Belarus’ target economic development scenario suggests that GDP growth will be 4.1% in 2019. This is envisaged by the draft projections of the social and economic development of Belarus in 2019, Deputy Economy Minister Alexander Chervyakov said at an expanded-participation session of the Economy, Budget, and Finance Commission of the Council of the Republic of…Details
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The largest loss among the banks operating in Ukraine in the first half of 2018 was posted by Ukrainian-based subsidiaries of Russian state-owned banks. In particular, the subsidiaries posted UAH 9.020 billion, or $334 million, in loss, the National Bank of Ukraine (NBU) said on its website. Namely, Sberbank reported UAH 7.176 billion, or $266…Details
Prime Minister Volodymyr Groysman has said that first locomotives manufactured and equipped for Ukraine under the agreement with U.S. multinational conglomerate General Electric will be put into operation this autumn. “This autumn we will start receiving new rolling stock under the agreement on joint production with General Electric. We have lost a lot of rolling…Details
According to Transaviabaltika, the airline serving flights between the Western Estonian islands of Saaremaa and Hiiumaa and the mainland, the average load factor of flights on the Kuressaare route was over 90%, while the load factor exceeded 60% on the Kardla route. According to airline spokesperson Rene Must, last month’s hot summer weather and a…Details
General Electric will spend EUR 18.8 million on a project designed to upgrade the Yerevan Thermal Power Plant, the Ministry of Energy Infrastructures and Natural Resources of Armenia said. According to the ministry, the modernization activities are aimed at increasing the efficiency and reliability of the plant. The modernization includes renovation of the gas turbine…Details
Kazakhstan’s Kaz-Ir AGRO LLP made the first shipment of safflower oil to Japan in the volume of 37.3 tons, Kaz-Ir AGRO said. Kaz-Ir AGRO is the first company in the history of Kazakhstan to supply food products to Japan, specializing in growing safflower, as well as producing unrefined safflower oil of cold pressing. In June…Details
The Austrian Wind Energy Company O.W. WIND.KG and the Kherson Regional State Administration have signed a memorandum of cooperation in the implementation of projects for the construction of wind power plants in Kherson region. “On August 7 the Kherson Regional State Administration and the Austrian Wind Energy Company O.W. WIND.KG signed a memorandum of cooperation.…Details