Latvia: GDP up in Q2 2017

In Q2 compared to the corresponding period of 2016 GDP grew by 4.1%, according to seasonally and working days non-adjusted data and by 4.8% according to seasonally and working days adjusted data. During Q2, the GDP was affected by an 8% increase in the volume of industrial production, 14% increase in construction, as well as…

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Ukraine: gas inventories up in July 2017

Ukraine has increased gas inventories in underground storage 61.3% since the end of the heating season, according to operational data from Ukrtransgaz. The inventories amounted to 13.069 billion cubic meters on July 29, up from 8.1 billion cubic meters on March 22. The current inventories are 24.4% more than on July 29, 2016 (10.211 billion…

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Kazakhstan to increase agricultural products exports

Kazakhstan plans to increase the supplies of agro-industrial products to foreign markets by $600 million, the First Vice-Minister of Agriculture of the Republic of Kazakhstan, Kairat Aituganov declared. In February the President of Kazakhstan approved a new five-year state program for development of the agro-industrial complex focusing on production of competitive top requested products. Its…

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Latvia: job cuts expected

As part of the state administration reform, job cuts are planned for 58,000 employees of different institutions. This does not apply to independent institutions such as the prosecutor’s office, Saeima, State Audit and Supreme Court. The number of officials employed in Latvian state administration is higher than the average in the EU, as concluded in…

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Ukraine: Iskra complex expands production of new electronic reconnaissance devices for Armed Forces

The state enterprise Iskra Scientific and Production Complex (Zaporizhia) is expanding production of new electronic reconnaissance and radioelectronic warfare devices for the Ukrainian Armed Forces, the press service of State Concern Ukroboronprom has reported. “Taking into account the need of the Armed Forces in radioelectronic warfare devices, Iskra has started production of new military equipment…

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Belarus: potato harvest to drop

Belarusian farmers intend to harvest about 1 million tons of potatoes in 2017, Tatiana Karbanovich, Deputy Head of the Central Office for Crop Farming, Head of the Fruit and Vegetables Department at the Belarusian Agriculture and Food Ministry, reported. According to the source, Belarusian agricultural companies and individual farmers are expected to gather in about…

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Latvia: construction costs up in June 2017

Compared to May, the level of construction costs in Latvia increased by 0.2% in June. Labor remuneration of workers rose by 0.4%, prices of building materials grew by 0.2%, whereas maintenance and operational costs of machinery and equipment increased by 0.1%, according to data from the Central Statistical Bureau of Latvia. Compared to June 2016,…

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Ukraine: EIB mulling issue of EUR 130 million to Ukrenergo for modernization of substations

The European Investment Bank (EIB) is considering the issue of a EUR 130 million to Ukrenergo for modernization of substations, according to the website of the financial institution. The EIB said the project was aimed at improving energy efficiency, reliability of equipment, reducing operating costs. Its implementation will contribute to the integration of Ukraine’s energy…

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