The GDP growth in Turkmenistan amounted to 6.5% in 2017. This was stated at the enlarged meeting of the Cabinet of Ministers. This figure in the industrial sector amounted to 5.5%, construction – 1.3%, transport and communications complex – 11.1%, trade – 9.4%, agriculture – 5%, and services – 9%. In comparison with the same…
DetailsThe Tajik State Service of Veterinary Control has banned imports of non-Halal meat products. From now on, only accredited foreign suppliers will be able to import meat products to Tajikistan. Before issuing such accreditation, Tajik experts will personally visit facilities abroad and check the quality and safety of the products. In addition, the products must…
DetailsThe Ukroboronprom State Concern has started creating the radar and electronic warfare cluster, the press service of the concern reported. The state-owned enterprise (SOE) Scientific and Production Complex Iskra is the leading enterprise of this cluster. A significant growth of sales volumes in 2017 for the needs of the Ministry of Defense of Ukraine was…
DetailsThe private joint-stock company Fozzy Group (Vyshneve, Kyiv region), a part of Fozzy Group trade and industrial group, saw an 83.3% fall in net profit in 2017, to UAH 165.4 million. The company said that its assets fell by 16.6%, to UAH 1.572 billion. Debts decreased by 45%, to UAH 171.177 million. Undistributed profit rose…
DetailsAS Air Baltic Corporation will launch a new summer season route between Almaty and Riga on April 29, the airline’s press service reported. The new route will provide new convenient travel opportunities for passengers from the Baltic countries and Kazakhstan to the destinations of airBaltic’s route network that covers Europe, Scandinavia, Russia, and the Middle…
DetailsAccording to preliminary data of Statistics Estonia, the production of milk amounted to 791,800 tons in 2017, up by 1% YoY. The number of dairy cows increased slightly by the end of the year, and the average annual milk production per cow increased as well. On December 31, 2017 the number of bovines in Estonia…
DetailsDecision of the specialized interdistrict economic court of Almaty to forcibly terminate the activities of Kazinvestbank JSC entered into force on January 24, the press service of the Kazakhstan Deposit Insurance Fund (KDIF) reported. All deposits of individuals in Kazinvestbank JSC were transferred to DB Alfa-Bank JSC. KDIF will attract an agent bank for payment…
DetailsMyronivsky Hliboproduct (MHP) in 2017 sold 532,727 tons of poultry to external consumers, which corresponds to the level of 2016. According to the information of the agricultural holding on the website of the London Stock Exchange, in the fourth quarter of 2017 it sold 113,746 tons of chicken, down by 13% YoY, mainly due to…
DetailsA consortium of Enerparc AG and Rodina Energy Group has built a pilot solar power plant with a capacity of 1 MW near the Chornobyl nuclear power plant (NPP), Rodina Energy Group CEO Yevhen Variahin has said. “From the technical point of view, the construction has been completed. We are commissioning it. The plant is…
DetailsIn 2017 the managing company of the holding company Belarusian Cement Company exported 1,412,000 tons of cement worth $68.2 million, up by 42.6% YoY, representatives of the holding company reported. The positive dynamics was secured by the commissioning of new enterprises with state-of-the-art technologies and constant cost-reduction efforts. “Over the last two years we’ve managed…
DetailsSeven cargo bridges are planned to be built on the territory of the Baku International Sea Trade Port (the Port of Baku) in January-March, Azerbaijani Economy Minister Shahin Mustafayev said. “Warehouses, additional buildings and other infrastructure facilities are also planned to be built till March,” he said. “Moreover, the operational building of the Port of…
DetailsInflation in Kazakhstan in 2018 is projected in the corridor of 5-7%, said the chairman of the National Bank of Kazakhstan Daniyar Akishev during a press conference on January 25. He added that in 2017 annual inflation amounted to 7.1%, which corresponded to the initial target corridor (6-8% for 2017). “Slowing of the inflation took…
DetailsUkrainian farmers since the beginning of the 2017-2018 marketing year (MY, July 2017 – June 2018) as of January 24 exported 23 million tons of grains, the press service of the Ministry of Agrarian Policy and Food reported. In particular, Ukraine has exported 11.9 million tons of wheat, 3.9 million tons of barley, 13,200 tons…
DetailsAntonov Airlines has opened its office in Houston, Texas, the United States, the company has reported in its official blog. “Antonov Airlines, which has recently established a USA base in Houston, Texas, as part of ongoing global expansion, has transported an outsized communications satellite for Orbital ATK,” reads the report. It notes that one of…
DetailsEstonia hasn’t fallen behind in its preparations for the Rail Baltica project’s next phase, CEO of Rail Baltic Estonia, Riia Sillave, declared. This year the marking-out of the railway’s route as well as first negotiations with land owners are on the agenda. Rail Baltica’s next phase started on January 23 with the chief executives of…
DetailsCommercial banks of Uzbekistan in 2017 provided investment loans worth 16.1 trillion soums, up 1.3-fold YoY, the Central Bank of Uzbekistan said in a message. The Central Bank notes that when issuing investment loans, banks focused on ensuring timely and full financing of projects included in the State Investment Program for 2017, as well as…
DetailsThe Baku-Tbilisi-Kars (BTK) railway project has changed the transport map of Georgia, Prime Minister Giorgi Kvirikashvili said. He made the remarks addressing the ‘Strategic Outlook: Eurasia’ panel at the World Economic Forum in Davos on January 23. Kvirikashvili said that the international projects being implemented and the geographic location of Georgia formed the basis and…
DetailsIndustrial production in Ukraine in 2017 decreased by 0.1% compared to 2016, and in December 2017 it dropped by 0.5%, the State Statistics Service said. The authority said that with the adjustment to the effect of calendar days industrial production in December 2017 increased by 0.4% YoY. In comparison with the previous month in December…
DetailsKyiv Metropoliten has announced a tender for the construction of a section of the Syretsko-Pecherska metro line from the Syrets station to the Vynohradar residential area. According to the announcement in the ProZorro system, it is planned to build a section with an electric depot in Podilsky district (from the Syrets station to the Prospekt…
DetailsValery Belsky, Director of the Institute of Economics of Belarus’ National Academy of Sciences, named the prerequisites for the country’s GDP growth in 2018. According to him, in 2017 Belarus’ GDP went up by 2.4% versus the expected 1.7% increase. It stands to reason that the uptrend will continue in 2018, he believes. In particular,…
DetailsAfter almost five months of discussion, the National Bank of Kyrgyzstan decided to prohibit payments made with mobile phones, the Executive Director of the Association of Communications Providers Aibek Kurenkeev declared at a press conference on January 23. According to him, the Association opposes restrictions initiated by the National Bank to the development of non-cash…
DetailsAfghan President Mohammad Ashraf Ghani and Uzbek Deputy Prime Minister and Finance Minister Jamshid Kuchkarov discussed the construction of the Mazar-i-Sharif-Herat railway in Kabul. “The project has been evaluated,” Kuchkarov said. “Negotiations on project financing are currently underway with Uzbek commercial banks and the Asian Infrastructure Investment Bank.” The construction of the railway will be…
DetailsUkraine is holding talks with the European Commission and the European Investment Bank to implement a broad program for granting loans and grants to small and medium-sized businesses in order to minimize the outflow of Ukrainians to work abroad, Ukrainian Foreign Minister Pavlo Klimkin has said. “We are now working with the European Commission and…
DetailsUkrainian banks maintain positive expectations regarding the growth in lending to small and medium-sized enterprises (SME), as well as the population over the next 12 months, according to the report “Credit Conditions Survey” posted on the website of the National Bank of Ukraine (NBU). According to the central bank, 72% of the banks surveyed expect…
DetailsPort of Tallinn is announcing an auction for the equipment and structures of the coal terminal located in Muuga Harbor. The equipment and structures of the coal terminal located on registered real estate No. 10033802 and No. 13352702 that belong to AS Tallinna Sadam constitute the object of the auction. The list of the objects…
DetailsOAO Belarusian Cement Plant, a part of the holding company Belarusian Cement Company, has a serious potential for development. Belarusian Economy Minister Vladimir Zinovsky made the statement as he met with the cement plant employees on January 20. According to Vladimir Zinovsky, during the tour of the plant he was made familiar with its work…
DetailsUzbekistan, Kyrgyzstan and China will hold a tripartite meeting on the implementation of the agreement on the international road transport, the Uzbek Foreign Ministry reported. The meeting will be held in Tashkent on January 24-25. Before the trilateral meeting, a bilateral Uzbek-Kyrgyz and Uzbek-Chinese meetings on international road transport issues will be held. Delegations of…
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