Ukraine: trade with Germany up in 2017

In 2017 a bilateral trade between Ukraine and Germany increased by almost 23% YoY, Ukrainian President Petro Poroshenko said after a meeting with German President Frank-Walter Steinmeier, the press service of the head of the Ukrainian state informed. The head of the Ukrainian state stressed: “I can say that we’ve worked well in the economy.…


Ukraine: sugar confectionery production down in January-April 2018

In January-April Ukrainian sugar confectionery production totaled 22 thousand tons, down by 3.1% YoY, the State Statistics Service of Ukraine reported.

According to the data, in April 5.5 thousand tons of sugar confectionery products were produced, down by 10.8% MoM and by 2.3% YoY. (UkrAgroConsult/Business World Magazine)

Estonia: construction volume up in Q1 2018

According to information released by Statistics Estonia, in the first quarter of 2018 the combined production of Estonian construction enterprises in Estonia and foreign countries increased by 21% YoY, while construction on the domestic market alone increased by 29%. In the first quarter the production value of construction enterprises amounted to EUR 559 million, of…


Kyrgyzstan: Prime Minister instructs to hasten construction of Bishkek-Kara-Balta road

The Prime Minister of Kyrgyzstan Mukhammedkaly Abylgaziev got acquainted with the construction of the section of Bishkek-Kara-Balta road in Sokuluk district of Chui region, the Information Support Department of the Government reported. “The road is one of the busiest in the republic. Taking this fact into account, its construction should be hastened. If necessary, the…


Estonia: local bank account for e-residents starting business not to be required

Estonia’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…


Ukraine: parliamentary committee supports bills on trade protection

The 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…


Belarus: trade with Israel up in 2017

In 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…


Kazakhstan: defense industry development one of priorities

“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…