The Ukrainian Infrastructure Ministry and the Irish low-cost airline Ryanair are holding talks on the possible launch of flights from the city of Kherson to the EU countries, Infrastructure Minister Volodymyr Omelyan announced. “Together with the Kherson regional administration, we are holding talks with Ryanair so that flights of this airline can be lunched from…
DetailsThe European Central Bank (ECB) has withdrawn the authorization of Versobank AS to operate as a credit institution. The ECB followed a recommendation of the Estonian Financial Supervision Authority according to which Versobank had committed serious breaches of legal requirements, in particular concerning the prevention of money laundering and combating the financing of terrorism. Following…
DetailsRetail trade turnover in food stores grew by 9% YoY in January. This includes a 5.8% increase in non-specialized stores and 62.2% in specialized stores, according to information from Maxima retail compass industry review. 2018 commenced with increased growth rate for retail trade sector (except for retail trade of fuel) when compared with the years…
DetailsSeveral streets in Bishkek have been closed for traffic since March 26 due to repairs, press service of the Bishkek City Administration reported with reference to the Capital Construction Department. Akhunbaev (from 25th Street to Kopuro-Bazar) and Orozbekov (from Fere to Mozhaiskaya) Streets were closed. Repair of roads is planned to be completed by the…
DetailsThe index of construction products in January-February amounted to 100.7% compared to the same period in 2017. The Ukrainian enterprises have already completed construction works worth UAH 10.5 billion. This was announced by Deputy Minister of Regional Development, Construction, Housing and Utilities of Ukraine Lev Partskhaladze. “Based on the results of the first two months,…
DetailsUkrainian nuclear power plants (NPPs) produced 219.49 million kWh of electricity on March 25, the press-service of Ukraine’s State Enterprise “National Nuclear Energy Generating Company Energoatom” reports. On March 26, 10 out of 15 power units were functioning at the Ukrainian power plants. It was the 66th day of the average scheduled repairs at power…
DetailsAlready this year in the Kundzinsala territory of the Freeport of Riga it is planned to begin construction works for the development of a spacious, multifunctional cargo handling, warehousing and logistics center that will serve as the hub for cargo distribution and consolidation for goods and products from India and other countries to the markets…
DetailsThe first batch of new trolleybuses purchased at the expense of EBRD funds within the public transport development project arrived in Bishkek. According to the press service of the Bishkek City Administration, 5 trolleybuses out of 37 are already in Bishkek, 4 more trolleybuses are on their way and will arrive in a week. Currently,…
DetailsRussia and the CIS countries are currently the priority markets for the export of Azerbaijani fruit and vegetable products, Bashir Guliyev, chairman of Fruit and Vegetable Producers and Exporters Association of Azerbaijan, declared. “As of today, the Russian market is the main export direction for us. Azerbaijan also exports to CIS countries, mainly to those…
DetailsThe contract for supplying Oplot-T tanks to the Kingdom of Thailand has been successfully completed, Ukroboronprom Director General Pavlo Bukin has said. A press release by Ukroboronprom citing Bukin said the last party of tanks had passed checks by the customers and would be sent to the buyer in the near future. “The contract was…
DetailsIrish low-cost airline Ryanair launches routes from Kyiv and Lviv in October. If its activity is successful, the airline will open a representative office in Ukraine. According to a source close to the negotiation process, Ryanair will launch European routes from Kyiv and Lviv in October. As noted, the new agreement “gives the carrier the…
DetailsRail freight traffic between Belarus and Lithuania went up by 15% in 2017, the press service of Belarusian Railways reported. Head of Belarusian Railways Vladimir Morozov and director general of Lithuanian Railways Mantas Bartuska held talks in Minsk. “The sides discussed Belarus-Lithuania rail freight traffic in 2017 and ways to boost it in 2018. Last…
DetailsS&P Global Ratings kept their “B+” long-term global scale issuer credit rating and “kzBBB-” long-term Kazakhstan national scale rating on Kazkommertsbank (KKB) on CreditWatch with positive implications, where it was placed on December 22, 2017, the press office of the international rating agency reported. At the same time, the rating agency affirmed the “B” short-term…
DetailsFreight volume handled at the Port of Klaipeda in January-February grew by 6% YoY, to 7.25 million tons, the Port Authority statistics said. Transshipment of liquid bulk cargo grew by 7.6%, to 1.98 million tons, and general cargo – by 19.7%, to 2.28 million tons, while dry bulk cargo fell by 3.4%, to 2.99 million…
DetailsPrime Minister of Ukraine Volodymyr Groysman stated that the Ukrainian economy grew by 2.5% in 2017. “Ukraine’s economy grew by 2.5% in 2017. When I became the prime minister, the main task of our government was to stop the decline. We did it and the Ukrainian economy began to grow. I understand that such indicators…
DetailsFinancing of energy saving projects in Vinnytsia region grew by 13%, to UAH 262 million in 2017 compared with the previous year. This has been reported by the department of information activities and communication with public at Vinnytsia Regional State Administration. “The implementation of energy saving projects remains topical issues for the region. In 2017…
DetailsThe talks were held at the Ministry of Foreign Affairs of Turkmenistan with the delegation of the Islamic Republic of Iran headed by the Minister of Oil Bijan Namdar Zangane. Speaking about the political and diplomatic direction of cooperation, the sides noted the role of visits at higher levels. In this context, the Turkmen side…
DetailsLatvian Prime Minister Maris Kucinskis’ managed Finance Sector’s Development Council supported initiative on prohibiting shell companies, as confirmed by the prime minister. “We have reached an agreement on prohibition of shell companies in Latvia,” said Kucinskis, adding that the government planned to review this matter on April 3, and the Saeima – on April 8.…
DetailsThe International North-South Transport Corridor will make a significant contribution to increase in cargo transportation through Azerbaijan, the Black Sea Trade and Development Bank (BSTDB) declared. “BSTDB is interested in such infrastructure projects,” the bank said. “The North-South project is a regional initiative covering several BSTDB member-states, which is another reason for BSTDB to support…
DetailsNaftogaz Ukrainy from April 1 will increase the price of gas sold to industrial consumers on a prepayment basis by 9.8% (by UAH 774), to UAH 8,670 per 1,000 cubic meters (including VAT). According to the company, this price is relevant for consumers buying gas on a prepayment basis in the amount of more than…
DetailsUkrainian aircraft An-225 Mriya has made its first flight after repair and modernization. The pilots raised the Mriya to a height of about 12 kilometers, where they tested the plane’s new navigation equipment. “Our designers have implemented another series of improvements in avionics. Such modernization is going on continuously,” Director of Antonov Airlines Mykhailo Kharchenko…
DetailsLatvian airline airBaltic is launching direct flights from Tallinn to London’s Gatwick Airport on March 27. AirBaltic will operate flights from Tallinn to nine destinations this year. Currently the Latvian airline operates direct flights from Tallinn to Riga, Vilnius, Berlin, Vienna, Paris, and Amsterdam, and as of next week will fly to London as well.…
DetailsArmenia’s nuclear energy production will grow by 10% under the service life extension and modernization program of the second power unit of the nuclear plant, minister of energy infrastructure and natural resources Ashot Manukyan declared on March 21. According to him, the capacity factors of electricity production are currently equally distributed in Armenia. “Nuclear energy,…
DetailsBelarus and Georgia are opening a facility to assemble lifts in Tbilisi, Ambassador of Belarus to Georgia Mikhail Myatlikov said. “The project to set up the assembly production of lifts in Georgia is getting off the ground. About 25,000 lifts need to be modernized in Georgia. Of them at least 50% are of Belarusian make…
DetailsThe National Bank of Ukraine (NBU) has left the list of systemically important banks unchanged. It includes three banks – PJSC CB PrivatBank, JSC Ukreximbank and JSC Oshchadbank, the central bank’s press service reports. “PJSC CB PrivatBank, JSC Ukreximbank and JSC Oshchadbank have been designated as systemically important for 2018. This is stipulated in the…
Details