At the end of last year, the total amount of electricity supplied to Uzbekistan reached 752.2 million kilowatt-hours valued at $16,244,000. This year, the republic will not export electricity. The issue of import of electricity from Kazakhstan or Tajikistan is being considered due to the low water level in Toktogul water reservoir. (24.kg/Business World Magazine)…Details
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Inflation in Ukraine in May amounted to 9.6% YoY, accelerating from 8.8% in annual terms a month earlier, the State Statistics Service of Ukraine reports. May prices compared against the previous month were up by 0.7% after rising in April by 1% against March. Compared with December 2018, consumer prices in May increased by 4.2%.…Details
Economist Viktor Skarshevsky forecasts the forex rate of Ukraine’s national currency, the hryvnia, will have slightly weakened against the U.S. dollar by the end of the summer, to UAH 28-28.5. By autumn, demand for foreign currency will have increased and the dollar will have become stronger. This summer, the hryvnia may still strengthen to UAH…Details
A German-capital road infrastructure company, Saferoad Baltic, has been established in Lithuania. Saferoad Baltic is led by Marcin Baginski, according to the Lithuanian Center of Registers. Its authorized capital amounts to 500,000 euros. Saferoad Baltic’s sole shareholder is the company’s Polish branch Saferoad RRS Polska. According to Saferoad’s website, the company provides safe transport infrastructure…Details
Prime Minister Nikol Pashinyan has invited Italian businessmen to participate in the economic rise of Armenia at the inaugural Armenia-Italy Business Forum in Yerevan. He said that a leap development of the economy was among the government’s priorities. “One year ago an unprecedented, non-violent, Velvet Revolution took place in Armenia. During the past year we…Details
The State Program for the Development of Industry in Azerbaijan for 2015-2020 and the successful industrialization policy are yielding positive results, Azerbaijani Economy Minister Shahin Mustafayev said. For example, non-oil industrial production in 2015 increased by 8.4%, in 2016 – by 4.8%, in 2017 – by 3.7%, and in 2018 – by 9.1%, he noted.…Details
The Boryspil International Airport (Kyiv) in January-May increased passenger flow by 18.1% YoY, to 5.168 million people, the airport’s press service says. At the same time, passenger traffic on international flights amounted to 4,755 million people (+19.1%), and on domestic – 412,900 (+7.5%). In January-May the airport serviced 40,502 flights (+11.2%), including 35,215 international and…Details