Turkmenistan Coca-Cola Bottlers Ltd., engaged in the production and distribution of soft drinks, is on the verge of closure and has already stopped production. The company has faced difficulties with currency conversion, problems with the import of ingredients needed for the production of beverages and pressure from local business companies. Only remains of beverages produced…
DetailsThe Kyrgyz government has raised excise rates for beer, strong beverages, liqueurs, wines and low-alcohol beverages. As a result, prices for these goods can grow. The corresponding decree of the Cabinet was signed by the Prime Minister Sapar Isakov. It is noted that the excise on strong beverages, juices and herbal liqueurs increased from 6…
DetailsThe Baku International Sea Trade Port (Port of Baku) aims to become the most environmentally friendly port in the region, the port’s Director General Taleh Ziyadov declared. “Today, modern ports are built with such infrastructure and state-of-the-art technologies that are less harmful to environment,” noted Ziyadov. “By achieving Green Port status, the Port of Baku…
DetailsInvestors are interested in solar energy today with a view of a quick entry into the market, according to an expert. “At present, we see the greatest activity in the solar energy sector. Across Ukraine, it is the most popular sort of energy. I think this is because it is the fastest way to enter…
DetailsHungarian low-cost carrier Wizz Air has announced it will expand its route network with five new routes from London, among which are flights to the city of Lviv, according to the company’s website. London-Lviv flights will be performed three times a week – on Tuesdays, Thursdays, and Saturdays from September 18, 2018. The cost of…
DetailsAir Astana, the flag carrier of Kazakhstan, is destined to become one of the largest A320neo Family operators in Central Asia and CIS over the next three years. The airline is the first operator of this type in the region from 2016 and the fleet will grow to 17 aircraft by 2020, Air Astana will…
DetailsAlmost 400 schools have been built in Kyrgyzstan in 7 years. A new program for the construction of new schools instead of emergency facilities was started, thanks to which the growth rate of the number of the commissioned facilities doubled. An extensive program was also launched to overhaul the buildings of emergency schools. Over the…
DetailsAccording to the preliminary estimates, Uzbekistan’s GDP totaled 170,74.8 trillion soums and the real growth rate was 105.3% in January-September compared to the same period of 2016, the State Statistics Committee said in a message. According to the message, the growth rate in the main sectors of the economy, such as agriculture, forestry and fishery…
DetailsThe Deposit Guarantee Fund has extended the liquidation of PJSC Integral-Bank until November 26, 2018, the Fund’s press service reports. “The Executive Directorate of the Deposit Guarantee Fund approved a decision No. 5073 to extend the terms of liquidation of the PJSC Integral-Bank for one year, until November 26, 2018 inclusive, in line with part…
DetailsThe Infrastructure Ministry of Ukraine plans to start three reconstruction projects for 232 km of roads with cement surfacing in 2018. The project would cost around UAH 8 billion. The project was discussed at a meeting of the parliamentary transport committee. The first project is reconstruction of the northern orbital road around Zhytomyr in Kyiv-Chop…
DetailsThe Tallinn city government is working on a plan for an additional corridor for tram traffic through the center of the city to make tram services less vulnerable to interruptions and accidents in the section currently used by all of the city’s four tramlines. The additional corridor would be built as part of the construction…
DetailsTurkmen President Gurbanguly Berdimuhamedov has met with Chief Adviser on Infrastructure and Technology to the Afghan president Mohammad Humayon Qayoumi, the Turkmen government said in message on November 17. According to the message, Qayoumi stressed the great importance of the large-scale projects, which were being implemented, for the regional countries. Among those projects is the…
DetailsEstonian-state owned airline Nordica has introduced the so-called “quiet flights” in the mornings, where announcements read on the plane are kept to a minimum and do not include any advertisements. On the flights departing before 9 a.m., onboard announcements are presented in an abbreviated form and read in a quieter voice, Nordica said. Safety-related announcements,…
DetailsThe Asian Development Bank’s (ADB) Board of Directors has endorsed a 5-year Country Partnership Strategy for Turkmenistan to support regional cooperation and economic diversification during 2017-2021. The Bank announced that the document was ADB’s first full Country Partnership Strategy (CPS) with Turkmenistan since the country joined ADB in 2000. Turkmenistan has made important progress in…
DetailsThe European Investment Bank (EIB) will issue a loan of EUR 130 million to Ukrenergo for modernization of substations, according to the website of the financial institution. The corresponding project was approved by the financial institution on November 16. The EIB said the project was aimed at improving energy efficiency, reliability of equipment, reducing operating…
DetailsProduction of sugar in Ukraine as of November 15 amounted to 1.38 million tons. According to the Ukrtsukor National Association of Sugar Producers, on the specified date 41 sugar factories were functioning in the country, which by now had processed 9.79 million tons of sugar beets. As reported, the new season of sugar production in…
DetailsPort operator Port of Tallinn (AS Tallinna Sadam) announced that they would get listed at the Tallinn Stock Exchange. This step follows the course outlined in the coalition agreement signed by the Center Party, the Social Democrats, and the Pro Patria and Res Publica Union (IRL) a year ago. According to the agreement, the plan…
DetailsIn the first ten months of 2017, airBaltic carried a total of 3,007,034 passengers to destinations in Europe, Scandinavia, Russia, CIS and the Middle East. In October airBaltic carried 319,018 passengers or 26% more than last year. “We are happy to announce than more than 3 million passengers have used our services this year, which…
DetailsCargo transported on the infrastructure of the Estonian state-owned railway infrastructure company Estonian Railways (EVR) in October totaled 1 million tons, up by 10.4% YoY. “I am glad that we have been able to put an end to the downward trend in freight volumes, and we are doing our utmost for the results of the…
DetailsThe National Bank for Foreign Economic Activity of Uzbekistan concluded loan agreements with leading German banks for a total of 950 million euros, the bank reported. The agreements were signed during the visit of a governmental delegation of Uzbekistan headed by Prime Minister Abdullah Aripov to Germany. The Uzbek-German business forum was held in Munich…
DetailsThe Port of Sillamae began offering regular container shipping services last year, and shipping volumes have increased 10-fold since then. While ships managed by Maersk Line, the world’s largest container shipping company, initially visited Sillamae three times per month, beginning this month, cargo is now entering and leaving the Ida-Viru County port every week. Regular…
DetailsThe Ukrainian industry of automobile roads is ready for work during several years for a total of UAH 50 billion, Head of the State Agency of Automobile Roads of Ukraine (Ukravtodor) Slawomir Nowak said at a government meeting. “Over the past 11 months we’ve conducted 2,500 procurement procedures for UAH 54 billion. This means that…
DetailsUkraine’s real gross domestic product (GDP) rose by 2.1% in July-September compared with the same period in 2016. The figures are indicated in the updated report of the State Statistics Service of Ukraine. As stated, Ukraine’s economy maintains its positive growth trend. The real GDP in Q3 increased by 0.2% QoQ (taking into account seasonal…
DetailsUzbekistan and Spain have signed agreements on air services and international road transport, the Uzbek Foreign Ministry reported. The document was signed by Foreign Ministers of Uzbekistan and Spain Abdulaziz Kamilov and Alfonso Dastis in Madrid. The signed documents create a legal basis for the development of bilateral cooperation in the transport and communication sphere…
DetailsPort of Tallinn as been shortlisted for the Green Port/Terminals 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.…
DetailsBelarusian dairy products will keep their positions on the Russian market due to their popularity, including the popularity of Belarusian cheeses, Aleksei Bogdanov, Head of the Central Office for Foreign Economic Activities of the Belarusian Agriculture and Food Ministry, reported in response to Russian plans to stop importing cheese completely. The official said: “We are…
DetailsShareholders of the public joint-stock company Kyivenergo have decided to reorganize business via dividing the company into types of activities, the company’s press service has reported. After the reorganization of Kyivenergo two new companies will be created: one will distribute electricity and operate power lines, and the other will supply electricity. This division is required…
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