The level of “shadow economy” in Ukraine last year amounted to 34% of GDP, decreasing by 6%, such preliminary figures have been posted by the Ministry of Economic Development and Trade. “All four methods, which are used to assess the level of the shadow economy, showed a decrease in the level compared to 2015,” the…
DetailsKharkiv International Airport increased passenger traffic by 51% YoY in January-June, to 364,100 people. According to a press release from the airport, in June it serviced 82,900 passengers, up by 37% YoY. “By the end of June, we can talk about the popularity of renewed summer flights to Burgas (Bulgaria, on Fridays), Tivat (Montenegro, on…
DetailsAccording to the official statistics figures, in May Kazakhstan shipped 13.3 thousand tons of wheat to Turkey, which exceeded the volumes shipped in April by 93%. At the same time, the export volumes reduced by 14% YoY. In July-May 2016-2017 MY Kazakhstan supplied 45.6 thousand tons of wheat to the country, down by 39% YoY…
DetailsThe State Oil Fund of Azerbaijan (SOFAZ) sold $373.2 million through currency auctions organized by the Central Bank of Azerbaijan (CBA) in June, SOFAZ said in a message on July 3. During the six months of 2017, SOFAZ sold more than $1.687 billion at currency auctions. In total, Azerbaijan’s banks bought around $4.92 billion from…
DetailsGermany’s REWE Group, developing the Billa supermarket chain in Central and Eastern Europe, does not plan to leave Ukraine. “Billa continues operating in Ukraine and would be successfully present on the Ukrainian market. We do not plan to leave Ukraine,” Rewe International AG, the subsidiary of the German concern, reported. The company confirmed that the…
DetailsCitizen of Belarus and Cyprus Viktor Prokopenya on June 30 submitted a package of documents to receive the approval of indirect acquisition of 100% of shares in the public joint-stock company Sberbank (Kyiv) via Paritetbank, Belarus to the National Bank of Ukraine (NBU), the press service of the central bank has reported. “At present the…
DetailsThe first flight from Tashkent to Issyk-Kul – to Tamchy airport will be performed on July 4, head of the Directorate for Investment and Infrastructure Development of Manas International Airport OJSC Abdimalik Busurmankulov said at a press conference. According to him, last year a lot of work was done to equip the airport in Tamchy.…
DetailsTurkmenistan plans to invest in textile production in Moldova’s Autonomous Unit of Gagauzia, the website of the Autonomous region said in a message. This issue was discussed within the meeting of governor of Autonomous Unit of Gagauzia Irina Vlach with Turkmen Deputy Chairman of Cabinet of Ministers and Foreign Minister Rashid Meredov within the meeting…
DetailsIn January-June Ukraine increased its gas consumption by 2% YoY, to 17.7 billion cubic meters, according to PJSC Main Gas Pipelines of Ukraine. “The production, totaling 10.3 billion cubic meters, shows a stable growth of 3%. The consumption grew by 2%,” reads the report. In addition, in the first half of this year, gas imports…
DetailsUkraine as of June 29 has threshed 313,900 tons of grain and leguminous crops from 95,000 hectares. According to the press service of the Agricultural Policy and Food Ministry, average yield is 33 hundredweights per ha. Some 28,000 tons of winter wheat were threshed on 10,200 ha with the yield of 27.5 hundredweights per ha.…
DetailsAshgabat hosted a meeting of the Intergovernmental Turkmen-Hungarian Commission for Economic Cooperation. During the meeting, special attention was paid to energy issues and the prospects of supplying Turkmen natural gas to Europe. The issues concerning the export of liquefied natural gas and products of gas chemical enterprises were also mulled at the meeting. The sides…
DetailsCompared to May 2016, total retail trade turnover rose by 3.8% in May 2017. Turnover of retail trade in food products increased by 2.4% and turnover of retail trade in non-food products grew by 4.8%. The most significant growth in turnover in the non-food product group was recorded in retail sale of information and communication…
DetailsPresidents of Uzbekistan and Turkmenistan, Shavkat Mirziyoyev and Gurbanguly Berdimuhamedov held a telephone conversation to review prospects to deepen the ties. Both sides noted with satisfaction the intensification of contacts at all levels, as well as actively implemented joint projects in trade and economic, transport-communication, energy, cultural and humanitarian and other spheres. A number of…
DetailsIn 2016 the average forest regeneration costs, depending on the forest land quality group, varied between 551 and 600 euros per hectare. In 2015, these costs constituted 620-687 EUR/ha. The forest regeneration costs include expenditure on soil preparation, small sapling expenses and planting costs, according to data from the Central Statistical Bureau of Latvia. In…
DetailsThe State Enterprise “Boryspil International Airport” must conclude an agreement with the Ryanair airline within the next two weeks, Infrastructure Minister of Ukraine Volodymyr Omelian stated. “The Lviv International Airport has already signed a contract with Ryanair, the contract between the Boryspil Airport and Ryanair will be signed within the next two weeks. We significantly…
DetailsDelta Bank based in Almaty city has announced it is shutting down its branches in 7 cities. The bank de-registered its branches in the cities of Atyrau, Aktobe, Uralsk, Karagandy, Taraz, Pavlodar and Petropavlovsk. Delta Bank was founded on September 1, 1993 in Aktau on the initiative of major oil and gas companies of West…
DetailsThe cost of construction of elevated bridges on the North-South road will amount to $28 million, head of the Technical Supervision Service Kubanychbek Ormonov declared. According to him, two elevated bridges with the length of 400 and 1,086 meters will be built across the Naryn River. “Construction of the first bridge will cost $7 million,…
DetailsAshgabat will host an exhibition of Chinese goods on July 4-6, the Turkmen government said in a message. Companies specializing in the production of electrical equipment, construction materials, agricultural and construction equipment will be represented at the exhibition. Chinese manufacturers will demonstrate metal and plastic, textile and carpet, as well as food products. Moreover, Chinese…
DetailsA fast food restaurant under the KFC brand of a franchise partner of the owner Yum! Brands Inc. (Louisville, the United States) – Global Restaurant Group – Ukraine LLC (GRG) – has been opened in the Magellan shopping center in Kyiv. The press service of the company reported that the new KFC fast food restaurant…
DetailsThe US investment fund Navigator Principal Investors LLC plans to invest nearly $100 million in the development of the Ukrainian ports and agriculture, the head of the fund Kyle Shostak declared. “We are looking at the ports and agriculture. There are not so many ports in Ukraine. We keep an eye on Odessa, Mykolaiv, Kherson…
DetailsNegotiations are in progress on selling the first batch of Belarusian electric buses to Moscow, Chairman of the State Science and Technology Committee of Belarus Alexander Shumilin reported on June 29. The Russian side demonstrates a strong interest in Belarusian electric transport, said the official. “We have already supplied some buses for test runs. Their…
DetailsTurkmenistan’s Foreign Minister Rashid Meredov met with Turkey’s Deputy Prime Minister Yildirim Tugrul Turkes in Ashgabat, the Turkmen Foreign Ministry said in a message. The two sides discussed the topical issues of interstate cooperation, and expressed their mutual interest in further development of the dialogue in trade, economic, cultural and humanitarian spheres. The parties noted…
DetailsAccording to the current information of the State Statistics Service, Ukraine’s reserves of grains and pulses totaled 8.84 MMT as of June 1, up by 10.8% YoY (7.98 MMT). Wheat stocks decreased by 22.3%, to 3 MMT against 3.87 MMT reported as of June 1, 2016. Corn stocks are up by 49.5% YoY, amounting to…
DetailsVietnam is interested in deliveries of Belarusian tractors, bicycles and motorcycles, Vietnam’s Deputy Prime Minister Pham Binh Minh said. “First thing, Vietnam is interested in the equipment that meets our conditions. These are small tractors and buses,” Pham Binh Minh said. According to him, the Vietnamese side is also interested in bikes and motorcycles. Pham…
DetailsTurkmenistan has bought another Boeing 737-800 aircraft. The purchase was carried out in line with the contract signed in April 2014. The range of non-stop flight of Boeing-737-800, which reaches 5,660 kilometers, allows using them for passenger flights to Almaty, Ankara, Istanbul, Delhi, Dubai, Kazan, Minsk, Moscow, St. Petersburg and other cities of the Eurasian…
DetailsThe service life of the alternative North – South road will comprise 20 years, an Assistant Engineer of the Design Institute Kyrgyzdortransproekt Emilbek Atambekov said. According to him, for the first time in Kyrgyzstan, crushed stone and mastic asphalt are used in the construction of a new road. “The thickness of the asphalt is 16…
DetailsThe Department of Foreign Affairs, Trade and Development of Canada has notified the Embassy of Ukraine in Canada about the completion of the ratification process of the Free Trade Agreement between Ukraine and Canada. Thus, the agreement will come into force on August 1. The agreement was signed on July 11, 2016 during the visit…
DetailsUkraine produced 431,000 tons of bread and bakery products in January-May, down by 7.6% YoY, according to Ukraine’s State Statistics Service. In May Ukraine produced 90,000 tons of bread, up by 5.3% MoM, but down by 3% YoY. Flour production in the five months totaled 763,000 tons, down by 1.5% YoY. Flour production in May…
DetailsThe Belarusian automobile engineering company MAZ will ship 400 vehicles to Vietnam this year, Belarusian Industry Minister Vitaly Vovk declared. The industry minister said: “This year we will get 400 automobiles shipped to Vietnam”. Vitaly Vovk explained that MAZ would sign the relevant agreements during the visit of Vietnam President Tran Dai Quang to Belarus.…
DetailsMinister of Finance Bakhyt Sultanov has commented on the introduction of cryptocurrency in Kazakhstan. He made the comments at the reporting meeting with the public. Minister Sultanov noted that the issue of creation of the international cryptocurrency was a difficult one and required interaction between the financial systems of a number of countries. However, Sultanov…
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