In November the state budget of Ukraine received UAH 78.322 billion in revenues, down by UAH 18.846 billion, or by 19.4% from the target, according to the State Treasury Service of Ukraine. In particular, revenues of the state budget in November made up UAH 78.322 billion against projected UAH 97.168 billion. Revenues of the general…
DetailsAsian Development Bank (ADB) Board of Directors has approved a $250-million policy-based loan in support of the Azerbaijani government’s second program for Improving Governance and Public Sector Efficiency Program, a source with the ADB has said. Credit funds for the implementation of the second phase of the program will be provided for 15 years. According…
DetailsAccording to Statistics Estonia, freight carriage on Estonian railroads in October dropped by 17.7% YoY, to approximately 1.7 million tons. Compared with September freight carriage increased by 0.7%. In the first ten months of 2019 altogether 18 million tons of freight was carried on Estonian railroads, down by 22.3%. October freight transport turnover declined by…
DetailsAbu Dhabi-based Masdar, one of the world’s leading renewable energy companies and a subsidiary of Mubadala, has entered into a formal agreement with the Armenian National Interests Fund (Anif), a state-owned foreign direct investment vehicle, to develop 400 MW solar power projects in Armenia with an investment of $300-320 million. The first project being under…
DetailsPrime Minister Oleksiy Honcharuk will announce the start of a program for financing Ukrainian startups, according to the Government portal. The meeting on the launch of the program will be attended by Deputy Prime Minister, Minister of Digital Transformation Mykhailo Fedorov, Finance Minister Oksana Markarova, and Chairperson of the Supervisory Board of the Ukrainian Startup…
DetailsDeputy Governor of the National Bank of Ukraine (NBU) Serhiy Kholod says the regulator plans to have increased the share of cashless transactions with payment cards from 50% to 55% by the end of 2020. “The share of non-cash transactions by payment credit cards has already reached about 50%, which fully complies with the NBU…
DetailsThe undersea portion of the Balticconector pipeline has been filled with natural gas, as a result of which, for the first time in history, the two countries’ gas networks are linked and the two-way transport of gas between them made possible. The undersea pipeline, which was installed this summer, was emptied of air with the…
DetailsAzerbaijani low-cost airline Buta Airways will launch direct flights from Baku to Lviv from December 23, the company has written on its Facebook page. “We are opening direct flights to one of the most beautiful cities in Eastern Europe – Lviv. Use our flights starting from December 23,” Buta Airways wrote. The company added that…
DetailsUzavtotrans Service intends to launch regular bus services with Moscow, St. Petersburg, Ufa, Samara and several other Russian cities in December. During the year, Uzavtotrans Service has bought 168 buses from Chinese company Zhengzhou Yutong Bus for international trips to Russia and Kazakhstan, which are in demand among labor migrants. Vehicles were purchased through a…
DetailsHigh-quality roads and motorways will connect all major cities and regional centers in Ukraine in three to five years, Ukrainian Prime Minister Oleksiy Honcharuk says. He noted the key point was personnel upgrades. He has called on the new head of Ukravtodor road construction agency, Oleksandr Kubrakov to hire new people for top posts at…
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