Wheat crops take up more than 700,000 hectares of agricultural areas in Turkmenistan. Vegetation watering was carried out. Additional mineral fertilizing of soil will be done closer to spring. Seeds of high-yield wheat were being used during the sowing. Measures to protect winter crops against pests and diseases are being taken. About 1 million tons…
DetailsUkraine imports 80% of the consumed fish, according to First Deputy Agrarian Policy Minister Maksym Martyniuk. He stated that Ukraine had huge potential for import substitution. “We need to develop the production of aquaculture: once the fish is produced in Ukraine and sold for the Ukrainian hryvnia, then poachers, who now receive fish for free…
DetailsPrivatBank has started an internal investigation into the leakage of bank secrecy, the bank has said in a press release. “We want an understanding of the need to conduct this complicated work in the bank and avoid public manipulation using unreliable information regarding the investigation process, both in statements by politicians and public figures with…
DetailsSlutsk Yeast Plant plans to reach the full capacity in 2019, Chairman of Belgospishcheprom Concern Alexander Zabello reported to Belarus President Alexander Lukashenko. “We launched the plant on June 29, 2017. It started operating in August 2017. Yes, the level of utilization is not high at the first stage: about 23% of the designed capacity.…
Details2,300 rail cars of a new modification are going to be released in Pavlodar region in 2018, governor Bulat Bakauov informed. “Last year due to support of the government Kazakhstan’s Wagon-Building Company, which had been idle for two years, resumed production. As a result we increased growth of machine engineering industry 1.2-fold. This year we…
DetailsAzerbaijan’s GDP volume reached around 6.05 billion manats in January 2018, up by 2% YoY, according to a report of the State Statistics Committee. The volume of GDP per capita stood at 618.5 manats. In January the volume of GDP produced in the non-oil sector of the country increased by 3.9%, while a decline of…
DetailsNaftogaz Ukrainy from March 1 will reduce the price of gas sold to industrial consumers on a prepayment basis by 10.8% (UAH 994.8) compared to February, to UAH 8,201 for 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…
DetailsA member of Ryanair board Juliusz Komorek has confirmed plans earlier announced by Ukrainian Infrastructure Minister Volodymyr Omelyan to launch flights from Ukraine in autumn. “This is a real date. I hope this happens,” he said, adding that changes would be made to the routes announced last year. Earlier Omelyan said that Ukraine was in…
DetailsThe final data on the year 2017 by the European Union statistical bureau Eurostat showed that both the economy of the EU and the euro area had expanded at the quickest pace since 2007. Economist Ryan Djajasaputra of the South-African, British banking group Investec evaluated that much of the growth in 2017 had been driven…
DetailsBelkommunmash has delivered forty trolleybuses to Togliatti, which became the Belarusian company’s largest supply to Russia over the past three years. Belkommunmash won a tender to supply 40 trolleybuses of 321 Model to Togliatti. Seeking to improve the environmental situation the Russian city authorities have been actively renewing the fleet of electric transport vehicles. Many…
DetailsUzbekistan Airways, the flag carrier of Uzbekistan, has introduced the second frequency of direct flights on the route Tashkent – New York – Tashkent. The flights will be performed starting from April 5 according to the following schedule (local time): Thursday: HY 101 Tashkent 05:45 – New York 10:00 Thursday: HY 102 New York 12:45…
DetailsThe economic sentiment indicator in Ukraine, calculated by the State Statistics Service, in the first quarter of 2018 was 110.1% compared with 104.3% and 105% in the fourth and third quarters of 2017 respectively, indicating its transition to the stage of recovery. According to the service, three out of the five indicators of business confidence…
DetailsThe public joint-stock company Ukrzaliznytsia intends to increase prices of passenger transportation by rail by 10% from April 1. The company plans to increase the prices two more times this year. According to a report of the Magistral media center of PJSC Ukrzaliznytsia posted on its website, the management of the company calls this decision…
DetailsTajikistan may resume supplies of electricity to Uzbekistan from. The total export of Tajik electricity to the neighboring country will amount to at least 1.5 billion kilowatt hours per year. To date, Dushanbe and Tashkent are discussing the terms of supply of Tajik electricity to the Uzbek market, including prices. The final decision on this…
DetailsThe National Economy Ministry of the Republic of Kazakhstan has published data on the country’s total crop and adjusted plantings for the 2017 harvest. In addition, the release includes somewhat surprising figures for grain yields. The Statistics Committee of the Ministry expanded the barley acreage in Kazakhstan to a much greater degree than expected, while…
DetailsBuilding the next new section of Tallinn-Tartu Highway narrower than originally planned and without yet adding the final layer of asphalt is economically efficient and will have no negative effects on road safety, Minister of Economic Affairs and Infrastructure Kadri Simson (Center) said. “In the search for possibilities to achieve the maximum outcome under conditions…
DetailsRevenues of local budgets in Ukraine grew by 31% or by UAH 45.3 billion due to the decentralization reform carried out in 2017, Prime Minister Volodymyr Groysman wrote on his Facebook page. “665 united territorial communities have already been created in Ukraine. Territorial communities receive millions of hryvnias for infrastructure development: they buy equipment for…
DetailsEnergoatom in January increased electricity production by 9.3% YoY (by 747.8 million kilowatt-hours), to 7.259 billion kWh, the press service of the company has said. The target was met by 101.6%. Electricity sales on the wholesale market during the reporting period totaled 6.842 billion kWh compared to 7.57 billion kWh. Energoatom’s share of total electricity…
DetailsIn 2017 Azerbaijan exported wine products worth $6 million, economy minister Shahin Mustafayev said at a press conference on February 13.
Furthermore, Azerbaijani wines worth $1 million were delivered to China, he said. (Trend/Business World Magazine)
Belarus’ Agriculture and Food Ministry reduces the minimum recommended export prices for some types of dairy products from February 14, according to the website of the ministry. The minimum recommended export prices for partly skimmed milk powder and whole milk, dry milk products with fat content higher than 1.5% are decreased by 5 Russian rubles.…
DetailsForeign companies can only win from investing in construction sector in Azerbaijan, President Ilham Aliyev said on February 13 at a meeting with a delegation led by Wolfgang Buechele, chairman of Germany’s Committee on Eastern European Economic Relations. Speaking about the construction materials sector, the Azerbaijani president stressed that a big cement plant was built…
DetailsDart Airline (Kyiv) has suspended servicing its own flights over low occupancy of planes, the airline has reported. “This happened around two or three weeks ago,” the airline said. According to the register of civil planes, as of February 13, Dart airline does not have aircraft. However, Airbus A320-212 plane with UR-CII code, Airbus A321-211…
DetailsThe public joint-stock company Ukrzaliznytsia has denied information that the company has allegedly been involved in transportation of military cargo from Russia to Transdniestria. “According to the information from the automated systems of PJSC Ukrzaliznytsia, the transportation of military cargoes indicated in the application was not carried out from the Russian Federation to Transdniestria,” the…
DetailsFinnish shipper Viking Line has shifted the departure times of its vessel Viking XPRS on the Tallinn-Helsinki route to one hour earlier. Based on the schedule that entered into force on February 12, Viking XPRS is to depart from Tallinn at 7 a.m. and 5 p.m. and from Helsinki at 10:30 a.m. and 8:30 p.m.,…
DetailsPresident of Turkmenistan Gurbanguli Berdimuhamedov confirmed the structure of the Turkmen part of Turkmen-Belarus intergovernmental committee on scientific and technological cooperation. Document was signed in order to further develop cooperation between Turkmenistan and Belarus, a message of the Turkmen government said. Turkmenistan is one of the key partners of Belarus in Central Asia, message on…
DetailsValdo Kalm, CEO of the Estonian state-owned port company Port of Tallinn, said that possible cooperation with Chinese companies would most likely be together with the state-owned rail freight operator EVR Cargo. “Interest in and openness to cooperation with Chinese companies is of course there from our side,” Kalm said. “There was certain activity that…
DetailsThe banking system of Ukraine, including both solvent and insolvent financial institutions, saw UAH 25.972 billion in losses in 2017, down 6-fold YoY. According to the data released on the website of the National Bank of Ukraine, solvent banks in 2017 reported a UAH 24.360 billion loss, while insolvent ones saw a loss of UAH…
DetailsUkraine’s large and medium-sized producers made 13.9 KMT of mayonnaise in December 2017, up by 12% MoM and YoY, when its production was at 12.4 KMT. In the full 2017 year mayonnaise production gained 0.7% and amounted to 125.5 KMT against 124.6 KMT in 2016. As a reminder, mayonnaise production has been staying at a…
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