The Deposit Guarantee Fund has extended the term of liquidation of three banks – JSC Commercial Bank Union, JSC Commercial Bank Expobank, and JSC Commercial Bank TK Credit, the Fund’s press service reports. “The Executive Directorate of the Deposit Guarantee Fund approved a decision dated March 15, No. 741, to extend the term of liquidation…
DetailsArmenia’s government debt decreased by 0.6% in February, official data reveals. According to information provided by the finance ministry, the country’s debt totaled $6.898 billion in January and dropped to $6.851 billion the next month. The foreign debt is down by 0.2% in the reporting period, decreasing from $4.963 billion in January to $4.950 in…
DetailsThe management of the BelGee factory is intent on enabling conditions for the future development of the enterprise, Belarusian First Deputy Industry Minister Gennady Svidersky said, who is the acting director general of the enterprise now. The executive said: “Making cars, which can compete on the global market, is the key task for us. If…
DetailsAccording to a study about the viability of a boat service between Estonia’s largest island and Latvia, commissioned by the NGO Saarte Koostookogu from OU Arenguruum, opening a ferry service would be socio-economically profitable but would rather be unprofitable when carried out only on a commercial basis. The study included analyzing the possibilities of opening…
DetailsTractebel Engineering from ENGIE Group in a preliminary feasibility study for building a ground solar power plant with a capacity of 1.2 GW in the exclusion zone around Chornobyl nuclear power plant (NPP) offers a modular concept of building eight 150 MW substations. “We understand that the north of Kyiv region is not the best…
DetailsAntonov State Enterprise (Kyiv) saw an 85.43% rise in net profit in 2017 under Ukrainian accounting standards, to UAH 330.22 million. According to a financial report for 2017 posted on the company’s website, net revenue grew by 66.4%, to UAH 6.052 billion. Antonov is the leading Ukrainian developer and manufacturer of aircraft, a recognized world…
DetailsFor the last one and half month the price tendency on rapeseed market of Kazakhstan has been stable due to the sufficient supply of the product from the farmers. Since the beginning of February the bid prices on rapeseed have been declared usually in the range of 110-125 thousand tenge per ton CPT. (APK-Inform/Business World…
DetailsAmbassador of Kyrgyzstan to the Federal Republic of Germany Erines Otorbaev met with representative of Siemens, the Commissioner for Cooperation with Government bodies Hans-Peter Bohm, the press service of the Ministry of Foreign Affairs reported. This meeting was held during the talks between Foreign Minister of the Kyrgyz Republic Erlan Abdyldaev and member of the…
DetailsVilnius Airport launched the renovation of the central area of its departure terminal, thus marking the start of a major modernization project at one of its terminals aimed at increasing its capacity and improving passenger service, Lietuvos Oro Uostai (Lithuanian Airports) said. The renovation of the departure hall includes replacing the flooring, engineering systems, partitions…
DetailsUkraine in January-February exported 15.45 thousand tons of eggs, up 1.9-fold YoY. The State Fiscal Service of Ukraine (SFS) informs that in monetary terms egg exports totaled $14.97 million compared to $6.99 million in January-February 2017. The main importers of Ukrainian eggs are the United Arab Emirates ($5.85 million), Iraq ($3.07 million) and Qatar ($1.27…
DetailsThe macroeconomic situation in Ukraine remains unstable, vulnerability of the fiscal system in the past years has grown, World Bank Country Director for Belarus, Moldova and Ukraine Satu Kahkonen has said. She said that the vulnerability had increased in the past years, taking into account the fact that government’s expenses grew, as the government increased…
DetailsThe Estonian government decided to put the small ferries Abro and Wrango at the disposal of the municipalities of Saaremaa and Viimsi, respectively, for operating connections with small islands. The ferry Abro will be put to use indefinitely by Saaremaa Municipality for operating a ferry connection with the small island of Abruka. As the service…
DetailsBelAZ, the managing company of BelAZ holding company, intends to start selling dump trucks to Mexico in 2018. “BelAZ is working hard to set up and develop a distributor and service network in Mexico. BelAZ Director General Piotr Parkhomchik paid a visit to this country on Match 11-13. He had a number of successful negotiations…
DetailsAzerbaijan’s GDP volume exceeded 11.54 billion manats in January-February, up by 1.3% YoY, according to a report of the State Statistics Committee. The volume of GDP per capita stood at 1,178.7 manats. In January-February the volume of GDP produced in the non-oil sector of the country increased by 2.3%, while no growth was observed in…
DetailsThe National Bank of Ukraine has prolonged sanctions against Sberbank, Prominvestbank, VTB Bank, and BM Bank, in line with the decision of the National Security and Defense Council of Ukraine “On the application of personal special economic and other restrictive measures (sanctions)” dated March 1. According to a report posted on the NBU website, the…
DetailsNJSC Naftogaz of Ukraine has assured that Ukraine has sufficient natural gas reserves in its underground storage facilities, the company’s press service wrote on Twitter. “A drop in temperatures is expected in Ukraine. We are ready for this. This time we are not waiting for gas supplies from Gazprom. The gas demarche boomeranged against Gazprom…
DetailsAt a meeting with representatives of the International Monetary Fund (IMF), Prime Minister Juri Ratas (Center) said that Estonia met the objective of medium-term budget balance and according to current plans should reach a balance by the year 2020. At the meeting Ratas introduced the Estonian government’s budget policy as well as activities to support…
DetailsCruise travel is currently one of the most rapidly growing tourism segments in the world, chosen for recreation by approximately 23 million passengers every year. Market trends suggest that the number of cruise passengers may increase by another third by 2030, revealing more and more new tourist routes and market niches. A significant increase in…
DetailsThe Belarusian mechanical engineering company Belkommunmash is working to sell electric buses to Tbilisi and Batumi, Deputy Chairman of the Minsk City Executive Committee Alexander Krepak reported. Belkommunmash and the Tbilisi mass transit system operating company are expected to sign an agreement of intent to sell electric buses to the capital of Georgia and the…
DetailsUkraine has successfully tested the new 152mm artillery ammunition produced by the state-owned Kyiv-based Artem, which is a part of the country’s major arms producer UkrOboronProm. Thus, Ukraine has secured own production of large caliber artillery ammunition, according to Pavlo Bukin, CEO at UkrOboronProm (UOP). Commenting on the results of the latest tests, Bukin said…
DetailsIn January-February the number of passengers carried by Ukrainian airlines rose by 8.8% YoY, and the passenger traffic flow through Ukrainian airports increased by 19.3%, according to the State Aviation Service of Ukraine. “In January-February the volume of passenger-carrying operations of Ukrainian airlines increased by 8.8% and totaled 1,344.4 thousand people. The volume of international…
DetailsLast month 171,100 passengers passed through Tallinn Airport, 14.4% more than in February of last year. 169,300 were on international flights and 1,700 on domestic flights, the airport said. Approximately 154,000 passengers passed through the airport on regular flights and 17,100 on non-regular flights. The number of flights in Tallinn rose by 7.1% YoY, to…
DetailsThe Belarusian tractor manufacturer MTZ intends to sell more tractors to North America in the next few years. MTZ Director General Fyodor Domotenko made the relevant statement as he met with a delegation of dealers from Canada and the USA. MTZ started exploring North America in the 1970s. The company used to sell thousands of…
DetailsIn 2018 real GDP growth in Kyrgyzstan is expected to amount to 5.5%. The report of the National Bank on the monetary policy for the fourth quarter of 2017 says. It is noted that in 2018 and 2019 Russia’s GDP growth is expected to be about 1.9%, the economy of Kazakhstan – about 3.2% and…
DetailsThe united power grid of Ukraine today can accept up to 3 gigawatts (GW) of new capacity of solar power plants and wind farms without an unbalanced response risk and serious changes to its structure, Ukrenergo Head Vsevolod Kovalchuk said at a roundtable in the Verkhovna Rada. According to him, this installed capacity of renewable…
DetailsThe actual inflation in Ukraine in February 2018 from February 2017 was somewhat higher than the Central Bank’s benchmark announced in January. “In general the current dynamics of consumer inflation and its components indicate that inflationary pressure remains significant. At the same time, its amplification in February was curbed by the strengthening of the hryvnia,…
DetailsA memorandum on launching flights between Aktau and Dubai was signed during a business visit of the delegation led by governor of Mangistau region Yeraly Tugzhanov to the United Arab Emirates. The Memorandum was signed between the Aktau airport and flydubai airline. Thus, in October flydubai will launch a new regular flight Dubai-Aktau-Dubai for the…
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