Estonia: e-export needs development

According to the Estonian Chamber of Commerce and Industry, Estonian business operators use various e-solutions and social media for showcasing their products and services, however they do not take advantage of all e-trade and -marketing opportunities in export. “Like elsewhere in the world, there are more and more companies in Estonia that are involved in…

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Belarus: Minsk trades with 188 countries in 2016

Minsk conducted export and import operations with 188 countries in 2016, the National Statistics Committee reported. Last year the Belarusian capital exported $8.1 billion worth of products, or 34.6% of the country’s aggregate exports. Minsk companies exported tractors and tractive units, trucks, chemical products, refrigerators and freezers, timber, component parts for trucks and tractors, buses,…

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Turkmenistan acting in line with ICAO standards

Turkmenistan’s President Gurbanguly Berdimuhamedov has met with the President of Council of the International Civil Aviation Organization (ICAO) Olumuyiwa Benard Aliu. During the meeting, the sides exchanged views on the prospects of cooperation as part of Turkmenistan’s national civil aviation development program for 2012-2030, being implemented in the country. Under this program, new air harbors…

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Azerbaijan: AccessBank to get additional funds from shareholders

The international ratings agency Fitch Agency has downgraded Azerbaijani AccessBank’s Long-Term Issuer Default Rating (IDR) to “BB-” from “BB+”, says the agency’s report. At the same time, the agency has affirmed the bank’s Viability Rating (VR) at “f”. According to Fitch experts, the bank’s shareholders provided $20 million of equity in March and were committed…

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Ukraine: Ukroboronprom showcasing high-precision weapons at MSPO 2017 in Poland

Ukraine’s state-owned Ukroboronprom concern is presenting the defense military complex products at the 25th international arms exhibition MSPO 2017, taking place in Kielce, Poland, from September 5 through September 8. According to Ukroboronprom, Ukraine at the expo showcases high-precision weapons, including anti-tank missile systems supplied to Ukraine’s army and available for exports. In addition, the…

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Ukraine: wheat export prices down

Bearish price trends persisted on the Ukrainian milling wheat market last week. Average export prices for 12.5%- protein milling wheat closed the week down by another $1-2/MT FOB for September-October delivery. Prices for wheat with 11.5% protein content remained within the last week’s range for September-October delivery. Export prices for feed wheat closed the week…

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Latvia: Border Guard to procure new helicopters

Latvian State Border Guard currently evaluates offers for procurement of new helicopters. The country’s National Armed Forces, one the other hand, has no plans to procure new helicopters in the near future. Until then, old helicopters will be kept repaired and in battle-ready condition, according to available information. It should be noted that Latvia currently…

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Azerbaijan: Armed Forces Relief Fund’s assets exceed 84 million manats

The capital assets of the Azerbaijani Armed Forces Relief Fund amounted to 84,650,521.36 manats ($49.8 million) as of September 1. Azerbaijan’s Defense Ministry reported that the Fund’s dollar account has accumulated $212,873.88, the euro account reached 8,336 euros, while the ruble account made up 5,000 rubles. The Armed Forces Relief Fund, established in 2002, targets…

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Estonia: Economic Ministry to support Estonian Railways with EUR 8 million

The Ministry of Economic Affairs and Communications has submitted a proposal to the government to support the state-owned railway infrastructure company Estonian Railways with EUR 8 million from the Rail Baltic railway project and road management in order to maintain the budgetary balance of infrastructure companies. Estonian Railways must be supported as, according to the…

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