May Kazakhstan produced 88,900 tons of salt, up by 6.7% YoY. Kyzylorda region accounts for 99.9% of Kazakhstan’s salt production for the giant plant Araltuz is located there. Araltuz…
DetailsKyrgyz entrepreneurs took part in Import Goods Fair International Exhibition in Seoul, the Embassy of the Kyrgyz Republic in South Korea reported. The companies Aman-Greenfood, Variant and Aisuluu for the first time presented a wide range of national products and beverages. They brought honey, nuts, dried fruit, cherries and cognac “Kyrgyzstan” to the exhibition. Korean…
DetailsThe National Bank of Ukraine expects a moderate acceleration in the growth of the Ukrainian economy in the second quarter of 2018, the press service of the NBU reported. “In the second quarter of 2018 the National Bank expects a moderate acceleration in the growth of the Ukrainian economy. The preservation of business expectations of…
DetailsUkrainian agribusinesses exported 38.6 million tons of grains from July 1, 2017, the start of 2017-2018 marketing year (MY), to June 20, 2018. In particular, Ukraine exported 16.8 million tons of wheat, 4.2 million tons of barley, 36,800 tons of rye, and 17.3 million tons of maize, the Ukrainian Agrarian Policy and Food Ministry’s press…
DetailsGeorgian Airways is to resume direct flights from Astana to Batumi, the Civil Aviation Committee of the Ministry of Investments and Development of Kazakhstan said in a message. The flights will be carried out once a week on Fridays from June 22 to September 1, according to the message. Batumi is located on the Black…
DetailsThe Mogilev-based producer of confectionery and bakery products Domochay intends to start selling deep-frozen confectionery and bakery products to the European Union in H2 2018, the company’s Director General Natalya Podlesnykh reported. The company’s CEO said: “We’ve done a lot of work to reach this promising and capacious market. It was quite hard considering the…
DetailsThe National Bank of Kyrgyzstan intends to increase the share of gold in the gross international reserves from 16% to 50%, the Chairman of the National Bank Tolkunbek Abdygulov stated. According to him, this is what the National Bank can do in an attempt to protect itself from the volatility of currencies in China and…
DetailsPrime Minister of Ukraine Volodymyr Groysman has stated that the foreign debts accumulated for 2005-2013 impede raising social standards in Ukraine now. He said this at a meeting of the Verkhovna Rada Committee on Economic Policy. “In 2005-2013 Ukraine accumulated almost $50 billion in foreign debts. This year we have to spend UAH 130 billion…
DetailsUkraine is expected to reach energy efficiency at the level of 9% by 2020, compared with the situation in 2005-2009, by implementing the European energy efficiency directives. “Today all the international partners help Ukraine move towards energy efficiency. However, this path is impossible without the implementation of key European energy efficiency directives and a roadmap,…
DetailsThe excise tax on automobile fuel may be scrapped, according to the Belarusian Deputy Finance Minister Dmitry Kiyko. The deputy finance minister said: “We now recognize as a possibility that the state budget may lose considerable revenues within the next 3-5 years and are working out measures to minimize these risks. The greatest challenges include…
DetailsThe city of Qingdao, China’s Shandong Province, hosted an exhibition-fair of products imported to China from the countries represented in the Shanghai Cooperation Organization (SCO). Various products were put up for sale from member countries, as well as countries that had status of observer and a dialogue partner for the organization. The national stand, prepared…
DetailsThe Acting Defense Minister Levan Izoria told lawmakers on June 20 that in the near future Georgia would receive the most modern, man-portable air defense system – FIM-92 Stingers – from the United States. Izoria said that together with Javelins, the new systems would significantly empower the country’s self-defense capabilities. Stinger (FIM-92) is a man-portable…
DetailsAbout one million Ukrainians will receive raised pension payments from July 1, 2018, according to Deputy Prime Minister Pavlo Rozenko “From July 1 the minimum subsistence level will be raised for persons who have lost the ability to work. Pension payments will be increased for approximately one million Ukrainians,” Rozenko said, explaining that payments would…
DetailsIn January-May Ukraine’s local budget revenues increased to UAH 89.7 billion, up by 24.1% YoY, Vice Prime Minister – Minister for Regional Development, Construction, Housing and Utilities Hennadiy Zubko posted on his Facebook page. “In January-May local budget revenues increased to UAH 89.7 billion. The growth in revenues against the corresponding period last year amounted…
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