Ukraine: Urga airline placed on EU Air Safety List of non-European airlines not meeting standards

The European Commission has placed Ukraine’s Urga Airline (Kropyvnytsky) on the EU Air Safety List of non-European airlines that do not meet international safety standards and are therefore subject to an operating ban or operational restrictions within the European Union. According to a press release of the European Commission, the company is placed on the…


Belarus: Tajikistan interested in assembling MTZ cotton-farming tractors

Tajikistan is interested in assembling cotton-farming tractors made by the Belarusian company MTZ, representatives of the company declared after a delegation of the Tajikistan government visited the enterprise. The Tajikistan government is considering organizing the joint production of tractors. The tractors may then be sold not only in Tajikistan but also in the entire Central…


Ukraine: Ukrzaliznytsia’s development until 2021 foresees UAH 130-150 billion investment in modernization

The strategy of development of PJSC Ukrzaliznytsia for 2017-2021 provides for a comprehensive modernization of rolling stock and infrastructure, company chairman Wojciech Balczun has said. “In the next five years we plan to invest UAH 130-150 billion,” he said at a press conference in Kharkiv. According to him, in particular, it is planned to upgrade…


Ukraine: agricultural commodities production down in January-April 2017

In January-April the production volumes of agricultural commodities in Ukraine decreased by 0.3% YoY, the State Statistics Service of Ukraine reported.

In particular, agricultural enterprises lowered the production indices by 0.6%, while households of the population increased them by 0.1%.

In 2016 the growth of agricultural production totaled more than 6%. (APK-Inform/Business World Magazine)

Belarus: GDP up in January-April 2017

According to initial estimates, in January-March Belarus’ gross domestic product totaled Br30.6 billion, up by 0.5% in comparable prices as against the same period a year earlier, the National Statistics Committee of Belarus reported.

In January-April the GDP deflator index amounted to 106.9% as against the same period of last year. (BelTA/Business World Magazine)

Tajikistan: IsDB provides $20 million loan for Kulob-Kalaikhumb highway construction

A loan agreement for $20 million has been signed in Jeddah, Saudi Arabia between the government of Tajikistan, represented by Abdusalom Qurboniyon, Minister of Finance, and the Islamic Development Bank (IsDB), represented by its President Ahmad Mohammed Ali. The amount of this loan is allocated for co-financing the project in the transport sector “Construction of…


Latvia: housing prices to rise

Predicting changes for housing prices in the next two to three years, 66% of interviewed Latvian residents said prices would likely increase, according to data from DNB Bank’s survey. Every tenth respondent expects housing prices to decline. 18% of respondents are confident that prices will remain the same. The highest proportion of respondents who expect…