Belarusian-Swiss train factory Stadler Minsk will roll out the first train for the Minsk metro in Q3-Q4, Deputy Operations Director at the state-run enterprise Minsk Metro Andrei Mikhailovsky declared. The four-car train will have two control cars (one at each end of the unit). It will be operated on line 2 at first and then…
DetailsThe total amount of state and state-guaranteed debt in hryvnias as of December 31, 2017 has grown by UAH 2.142, to UAH 2.142 trillion, according to the Ministry of Finance of Ukraine. This is an 11% growth compared to the amount recorded in the previous reporting period. The state and state-guaranteed debt in the dollar…
DetailsThe private joint-stock company Zaporizhtransformator (ZTR) has signed three contracts to supply six transformers to committed partners in Georgia, ZTR has reported on its website. The contracts, the cost of which is not disclosed, envisage the delivery of two 40 MVA/110 kV transformers for the Vartsikhe cascade of hydroelectric power plants and two similar transformers…
DetailsThe serial production of Belarusian-Chinese 25-ton mobile cranes ZMC-25 has been started in Mogilev. The first special vehicles have already been sold to Russia, Zoomlion-MAZ Director Yuri Pivovarov declared. The Belarusian-Chinese joint venture was busy developing and certifying new models throughout last year. The mobile crane ZMC-25 was assembled in Mogilev as a prototype model…
DetailsConstruction of the archives facility in Bishkek requires 100 million soms, Director of the State Archives Orunbai Akhmedov announced at the board meeting of the State Registration Service on January 31. He noted that in the neighboring Kazakhstan, in Almaty, the city archives facility was located in a nine-story building. SRS Chairman Dastan Dogoev noted…
DetailsUzbekistan’s Agrobank will create an association of lemon producers in the Qashqadaryo region, the Ministry of Agriculture and Water Resources said in a message. Such a decision was voiced during the working visit of Uzbek President Shavkat Mirziyoyev to the region. In the region Mirziyoyev familiarized himself with an innovative project by Akbar Saidov, graduate…
DetailsThe state-run enterprise Ukrkhimtransammiak saw an 80% fall in net profit in January-September 2017, to UAH 108.771 million, the Economic Development and Trade Ministry has reported on its website. Net sales revenue decreased by 49.7%, to UAH 854.895 million, while gross profit fell by 75.6%, to UAH 188.824 million. As reported, in 2016 Ukrkhimtransammiak saw…
DetailsThe Antimonopoly Committee of Ukraine (AMC) estimates the share of PJSC Myronivsky Hliboproduct of the poultry market at 38%, and that of Agromars Complex LLC at 12%, the press service of the agency has reported. “During the period from 2015 to 2017, more than 100 business entities were engaged in production of chicken meat. According…
DetailsAccording to information released by Statistics Estonia on January 30, the turnover of retail trade businesses in December 2017 increased by 1% YoY at constant prices, totaling EUR 654.5 million. The turnover of stores selling manufactured goods increased by 7% compared to December 2016. Turnover increased in most economic activities, except for in non-specialized stores…
DetailsThe State Mortgage Company plans construction of economy class housing, Chairman of the Board of the State Mortgage Company Baktybek Shamkeev reported. According to him, this work began in Naryn in September 2017. “By the end of 2018 we plan to have completed the construction of a 60-apartment residential building and launched a lease mechanism…
DetailsChina’s Gezhouba Group Cement Co., Ltd. plans to commission a cement plant in Kazakhstan’s Kyzylorda region in December, said the company’s head, Lee Min, on the sidelines of a meeting with the region’s head, Krymbek Kusherbaev. The parties discussed the construction of the cement plant in Shieli, Kyzylorda region, by the Chinese company, as well…
DetailsThe total amount of wage arrears in Ukraine in 2017 increased by 32.2%, while in December 2017 they fell by 8.3% and as of January 1, 2018 amounted to UAH 2.368 billion, the State Statistics Service has said. According to its data, in December 2017 wage arrears at economically active enterprises decreased by 12.7% and…
DetailsIn the current season Ukraine harvested more than 1 million tons of peas, and its export would reach the level of 500-600 thousand tons, which would become a record, the Ukrainian electronic grain exchange GrainTrade reported. During 5 months of the season-2017-2018 the exports of Ukrainian peas increased by 77% YoY, to 475.1 thousand tons,…
DetailsMogilev Meat-Packing Plant has sent the first batch of beef to China, the company’s director Vladimir Latygovsky declared. “The first batch of frozen meat was shipped to China on January 27. The meat was carved and packed in line with the Chinese requirements. The products are expected to hit the Chinese store shelves at the…
DetailsThe GDP growth in Turkmenistan amounted to 6.5% in 2017. This was stated at the enlarged meeting of the Cabinet of Ministers. This figure in the industrial sector amounted to 5.5%, construction – 1.3%, transport and communications complex – 11.1%, trade – 9.4%, agriculture – 5%, and services – 9%. In comparison with the same…
DetailsThe Tajik State Service of Veterinary Control has banned imports of non-Halal meat products. From now on, only accredited foreign suppliers will be able to import meat products to Tajikistan. Before issuing such accreditation, Tajik experts will personally visit facilities abroad and check the quality and safety of the products. In addition, the products must…
DetailsThe Ukroboronprom State Concern has started creating the radar and electronic warfare cluster, the press service of the concern reported. The state-owned enterprise (SOE) Scientific and Production Complex Iskra is the leading enterprise of this cluster. A significant growth of sales volumes in 2017 for the needs of the Ministry of Defense of Ukraine was…
DetailsThe private joint-stock company Fozzy Group (Vyshneve, Kyiv region), a part of Fozzy Group trade and industrial group, saw an 83.3% fall in net profit in 2017, to UAH 165.4 million. The company said that its assets fell by 16.6%, to UAH 1.572 billion. Debts decreased by 45%, to UAH 171.177 million. Undistributed profit rose…
DetailsAS Air Baltic Corporation will launch a new summer season route between Almaty and Riga on April 29, the airline’s press service reported. The new route will provide new convenient travel opportunities for passengers from the Baltic countries and Kazakhstan to the destinations of airBaltic’s route network that covers Europe, Scandinavia, Russia, and the Middle…
DetailsAccording to preliminary data of Statistics Estonia, the production of milk amounted to 791,800 tons in 2017, up by 1% YoY. The number of dairy cows increased slightly by the end of the year, and the average annual milk production per cow increased as well. On December 31, 2017 the number of bovines in Estonia…
DetailsDecision of the specialized interdistrict economic court of Almaty to forcibly terminate the activities of Kazinvestbank JSC entered into force on January 24, the press service of the Kazakhstan Deposit Insurance Fund (KDIF) reported. All deposits of individuals in Kazinvestbank JSC were transferred to DB Alfa-Bank JSC. KDIF will attract an agent bank for payment…
DetailsMyronivsky Hliboproduct (MHP) in 2017 sold 532,727 tons of poultry to external consumers, which corresponds to the level of 2016. According to the information of the agricultural holding on the website of the London Stock Exchange, in the fourth quarter of 2017 it sold 113,746 tons of chicken, down by 13% YoY, mainly due to…
DetailsA consortium of Enerparc AG and Rodina Energy Group has built a pilot solar power plant with a capacity of 1 MW near the Chornobyl nuclear power plant (NPP), Rodina Energy Group CEO Yevhen Variahin has said. “From the technical point of view, the construction has been completed. We are commissioning it. The plant is…
DetailsIn 2017 the managing company of the holding company Belarusian Cement Company exported 1,412,000 tons of cement worth $68.2 million, up by 42.6% YoY, representatives of the holding company reported. The positive dynamics was secured by the commissioning of new enterprises with state-of-the-art technologies and constant cost-reduction efforts. “Over the last two years we’ve managed…
DetailsSeven cargo bridges are planned to be built on the territory of the Baku International Sea Trade Port (the Port of Baku) in January-March, Azerbaijani Economy Minister Shahin Mustafayev said. “Warehouses, additional buildings and other infrastructure facilities are also planned to be built till March,” he said. “Moreover, the operational building of the Port of…
DetailsInflation in Kazakhstan in 2018 is projected in the corridor of 5-7%, said the chairman of the National Bank of Kazakhstan Daniyar Akishev during a press conference on January 25. He added that in 2017 annual inflation amounted to 7.1%, which corresponded to the initial target corridor (6-8% for 2017). “Slowing of the inflation took…
DetailsUkrainian farmers since the beginning of the 2017-2018 marketing year (MY, July 2017 – June 2018) as of January 24 exported 23 million tons of grains, the press service of the Ministry of Agrarian Policy and Food reported. In particular, Ukraine has exported 11.9 million tons of wheat, 3.9 million tons of barley, 13,200 tons…
DetailsAntonov Airlines has opened its office in Houston, Texas, the United States, the company has reported in its official blog. “Antonov Airlines, which has recently established a USA base in Houston, Texas, as part of ongoing global expansion, has transported an outsized communications satellite for Orbital ATK,” reads the report. It notes that one of…
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