Commission for money withdrawal from DNB Bank’s ATMs has been introduced by Swedbank and only for its own clients, DNB Bank’s representatives say. “DNB Bank has not changed conditions for its clients – DNB Bank clients will still be able to withdraw money from this bank’s ATM network in accordance with previous conditions,” the bank…
DetailsSince Q2 2016, the employment rate in Latvia has increased by 0.8%. In Q2 Latvian employment rate (62.6%) was the highest recorded since Q2 2008 (63.1%). In Q2 in Latvia there were 891.7 thousand employed persons aged 15-74. Compared to the previous quarter, in Q2 the employment rate rose by 1%, while the number of…
DetailsUkraine’s GDP growth by 2.4% in the second quarter is not enough, Prime Minister Volodymyr Groysman said during a conference meeting in the city of Dnipro. “In the second quarter, there was a 2.4% GDP growth. That is, the economy is growing, but this is not enough for us, our task is to increase this…
DetailsPrime Minister of Ukraine Volodymyr Groysman says that the development of industry’s potential is the basis for Ukraine’s economic growth. Groysman also noted ArcelorMittal Company as an example of large-scale infrastructure development. “At Yuzhny seaport, ArcelorMittal opened a new transshipment complex for blue re-bar. Due to record short construction terms and attracted $4.5 million in…
DetailsOAO Vitebskkhlebprom will send the first shipment of frozen bread to Russia, chief technologist of the enterprise Olga Pavlyuchenko reported. The supply contract has been concluded. The first consignment includes more than 10 names of best bakery products of the Vitebsk bakery. The shipment will be made in August. The Vitebsk bakery arranged a special…
DetailsThe Kazakh capital hosted the Finnish Energy Forum. According to Director of the Finnish Business Hub Mukhtar Mankeyev, the Finnish model implies efficient energy use in which the country is the world’s leader. He noted that in order to enter the world’s top 30 developed countries, Kazakhstan intended to use Finland’s experience, adding that in…
DetailsCentral Bank of Uzbekistan will introduce new 50,000 soum banknotes into circulation starting on August 22, says a message on the bank’s website. “Along with the banknotes and coins now in circulation, the issued 50,000 soum banknotes must be accepted at nominal value, in cash payments by all economic entities and population without any restrictions,”…
DetailsConstruction of a new international seaport is underway in the Caspian city of Turkmenbashi. The project aimed at the development of port infrastructure envisages construction of car and passenger terminals, as well as container, loading, polypropylene terminals and other facilities developed in accordance with the environmental safety requirements of GreenPort international standard. Once the seaport…
DetailsItalian food giant Ferrero SpA has held talks with the government of Azerbaijan, which may lead to the company’s support of the hazelnut cultivation in the country. The issue was mulled by Azerbaijani Minister of Agriculture Heydar Asadov and Ferrero officials. Azerbaijan is attempting to increase hazelnut production through a package of incentives that include…
DetailsThe deficit of Ukraine’s foreign trade in goods in January-June increased almost 2.6-fold YoY, to $1.882 billion (in the first half of 2016 some $727.5 million), the State Statistics Service said. According to its data, in June the deficit was $551.6 million, while in May $442.2 million, in April $151.4 million. In January-June exports of…
DetailsIMC agricultural holding has harvested 78,100 tons of winter wheat from 13,700 hectares. According to a holding press release, the yield of this crop was 5.7 ton per ha (in bunker weight), up by 19% YoY, and is the record for all 11 seasons of growing winter wheat by IMC. “Despite difficult weather conditions, both…
DetailsAssets of solvent banks in Ukraine, excluding the insolvent financial institutions, in January-June fell by UAH 18.375 billion ($715 million), or by 1.5% YoY, as of July 1, 2017, to UAH 1.238 trillion, or $48.2 billion, according to the National Bank of Ukraine. The assets decreased by UAH 11.655 billion ($453.5 million), or by 0.9%…
DetailsTallinn public transportation company Tallinna Linnatranspordi AS (TLT) is to begin testing the fully electric Solaris Urbino 12 Electric bus in the capital city on August 15. “Solaris Urbino 12 Electric is the factory’s prototype bus, which will be used for introducing the technological solution of a fully electric bus as well as assessing its…
DetailsContinuing established cooperation, State Revenue Service and Association of Hotels and Restaurants of Latvia will form a joint work group to propose legislative initiatives, SRS representatives say. On August 11, SRS met with leading officials of LVRA. According to SRS, the meeting helped address several important cooperation matters. An agreement was also reached in regards…
DetailsAntonov State Enterprise (Kyiv) has set a goal of passing the certification at the Federal Aviation Administration of the United States (FAA) by late 2020 and ensuring the switch of production facilities to NATO standards, the press service of the enterprise reported. According to the report, the goals are outlined in the production development plans…
DetailsWorld Bank (WB) forecasts the grow of 0.5% to 1% of the Azerbaijan’s economy in 2018, head of the bank’s Baku office Naveed Hassan Naqvi said. This year, Azerbaijan’s economy will probably contract by 1-1.5%, he said. “Unfortunately, Azerbaijan is overly dependent on oil,” he noted. “Nonetheless, oil prices decline and subsequent devaluation of the…
DetailsDnipro Electric Transport municipal enterprise (Dnipro) announced two tenders to buy 25 new 12-meter low-deck trolleybuses made in 2017 for UAH 141.3 million (VAT included). According to the ProZorro e-procurement system, at one tender the enterprise wants to buy 13 battery-driven trolleybuses for UAH 74.1 million. Bids can be submitted until September 11. The auction…
DetailsThe banking system of Ukraine (solvent banks as of the reporting date) in January-June saw UAH 1.85 billion of net loss, the National Bank of Ukraine (NBU) has reported on its website. The NBU also recalled that in Q1 profit of the banking system was UAH 4.1 billion (taking into account adjusting entries as of…
DetailsPJSC Agrarian Fund starts exporting flour to the countries of South America. The first contract on delivery of 96 tons of straight white wheat flour has been concluded. This is reported by the press service of the PJSC Agrarian Fund. “The Agrarian Fund continues developing the export direction. We are opening new markets, in particular,…
DetailsThe issues of improving the pricing policy in Turkmenistan were discussed at the meeting of the country’s Cabinet of Ministers. Turkmenistan’s Deputy Prime Minister Bashim Khojamammadov said at the meeting that it was envisaged to entrust several structures with the compilation of price digests for the respective types of goods in this sphere. Moreover, an…
DetailsThe price rise for butter in Latvia was affected by multiple factors. As a result, the price of butter grew to EUR 3-4.5 thousand per 1 ton in the second half of 2016. This year, however, the price has already grown to EUR 6.3 thousand per 1 ton, as reported by Latvian Association of Traders.…
DetailsDuring the meeting between Danish ambassador in Latvia Hans Brask and Riga Freeport CEO Ansis Zeltins, the two officials discussed the possibility of creating a new cargo and passenger ferry line between Denmark and Riga, as confirmed by the freeport’s representative Vita Gerharde. She said the ambassador visited Riga Freeport on August 9. The main…
DetailsThe Brest house builder Brestzhilstroi has received an order to build dwelling in Gdansk, Poland, Director General of the company Alexander Romanyuk reported. “We established contacts with one of the Polish firms in autumn 2016. We found mutually beneficial areas and concluded an agreement of intent on long-term cooperation. We later opened a subsidiary in…
DetailsYuzhny seaport (Odessa region), the largest port in Ukraine in terms of transshipment, in January-July increased cargo handling by 6.4% YoY, to 25.29 million tons. According to live data from the Ukrainian Sea Ports Authority, the port in the seven months boosted transshipment of exported cargo by 7.5%, to 19.37 million tons, imported freight by…
DetailsPJSC AvtoKrAZ (Kremenchuk, Poltava region), the only Ukrainian producer of heavy trucks, within the contract after winning the tender has shipped three special lab vehicles LSG-10 on KrAZ-5233NE chassis in standard equipment for well exploration to PJSC Ukrgazvydobuvannia. LSG-10 laboratories are designed for geophysical and hydrodynamic studies with the help of in-depth tools introduced into…
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