Consumer prices in Estonia rose by 79.5% between 2000 and 2017, more then twice the EU average of 36.5% and fifth in Europe, Eurostat, the European Commission’s statistical agency said. Estonia was, according to the figures, well above the EU average in virtually all sectors, most notably alcohol and tobacco products, where prices in Estonia…
DetailsAzerbaijan’s Rabitabank and Unibank have made a joint decision to issue syndicated loans, the Unibank said in a statement on September 4. The message said a “Protocol of intent”, implying the issuance of joint syndicated loans, was signed between the banks. The syndicated loans are usually issued to business customers by two or more banks.…
DetailsIn January-June Ukraine exported goods and services to the EU countries to the tune of $11.2 billion. The exports to the EU countries in the first six months of 2018 totaled $11.2 billion (the exports in goods totaled $9.7 billion). Ukraine’s exports to the EU grew by $1.8 billion compared to the same period last…
DetailsThe Ukrainian market of new passenger cars increased by 11% YoY in August, the Ukrainian Motor Vehicle Manufacturers Association UkrAutoProm reports. Also, the demand for new passenger cars over the reporting month grew by 10% MoM. Renault passenger cars had the largest demand in August, with 986 vehicles registered. Its share on the market of…
DetailsPrices of vegetables, milk, cheese and eggs have increased in Georgia, according to the latest inflation data from the National Statistics Office of Georgia (Geostat). In August the prices of food and non-alcoholic beverages increased by 1.5%, contributing 0.44% to the annual inflation. Prices increased for the following subgroups: vegetables – by 16.4% and milk,…
DetailsLithuania’s state-run railway company Lietuvos Gelezinkeliai (Lithuanian Railways) has called a tender to rebuild the Mazeikiai-Renge railway section dismantled a decade ago. The section was used by the Mazeikiai-based oil processing company Orlen Lietuva, owned by Poland’s Orlen, to transport its oil products to Latvia. According to information on Lithuania’s central public procurement website, the…
DetailsThe prices of meat products in Kazakhstan increased in August compared to the previous month. Thus, horsemeat has risen in price by 2% MoM, the chicken legs – by 3%, and frozen fish – by 1%. At the same time, the prices of vegetables have showed a decline in the reporting period. In August the…
DetailsRyanair will perform flights on 12 routes to and from Ukraine in autumn-winter period and plans to carry about 635,000 passengers in a year. “European countries get closer. One of the largest international low-cost carriers – Ryanair – has started to operate flights from Ukraine. The Kyiv-Berlin flight is one of the twelve routes the…
DetailsThe municipal enterprise Mykolaiv International Airport will resume operations until the end of 2018; all the documents have been sent to the State Aviation Service, Acting Director of Mykolaiv International Airport Fedir Barna stated, the press service of Mykolaiv Regional State Administration reports. “The enterprise has already carried out all the necessary preparatory work to…
DetailsWhilst ride-sharing service Uber has hiked its prices at least in Tallinn, taxi-hailing app Taxify has announced that it is not planning to follow suit and that its pricing policy will remain as it is for the foreseeable future. “Taxify is not planning any changes in pricing in the near future,” Marek Unt, head of…
DetailsAs of August 1 Belarus’ external debt totaled $16.5 billion, down by $179 million or by 1.1% from the beginning of the year (taking into account differences in currency exchange rates), the Finance Ministry reported. In January-July external state borrowings totaled $1,506 billion, including $600 million in eurobonds, $515.1 million borrowed from the Russian government…
DetailsThe Azerbaijan-Iran car plant Khazar intends to start exporting cars to Russia and other CIS countries in 2019, Veronika Allahverdiyeva, official representative of the Azerbaijani AzerMash automobile company, declared. Allahverdiyeva made the remarks on the sidelines of the Moscow International Automobile Salon in Crocus Expo International Exhibition Center. Azerbaijani “Khazar” cars are showcased at the…
DetailsUkraine’s polypropylene (PP) imports increased by 9% YoY in the first seven months of the year, as demand for all PP grades grew. Overall imports of propylene polymers reached 74,000 tons in January-July, compared to 67,700 tons a year earlier. Demand for all PP grades increased, but PP block copolymers accounted for the greatest growth.…
DetailsStarting from October 28 Turkish Airlines plans to increase the frequency of flights on the Lviv-Istanbul route from 7 to 10 flights a week. This is the second increase in the number of flights in this direction over the past year. Flights on Monday, Thursday and Sunday will be carried out twice a day. At…
DetailsAfrican swine fever (ASF) has been confirmed on Romania’s largest pig breeding farm, where 140,000 animals are being culled. The deadly ASF virus was confirmed on the farm, which consists of three adjacent properties in the southern county of Braila, after water samples were sent to the authorities. Romania’s national veterinary authority, ANSVSA, confirmed the…
DetailsThe Latvian Supreme Court has banned the Riga public transport company SIA Rigas satiksme from continuing a procurement procedure of passenger van services without changing the procedure. With this week’s ruling the Supreme Court has satisfied the additional complaints by the bus service companies AS Liepajas autobusu parks and AS Nordeka. Having heard the explanations…
DetailsThe turnover of retail trade enterprises increased by 2% YoY in July, according to Statistics Estonia. The increase in July at constant prices led to a retail trade enterprises turnover of EUR 624.1 million. If seasonally and working-day adjusted data is taken into account however, the increase stood at 1%. The breakdown is as follows:…
DetailsThe Supervisory Board of PrivatBank has approved a new structure and composition of the management board, a press release issued by the bank states. “The management board structure is better aligned with the Bank’s tasks in the transformation period and the best European practices with a focus on the implementation of the approved Bank’s development…
DetailsUkrainian Prime Minister Volodymyr Groysman says Ukraine needs about 10 years to become a self-sufficient economy. “We will need some time to become self-sufficient from the economic point of view. I can cope with this task within 10 years. This means that our economy will undergo positive changes every year,” the prime minister said at…
DetailsBelarus intends to sell more beef to China, representatives of the Embassy of Belarus in China reported after Belarusian Agriculture and Food Minister Leonid Zayats held a series of negotiations in Beijing. Leonid Zayats met with top executives of the China Meat Association (CMA), Great Silk Road Company, and Chengdu Haiyunda Company. The sides discussed…
DetailsAccording to Statistics Estonia, in the second quarter of 2018 the total profit of the business sector was EUR 726 million, down by 12% YoY. Compared to the second quarter of 2017 the total profit decreased in most economic activities. Trade, agriculture, forestry and fishing, and information and communication enterprises contributed the most to the…
DetailsThe flights by Tez Jet Airline from Bishkek to Jalal-Abad and back, operated on Mondays, Wednesdays and Fridays, were suspended for two weeks. The airline refused to explain the reasons, referring to an internal order of the management. The company specified that it was possible to buy a ticket for Sunday and fly to Jalal-Abad…
DetailsSince the start of the year individuals have paid UAH 97.2 million of luxury car taxes, up by UAH 55.2 million YoY, the press service of the State Fiscal Service reports. “In January-July owners of luxury cars paid UAH 97.2 million of vehicle tax to local budgets. Compared to the corresponding period of the last…
DetailsIn June mayonnaise production by Ukraine’s large and medium-sized plants totaled 10.5 thousand tons, i.e. it recovered to the level of June 2017. Mayonnaise output in the reporting month was the second largest this year, but it still remained below the four-year average of 11.2 thousand tons. Although it gained almost 2% from May, this…
DetailsThe new Haabersti junction in Tallinn formally opened on August 28. Ranking as one of the biggest road intersections in western Tallinn and located close to the Rocca Al Mare shopping center, work had been in progress on the junction since April 2017, including the building of a flyover to replace the existing, outdated ground…
DetailsThe completion rate of the first unit of the Belarusian nuclear power plant stands at 80%, and that of the second unit – 60%, Mikhail Filimonov, Director General of the state enterprise Belarusian Nuclear Power Plant, declared. “The readiness of the Belarusian nuclear power plant is reflected by an integrated indicator resulting from a complicated…
Details“Kazakhstan’s GDP per capita will have reached $46,000 by 2025,” National Economy Minister of Kazakhstan Timur Suleimenov said. “As you know, early the Head of State signed the country’s development strategic plan until 2025. It is purposed to achieve sustainable economic growth leading to raising living standards by 2025 comparable to that in the OECD…
Details