The Belarusian mechanical engineering company Belkommunmash is working to sell electric buses to Tbilisi and Batumi, Deputy Chairman of the Minsk City Executive Committee Alexander Krepak reported. Belkommunmash and the Tbilisi mass transit system operating company are expected to sign an agreement of intent to sell electric buses to the capital of Georgia and the…
DetailsUkraine has successfully tested the new 152mm artillery ammunition produced by the state-owned Kyiv-based Artem, which is a part of the country’s major arms producer UkrOboronProm. Thus, Ukraine has secured own production of large caliber artillery ammunition, according to Pavlo Bukin, CEO at UkrOboronProm (UOP). Commenting on the results of the latest tests, Bukin said…
DetailsIn January-February the number of passengers carried by Ukrainian airlines rose by 8.8% YoY, and the passenger traffic flow through Ukrainian airports increased by 19.3%, according to the State Aviation Service of Ukraine. “In January-February the volume of passenger-carrying operations of Ukrainian airlines increased by 8.8% and totaled 1,344.4 thousand people. The volume of international…
DetailsLast month 171,100 passengers passed through Tallinn Airport, 14.4% more than in February of last year. 169,300 were on international flights and 1,700 on domestic flights, the airport said. Approximately 154,000 passengers passed through the airport on regular flights and 17,100 on non-regular flights. The number of flights in Tallinn rose by 7.1% YoY, to…
DetailsThe Belarusian tractor manufacturer MTZ intends to sell more tractors to North America in the next few years. MTZ Director General Fyodor Domotenko made the relevant statement as he met with a delegation of dealers from Canada and the USA. MTZ started exploring North America in the 1970s. The company used to sell thousands of…
DetailsIn 2018 real GDP growth in Kyrgyzstan is expected to amount to 5.5%. The report of the National Bank on the monetary policy for the fourth quarter of 2017 says. It is noted that in 2018 and 2019 Russia’s GDP growth is expected to be about 1.9%, the economy of Kazakhstan – about 3.2% and…
DetailsThe united power grid of Ukraine today can accept up to 3 gigawatts (GW) of new capacity of solar power plants and wind farms without an unbalanced response risk and serious changes to its structure, Ukrenergo Head Vsevolod Kovalchuk said at a roundtable in the Verkhovna Rada. According to him, this installed capacity of renewable…
DetailsThe actual inflation in Ukraine in February 2018 from February 2017 was somewhat higher than the Central Bank’s benchmark announced in January. “In general the current dynamics of consumer inflation and its components indicate that inflationary pressure remains significant. At the same time, its amplification in February was curbed by the strengthening of the hryvnia,…
DetailsA memorandum on launching flights between Aktau and Dubai was signed during a business visit of the delegation led by governor of Mangistau region Yeraly Tugzhanov to the United Arab Emirates. The Memorandum was signed between the Aktau airport and flydubai airline. Thus, in October flydubai will launch a new regular flight Dubai-Aktau-Dubai for the…
DetailsThe Estonian Food and Veterinary Board (VTA) detained approximately 20 tons of unknown goods at the border checkpoint in Muuga. According to information supplied by the importer, the substance in question was allegedly honey, however conformance testing revealed it to be syrup instead. The container carrying the goods reached the Estonian port on August 27…
DetailsThe construction of an Amkodor-Mash plant will begin in May, according to the official website of the Belarusian company. The information was posted on the website following the negotiations between Chairman of Amkodor Board of Directors Alexander Shakutin, CITIC Group President Wang Jiong, and Chairman of CITIC Construction Chen Xiaojia in Beijing. Alexander Shakutin and…
DetailsIn February Ukrainian plants manufactured 721 motor vehicles, up almost 2-fold YoY, the Ukrainian Motor Vehicle Manufacturers Association, UkrAutoProm reported. The largest share of motor vehicle production was made up by cars, which totaled 606 unit (all manufactured by ZAO Eurocar: up by 134% YoY and by 26.5% MoM). Also, in February 35 trucks were…
DetailsUkrainian nuclear power plants (NPPs) produced 237.60 million kWh of electricity on March 11, the press-service of Ukraine’s State Enterprise “National Nuclear Energy Generating Company Energoatom” reports. On March 12, 11 out of 15 power units were functioning at the Ukrainian power plants. It was the 52nd day of average planned repairs at power unit…
DetailsThe first Islamic bank will start working in Tajikistan in 2018. “The first Islamic bank will work this year in Tajikistan. The issues of expanding the operations of the International Islamic Trade Finance Corporation (ITFC) in the financial market of Tajikistan were discussed at a meeting of Deputy Chairman of the National Bank of Tajikistan…
DetailsThe Utilities Department of the City of Tallinn announced a public procurement for the primary builder in the construction of the Reidi Road project. The necessary work includes road construction extending the existing waterfront fortification, the establishment of utility networks, construction of water supply and sewage, a pumping station, street lighting, landscape architecture, electricity supply,…
DetailsAkim of Akmola region Malik Murzalin met with the management of Dubai Chamber of Industry and Trade and discussed supply of Akmola flour to the UAE, Marat Igaliyev, Advisor of Akmola region governor, reported. 800 tons of Kazakhstan’s first commercial flour were delivered to the UAE in March by Inter Trade. The company was founded…
DetailsUkrainian President Petro Poroshenko has expressed gratitude to the European Bank for Reconstruction and Development (EBRD) for organizing the financing of EUR 25.9 million for construction of solar power plants with a capacity of almost 34 MW in Vinnytsia region. “The EBRD has allocated EUR 25.9 million for construction of three solar power plants in…
DetailsIn January Ukrainian milk production amounted to 69.7 thousand tons, the State Statistics Service of Ukraine reports. Milk production with fat content no more than 1% in primary packs with a net volume of more than 2 liters amounted to 30.4 thousand tons, down by 3.6% YoY. The production of milk with a fat content…
DetailsTransmission system operator Elering expects the submarine power cable to run between the Western Estonian island of Muhu and the mainland to be completed by 2020. In a letter sent to Saaremaa Municipality, Elering emphasized that while the company understood locals’ concerns regarding the high voltage power lines running along the dam connecting Saaremaa and…
DetailsThe story about economic growth is not in any way related to the work performed by Prime Minister Maris Kucinskis. Economic growth is based on money provided by European structural funds in previous planning period, says chairman of New Conservative Party and prime minister candidate Janis Bordans. “It is claimed that Kucinskis’ government has made…
DetailsPrices for consumer goods and tariffs for services in Azerbaijan increased by 4.7% in January-February as compared to January-February 2017, the State Statistics Committee said on March 9. The prices for food products increased by 5.8%, prices for non-food items – by 4.7% and the cost of paid services – by 3.3% during the reporting…
DetailsAfter the Turkish government has recently put out an urgent request for 120 complete active protection systems to go on M60A3, M60T, and Leopard 2A4 tanks, Turkish defense contractor Aselsan obtained a license from Ukraine’s Microtek to produce a version of their Zaslon-L system, which it called the Akkor Pulat. Aselsan’s own Akkor system is…
DetailsThe growth of consumer prices in Ukraine in February was 0.9% compared to 1.5% in January, the State Statistics Service of Ukraine has reported. According to the agency, in annual terms (February 2018 to February 2017) the growth of consumer prices slowed down to 14% from 14.1% compared to January 2018 from January 2017. Underlying…
DetailsKazakhstan supplied 175.8 KMT of barley to foreign markets in December 2017. This was the largest volume since MY 2014-2015 and 13.7% more than in December 2016. Total barley exports from Kazakhstan in September-December 2017-2018 reached 553.7 KMT, up from 355.6 KMT. In the first four months of MY 2017-2018 the top three importers of…
DetailsLast year the largest profits among banks in Latvia were recorded for Swedbank and ABLV Bank. Seven banks worked with losses in Latvia last year, according to data compiled by Association of Latvian Commercial Banks. Swedbank’s profits were EUR 94.366 million, up by 1.6% YoY. This amount also accounted for 40% of the banking sector’s…
DetailsBelarus’ 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.…
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