Belarus: Belavia to get five Embraer aircraft on leasing terms in 2019-2020

The Belarusian air carrier Belavia will get five Embraer aircraft on leasing terms in 2019-2020, Belavia Director General Anatoly Gusarov declared. The executive said: “We’ve finished negotiations with the Irish company Nordic Aviation Capital on acquiring five Embraer aircraft on leasing terms.” In line with the contracts Belavia will get three Embraer 195 aircraft and…

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Ukraine: reforms to significantly improve investment climate

Ukraine is resolutely carrying out reforms so that to significantly improve the investment climate, President Petro Poroshenko stated in an interview with the German business newspaper Handelsblatt, the president’s press service reports. “We are resolutely implementing reforms to improve the investment climate significantly. The evaluation of the World Bank can be more trustworthy than the…

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Ukraine: Nibulon completes yet another stage of the Southern Buh dredging

On April 4 Nibulon completed another stage of dredging operations on the Southern Buh River. Despite the adverse weather conditions, low temperature, and wind, the dredging operations have been performed according to schedule. According to the company, the dredging has been finished before spawning, as promised. The operations have been performed by Mykolaivets self-propelled dredger.…

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Azerbaijan: hazelnut production to grow

Azerbaijan intends to significantly increase hazelnut production in 2018, according to the Azerbaijan Hazelnut Exporters Consortium. Its representative noted that the Consortium planned to increase production by almost 48%. “We plan to produce 60,000-65,000 tons of hazelnut in 2018, which is much more than last year. As for exports, this depends not only on increasing…

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Belarus: construction of MAZ-Weichai engine factory begins in Great Stone

The construction of the MAZ-Weichai engine factory has begun in the China-Belarus industrial park Great Stone. The joint venture established by the Belarusian automobile engineering company and the Chinese corporation Weichai is supposed to start making engines by the end of 2018. The groundbreaking ceremony took place in September 2017. Preparatory work – the development…

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Belarus: gold and forex down in March 2018

Belarus’ gold and foreign exchange reserves totaled $6.99 billion as of April 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 totaled $6.994 billion (in equivalent) as of April 1. In March the country’s gold and…

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Ukraine: Kyiv gets new low-floor trams

The Kyivpastrans municipal enterprise has received a batch of new low-floor trams with a high degree of passenger comfort, the enterprise has reported on its Facebook page. “Kyivpastrans once again received a batch of new Electron T5B64 low-floor trams with a high degree of comfort, a reduced level of vibration and noise, an air conditioning…

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Belarus: BelAZ exports up in Q1 2018

BelAZ, the managing company of BelAZ holding company, increased its exports by 80% YoY in Q1, the company reported. In January-March the company exported about 96% of its products. The company sold to 24 countries. Russia, Uzbekistan and Kazakhstan made up the top three customers of the Belarusian factory. BelAZ increased supplies to Russia by…

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Kyrgyzstan: international reserves decrease

Despite the absence of interventions, Kyrgyzstan’s gross international reserves are decreasing, the National Bank reported. Following the results of March, Kyrgyzstan’s reserves amounted to $2,118.65 billion. Over the month, they reduced by $3.61 million. But since the beginning of the year the figure has increased by $32.19 million. The National Bank uses international reserves to…

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Azerbaijan: Ganja Automobile Plant produces 10,000th Belarus tractor

The Ganja Automobile Plant has produced 10,000th Belarus tractor, the plant reported. Belarusian Deputy Prime Minister Vladimir Semashko, Azerbaijani Deputy Prime Minister Yaqub Eyyubov, Ambassador of Belarus to Azerbaijan Gennady Akhramovich, Director General of the Minsk Tractor Plant Fyodor Domotenko, Director General of the Minsk Automobile Plant Dmitry Katerinich, Head of the Ganja Executive Power…

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