The International Tasting Contest BLACK SEA REGION WINES & SPIRITS CONTEST and the specialized exhibition EXPOVIN MOLDOVA is a single project within the B2B format. The goal is to demonstrate the potential, prove the quality, and assist in promotion and sale. Project events: BLACK SEA REGION WINES & SPIRITS CONTEST’ 2018 (21-22.02.2018) It will…
DetailsGas under the contract formula with Gazprom updated by the Stockholm arbitration will be cheaper for NJSC Naftogaz Ukrainy than that bought in Europe, however, due to Gazprom’s position on gas supplies to uncontrolled territories in Donbas, there are doubts about the resumption by the Russian company of supplies to the Ukrainian company, Naftogaz Head…
DetailsDevelopment of small and medium-sized enterprises (SMEs) plays one of the most important roles in the development of the Azerbaijani economy, Deputy Economy Minister Sahib Mammadov declared in Baku on December 26. He was speaking at an event dedicated to establishment of cooperation between SMEs and the Center for Simplified Support for Family Business (ABAD).…
DetailsThe trade between Russia and Belarus will reach $26 billion in 2017, Belarus’ Ambassador to Moscow Igor Petrishenko. “This year the trend of economy recovery and growth is observed both in the Russian Federation and also in the Republic of Belarus. The primary indicator is the level of economic relations, the level of trade. It…
DetailsThe recently signed convention with Ireland on the avoidance of double taxation shall facilitate the expanding of Kazakhstan’s flag carrier’s route network. This was announced by the country’s Deputy Minister of Finance Kanat Baedilov during the meeting of the Finance and Budget Committee of the Senate on December 26. The meeting discussed the draft law…
DetailsHungarian low-cost carrier Wizz Air intends to launch new London-Lviv flights from May 1, 2018, not September 1 as previously announced, according to the renewed airline reservation system. The company has confirmed this information. The flights will be performed three times a week. In London, the flights will be carried out from Luton airport located…
DetailsLow-cost airline Wizz Air has postponed the launch of flights from Kyiv to Lisbon, Portugal, and Tallinn, Estonia, by two months: from April 19 to June 21, 2018. Air’s call center confirmed this information, however, it did not mention the cause behind the decision. In addition to the postponement of the launch of the new…
DetailsThe lower house of the Tajik parliament ratified the financing agreement under the project “Nurek HPP Rehabilitation, Phase 1” on December 24. The agreement was signed between the Republic of Tajikistan and the International Development Association (IDA) in June. “IDA will allocate $225 million for the implementation of this project, of which $57 million as…
DetailsPrime Minister Juri Ratas said no new taxes would be implemented next year, but added that he would like to increase the quota of workforce coming from outside the European Union. “I do not think it right to make new decisions concerning the tax policy a year before the end of this composition of the…
DetailsUzbekistan and Iran considered transit cargo transportation, as the Uzbek Foreign Trade Ministry hosted a meeting with Deputy Minister of Industry, Mines and Trade of Iran Mojtaba Khosrotaj. The sides mulled the current state and prospects of trade and economic cooperation, as well as further cooperation in the field of transport and transit cargo transportation.…
DetailsThe United States has decided to suspend a number of preferences regarding duty-free trade with Ukraine, according to a letter from U.S. President Donald Trump to the Speaker of the House of Representatives and the President of the Senate, published on the White House’s website. “Pursuant to section 502(d)(3) of the Trade Act of 1974,…
DetailsIn January-November the general fund of local budgets received UAH 173.5 billion, which is 96.7% of the annual projected figures, Vice Prime Minister – Minister of Regional Development, Construction, Housing and Utilities Service Hennadiy Zubko declared. According to him, 692 united territorial communities have been created in Ukraine. A total 3,327 local councils have united,…
DetailsThe role of Armenia as an energy corridor between Iran and Georgia will grow, tripling the potential of exporting electricity, minister of energy infrastructures and natural resources Ashot Manukyan said. According to the minister, three solar stations have been put to operation in Armenia in 2017, and a total of 128 solar photovoltaic stations have…
DetailsTallink Grupp says it uses proceeds from the sale of Superfast VII and Superfast VIII for early repayment of loans. Loan taken to finance the purchase of vessel Baltic Princess in 2008 was prepaid on December 22. Loan taken to finance the purchase of vessel Isabelle in 2013 will be prepaid this week. Total amount…
DetailsTotal trade turnover of Uzbekistan with foreign countries rose by 16.6% and amounted to more than $22 billion in ten months of 2017. The positive dynamics is also observed in trade with Central Asian countries, according to the data of the Uzbek Foreign Ministry. It was noted that great work had been done in the…
DetailsThe nationalized Ukrainian-based PrivatBank has hired a leading Ukrainian company that is Rothschild’s partner in Ukraine to find buyers of PrivatBank’s 46.5% stake in AS PrivatBank Latvia, the Ukrainian bank said in a statement. PrivatBank’s supervisory council has given the green light to hiring, the bank said. The partner will also have to prepare and…
DetailsUkrzaliznytsia seeks to send UAH 18 billion for top priority investment projects, acting Board Chairman of Ukrzaliznytsia Yevhen Kravtsov has said. “We plan to use mainly these funds in 2018 and early 2019,” he said, presenting a plan of priority investment projects in the Cabinet of Ministers of Ukraine. Kravtsov said that the funds would…
DetailsThe port of Riga handled 31.1 million tons of various types of cargo during the first 11 months of this year. This November was especially successful for the port of Riga, as it was able to handle more than 3 million tons of various types of cargo, displaying one of the highest monthly results this…
DetailsBelarus hopes to supply electricity to the common electricity market of the Eurasian Economic Union (EAEU), Belarus’ Energy Minister Vladimir Potupchik declared. “We hope to export electricity to the common electricity market of the Eurasian Economic Union after the common gas market is established and equal rights for all the countries are created. Our electricity…
DetailsThe administrative center of Turkmenbashi (Turkmenistan) operates a complex for breeding sturgeons, producing black caviar and fish products. The enterprise belongs to the open joint-stock company “Khazar balyk”. The annual capacity of the facility is 100 tons of commercial fish of sturgeon species, 2 tons of sturgeon caviar, 170 tons of smoked, dried and other…
DetailsThe National Bank of Ukraine (NBU) has decided to withdraw a license of PJSC Rodovid Bank nationalized in 2009 and then recognized insolvent under the Finance Ministry’s decision as of February 2016. This has been reported by the central bank’s press service. The NBU approved of a decision to revoke a banking license and liquidate…
DetailsThe real gross domestic product of Ukraine grew by 2.1% YoY in the third quarter of 2017, according to the report published on the website of Ukraine’ State Statistics Service. Earlier, on November 14, the statistics agency released preliminary estimates claiming that GDP growth in Ukraine in the third quarter also amounted to 2.1% in…
DetailsThe first power-generating unit of the Belarusian nuclear power plant will be commissioned by the end of 2019. Deputy Prime Minister of Belarus Vladimir Semashko made the statement during the joint session of the two chambers of the Belarusian parliament on December 20. Vladimir Semashko said: “I can state that we should commission the first…
DetailsIn the first ten months of 2017, a total of 71.5 million liters of beer was produced in Latvia, up by 9.36% YoY, according to data compiled by the State Revenue Service. 89.28 million liters of beer were imported to Latvia in ten months of 2017, up by 16.15% YoY. 136.9 million liters of beer…
DetailsDuring the meeting with Belarusian Minister of Transport and Communications Anatoly Sivak and Lithuanian Minister of Transport and Communications Rokas Masiulis discussed the successfully operating chain of Belarusian cargo transportation using the services provided by the Lithuanian Railways and Klaipeda State Seaport, as well as the outlook of bilateral cooperation in developing the necessary transport…
DetailsThe Asian Development Bank (ADB) has signed a $14.27 million loan agreement with the government of Georgia to upgrade and improve the Tbilisi metro, which currently benefits over 300,000 commuters daily. “The project will help meet the growing demand for reliable, safe, and efficient sustainable transport – a high priority of the government,” said Yesim…
DetailsUkraine’s Finance Ministry expects that the deficit of the national budget in 2017 would be retained within the 2.4% of GDP target, Deputy Finance Minister Serhiy Marchenko has said. “The deficit is expected to be 2.4% of GDP. We do not see any risks that the target is not met,” he said at a press…
DetailsDirector of the Financial Stability Department at the National Bank of Ukraine (NBU) Vitaliy Vavryshchuk says the share of non-performing loans in Ukraine’s banking system is a record high in the entire history of international observations. “We have established a somewhat unpleasant and very costly record for the country’s economy and banking sector: the highest…
Details