A chemical plant will start operating in Aktau in 2020. It will be built by Topan Chemical Industries. According to Gaisa Zhumaliyev, head of the company, the new factory will produce caustic soda and chlorine-containing products. The project value is $70 million. The plant is expected to be constructed in the Seaport Aktau Special Economic…
DetailsThe Export Credit Agency (ECA) may start working in the fourth quarter of 2018 if its funding is increased by UAH 80 million. “We need UAH 80 million more to take legal and organizational measures needed to launch the agency. For the last six months we have been insisting on the stipulation of the indicated…
DetailsThe National Bank of Ukraine (NBU) is mulling over change in its monetary policy, admitting a possible lack of liquidity in the banking sector in 2019. “Besides the current decision on the key policy rate, the NBU Monetary Policy Committee (MPC) members also discussed potential needs in further modification of the operational design of the…
DetailsLatvian airline airBaltic has carried 2,770,047 more passengers to destinations in Europe, Scandinavia, Russia, CIS and the Middle East in the first eight months of 2018. In August airBaltic carried 440,562 passengers, up by 14% YoY. In addition to that, airBaltic carried 18% more passengers in this year’s summer season than last year, setting a…
DetailsIn January-August the output of machinery and equipment, other vehicles, cars, trailers and semi-trailers amounted to 209.6 million manats, the State Statistics Committee of Azerbaijan said in a message on September 18. Compared with the same period last year, car production grew 32-fold, machinery and equipment production by 16%, while the production of other vehicles…
DetailsThe cost of bread has been reduced in Uzbekistan since September 17. The cost of a loaf of bread decreased from 1,200 soums to 1,050 soums. Earlier, since September 15 the cost of a loaf of bread has almost doubled from 650 to 1,200 soums, which caused discontent among the citizens. Such price fluctuations are…
DetailsBanks with Russian capital in Ukraine have filed cassation complaints against the Kyiv Court of Appeal ruling to freeze their assets. The Civil Cassation Court of the Supreme Court received respective complaints on September 14. As reported, businessman Ihor Kolomoisky achieved the freeze on the assets of three Russian state-owned banks in Ukraine in order…
DetailsUkraine has attracted powerful investments in the field of renewable energy, agrarian sector and retail trade in recent weeks. “Over the past weeks, Ukraine has attracted large investments in the economy: in the renewable energy sector from Norwegian investors, in the agricultural sector from a Saudi Arabia company, and into retail trade from Swedish brands…
DetailsThe Lithuanian Finance Ministry has revised upwards its forecasts for the country’s GDP growth this year and next year. The ministry expects the economy to expand by 3.4% in 2018, by 2.9% in 2019 and by 2.5% in 2020. The forecasts are up from the ministry’s estimates of 3.2%, 2.8% and 2.5%, respectively, published in…
DetailsThe Central Bank of Azerbaijan (CBA) sees the potential for further reduction of the discount rate, Chairman of the CBA Elman Rustamov declared. Rustamov said the monetary regulator (CBA) this year had done much in this direction. “Nevertheless, external risks have recently intensified, in particular, those related to volatility of the national currencies in a…
DetailsYildirim Holding, a Turkish company, plans to launch soda ash production in Zhambyl region. In December 2017 Head of State Nursultan Nazarbayev had a meeting with Robert Yuksel Yildirim, CEO at Yildirim Holding, at the EXPO Congress Center in Astana. The meeting participants discussed prospects for investment projects in the chemical industry of Kazakhstan. In…
DetailsIn parallel with late cereals and legumes harvesting Kiev region has begun sugar beet harvesting. As of September 13 in Kiev region agrarians started late cereals, legumes and technical crops harvesting, Kyiv Regional State Administration reported on its Facebook page. That 36.9 thousand tons of sugar beet have been harvested with the average yield of…
DetailsUkraine boosted exports of poultry meat and offal to 184,600 tons January through July, up by 8.9% YoY. Today Ukraine ranks 7th in terms of exports of broiler meat among the countries that sell this product abroad, the press service of Ukraine’s Ministry of Agrarian Policy and Food has said. The largest importers are Japan,…
DetailsDuring an extraordinary meeting, members of Ogre County Council supported creation of an egg and egg product plant in Madliena Parish, which had been picked by a Ukrainian investor as a location for the plant. The municipality has received an application from SIA Gallusman board chairman Arnis Veinbergs with information regarding the plans of Ukrainian…
DetailsMore than 3.3 million shipments weighing over 275,000 kilograms were processed in the transit center of Azerpost LLC and sent to 15 countries in the first seven months of 2018, Ministry of Transport, Communications and High Technologies reported. The postal operator delivered them to the U.S., Germany, Austria, Belarus, Great Britain, Czech Republic, France, Iran,…
DetailsSZAO BelGee intends to have increased car output up to 1,400 cars per month by the end of the year, the company’s Acting Director General Gennady Svidersky reported. At present BelGee makes 50 cars every eight-hour shift or 1,000 cars per month. The executive said: “From the point of sales we have to raise the…
DetailsThe National Bank of Ukraine (NBU) has reported how much foreign currency it gas sold to prop up the hryvnia, Ukraine’s national currency. The NBU’s forex sales on the country’s interbank forex market in August exceeded purchases by $621.3 million, the bank said on its official website. The central bank conducts forex interventions on the…
DetailsThe price of natural gas for industry and households in Ukraine is likely to grow after negotiations with the International Monetary Fund (IMF), Ukrainian Energy and Coal Industry Minister Ihor Nasalyk has said. “What will be the outcome of negotiations? The premier has already announced that we cannot conduct unconstructive talks with the IMF. There…
DetailsAzerbaijani President Ilham Aliyev has signed an order to provide funds for the construction of Bujag-Mukhas-Bash Dashagil road in Oghuz region.
Under the presidential order, the Azerbaijan Highway State Agency is allocated 9.4 million manats for the construction of the road connecting four residential areas with a total population of 4,000 people. (AzerNews/Business World Magazine)
Changes implemented to Tartu-Helsinki flight schedules this April have not had a positive impact on passenger numbers at Tartu Airport. While August 2016 saw nearly 2,800 passengers on flights served by Tartu Airport, just 2,003 passengers flew on the airport’s Tartu-Helsinki-Tartu route last month. Over the past two years, the decline in passenger numbers has…
DetailsAs of September 13 Kostanay region has harvested only 1.7 million ha of grain crops, or about 43% of the total amount. 4,997 farm producers work in Kostanay region to sow 3,937,600 ha of cultivated area. More than 62,000 units of equipment are involved in reaping the harvest. The harvesting campaign is falling behind the…
DetailsUkraine’s Ambassador to Belarus Igor Kizim expressed confidence in further dynamic development of economic cooperation with Belarus as he spoke at an event to mark the 27th anniversary of the independence of Ukraine. According to the diplomat, Belarus and Ukraine maintain active dialogue at the governmental and regional levels. In his words, there is no…
DetailsToday the food industry of Ukraine covers nearly 90% of the domestic consumer market with the quality food products. Moreover, the industry plays an important role in the foreign trade, forming more than 50% of the turnover of the agricultural area of Ukraine, declared the deputy minister of agrarian policy and food of Ukraine on…
DetailsThis year Russia has significantly increased imports of tomatoes to about 410,000 tons, up by 17% YoY. At the same time, Uzbekistan distinguished itself as one of the most significant contributions to the growth of supplies. The country increased the export of fresh tomatoes to Russia 3-fold in H1 2018. In the first six months…
DetailsPort of Tallinn (AS Tallinna Sadam) says its shares have been listed on the OMX Nasdaq Tallinn Stock Exchange in the Baltic Main List since June 13. The trading symbol of the shares is TSM1T and the number of common shares outstanding is 263,000,000, of which 176,295,032 (67,03%) is owned by the Republic of Estonia…
DetailsAccording to the results of January-July there is $705.7 of state debt of Kyrgyzstan per capita. The debt burden increased by $0.7 MoM. According to the Ministry of Finance, as of July 31, the debt amounted to $4,415.26 billion or 300,502.46 billion soms. About $3,808.03 billion (259,074.27 billion soms) of the sum is the external…
DetailsThe debts owed by Ukrainian banks to the National Bank of Ukraine (NBU) for refinancing loans amounted to UAH 60.303 billion, or $2.15 billion, as of September 1, up by 2.9% YoY. At the same time, the banks’ debts for refinancing have shrunk by 12.2% since the beginning of the year, the NBU has said…
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