Belarus is ready to supply Tatarstan with electric buses, Belarus Prime Minister Andrei Kobyakov said as he met with Tatarstan President Rustam Minnikhanov on May 25. “Electric buses are being tested on Minsk streets today. It is a new type of transport for the CIS and we hope for a success of the project,” Andrei…
DetailsThe board of the National Bank of Ukraine (NBU) has decided to lower the refinancing rate to 12.5% as of May 26, from 13% per annum. The decision was sealed in NBU resolution No. 318-rsh dated May 25, the NBU said in a statement. (Interfax-Ukraine/Business World Magazine)
DetailsAccording to the Ag Ministry of Ukraine, sunflower planting was completed on 5223.1 thousand ha as of May 22, that is 97% of the planned 5390.3 thousand ha (official data). Planting runs 4.8% ahead of last year’s pace. 4985 thousand ha of sunflower was sown at the same time a year ago. As of May…
DetailsConstruction work has commenced in Ventspils industrial territory on Talsu Street 200. Latvian National Fisheries Producers’ Organization plans to build a fish freezer facility there, as reported by Ventspils Freeport. It is noted that the 7.3 ha territory on Talsu Street 200, which was used to house an animal farm during the Soviet era, remained…
DetailsBelarus and Russia’s Tatarstan should restore their trade to the level of $2 billion, Belarusian Prime Minister Andrei Kobyakov said as he met with Tatarstan President Rustam Minnikhanov on May 25. “Tatarstan is one of our key trading partners in Russia. We have eventually brought our trade back on the growth path. According to our…
DetailsTajikistan has presented its National Development Strategy for the Period to 2030 at the headquarters of the Shanghai Cooperation Organization (SCO) in Beijing, China. According to the SCO’s official website, a roundtable dedicated to Tajikistan’s National Development Strategy for the Period to 2030 took place at the SCO headquarters on May 24. The meeting was…
DetailsThe Moody’s Investors Service international ratings agency has forecast the Azerbaijani economy to grow by 1.8% in 2018, Petr Paklin, the agency analyst, said at the Moody’s Annual Azerbaijan Summit in Baku on May 25. He noted that Azerbaijan’s GDP growth was highly dependent on the level of oil prices. If the oil prices remain…
DetailsPJSC Ukrzaliznytsia intends in 2017 to raise tariffs for freight transportation by 22.5%, the company said in a press release, with reference to the draft consolidated financial plan posted on its website. According to the press service, the figures are calculated using international financial reporting standards. “Tariffs for passenger rail transportation will not be raised…
DetailsKazakhstan plans to supply lentils, peas, barley and feed corn to the market of the United Arab Emirates, the Deputy Chairman of the Board of the National Chamber of Entrepreneurs of the Republic of Kazakhstan “Atameken” Nurzhan Altaev declared. To date, the parties are discussing the terms of supply of Kazakh products, he said. Altaev…
DetailsLooking at the influence of Latvia’s economy on retail trade industry in Q1 2016 and 2017 it becomes clear that future development of this industry depends on migration and inflation growth rates, as concluded in retail trade outlook Maxima Retail Trade Compass. In this outlook, Maxima Latvia experts provide their opinion on the situation in…
DetailsA total amount of foreign currencies bought in Tajikistan’s foreign exchange (forex) market since the beginning of this year is equivalent to $2.0151 billion, according to the National Bank of Tajikistan (NBT). Meanwhile, a total amount of foreign currencies sold in Tajikistan’s forex market since the beginning of the year is reportedly equivalent to $2.2586…
Details