Ukrainian President Petro Poroshenko said that a record high number of roads was repaired in Ukraine in 2018. “The year 2018 has seen a record high number of repaired roads in Ukraine: 3,800 km of both national and local loads have been repaired thanks to the launch of the Road Fund,” he wrote on Facebook.…
DetailsAccording to information released by Statistics Estonia, in November 2018, the turnover of retail trade enterprises totaled EUR 604 million, accelerating from 3% growth YoY in October to 5% growth at constant prices. The turnover of stores selling manufactured goods increased by 10% YoY. Turnover increased in most economic activities, except in stores selling second-hand…
DetailsLithuania has acquired additional combat and training missiles for the Norwegian medium-range aid defense systems NASAMS it is buying from Norway, Lithuania’s Ministry of National Defense said. Due to security reasons, the ministry does not disclose either the volume of the additional missiles, or the price, only saying that the total value of the purchase,…
DetailsThe passenger flow at Kyiv’s Boryspil International Airport in 2018 amounted to 12.6 million people, the airport’s press service has informed on Facebook. “The most important indicator of the airport’s successful operation is the number of people who took advantage of our services. Since 2014 Boryspil International Airport has been demonstrating a steady growth, so…
DetailsIn 2019, Ukrainian low-cost airline SkyUp Airlines intends to launch direct flights between Ukraine and Portugal. Starting from June 1, SkyUp Airlines will launch direct flights from Kyiv to the resort city of Faro located near Cape St. Mary. Flights will be operated twice a week on Wednesdays and Saturdays until October 26. The lowest…
DetailsOn December 25, 2018 the vessel Baltic Princess brought Finnish tourists on a Christmas-themed cruise to enjoy the Christmas Spirit in Tallinn, the Port of Tallinn says in a press release. “Winter cruises are a good opportunity to enjoy besides the usual sights of Tallinn, several Christmas-themed activities and explore the Estonian Christmas season customs,”…
DetailsBishkek Passenger Transport Municipal Enterprise posted an advertisement on the purchase of nine buses on the state procurement portal. They will be bought from Zhengzhou Yutong Bus Co. Ltd., which has won the tender for the supply of 60 buses. The purchase will be carried out by direct contract method, since its cost does not…
DetailsNext express trains in Azerbaijan may run in the directions of Gabala and Yalama, Chairman of Azerbaijan Railways CJSC Javid Gurbanov said. “If construction work goes according to schedule, then the railway services to Gabala will have been launched by the end of 2019. Technical capabilities allow this to be realized. The next destination will…
DetailsKherson City Council and the European Bank for Reconstruction and Development (EBRD) have signed an agreement on the preparation of loan financing for the purchase of new trolleybuses. “On December 27, 2018 Kherson Mayor Volodymyr Mykolayenko and First Deputy Mayor Ihor Kozakov held a meeting with Deputy Head of the European Bank of Reconstruction and…
DetailsRoshen Confectionary Corporation has lost one position in the rating of Global Top 100 Candy Companies 2018 and was the 25th, retaining sales at the level of 2017 with $800 million. According to the rating posted on the website of the Candy Industry publication, Roshen Corporation has eight factories and over 10,000 employees. Konti Group…
DetailsInvestments in the economy of Uzbekistan should grow by 16%, to $17 billion in 2019, said President Shavkat Mirziyoyev during the annual address to the Houses of Parliament on December 28 It is planned to absorb 138 trillion soums of investments ($16.6 billion). At the same time, the authorities plan to increase the size of…
DetailsAccording to information from the State Revenue Service, revenue from excise tax exceeds EUR 1 billion. The rise of excise tax revenue is not just tied to increased excise tax rates but also the expansion of the legal market of excise goods, which, in turn, points to optimal excise tax policy in the country. 52%…
DetailsThe Central Bank of Azerbaijan (CBA) expects to keep inflation rate at 4% (+/-2%) in 2019, according to a CBA statement on monetary policy for 2019 and medium term. Inflation rate was falling rapidly in 2018 than expected and stabilized at a single digit. Inflation rate was 2.3% in January-November. The average annual inflation rate…
DetailsMoody’s Public Sector Europe has upgraded the ratings of two Ukrainian cities – Kyiv and Kharkiv – to Caa1 from Caa2, which reflected Moody’s upgrade of Ukraine’s sovereign bond rating to Caa1, with a stable outlook, from Caa2 (positive outlook) on December 21. The outlook for the two cities was also changed to stable from…
DetailsUkraine’s state and government-guaranteed debt in November grew by 0.6%, or by $0.44 billion, to $74.76 billion. The amount of the debt in the hryvnia equivalent increased by 1.4%, or by UAH 29.4 billion, to UAH 2.122 trillion, the Ukrainian Finance Ministry said. Since the beginning of the year, the country’s state debt in the…
DetailsA high-speed Stadler train will be launched in the coming days, and this train will run along the Baku-Ganja route, Azerbaijan Railways CJSC reported on December 27. This train will travel at a speed of 159 kilometers per hour. Passengers will be able to use VIP and business class seats. Each railcar will have a…
Details$38.2 million will be spent on the modernization of Shirak and Zvartnots airports in Gyumri and Yerevan respectively. When approved, the project initiated by the concessionaire of both airports will seek to ensure ICAO safety standards, the airport capacity will be made consistent with the expected increase in passenger traffic and reach the level of…
DetailsThe volume of freight transported via Belarus rose by 20% in January-November, the State Customs Committee of Belarus reported. “The flow of freight via Belarus increases rapidly every year. For example, more than 62 million tons of goods was transported via the Belarusian border in January-November, up by 10 million tons YoY,” the State Customs…
DetailsUkrainian Infrastructure Minister Volodymyr Omelyan has said he expects the construction of toll roads in Ukraine to begin next year. “The last word will be for Ukravtodor. I fully trust Ukravdotor Chief Slawomir Nowak. He has built many toll roads in Poland. I hope that we will be able to start it next year. We…
DetailsIn January-November, water transport of Ukraine carried 5.3 million tons of cargo, down by 2.1% YoY, says State Statistics Committee of Ukraine.
Cargo turnover fell by 20.8%, to 3,155.1 million ton-km.
All types of transport carried 517 million tons of cargo (-1.5%). (PortNews/Business World Magazine)
UAE-based investment company Frontera Capital will acquire securities of O’zsanoatqurilishbank. The delegation of O’zsanoatqurilishbank visited the United Arab Emirates, where the parties signed the agreement on development of cooperation. The document provides for raising $50 million using investment and credit instruments. The agreement also provides for the sale of securities of the Uzbek bank to…
DetailsInflation in December 2018 compared to December 2017 will be about 1%, the National Bank of Kyrgyzstan says. It is noted that, taking into account the updated data, the estimate of annual inflation rate has been revised to a greater decrease. At the same time, in the second half of 2019, it will enter the…
DetailsIn accordance with the statistics of the Azeraeronavigation Air Navigation Department (AZANS) for 2018, a total of 150,000 flights used Azerbaijan’s airspace, and 95,000 of them accounted for transit flights, the press service of Azerbaijan Airlines CJSC reported. These figures are record-high in the history of AZANS. During the daily period, record-high number was 500…
DetailsPrivatBank declared a profit of UAH 9.03 billion in January-November. Earlier, Deputy Head of the Board at PrivatBank Halyna Pakhachuk said that about half of the bank’s interest income was generated by government bonds received during additional capitalization – UAH 8.7 billion since the beginning of the year (the Finance Ministry’s coupon payments on government…
DetailsThe largest share of gross domestic product (GDP) of Georgia by region was held by the capital city of Tbilisi (50.1%), followed by the regions of Imereti (10%), Adjara (8.9%), Kvemo Kartli (8.2%) and Samegrelo-Zemo Svaneti (6.4%). Overall, the GDP of Georgia at current prices in 2017 amounted to 37.84 billion GEL, says the regional…
DetailsWhen weather becomes cold, demand usually increases for mulled wine, hot juice-based drinks, as well as ingredients needed to make them, according to information from ELVI. Demand for hot drinks with juice in them doubled in November when compared to the same month of last year. Mulled wine sales, on the other hand, increased 8-fold.…
DetailsThe Union of Entrepreneurs and Employers of Poland believes that the possible outflow of Ukrainian workers to Germany could inflict serious damage to the Polish economy. On December 9, the German government approved a bill that provided for the abolition from 2020 of priority conditions in employment of own citizens and those of other EU…
DetailsThe first official fight from the city of Mykolaiv in the south of Ukraine to the capital city of Kyiv, which was scheduled for December 22, was postponed due to low demand. “The first flight was rescheduled for December 26 over the low percentage of sold tickets. There was not enough time for people to…
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