In the first ten months of 2017, a total of 71.5 million liters of beer was produced in Latvia, up by 9.36% YoY, according to data compiled by the State Revenue Service. 89.28 million liters of beer were imported to Latvia in ten months of 2017, up by 16.15% YoY. 136.9 million liters of beer…
DetailsDuring the meeting with Belarusian Minister of Transport and Communications Anatoly Sivak and Lithuanian Minister of Transport and Communications Rokas Masiulis discussed the successfully operating chain of Belarusian cargo transportation using the services provided by the Lithuanian Railways and Klaipeda State Seaport, as well as the outlook of bilateral cooperation in developing the necessary transport…
DetailsThe Asian Development Bank (ADB) has signed a $14.27 million loan agreement with the government of Georgia to upgrade and improve the Tbilisi metro, which currently benefits over 300,000 commuters daily. “The project will help meet the growing demand for reliable, safe, and efficient sustainable transport – a high priority of the government,” said Yesim…
DetailsUkraine’s Finance Ministry expects that the deficit of the national budget in 2017 would be retained within the 2.4% of GDP target, Deputy Finance Minister Serhiy Marchenko has said. “The deficit is expected to be 2.4% of GDP. We do not see any risks that the target is not met,” he said at a press…
DetailsDirector of the Financial Stability Department at the National Bank of Ukraine (NBU) Vitaliy Vavryshchuk says the share of non-performing loans in Ukraine’s banking system is a record high in the entire history of international observations. “We have established a somewhat unpleasant and very costly record for the country’s economy and banking sector: the highest…
DetailsThe Belarusian bank OAO Belinvestbank received EUR 50 million as a subordinated loan from the European Bank for Reconstruction and Development (EBRD) on December 18, the Belinvestbank press service declared. The money was transferred as part of the arrangements made when EBRD President Suma Chakrabarti visited Belarus in September. It is a unique deal for…
DetailsAzerbaijan will launch the production of Tatra trucks from 2018, the Azerbaijani embassy in the Czech Republic said. A memorandum was signed between Ganja Automobile Plant production association and Tatra company at the embassy of the Czech Republic in Azerbaijan. The document was signed by head of Ganja Automobile Plant Khanlar Fatiyev and chairman of…
DetailsThe plans for the development of rail transport in Uzbekistan include the transportation of foreign trade goods via the Baku-Tbilisi-Akhalkalaki-Kars railway with an opportunity to reach the ports as part of the pilot program. It is planned to participate in the creation of the Azerbaijan-Georgia-Turkey-EU countries transit corridor by determining the volumes of transportation of…
DetailsThe state budget for the next year envisages UAH 6 billion from the State Regional Development Fund to implement important projects in the regions of Ukraine, and UAH 1.9 billion of subventions will be used for the development of the infrastructure in united territorial communities, Deputy Regional Development, Construction, Housing and Utilities Services Lev Partskhaladze…
DetailsBy the end of the year, the construction of an underwater gas pipeline from the village of Ocheretyne in Donetsk region to Avdiivka should be completed, Ukrainian Deputy Prime Minister and Minister for Regional Development, Construction, Housing and Utility Services Hennadiy Zubko said during a working visit to Donetsk region, the press service of the…
DetailsBelarus intends to supply over 2,000 tons of starch to China in 2018, Belarusian Agriculture and Food Minister Leonid Zayats said, when commenting on the results of his visit to the country. “Today China has a keen interest in our starch. We exported more than 1,200 tons of starch to the country in January-October. During…
DetailsThe Baku Stock Exchange (BSE) has registered the issue prospectus of interest-bearing book-entry registered unsecured bonds of OJSC Unibank, said the BSE in a message on December 18. One thousand bonds at a par value of $10,000 each have been issued. The yield on the bonds will be 6% per year. Unibank has been operating…
DetailsWind farms belonging to Enefit Green, the renewable energy arm of the Estonian state-owned energy group Eesti Energia, produced more electric energy in the first 11 months of 2017 than in all of 2016. Output from the four wind farms owned by Enefit Green totaled 190 gigawatt-hours, exceeding its 2016 total of 185.5 gigawatt-hours. 190…
DetailsRomania’s Blue Air seeks to launch a flight between Lviv and Brno (the Czech Republic). Head of Lviv international airport Tetiana Romanovska gave the information at a press conference of Ukrainian Infrastructure Minister Volodymyr Omelyan to present financial results in Kyiv. She recalled that in November Wizz Air announced the launch of some flights from…
DetailsSugar production in Ukraine as of December 13 amounted to 1.83 million tons, according to the Ukrtsukor National Association of Sugar Producers. According to the report, sugar refineries processed 12.83 million tons of sugar beets. As reported, the new season of sugar production in Ukraine began on August 30. According to the association’s forecasts, in…
DetailsTurkmenistan is globally recognized as a major producer of energy resources, President Gurbanguly Berdimuhamedov said in an address on occasion of the professional holiday of workers of the oil and gas industry and geology. Turkmenistan’s recognition as a major producer of energy resources is clearly demonstrated by major projects implemented in the oil and gas…
DetailsThe Belarusian haul truck manufacturer BelAZ exported some 96% of its output in January-November, representatives of the company reported. BelAZ products were shipped to 28 countries. The company exported about 96% of its output, with the export growth rate at 188%. The company exported more products to every region: Russia (182.1%), other CIS states (215.5%),…
DetailsThe Ministry of Economy of Kyrgyzstan reported on the harvest of sugar beet, the press service of the department reported. The areas sown with sugar beets amounted to 10,600 hectares. In 2016, 638,100 tons of beet were harvested, 57,300 tons of sugar were produced. This year, the harvest reached 671,500 tons of beets, and sugar…
DetailsDarnytsia wagon repair plant (Kyiv), a branch of the public joint-stock company Ukrzaliznytsia, has annulled nine tenders to buy 2,000 drop bottom gondola cars of general use at the expected price of around UAH 1.2 million (VAT included) per car. According to information on the ProZorro e-procurement portal, the tenders were annulled, as less than…
DetailsProduction of motor vehicles in Ukraine rose by 67% YoY in January-November, to 7,654 units, according to the Ukrautoprom Association. In particular, the number of manufactured passenger cars grew by 72.2%, to 6,544 units, while the production of commercial vehicles fell by 22.7%, to 423 units. At the same time, the number of buses manufactured…
DetailsAldaris concludes 2017 with three new contracts, commencing exports of products to China, France and the Netherlands. Until now Aldaris has exported products to eight markets, with the largest being United Kingdom, taking up 78.71% of Aldaris export volume, as reported by the company. Aldaris board member Sigita Ozola comments: “We are truly satisfied with…
DetailsElectric energy consumption in Belarus is projected to increase by 3 billion kilowatt-hours by 2020, Belarusian Deputy Energy Minister Vadim Zakrevsky announced. “Under the optimistic scenario, electricity consumption will reach some 40 billion kWh by 2020, growing by 3 billion kWh from 2017. This increase includes 2 billion kWh to be used by the real…
DetailsThe Riigikogu has adopted the 2018 State Budget Act, according to which Estonia’s state budget will exceed EUR 10 billion for the first time. The budget was passed in the 101-seat chamber in the third and final reading with a 55-41 vote. The size of expenditures and investments set out by the budget is EUR…
DetailsUkrainian airlines in January-November increased passenger traffic by 29.6% compared to the corresponding period of 2016, to 9.826 million people. According to the data from the State Aviation Service of Ukraine, during the reporting period Ukrainian airlines increased international passenger traffic by 30.8%, to 8.967 million people. Passenger traffic through the airports of Ukraine rose…
DetailsInfrastructure Minister Volodymyr Omelyan says that ongoing negotiations with the Irish low-cost airline Ryanair are coming to an end, as a new agreement with Boryspil Internarial Airport has been reached. “I believe that Ryanair will enter the Ukrainian market, our negotiations are coming to an end. We have managed to find a consensus with Boryspil…
DetailsWhile Estonian state-owned rail cargo operator EVR Cargo has estimated this spring that it would finish the year with a profit, the company now says that this will not be the case after all. The cargo operator’s October and November net profit totaled EUR 719,000. Due to low goods volumes during the previous three quarters…
DetailsThe Belarusian mechanical engineering company Amkodor and the government of Russia’s Republic of Bashkortostan have signed an agreement on introducing and developing modern automated forest harvesting technologies in the republic, according to the Amkodor website. The document was signed during the first interregional forum on developing Bashkortostan’s northeast. Amkodor representatives took part in the forum.…
DetailsJSC NC Kazakhstan temir zholy has launched www.rail-travel.kz and mobile application ktjportal where passengers can purchase train tickets and access information about the company’s services. According to KTZ, users can buy tickets for the trains with or without e-check-in, join a waiting list if tickets are not available for the chosen destination, as well as…
DetailsThe owner and president of DCH Group Oleksandr Yaroslavsky has submitted a package of documents to the National Bank of Ukraine (NBU) seeking the approval of the acquisition of Prominvestbank (PIB, Kyiv), Deputy NBU Governor Kateryna Rozhkova has said. “On December 8 late in the evening the package of documents from Yaroslavsky arrived. Earlier we…
DetailsMonetary base in Ukraine increased by 0.6% in November, to UAH 378.746 billion, or $14 billion, according to the National Bank of Ukraine (NBU) website. The monetary base has shrunk by 0.7% since the beginning of the year, the report says. According to the data provided, the money supply, or M3, increased by 0.3% in…
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