Latvia: farming efficiency on the rise

With increased investments, Latvian farmers have managed to increase efficiency in the industry, a bank survey showed. According to the results of a survey performed by Swedbank, in 2017 farmers plan to invest money in grain dryers and towers, in updating machinery and buying agricultural land. “It is positive that farmers recognize that new technological…


Ukraine: Ukrzaliznytsia suggests reducing shortage of grain hoppers

JSC “Ukrzaliznytsia” offered customers a new mechanism to reduce the rolling stock shortage, in particular grain hoppers. “Ukrzaliznytsia suggests shippers to consider a possibility of increasing the number of rail cars by purchasing and subsequently providing them to Ukrainian Railways in financial leasing”, said the head of the board Wojciech Balczun. According to him “Ukrzaliznytsia…


Belarus: light industry companies seal $112 million worth of deals at Forum of Regions

The Bellegrom Concern companies have signed some contracts worth a total of $112 million with their Russian partners during the fourth Forum of Regions of Belarus and Russia, according to Bellegprom’s official website. The forum comprised a fair that featured the products of 15 Bellegprom companies, namely Baranovichi Cotton Production Amalgamation, Lenta, Rechitsa Textile, Nadex,…


Kyrgyzstan: energy consumption up in June 2017

Energy consumption in Kyrgyzstan increased, the National Electric Network of the Kyrgyz Republic reported. According to the operational data of the Central Dispatching Service NENK, electricity consumption in June was 763.14 million kilowatt-hours. The daily maximum power consumption reached 1,465 MW. The peak of daily maximum consumption was fixed on June 21 – 26.79 million…


Azerbaijan: funding for construction of road in Tartar approved

Azerbaijani President Ilham Aliyev has signed an order to provide funding for the construction of Tartar-Seydimli-Garadaghli-Sarov road.

Under the presidential order, 7 million manats is allocated from the state budget for the construction of the road connecting 20 residential settlements with a total population of 24,000 people. (Trend/Business World Magazine)

Turkmenistan: Ashgabat-Tashkent-Ashgabat flights to be launched

Representatives of Uzbekistan Airways and Turkmenistan Airlines have held meetings in Tashkent city regarding carrying out the flights between the capitals of the two countries, the press service of Uzbekistan Airways reported. The meetings were organized as part of the implementation of the memorandum of cooperation between Uzbekistan Airways and Turkmenistan Airlines signed in May…


Ukraine: energy market watchdog issues gas supply license to Naftogaz affiliate

The National Commission for Energy, Housing and Utilities Services Regulation (NCER) has issued a natural gas supply license to Naftogaz Ukrainy gas supplying company LLC. The decision was made on July 4. Gaz Ukrainy, the subsidiary of Naftogaz Ukrainy, fully owns the limited liability company. Earlier Naftogaz Ukrainy Commercial Director Yuriy Vitrenko said that Naftogaz…