Ukraine: 80% of fish imported

Ukraine imports 80% of the consumed fish, according to First Deputy Agrarian Policy Minister Maksym Martyniuk. He stated that Ukraine had huge potential for import substitution. “We need to develop the production of aquaculture: once the fish is produced in Ukraine and sold for the Ukrainian hryvnia, then poachers, who now receive fish for free…


Latvia: economy growing fast

The final data on the year 2017 by the European Union statistical bureau Eurostat showed that both the economy of the EU and the euro area had expanded at the quickest pace since 2007. Economist Ryan Djajasaputra of the South-African, British banking group Investec evaluated that much of the growth in 2017 had been driven…


Kazakhstan: barley exports growing

The National Economy Ministry of the Republic of Kazakhstan has published data on the country’s total crop and adjusted plantings for the 2017 harvest. In addition, the release includes somewhat surprising figures for grain yields. The Statistics Committee of the Ministry expanded the barley acreage in Kazakhstan to a much greater degree than expected, while…


Estonia: building next Tartu Highway section narrower not to undermine safety

Building the next new section of Tallinn-Tartu Highway narrower than originally planned and without yet adding the final layer of asphalt is economically efficient and will have no negative effects on road safety, Minister of Economic Affairs and Infrastructure Kadri Simson (Center) said. “In the search for possibilities to achieve the maximum outcome under conditions…


Ukraine: local budgets revenues up in 2017

Revenues of local budgets in Ukraine grew by 31% or by UAH 45.3 billion due to the decentralization reform carried out in 2017, Prime Minister Volodymyr Groysman wrote on his Facebook page. “665 united territorial communities have already been created in Ukraine. Territorial communities receive millions of hryvnias for infrastructure development: they buy equipment for…


Azerbaijan: volume of wine exports in 2017 revealed

In 2017 Azerbaijan exported wine products worth $6 million, economy minister Shahin Mustafayev said at a press conference on February 13.

Furthermore, Azerbaijani wines worth $1 million were delivered to China, he said. (Trend/Business World Magazine)

Azerbaijan: foreign companies to win from investing in construction sector

Foreign companies can only win from investing in construction sector in Azerbaijan, President Ilham Aliyev said on February 13 at a meeting with a delegation led by Wolfgang Buechele, chairman of Germany’s Committee on Eastern European Economic Relations. Speaking about the construction materials sector, the Azerbaijani president stressed that a big cement plant was built…


Ukraine: Ukrzaliznytsia denies transportation of military cargo from Russia to Transdniestria

The public joint-stock company Ukrzaliznytsia has denied information that the company has allegedly been involved in transportation of military cargo from Russia to Transdniestria. “According to the information from the automated systems of PJSC Ukrzaliznytsia, the transportation of military cargoes indicated in the application was not carried out from the Russian Federation to Transdniestria,” the…


Turkmenistan: co-operation with Belarus to develop

President of Turkmenistan Gurbanguli Berdimuhamedov confirmed the structure of the Turkmen part of Turkmen-Belarus intergovernmental committee on scientific and technological cooperation. Document was signed in order to further develop cooperation between Turkmenistan and Belarus, a message of the Turkmen government said. Turkmenistan is one of the key partners of Belarus in Central Asia, message on…