Belarus’ Construction and Architecture Ministry will expand cooperation with Russia and Ukraine, Belarus’ Construction and Architecture Minister Anatoly Chernyi declared. “There are plans to hold meetings with the governors of Bryansk region and Smolensk region. The meeting with the Kaliningrad region governor is scheduled for next week. Plans are in place to build the Belarusian…
DetailsUkraine will reach the GDP level of 2013 in the next three to four years, Ukrainian Deputy Minister for Economic Development and Trade Mykhailo Titarchuk has said. “In fact, as for the loss of GDP in 2014, this figure is 15.75%. We understand the reasons – Donbas, temporary loss of the Autonomous Republic of Crimea.…
DetailsKyiv International Airport (Zhuliany) served 130.8 thousand passengers in February, up by 51.6% YoY, the airport’s press service reports. The number of passengers served on international flights totaled 124.9 thousand, domestic flights – 5.9 thousand. The number of flights in February included 1,648 both arrivals and departures, up by 20.5% YoY (of which there were…
DetailsThis year Belarus should make a breakthrough in food supplies to China’s market, Ambassador Extraordinary and Plenipotentiary of Belarus to China Kirill Rudy declared. “We have not made a false start so far. However, we are close to “getting off” in terms of food supplies to the Chinese market. The deals have been sealed. It…
DetailsAt the end of February, Kyrgyzstan’s gross international reserves reduced by $6.3 million, official website of the National Bank reported. International reserves formed in the amount of $2,214.14 billion. Despite the reduction in reserves compared to January, the indicator still remains quite high. The international reserves of the country were larger only in August 2014…
DetailsCurrency reserves of the Central Bank of Azerbaijan (CBA) amounted to $5.387 billion in February, up by $1.018 billion (23.3%) YoY, according to statistical data posted on the CBA website on March 7. During the month, CBA reserves rose by $6.1 million. Currency reserves of CBA increased by $1.36 billion or by 34.2 % in…
DetailsRetail turnover in Donetsk region in January reached UAH 1.9 billion, up by 7.8% YoY, according to the main statistics department in Donetsk region. “Retail turnover, including retail turnover of enterprises (legal entities and individual entrepreneurs), the main type of economic activity of which is retail, in January in the region (excluding part of the…
DetailsTrade between Ukraine and Finland has increased by 17%, Ukrainian Foreign Minister Pavlo Klimkin has said. He stated this at a joint briefing with Finnish Foreign Minister Timo Soini. “Our turnover has grown by 17%,” Klimkin said. In addition, he said that a meeting of the joint Ukrainian-Finnish commission on trade and economic cooperation was…
DetailsIn 2017 Belarusian agricultural enterprises of all kinds (state-run agricultural enterprises, private farming enterprises, and personal subsidiary economies) produced 7,321,900 tons of milk, up 2.5-fold YoY, the National Statistics Committee reported. As of January 1 the cattle population in the agricultural enterprises of all kinds made up 4.4 million, up by 1.5%, including 1.5 million…
DetailsThe Azerbaijani banking sector will be able to overcome the challenges before it, Ziyad Samadzade, chairman of the parliamentary committee on economic policy, industry and entrepreneurship, said at a conference on “Financing through capital markets, listing and investments” in Baku on March 6. Samadzade said that the banking sector of Azerbaijan had gradually begun to…
DetailsNew infrastructure will be built along the Akhalkalaki-Kartsakhi section of the Baku-Tbilisi-Kars (BTK) railway, the Azerbaijan Railways CJSC said. Tbilisi hosted a regular meeting of the BTK Coordination Council, according to the message. “During the meeting, Georgia’s first deputy prime minister, Minister of Economy and Sustainable Development Dimitri Kumsishvili told the audience about the economic,…
DetailsUkrenergo in January reduced transmission of electricity through trunk power grids by 5.6% (by 611.408 million kWh) YoY, to 10.307 billion kWh. According to a report on the company’s website, the cost of electricity transmission services for January fell by 23.7% (UAH 115.129 million), to UAH 370.833 million. Ukrenergo in January reduced capital investments by…
DetailsVinnytsia region transferred UAH 1.966 billion to the consolidated budget in January-February, according to the department of information activities and communication with public at Vinnytsia Regional State Administration. “The contribution of Vinnytsia region to the consolidated budget exceeded UAH 1.966 billion in January-February. The general sum of budget payments transferred over this period is UAH…
DetailsIn 2017 turnover of drug wholesale traders in Latvia and abroad was EUR 846.76 million without VAT. Compared to the previous year, this means an increase of 6%, according to data compiled by State Agency of Medicines. Wholesale traders continued increasing turnover of medicines in Latvia and other countries. The volume of medicines sold in…
DetailsAs of late January Azerbaijani banks’ liabilities to the country’s Central Bank (CBA) decreased to 501.7 million manats, or more than 3-fold YoY, according to the report of the country’s Financial Market Supervisory Authority. Banks have reduced their liabilities by 19.7%, from 30.35 billion manats to 24.37 billion manats, according to the report. The main…
DetailsThe current electricity rates enable the broader adoption of electric transport in Belarus, Belarusian Energy Minister Vladimir Potupchik reported. According to the source, the current electricity rates are much more economical than filling the car’s tank with gasoline or diesel fuel. The rates are an incentive to use electric cars. The upkeep of electric cars…
DetailsThe Deposit Guarantee Fund continues payments to the depositors of PJSC Commercial Bank Capital from March 5, the fund’s press service reports. “On March 5 the Deposit Guarantee Fund started carrying out payments to the depositors of PJSC Commercial Bank Capital via the fund’s automated system of payments on the regular part of the general…
DetailsThe average nominal salary of a full-time employee in Ukraine grew by 12.1% MoM in January, while it rose by 28.4% YoY, to UAH 7,711, or 289. Real wages in Ukraine in January decreased by 13.4% against December 2017, but they rose by 12.3% YoY, the State Statistics Service reported. The minimum wage in Ukraine…
DetailsOstrich breeding is developing in Armenia, with a farm in the country’s Armavir province currently producing and selling basturma, sujuk and other products of ostrich meat. Minister of agriculture Ignati Arakelyan visited the province where non-traditional agriculture was gathering pace. The ostrich farm, in particular, was established in 2008 while the birds were imported from…
DetailsAccording to information released by Statistics Estonia, the turnover of retail trade enterprises in January decreased by 1% YoY at constant prices. The decrease in turnover was affected the most by enterprises engaged in the retail sales of automotive fuel. In January the turnover of retail trade enterprises totaled EUR 521.2 million. The decrease in…
DetailsUzbekistan will expand number of grape wine producers, variety wine materials and cognac alcohol in 2019, Uzbek President Shavkat Mirziyoyev ordered in his “On measures for substantial modernization of winemaking industry and realization of alcohol production” decree. According to the document, requirement of determining an expiration date for the wine production will be removed beginning…
DetailsUkrainian solvent banks’ net profit grew 5-fold YoY in January, to UAH 1.69 billion ($63 million). The banks’ revenue in the first month of 2018 totaled UAH 14.599 billion ($544.5 million), while expenses stood at UAH 12.908 billion ($481.5 million), according to the National Bank of Ukraine (NBU). Interest income accounted for 77.4%, the largest…
DetailsThe export of meat from Ukraine to Azerbaijan rose 2.7-fold YoY and amounted to $37.8 million in 2017, Nikolai Pugachev, director of the national scientific center “Institute of Agrarian Economics” and academician of the National Academy of Agrarian Sciences, said. During the period, Azerbaijan became one of the TOP-5 importers of this product from Ukraine.…
DetailsEstonian distribution network operator Elektrilevi has entered into framework agreements with suppliers in six regions. The volume of the contracts reaches some EUR 40 million to be spent on extending, maintaining, and repairing Estonia’s electricity distribution network. The framework agreements are the most far-reaching yet, covering a large number of jobs and suppliers and outlining…
DetailsThe Belarusian tractor maker MTZ will increase the production of tractors designed for precision farming, MTZ CEO Fyodor Domotenko reported. According to the source, the share of innovative products in the output of the Belarusian tractor maker exceeds 20% and continues rising. The new tractor model Belarus 82.1 with an American precision farming system did…
DetailsAzerbaijan was a leader in tomato export to Russia in 2017, according to the Russian Federal Customs Committee. Azerbaijan increased its export volume by 50%, to 151,000 tons ($151 million). Azerbaijan’s share in Russian tomato import increased from 22% in 2016 to 30% in 2017. Russia accounted for 99.8% of Azerbaijan’s total tomato export in…
DetailsThe European Union remains a major supplier of agricultural products to Ukraine for the second year in a row, accounting for 48.9% of the country’s agri-food imports in 2017. Shipments in monetary terms from Europe increased to $2.27 billion in 2017, from $1.94 billion in 2016, the press center of the National Scientific Center “Institute…
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