Ukrainian agribusinesses exported 38.6 million tons of grains from July 1, 2017, the start of 2017-2018 marketing year (MY), to June 20, 2018. In particular, Ukraine exported 16.8 million tons of wheat, 4.2 million tons of barley, 36,800 tons of rye, and 17.3 million tons of maize, the Ukrainian Agrarian Policy and Food Ministry’s press…
DetailsGeorgian Airways is to resume direct flights from Astana to Batumi, the Civil Aviation Committee of the Ministry of Investments and Development of Kazakhstan said in a message. The flights will be carried out once a week on Fridays from June 22 to September 1, according to the message. Batumi is located on the Black…
DetailsThe Mogilev-based producer of confectionery and bakery products Domochay intends to start selling deep-frozen confectionery and bakery products to the European Union in H2 2018, the company’s Director General Natalya Podlesnykh reported. The company’s CEO said: “We’ve done a lot of work to reach this promising and capacious market. It was quite hard considering the…
DetailsThe National Bank of Kyrgyzstan intends to increase the share of gold in the gross international reserves from 16% to 50%, the Chairman of the National Bank Tolkunbek Abdygulov stated. According to him, this is what the National Bank can do in an attempt to protect itself from the volatility of currencies in China and…
DetailsPrime Minister of Ukraine Volodymyr Groysman has stated that the foreign debts accumulated for 2005-2013 impede raising social standards in Ukraine now. He said this at a meeting of the Verkhovna Rada Committee on Economic Policy. “In 2005-2013 Ukraine accumulated almost $50 billion in foreign debts. This year we have to spend UAH 130 billion…
DetailsUkraine is expected to reach energy efficiency at the level of 9% by 2020, compared with the situation in 2005-2009, by implementing the European energy efficiency directives. “Today all the international partners help Ukraine move towards energy efficiency. However, this path is impossible without the implementation of key European energy efficiency directives and a roadmap,…
DetailsThe excise tax on automobile fuel may be scrapped, according to the Belarusian Deputy Finance Minister Dmitry Kiyko. The deputy finance minister said: “We now recognize as a possibility that the state budget may lose considerable revenues within the next 3-5 years and are working out measures to minimize these risks. The greatest challenges include…
DetailsThe city of Qingdao, China’s Shandong Province, hosted an exhibition-fair of products imported to China from the countries represented in the Shanghai Cooperation Organization (SCO). Various products were put up for sale from member countries, as well as countries that had status of observer and a dialogue partner for the organization. The national stand, prepared…
DetailsThe Acting Defense Minister Levan Izoria told lawmakers on June 20 that in the near future Georgia would receive the most modern, man-portable air defense system – FIM-92 Stingers – from the United States. Izoria said that together with Javelins, the new systems would significantly empower the country’s self-defense capabilities. Stinger (FIM-92) is a man-portable…
DetailsAbout one million Ukrainians will receive raised pension payments from July 1, 2018, according to Deputy Prime Minister Pavlo Rozenko “From July 1 the minimum subsistence level will be raised for persons who have lost the ability to work. Pension payments will be increased for approximately one million Ukrainians,” Rozenko said, explaining that payments would…
DetailsIn January-May Ukraine’s local budget revenues increased to UAH 89.7 billion, up by 24.1% YoY, Vice Prime Minister – Minister for Regional Development, Construction, Housing and Utilities Hennadiy Zubko posted on his Facebook page. “In January-May local budget revenues increased to UAH 89.7 billion. The growth in revenues against the corresponding period last year amounted…
DetailsIn the first quarter of 2018 the real growth rate of gross domestic product (GDP) amounted to 5.3% YoY in Georgia, says the National Statistics Office of Georgia (Geostat). In the reporting period the GDP deflator increased by 4.3% and the nominal GDP totaled 9.15 billion GEL. In Q1 the estimated real GDP growth, compared…
DetailsLatvian ports handled 27.072 million tons of freight in the first five months of this year, down by 7.5% YoY, according to data compiled by Transport Ministry. The majority of freight handled by Latvia’s ports consisted of bulk cargoes – 14,701,000 tons, down by 6.7%. The volume of coal handled by ports was 7,852,000 tons,…
DetailsLocalization at the Belarusian-Chinese car manufacturing joint venture BelGee has reached virtually 50%. Belarusian Industry Minister Vitaly Vovk made the relevant statement. When asked when the joint venture would reach the 50% localization target, the official noted: “We have virtually reached the goal.” Vitaly Vovk said that two enterprises were launched together with the holding…
DetailsA regular dialogue between Ukraine and Moldova at the governmental level has contributed to a significant increase in trade between the countries, which amounted to $885 million in 2017, and is expected to grow to $1 billion in 2018, Deputy Prime Minister of Ukraine Volodymyr Kistion said at a meeting with Minister of Economy and…
DetailsThe Chornomorsk maritime merchandise port increased cargo handling in January-May by 32.51% YoY, to 8.735 million tons. According to data from the Ukrainian Sea Port Authority, over the period the port boosted transshipment of export cargo by 15.65%, to 6.42 million tons, while handling of imported cargo grew 2.45-fold, to 1.867 million tons. Transit cargo…
DetailsHKScan Estonia, a subsidiary of the Nordic food group HKScan, hired 44 seasonal employees at Rakvere Meat-Processing Plant to help service increased demand during the summer season. “Considering that last year we reached the absolute sales record of Rakvere-brand products in June and that sales volumes this year are already exceeding last year’s, there are…
DetailsLietuvos Gelezinkeliai (Lithuanian Railways) has joined Interrail, a European train system that allows passengers to buy cheaper tickets for train travel across Europe. Linas Bauzys, director of the Passenger Transportation Directorate at Lietuvos Gelezinkeliai, says that the state railway company aims to improve rail connections with Western Europe. According to him, joining the Interrail system…
DetailsIn January-May the Belarusian automaker BelAZ increased its exports by almost 58.9% in comparison with the same period a year before, the company reported. In January-May the company exported 96% of the output. The growth of supplies to Russia went up by 46.4%, and to the CIS countries (excluding Russia) – 3.3-fold. The leading consumers…
DetailsNorwegian company Scatec Solar plans to enter the Ukrainian market and build two solar power plants in Cherkasy region. “Norwegian company Scatec Solar, which has installed 322 MW of solar power plants in the Czech Republic, South Africa and other countries and has more than 1,092 MW in the pipeline, intends to enter the Ukrainian…
DetailsThe Armed Forces of Ukraine may receive a new Novator armored car – it is considered as one of the possible options for this type of equipment to be put into service. “I’ve heard the report of those responsible regarding the testing process on the possibility of this vehicle’s further supply to the Ukrainian troops.…
DetailsMogilev Meat-Packing Plant has launched commercial supplies of beef cuts to China, director of the plant Vladimir Latygovsky reported. “We have already supplied more than $130,000 worth of frozen meat to China. At the end of June we will send a new batch of products cut and packaged according to the requirements of the Chinese…
DetailsOverhaul of main roads continues on the main directions of Azerbaijan Railways CJSC, the company said in a message. The repair of 40 kilometers of the main track of the Alat-Osmanli-Astara rail line has been underway since March 18 as part of the International North-South Transport Corridor project. An overhaul of seven kilometers of the…
DetailsUzbekistan ranked fourth among the exporters of cherry in the world, due to the active expansion of cherry fields in 2013-2017, the EastFruit company said in a message. In 2017 Uzbekistan exported about 32,000 tons of sweet cherries, up by 5,000 tons from the same indicator of Spain, according to EastFruit analysts. In 2018 the…
DetailsUkrainian Infrastructure Minister Volodymyr Omelyan says the first Hyperloop line may be launched in Ukraine within the next five years. “For the first time, Hyperloop will be tested at a pilot site in Toulouse. The first commercial launch is possible in Toulouse. We want to see at least one Hyperloop line in Ukraine in the…
DetailsThe Infrastructure Ministry of Ukraine has signed a memorandum with Hyperloop Transportation Technologies, the largest company developing the Hyperloop high-speed transport systems, Infrastructure Minister Volodymyr Omelian said following the public discussion “Hyperloop in Ukraine” within the HypeUa project, with the participation of Hyperloop Transportation Technologies CEO Dirk Ahlborn. “We have signed a memorandum with the…
DetailsTo the Latvian state budget, a total of 3.8 billion euros have been paid in the first five months of 2018, up by 11% YoY, the Latvian State Revenue Service stated. According to the calculations by the Latvian tax collector, among the revenue that has contributed the most to the increase, is the company income…
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