The National Bank of Ukraine (NBU) has allowed Ukrainian businessman Sergiy Tigipko to buy a 99.9% stake in Russian Sberbank’s Ukrainian subsidiary VS Bank, based in Lviv, according to the regulator’s website. “The National Bank of Ukraine has allowed Ukrainian citizen Sergiy Leonidovych Tigipko to buy 99.9% of VS Bank’s charter capital through indirect major…
DetailsThe first 2+1 lane passing zone on Tallinn-Tartu Highway, built at the 131-135.1 kilometers between Annikvere and Neanurme, has been completed and partially opened to traffic. Two consecutive passing zones, respectively 1.5 and 1.3 kilometers in length, were constructed on the 4.1-kilometer length of the highway between the villages of Annikvere and Neanurme, the Estonian…
DetailsThere are approximately 4,000 km of roads in Latvia that are practically unused for transport, said Latvian Transport Minister Uldis Augulis on November 9. He says most of those roads are local and municipal roads. With that, maintenance intensity will be reduced for those roads. “It would be nice if we could maintain roads leading…
DetailsArmenia has produced more brandy in the first nine months of 2017 than any other alcoholic drink. According to the National Statistical Service, brandy production grew by 56.5% YoY in January-September. The production of wine, meanwhile, has increased by 36%, that of beer and champagne by 10% and 11%, respectively. The production of vodka and…
DetailsProviding Turkmenistan with efficient mineral fertilizers is of great importance for increasing the yield of cultivated crops to ensure the country’s abundance in food and development of fodder supply for livestock and poultry farming. In particular, the commissioning of a carbamide plant under construction in Garabogaz city (Balkan district, Turkmenistan) is scheduled for June 2018,…
DetailsBelarus’ economic growth will make up about 1.7% in 2017, IMF mission chief for Belarus Peter Dohlman declared on November 9. “We suppose that the economic growth will reach about 1.7% in 2017 and will stay at about 2% in the midterm,” the IMF mission chief for Belarus said. Earlier, the IMF forecasted Belarus’ GDP…
DetailsUkrenergo in January-September increased transmission of electricity through the backbone power grids by 5% (by 4.042 billion kWh) compared to the same period in 2016, to 84.28 billion kWh. According to a report posted on the company’s website, the cost of electricity transmission services rose by 25.8% over the nine months (by UAH 1.231 billion),…
DetailsThe Ukrainian State Food Safety and Consumer Protection Service says 67 Ukrainian honey producers have been licensed to supply their produce to foreign markets, according to the service’s press office. “Sixty-seven business entities engaged in the production and/or storage of honey and licensed to export their products outside Ukraine have been included in the state…
DetailsDuring the cruise season of 2017 cruise vessels called Tallinn 311 times and brought a record-breaking number of 564,280 cruise passengers to Tallinn. Saaremaa Harbor had 5 cruise ship calls with a total of 1,513 passengers. On October 30, Port of Tallinn together with clients and partners of the Estonian cruise industry gathered at Estonia’s…
DetailsThe European Bank for Reconstruction and Development (EBRD) has revised upward the forecast for Belarus’ GDP growth to 1.5% in 2017, according to the Bank’s website. In 2018 the Belarusian economy will expand by 2%. The EBRD also revised Russia’s GDP forecast up to 1.8% in 2017. The bank also revised Russia’s GDP growth forecast…
DetailsIn January-August Kazakhstan exported nearly 2.4 million tons of wheat and meslin, a decrease of 10.1% compared with the same period last year, the Statistics Committee of the Ministry of National Economy of the Republic of Kazakhstan reported. According to the announcement, in the reporting period the export earnings decreased by 10.4%, to $382 million.…
DetailsFlu vaccine producers planned on bringing 63,000 doses of flu vaccines to Estonia for this year, a quarter more than last season. Before the flu season has even begun, however, these vaccines have already all sold out. Kadri Saar, a senior inspector at the Bureau of Activity Licences and Inspections of the State Agency of…
DetailsThe European Bank for Reconstruction and Development (EBRD) expects Azerbaijan’s economy to grow by 2% in 2018, according to an updated Regional Economic Prospects report published on November 7. The bank’s analysts noted that the start of gas production within the second stage of development of the Shah Deniz gas condensate field would support the…
DetailsUkraine’s economic growth will exceed 3% next year, but the government’s task is to ensure at least 5-7% growth, Prime Minister Volodymyr Groysman has said. He stated this at a government meeting on November 8. “We met with trade unions, the Federation of Employers of Ukraine. We talked about problems and the ways of solving…
DetailsUkraine in January-October exported electricity valued at $209.293 million, in particular in October at $19.685 million. According to the State Fiscal Service, in January-October electricity was supplied to Hungary for the amount of $118.529 million, Moldova for $48.655 million, Poland for $31.485 million and other countries for $10.624 million. Thus, in monetary terms exports of…
DetailsAccording to the information released by the Statistics Estonia on November 7, the consumer price index increased by 3.8% YoY, but decreased by 0.2% MoM, with changes affected the most by food prices. Compared to last October, goods were 4.8% and services 2% more expensive; regulated prices of goods and services rose by 6.6% and…
DetailsTurkish company Solaray Renewable Energy expands its market and is considering the possibility of implementing projects to produce “clean” energy in Ukraine, the State Agency on Energy Efficiency and Energy Saving of Ukraine informed after a meeting between head of the agency Serhiy Savchuk and the general director of the Turkish company. In addition to…
DetailsThe National Bank of Kazakhstan notes a high probability of strengthening the tenge rate by the end of the year. According to the NBK Chairman Daniyar Akishev, currently, the foreign exchange market is stable. “The exchange rate fluctuates within the historically formed limits given the oil prices and exchange rates of trading partner countries. We…
DetailsThe National Bank of Ukraine (NBU) has declared PJSC Bank Boguslav (Kyiv) insolvent, according to the central bank’s website. The NBU Board made corresponding decision No. 708-RSh/BT on November 6. “As of November 1, Bank Boguslav had not ensured the implementation of measures foreseen in the previously approved restructuring plan with respect to raising charter…
DetailsIn January-September the volume of exports of Ukrainian meat products increased almost 1.5-fold, from $271 million to $397 million, compared to the corresponding period of 2016, Deputy Director of the National Research Center “Institute of Agrarian Economics” Mykola Puhachov announced. According to him, there is a positive tendency of increase in volumes of export of…
DetailsThe first cargo vessel carrying timber belonging to Westwood Group OU departed for the Port of Lanshan, China, from the general cargo terminal of Estonia’s Transiidikeskus AS last weekend. The vessel carrying the shipment of timber is the general cargo ship Kraszewski, which is the largest timber-carrying ship yet to enter Muuga Harbor, according to…
DetailsTurkmenistan, enjoying vast of hydrocarbon resources, has prepared about 300 prospective oil and gas structures for deep drilling. This was stated by Shahim Abdrakhmanov, chairman of the state corporation Turkmengeology, at the international conference entitled “Oil and Gas of Turkmenistan – 2017”. Energy rich nation of Turkmenistan has opened about two hundred oil and gas…
DetailsAzerbaijan’s power plants generated 18.3 billion kilowatt hours of electricity in January-October, as compared to 18.4 billion kilowatt hours in the same period of 2016, says a message of Azerenergy JSC. Azerenergy JSC generates, transmits, distributes, and supplies electric and heat energy by using thermal and hydro resources in Azerbaijan. According to the message, more…
DetailsFrance hopes that it will continue to strengthen cooperation in all spheres with Turkmenistan, French President Emmanuel Macron said in a letter to his Turkmen counterpart Gurbanguly Berdimuhamedov. The French president in his letter welcomed continuous development of partnership strategy with Turkmenistan over the past 25 years. In addition, the letter said that France would…
DetailsTransaviabaltika, which operates flights connecting Tallinn to the capitals of the major Western Estonian islands of Saaremaa and Hiiumaa, operated a total of 106 flights to the two islands in October. While passenger numbers increased on the Kuressaare route, the load factor on Kardla flights remained modest. Transaviabaltika operated a total of 53 flights on…
DetailsDraft laws on legal protection of inventions and on legal protection of industrial designs were approved and adopted at the 24th session of the Turkmen parliament, said the Turkmen government in a message. A set of measures are planned for the formation of the national intellectual property system and bringing it to the international level,…
DetailsA logistics center is to be built in Lviv region near the border with Poland, the head of the department for investment policy at Lviv Regional State Administration, Roman Matys, has reported. “The status of land plots that could be allocated for the creation of a logistics center is being worked out. The regional authorities…
DetailsThe public joint-stock company Ukrzaliznytsia on November 2 launched new train pair No. 127/128 Kovel-Kharkiv. The press service of the company reported that the train would run on even dates from Kovel to Kharkiv and on uneven dates from Kharkiv to Kovel. Over 70% of seats were sold for the first train. The train will…
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