New technical regulations for the production of cement products, steel frames, electric cables and plastic pipes came into effect on January 15. The updated technical regulations have been based on the best practices of the developed countries of the European Union, says the Technical and Construction Supervision Agency of Georgia. The new construction regulations are…
DetailsFrom 2011 to 2018, the National Bank of Kyrgyzstan has bought monetary gold in the amount of 19.4 billion soms on the domestic market, the press service of the bank reported. To replenish the international reserves at the expense of domestic sources, in 2011 the National Bank resumed the purchase of gold on the domestic…
DetailsUkrainian sugar refineries have produced 1.69 million tons of sugar since August 30, 2018, when the current sugar production season began with the launch of a sugar refinery in Tomashpil, Vinnytsia region. “As of January 14, some 1.69 million tons of sugar had been produced and 12.46 million tons of sugar beets had been processed,”…
DetailsCSA Czech Airlines will resume flights on the Odesa-Prague route from May 30. According to the press service of Odesa International Airport, from May 30 Czech Airlines flights from Prague to Odesa will be operated twice a week on Mondays and Thursdays. From June 17 a flight on Saturday will be added, and from July…
DetailsPower supply in south Uzbekistan will be significantly improved thanks to the construction of the additional generation capacity at existing Talimarjan power plant (TPP) with the help of a up to $240-million sovereign loan provided by the EBRD to JSC Uzbekenergo. The project will be the largest EBRD investment in Uzbekistan to date. The funding…
DetailsAs announced already in 2018, flag carrier Nordica closed down its Oslo, Amsterdam and St Petersburg routes on January 14. The reduced flight plan leaves the airline with eight direct routes this winter. The destinations still available for direct flights from Tallinn are Stockholm, Vilnius, Copenhagen, Brussels, Kiev, Warsaw, Vienna and Munich, the airline said.…
DetailsBankruptcy proceedings for the financially stricken Lithuanian airline Small Planet Airlines have been launched, with information from the Center of Registers showing that Vilnius Regional Court initiated them on January 7. Small Planet Airlines CEO Kristijonas Kaikaris said the move was aimed at securing protection from creditors as the company no longer received revenue after…
DetailsIn 2018, UAH 729.4 billion of payments were transferred to the general fund of the state budget, up by 15.2% YoY. The government’s press service posted this on its Facebook page. This amount includes UAH 390.6 billion of tax payments and UAH 338.8 billion of customs payments. Thus, the state received important financial resources to…
DetailsUkraine’s low-cost airline SkyUp plans to perform direct flights between Lviv and Odesa and filed a request for the necessary slots. According to the schedule published on the website of the Odesa airport, flights are to be conducted on Boeing 737-800 aircraft three times a week from June 2. At the same time, SkyUp said…
DetailsThe Tajik Government plans to increase electricity production 2.5-fold in the next 11 years. According to the country’s energy sector, until 2030, the country’s energy potential will be increased from the current 18 billion to 45 billion kWh per year. This figure will increase the export of environmentally friendly electricity to neighboring countries up to…
DetailsLeading Georgian pharmacies have decided to decrease the price of anti-flu medicine Tamiflu, the cost of which formerly ranged in 72-99 GEL. Aversi and PSP pharmacies have complied with the request to show solidarity with the public and make the medicine more affordable. Aversi management says that the current price for the medicine is 68…
DetailsPublic transport in Tallinn is currently free for all registered residents of the capital city. The coalition Centre Party, however, intends to expand free public transport in Tallinn to all Estonian residents, part of a broader effort to ultimately provide free transport throughout Estonia. According to Centre Party board member Toomas Vitsut, the time has…
DetailsPresident Petro Poroshenko has said that Ukraine’s economic growth in 2019 is expected to reach about 3.4% of GDP, which is the highest in eight years. “We hope that this year economic growth will be within 3.4% – this is a record figure in 8 years. But it’s only the beginning of implementation and results…
DetailsUkrainian producers in 2018 boosted exports of eggs in shell by 21.3%, to almost 107,500 tons, while shell egg exports in monetary terms increased by 37.1%, to $94.1 million. Imports of eggs in shell in 2018 decreased by 40% in physical terms and by 32% in monetary terms, to 3,400 tons and $13.1 million, respectively,…
DetailsAzerbaijani President Ilham Aliyev has signed an Order regarding measures to construct Zardab-Garavalli road in Zardab.
Under the presidential order, the Azerbaijan Highway State Agency is allocated 3.9 million manats for the construction of the road connecting six residential areas with a total population of 7,000 people. (AzerNews/Business World Magazine)
In December 2018 AS Tallink Grupp transported 811,261 passengers, down by 0.5% YoY. The number of cargo units decreased by 4.4%, to 27,076 units and the number of passenger vehicles by 3.3%, to 84,814. In the fourth quarter of the 2018 financial year (October – December) AS Tallink Grupp transported 2,251,084 passengers, down by 2.8%…
DetailsUzbekistan is negotiating to attract Germany’s Deutsche Bahn for reforming Uzbekistan Railways. “Now we are working with Deutsche Bahn, a German state-owned company, the world’s largest railway freight carrier. We are now negotiating with them to attract their experts and consultants to develop a strategy for further activities of Uzbekistan Railways,” said Laziz Kudratov, the…
DetailsThe World Bank has predicted a decline in real GDP of Ukraine, from 3.5% in 2018 to 2.9% in 2019, which is fundamentally different from the IMF forecasts for Ukraine after the launch of the new Stand-By Arrangement. The World Bank published the relevant data in the report Global Economic Prospects on its official website.…
DetailsIn the first 4 months of 2018-2019 MY (July-October) Ukraine imported 509 tons of rye, up 3-fold YoY (238 tons), but down by 62% from 2016-2017 MY (1.3 thousand tons). At the same time, in two recent seasons Ukraine imported the grain exclusively from the EU countries, while in 2016-2017 MY there were rather significant…
DetailsGeorgia will purchase double amount of anti-flu vaccines for 2019-2020 and this will be 80,000 vaccines instead of the 41,000 purchased for 2018-2019, head of the National Disease Control Centre Amiran Gamkrelidze has reported. “The supply we had for 2018-2019 is almost used. In the autumn, before the new season, we will purchase 80,000 vaccines,”…
DetailsAccording to information released by Statistics Estonia, in November 2018, the exports of goods increased by 18% and imports by 15% YoY. The trade deficit was EUR 56 million, dropping under EUR 60 million for the first time since January 2015. In November 2018, the top destination countries of Estonia’s exports were Finland (15% of…
DetailsFreight volume handled in the Port of Liepaja in 2018 climbed by 24.4% YoY, to 7,537,600 tons, the Port Authority says. In the reporting period, transshipment of grain grew by 20.9%, to 3,034,400 tons, anthracite – by 22.6%, to 1.47 million tons, and construction materials – by 21.9%, to 762,400 tons, while transshipment of oil…
DetailsUkraine’s international reserves in 2018 grew by 10.6% YoY, to $20.820 billion, updating a five-year record, according to the National Bank. The last time such figures were reported was in October 2013. The regulator said the reserves were successfully accumulated due to Ukraine securing external financing and the NBU buying up the excessive currency on…
DetailsEnterprises of the State Concern Ukroboronprom announced more than 43,000 commercial electronic tenders in 2018, the press service of the concern reports. “In 2018, more than 43,000 commercial electronic tenders were created by the enterprises subordinated to the State Concern Ukroboronprom. In general, since the launch of electronic trading platforms, the number of announced tenders…
DetailsThe Law on Prevention of Harmful Effects of Alcohol, signed by Turkmen President Gurbanguly Berdimuhamedov, came into force in Turkmenistan. The law defines a legal, organizational and economic framework for the government policy in this area. Trade entities are prohibited from selling alcohol on non-working holidays (except for the provision of catering services) and memorable…
DetailsThe Vilnius-Kaunas motorway will be turned into a highway over the next two years and will see the maximum speed increased from 110 to 130 km/h during summertime. The project is valued at around 65.6 million euros. Road safety measures as well as speed control and warning systems will be installed along the whole road…
DetailsUzbekkhimmash, a subsidiary of Uzbekneftegaz, will direct more than $23 million to a foundry modernization project with construction of a new foundry. The government of Uzbekistan has recently approved main parameters of a feasibility study on this investment project. The new foundry’s annual capacity will be 4,000 tons of casting, of which about 500 tons…
DetailsIn 2018, Ukraine’s state railways operator JSC Ukrzaliznytsia increased passenger traffic by 4 million people compared to 2017. JSC Ukrzaliznytsia transported 55.9 million passengers last year, the press service of the company reported. The increase in traffic happened due to the rational use of cars. “During the New Year and Christmas holidays, we launched about…
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