Uzbekistan is ready to privatize its state airline, but intends keep full control of its gold mines and oil firm, Reuters reported citing one of the country’s top officials. Deputy Prime Minister Sukhrob Kholmuradov said that the country was soon going to announce a deal with the World Bank to help it with a broader…
DetailsIrish low-cost airline Ryanair is holding talks with five Ukrainian cities about opening new flights, Ryanair CEO Michael O’Leary said. “We are currently negotiating with five other Ukrainian cities. Maybe we will open our flights there next summer. I think that we will develop in Ukraine very aggressively and quickly increase the pace of our…
DetailsPrime Minister of Ukraine Volodymyr Groysman says that the introduction of new rules for the privatization of state-owned enterprises will put an end to the shadow component of this process. “The state-owned enterprises of strategic importance will not be sold. Small enterprises will be sold through an electronic auction like ProZorro absolutely openly and transparently,…
DetailsA new Georgian factory that will produce civil aircraft parts for Boeing, Airbus and Bombardier passenger planes opened in the capital city of Tbilisi on May 10. The construction of the high-tech and modern aviation plant began in September 2016. Production is expected to start by 2020. “The first high-tech factory in the South Caucasus…
DetailsMcDonald’s partnered up with Estonian food delivery service Mychef.ee to begin offering delivery from four of its Tallinn locations last week. Since May 4 customers of the service can order delivery from the four most popular McDonald’s locations in the Estonian capital, and the service pledges delivery in 25 minutes or less within a two-kilometer…
DetailsThe proportion of grey economy in Latvia’s construction sector dropped in almost all field last year. For example, while the proportion of envelope waged in 2016 was 34.6%, last year it dropped to 32.1%, says manager of the Partnership of Latvian Construction Entrepreneurs Baiba Fromane. The proportion of companies that do not declare income has…
DetailsSales of electric cars in Ukraine in January-April grew 1.5-fold YoY, to 1,044 units. The rise was due to imports of used cars accounting for 85% of the total sales in Ukraine, according to the Ukrautoprom Association’s press service. The Nissan Leaf model was the most popular electric car in Ukraine over the period under…
DetailsThe Ministry of Finance of Ukraine has attracted to the state budget some UAH 997.897 million at a weekly auction to place domestic bonds. As reported on the ministry’s website, the funds were raised as a result of selling bonds with maturity of 90, 181, 272, 335 and 986 days with an average yield of…
DetailsResponding to a call by regional public transport centers to postpone the implementation of the new public transport regulation by three months, Minister of Economic Affairs and Communications Kadri Simson (Center) said that the appeal included demands, which had already been met and that the centers were given enough time to implement changes. Representatives of…
DetailsAt the beginning of May the number passengers traveling on the St Petersburg – Tallinn and St Petersburg – Riga routes has increased by 18% when compared to the same period of 2017. Half of those passengers traveled from St Petersburg to Tallinn, according to data from Lux Express. The largest number of Russian tourists…
DetailsChina CITIC Bank is interested in buying a Belarusian bank. The idea was discussed as Prime Minister of Belarus Andrei Kobyakov met with a delegation of the Chinese corporation CITIC Group led by President Wang Jiong. According to Andrei Kobyakov, the possibility of buying a share in a Belarusian bank has already been discussed with…
DetailsIn January-March consumer loans were provided most actively by the state-owned banks and banks with private Ukrainian capital, the press service of the National Bank of Ukraine (NBU) reported. “Consumer lending remains high – for the first quarter the volume of lending portfolio to individuals increased by 5.6%, to UAH 83.8 billion, or by more…
DetailsThe state-owned company Ukrspecexport, a part of the State Concern Ukroboronprom and Ukraine’s main exporter of all types of weapons and military equipment, increased its net profit by 69% YoY in January-March, to UAH 64.34 million ($2.4 million) from UAH 38 million ($1.4 million). Net revenue from sales of products in Q1 stood at UAH…
DetailsMogilev companies are planning to branch out into the Japanese meat and dairy market. Relevant contracts may be concluded at the first Belarusian-Japanese economic forum in Japan on May 9-11, Ambassador Extraordinary and Plenipotentiary of Belarus to Japan Ruslan Yesin announced. “The forthcoming forum will include meetings between Mogilev meat and dairy producers and Japanese…
DetailsAccording to information released by Statistics Estonia on May 8, the consumer price index (CPI) in April increased by 0.4% MoM and by 2.9% YoY. Compared to April 2017 goods were 3.2% and services 2.4% more expensive. Regulated prices of goods and services have risen by 7.6% and non-regulated prices by 1.6% compared to last…
DetailsA new composition of asphalt is for the first time used in Bishkek for repair of roads, the head of the Capital Construction Department Nurlan Eshenbaev reported. “The difficulty is that our manufacturers have no experience in it. The components are slightly different. This causes a delay in repairing the streets,” he said. “The use…
DetailsIn April Ukrainian producers delivered 41,800 tons of sugar to foreign markets, down by 12% MoM (47,200 tons in March), the press service of the Ukrtsukor National Association of Sugar Producers of Ukraine reported. “Although the pace of shipments slightly decreased, the geography of exports has not changed. Most shipments were made to Uzbekistan –…
DetailsUkrainian agricultural producers reported that the planted areas under buckwheat would reduce, due to expansion of the areas under late spring crops, including corn and sunflower seed. At the same time, the situation developed due to some decline of prices for the crop. According to agrarians, to date the average bid price for buckwheat totals…
DetailsBelarus’ gold and foreign exchange reserves exceeded $7 billion as of May 1, the Information and PR Department of the National Bank of the Republic of Belarus (NBRB) reported. According to the preliminary data, Belarus’ gold and foreign exchange reserves, if calculated in accordance with methods of the International Monetary Fund, totaled $7.038 billion (in…
DetailsKapital Bank will have launched its first virtual branch by the end of this year, Deputy Chairman of the Management Board of the Bank Nahid Zeynalov said at the presentation. According to Zeynalov, today Kapital Bank is the largest in the country by number of branches. The bank has over 100 branches and offices in…
DetailsPassenger traffic in the two Armenian airports grew by 10.4% YoY in January-April, the general department of civil aviation reveals. Overall, 737,861 people used the services of Zvartnots airport in the capital city, Yerevan, and Shirak airport in the northern city of Gyumri. In April alone 212,782 people used the services of the two Armenian…
DetailsUkraine’s State Fiscal Service (SFS) reimbursed UAH 43.6 billion worth of value added tax (VAT) in January-April, the SFS press service has reported on its Facebook page. “UAH 43.6 billion worth of VAT was reimbursed to taxpayers in January-April. Compared to the respective period last year, the amount of compensation grew by 14.7%, or by…
DetailsThe PrivatBank’s website has entered the Top 10 most visited banking websites and resources in the world. This is stated in a press release. “As of March 1, the PrivatBank’s website took the tenth position among the Top 50 most visited banking websites in the world, which is headed by the websites of such U.S.…
DetailsA delegation of Turkmenistan, headed by Deputy Prime Minister Chary Gylydjov, held talks in the Federal Ministry of Economy and Energy of Germany, says a message of the Turkmen Foreign Ministry. The eighth meeting of the joint working group for trade and economic cooperation was held in Berlin. The sides discussed expanding ties in such…
DetailsThe state enterprise Kyrgyz Avtobeketi plans to resume the international bus route Bishkek – Tashkent, spokesman for the Ministry of Transport and Roads of the Kyrgyz Republic Kylychbek Dosumbetov reported. According to him, the cost of an adult ticket is 1,000 soms, for children above five – 500 soms, younger children can travel free of…
DetailsAzerbaijan plans to increase the wine exports 5-fold by 2025, according to the State Program for the Development of Winemaking in Azerbaijan in 2018-2025, approved by President Ilham Aliyev on May 3. The State Program reads that winemaking is one of the profitable and historical spheres of the agro-industry. According to the statistics, 210 wineries…
DetailsIn January-April revenues from taxes and fees totaling UAH 202.billion were transferred to the general fund of the state budget, up by UAH 20 billion YoY, the press service of the State Fiscal Service (SFS) reported. In January-April UAH 121.5 billion in revenues from tax payments were transferred to the general fund of the state…
DetailsThe energy sector of Ukraine should be transparent, demonopolized and competitive. “We could have become a completely energy-independent country in previous ten years, but this did not happen. Now we have set a course for energy independence, energy saving and production of our own Ukrainian gas, which will be enough for us to meet the…
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