In April Ukraine supplied 24.9 thousand tons of flour to foreign markets, which became the minimum monthly value in 2017-2018 MY, as well as down by 9% YoY (27.4 thousand tons). Decreasing of the interest in Ukrainian flour from its key consumer – North Korea, which did not received the supplies in March and April,…
DetailsEstonia’s Ministry of Justice has introduced a bill to amend the Commercial Code to resolve an issue that has in practice inhibited foreign investors from investing in Estonian private limited companies. Currently, e-residents have either founded or are shareholders in approximately 5,600 businesses registered in Estonia. So few e-residents have registered new businesses thus far…
DetailsAs technologies continue developing, the use of green energy gradually becomes more and more attractive to Latvian residents. The majority of respondents note that they may start using biomass (23%), solar batteries (22%) and even wind turbines (13%) in the next ten years, according to results of Baltic International Bank’s latest Latvian Barometer. When asked…
DetailsThe Government of Moldova has adopted two resolutions on the liberalization of road transport and air services with Ukraine, the government’s press service has reported. “Moldovan freight carriers will no longer pay taxes for transit across Ukraine. On the basis of the approved documents, the international carriage of goods both bilaterally and in transit for…
DetailsThe parliamentary committee on industrial policy and entrepreneurship has supported some governmental bills in the sphere of trade protection, the Economic Development and Trade Ministry reports. “On May 23 the Verkhovna Rada committee on industrial policy and entrepreneurship supported a number of draft laws on trade protection approved by the government in February 2010. The…
DetailsThe Deposit Guarantee Fund has resumed payments to the depositors of insolvent bank PJSC Profin Bank, the Fund’s press service reports. “From May 23 the Deposit Guarantee Fund has started paying refunds to the depositors of PJSC Profin Bank under bank deposit agreements, regardless of the date of their termination and under bank account agreements…
DetailsIn 2017 the Belarus-Israel trade rose by more than 50%, the Belarusian Embassy in Israel reported. On May 21-22 an official delegation headed by Belarus Deputy Prime Minister Mikhail Rusy visited Israel for the 6th meeting of the joint Belarusian-Israeli committee on trade and economic cooperation. “During the meeting the parties reviewed the economic cooperation…
Details“Today’s situation in the world forces all to strengthen the country’s defense capability,” Kazakh President Nursultan Nazarbayev said opening the V International Exhibition Weapons Systems and Military Equipment KADEX-2018 in Astana. “Our country pursues peaceful policy aimed at strengthening good-neighborly relations with near and far-abroad countries. However, today’s situation in the world forces all to…
DetailsA delegation of the China Export & Credit Insurance Corporation (Sinosure), headed by Executive Director Wang Yi, held a business meeting in the International Bank of Azerbaijan (IBA), the bank said in a message. As part of the meeting, Abbas Ibrahimov, acting chairman of the IBA board, spoke about the IBA’s activities, its role in…
DetailsCereal producer Agricom Group has opened an oat flake facility in the village of Mykhailo-Kotsiubynsky in Chernihiv region to increase production capacity. Construction of the $10.5-million facility took three years and would increase production capacity by 1 million kilograms per month, said the company. Investment for the construction was made up by 40% of the…
DetailsThe Deposit Guarantee Fund of Ukraine has extended the terms of liquidation of PJSC Real Bank, the Fund’s press service reports. “The Executive Directorate of the Deposit Guarantee Fund approved a decision dated May 17 No.1384, to extend the term of liquidation of PJSC Real Bank for one year, from May 21, 2018 until May…
DetailsEncouraged by the success of the change at its Sikupilli location, Prisma has decided to switch its Lasnamae and Mustika Centre supermarkets to 24-hour schedules as well. “A lot of people get back from their country homes late at night during the summer,” Prisma Peremarket spokesperson Piret Lankots said. “We want to offer them the…
DetailsBykhov Vegetable Canning Factory sent the first batch of canned products to Tajikistan, the factory’s turnaround manager Alexander Morozov reported. “The arrangement to deliver our products to Tajikistan was reached during the Belarus National Expo in Dushanbe. We responded promptly to the requests of our partners and sent a consignment of canned green peas, corn…
DetailsOne more mountain ski resort will be built at the Turgen gorge, Almaty region. “The mountain ski park will include the full range of existing ski resorts. The ski trails will be stretching over 180 km to welcome more than 30,000 guests at a time. Hotels with a capacity to accommodate 24,000 at a time…
DetailsIn autumn Ukraine and Turkey will sign a memorandum of understanding for the exchange of aviation equipment between the two states under simplified procedure, the press service of the State Aviation Service of Ukraine reported. “On May 17-18 a meeting was held between the representatives of the Directorate General of Civil Aviation (DGCA) of Turkey…
DetailsThe railway line connecting Kyiv’s central train station with Boryspil Airport will have been constructed by December 1, Acting Board Chairman of PJSC Ukrzaliznytsia Yevhen Kravtsov stated at a meeting with Prime Minister Volodymyr Groysman, the government’s press service reports. “The object will be commissioned by December 1. The construction has been launched. We’re negotiating…
DetailsBelAZ, the managing company of BelAZ holding company, plans to start supplies of haulers to the Philippines, according to the website of the company. “Coming to the Philippine market has become possible due to an effective policy of equipment promotion and systematic work of the dealer in this south-eastern region, Belazia PTE. LTD., which has…
DetailsA proposal to increase the minimum wage by 20 euros, to 420 euros next year has reached Lithuania’s Tripartite Council, which is set to make the decision later. The proposal was submitted by Gediminas Simkus, head of the Bank of Lithuania’s Economics and Financial Stability Service. Arturas Cerniauskas, chairman of the Council, representing employees, said…
DetailsBy 2019 Azerbaijan plans to have eliminated dependence on imported butter almost completely, Samir Eyyubov, Chairman at Azerbaijan Milk and Dairy Producers and Export Association, declared. “Azerbaijan is heavily dependent on the import of butter. The state intends to resolve this issue. To this end, until the middle of 2019, two new enterprises will be…
DetailsUkrainian nuclear power plants (NPPs) produced 186.01 million kWh of electricity on May 20, the press-service of Ukraine’s State Enterprise “National Nuclear Energy Generating Company Energoatom” reports. On May 21, 9 out of 15 power units were functioning at the Ukrainian power plants. It was the 72nd day of average planned repairs at power unit…
DetailsFinal tests of a new modification of the Skif anti-tank guided missile system have taken place in Chernihiv region. “The tests included launches of Skif anti-tank guided missiles. All targets were successfully hit,” the press service of Kyiv’s Luch State Design Bureau wrote on Facebook. The Skif portable anti-tank guided missile system is designed to…
DetailsGeorgia’s air navigation service provider Sakaeronavigatsia is marking its 25th anniversary by opening a new air traffic control (ATC) office and a training center at Tbilisi International Airport, equipped with state-of-the-art technology. Georgia’s Prime Minister Giorgi Kvirikashvili congratulated Sakaeronavigatsia officials and said this was another step forward to increase flight safety and to develop the…
DetailsThe Estonian Center for Defense Investment (ECDI) has seen interest from several bidders in its tender to refit 37 CV-90 infantry fighting vehicles (IFVs). Four international companies are in the running, namely BAE Systems, Flensburger Fahrzeugbau Gesellschaft, Bristol Trust, plus a joint offer from Uhinenud Depood and Scania Eest, to refit the Swedish-made vehicles, in…
DetailsThe European Bank for Reconstruction and Development (EBRD) is organizing a loan together with the Clean Technology Fund (CTF) and the Asian Development Bank (ADB) to fund the construction of a 50 MW solar power plant in Baikonur in central Kazakhstan, a region known as the base for space exploration and a testing ground, the…
DetailsThe new Ukrainian low-cost airline SkyUp Airlines has received an air operator certificate that gives it the right to perform flights, the company’s press service has reported. During the first stage, SkyUp will use two 189-seat Boeing 737-800s produced in 2013 that had previously been used by Malaysia Airlines. Now these aircraft are being repainted…
Details