Ukrainian President Petro Poroshenko has announced that the country’s defense industry has virtually gotten rid of dependence on the supply of components from Russia. “The defense industry’s efforts are now focused on the production of high-tech modern weapons, which fully meet world standards, and on the modernization of the existing types of armament,” he said…Details
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CEO of Estonian ferry company Tallink Grupp Paavo Nogene has voiced his opposition to the “tourism tax” proposed by Tallinn City Council chief Mihhail Kolvart, on the grounds that it would cause too many difficulties in the sector. Kolvart announced his support for a small tourism tax, which could potentially bring in millions of euros,…Details
The largest cement plant in Central Asia has been commissioned in the Sherabad district of Surkhandarya region. Construction of the Sherabad cement plant has been carried out by Almalyk Mining and Metallurgical Combine (AMMC) JSC. The cost of the project is $212.8 million, and its capacity is 1.5 million tons per year. The main part…Details
Most of the budget-funded objects under construction in Kyrgyzstan in 2018 have not been completed, according to the website of the State Agency for Architecture, Construction, Housing and Communal Services reports. In total, construction of 417 facilities is planned in 2018. At least 158 objects were not included in the plan. Most of the facilities…Details
Ukraine’s large- and medium-sized enterprises saw pre-tax profit grow by 1.9% YoY in the first half of 2018, to UAH 189.781 billion ($6.8 billion); their pre-tax profit in the first half of 2017 was UAH 186.259 billion ($6.69 billion). Profitable enterprises’ results grew by 7.3%, to UAH 289.737 billion ($10.4 billion), while unprofitable ones posted…Details
NJSC Naftogaz of Ukraine has not been buying natural gas under a contract with Russia’s PJSC Gazprom for 1,000 days, since November 26, 2015, importing gas from the West. As reported, inconsistent prices were behind Ukraine’s refusal to buy gas on its eastern border at the end of 2015. Late in December 2017 the Arbitration…Details
Kazakhstan exported 162 thousand tons of flour in May, up by 18% MoM (137.5 thousand tons), but down by 2% YoY (165 thousand tons). In total, Kazakh flour exports in MY 2017-2018 (September-May) were up by 4% YoY, at 1.8 million tons. The biggest importers of flour from Kazakhstan are its neighbors Afghanistan and Uzbekistan.…Details