In January-June the Port of Tallinn handled 10.09 million tons of cargo, up by 1.4% YoY. According to the Port Authorities, transshipment of containers climbed by 6.4%, to 108,920 TEUs. Transshipment of liquid bulk cargo grew by 1%, to 4.28 million tons, and Ro-Ro – by 8.9%, to 2.73 million tons, while transshipment of dry…
DetailsIn 2018 Ukraine will receive about $2 billion from the IMF, as well as loans from the EU and the World Bank, which will provide an opportunity to increase international reserves up to $20.7 billion by the end of this year. However, in 2019-2020, due to peak payments on external public debt, the balance of…
DetailsUkrainian banks in the first half of 2018 reduced the number of operating structural divisions by 361, to 9,128 as of July 1, according to the National Bank of Ukraine. According to the data published on the regulator’s website, the largest number of branches during the period under review was shut down by state-owned banks,…
DetailsThe Belarusian automobile engineering company OAO BelAZ has opened a modern technical support center in Russia’s Ural Federal District, the press service of the Belarusian Industry Ministry reported. The center for repairing and maintaining BelAZ mining vehicles was opened in the city of Berezovsky, Sverdlovsk region. The center had been built by BelTransLogistik Company, an…
DetailsSince June Uzbekistan has begun exporting fresh fruit to India. Uzbekistan will export sweet cherries and apricots to the markets of Delhi for the first time. Uzbekistan also plans to start exporting other types of fresh and dried fruit and vegetables to India in 2018. By July 8, Uzbekistan has exported sweet cherry worth over…
DetailsFinnair air carrier resumes its flights to Astana. The flights will be operated from July till September twice a week on Wednesday and Fridays by comfortable Airbus 319. The flight duration is four hours, the press service of the Nursultan Nazarbayev International Airport JSC said. Last summer Finnair transported more than 3,000 passengers. (Kazinform/Business World…
DetailsUkraine exported 67,600 tons of sugar in June of the current marketing year (2017-2018 MY, September through August), up by 25% MoM, the National Association of Sugar Producers, Ukrtsukor, has reported. “Large batches of sugar in June were shipped to Uzbekistan (51%) and Libya (35%), while smaller batches were exported to Azerbaijan (5%), Armenia and…
DetailsThe positive dynamics of Ukraine’s GDP growth will remain at 3.2% by the end of 2018, and it may also increase by about 3% in 2019, First Vice Prime Minister – Minister of Economic Development and Trade Stepan Kubiv stated when presenting the government’s report for the first half of 2018 at a meeting of…
DetailsWarmer-than-usual weather was observed in the country on July 2-8. The average weekly air temperature was 0.5-1.5 degrees C above normal, at +20-22 C. Precipitation occurred late in the week, being unevenly distributed over the country. Its rates totaled mostly 1-10 mm (5-55% of weekly normal), even 17-38 mm (100-250% of weekly normal) in some…
DetailsThe catamaran ferry Runo, which serves a regular connection to the remote Estonian island of Ruhnu in the Gulf of Riga, is expected to resume operation on July 13 after its main engine is replaced. “Thus far, everything has gone as planned,” Andres Laasma, board member of ferry operator Kihnu Veeteede AS, said. “The ship’s…
DetailsUzbekistan intends to start construction of its nuclear power plant. Uzbekistan and Rosatom, Russia’s state corporation, reached an agreement to build a two-reactor nuclear power plant (NPP). It is expected to put it into commission in full by 2028. NPP construction will let the country save 3.7 billion cubic meters of natural gas a year.…
DetailsThe Ukrainian State Air Traffic Service Enterprise (UkSATSE) and the European Aviation Safety Agency (EASA) have signed an agreement to carry out the audit of Uzhhorod International Airport, which is scheduled to be launched this year, Infrastructure Minister of Ukraine Volodymyr Omelyan said following the 36th session of the European Civil Aviation Conference, which was…
DetailsThe Deposit Guarantee Fund has resumed payments to the depositors of insolvent PJSC Fidobank, the fund’s press service reports. “From July 9 the Deposit Guarantee Fund has been paying refunds to the depositors of PJSC Fidobank under bank deposit agreements, regardless of the date of their termination and under bank account agreements (including card accounts),…
DetailsAn agreement for the preparation of a feasibility study for the Wisla River Waterway has been concluded in Gdansk. It was signed by the representatives of the Port of Gdansk Authority SA: President Lukasz Greinke and Vice-President Macin Osowski, as well as Artur Mazurek, representing the contractor selected by tender, the British company Halcrow Group…
DetailsA state-of-the-art Belarusbank branch has been opened in the China-Belarus industrial park Great Stone. Belarusbank Deputy Chairwoman of the Board Svetlana Kozhekina stressed: “It is a particularly important branch because it will become the face of the entire bank not only in the industrial park but for all our present and future partners from China.…
DetailsAccording to the results of May, the state debt of the country reached $707.2 per capita. In a month, the debt burden of each resident of the country decreased by $1.6. According to the Ministry of Finance, as of May 31 the volume of state debt (external + domestic) amounted to $4,425.1 billion (302,905.43 billion…
DetailsUkraine in the first six months of 2018 imported 8,400 tons of pork, up 8-fold YoY. “In January-June Ukraine received 8,400 tons of fresh, chilled and frozen pork against 924 tons in the past year with an aggregate value of $15.4 million,” the Association of Ukrainian Pig Breeders reported. The major pork suppliers remain the…
DetailsNatural gas reserves in Ukrainian underground storage facilities (USFs) have increased by 55.4%, or by 4.12 billion cubic meters since the gas injection season started on April 9, to 11.554 billion cubic meters. Some 366.55 million cubic meters of gas was injected into the USFs on July 1-7, according to the state-run gas transport system…
DetailsPresident Dalia Grybauskaite has signed the laws overhauling the country’s tax system, adopted by the Seimas. For the laws to come into effect early next year they must be published six months earlier. The laws are related to the personal income tax, state social insurance, health insurance, tax administration, the profit tax, public procurement, VAT…
DetailsThe President of Kyrgyzstan Sooronbai Jeenbekov adopted amendments to the law on highways, the press service of the head of state reported. The requirements for roads were brought in line with the technical regulations of the Customs Union “Road Safety”. These regulations provide for minimum necessary safety requirements for roads and the processes of their…
DetailsAzerbaijan Hazelnut Producers and Exporters Association (AHPEA) intends to expand the geography of hazelnut exports on the European market, the association’s Chairman Ismayil Orujov declared. He said that last week Azerbaijan Export and Investment Promotion Foundation (AZPROMO) organized an export delegation to Switzerland, and about 12 Azerbaijani producers took part in it. “It is important…
DetailsAccording to the results of Airports Council International (ACI Europe), Boryspil International Airport in May took the first place in the category of airports that handle 10-25 million passengers, the airport’s press service posted on its Facebook page. “The coordinated work of our team continues to multiply success,” reads the report. Boryspil Airport showed the…
DetailsThe international reserves of Ukraine declined by 1.1% YoY in June, to $17.978 billion, the press service of the National Bank of Ukraine reported. “The international reserves of Ukraine as of July 1 amounted to $17,978.2 million (in equivalent), according to preliminary data. They decreased by 1.1% over June, mainly due to payments on public…
DetailsUzbek joint-stock commercial bank Asia Alliance Bank together with Kazakhstan’s export insurance company KazakhExport and “Alfa Bank” JSC have successfully executed a deal for a total of $1.5 million. The main objectives of the bank’s foreign economic activity are to attract resources of the world financial institutions for financing the sectors of the economy of…
DetailsBelarus’ gold and foreign exchange reserves totaled $6.83 billion as of July 1, the Information and PR Department of the National Bank of the Republic of Belarus (NBRB) reported. According to the preliminary data, Belarus’ international reserve assets made up $6.831 billion as of July 1. In June gold and foreign exchange reserves decreased by…
DetailsAccording to the information released by Statistics Estonia, the consumer price index (CPI) in June was up by 0.9% MoM and by 4% YoY. Compared to June 2017 goods were 4.1% and services 3.9% more expensive last month. Regulated prices of goods and services rose by 11.2% and non-regulated prices by 2.1% YoY. Compared to…
DetailsExperts say the ongoing labor migration Ukraine is seeing now may impede the country’s economic recovery, which was observed in the first half of 2018. “The only positive example in the Ukrainian realities is what the IT sector has done. Firstly, the introduction of taxation at 5% of the amount of income means the development…
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