Ukraine’s economic losses from the conflict in Donbas in 2016 amounted to 20.4% of GDP, according to statistics data given in the Global Peace Index, published by the Institute for Economics and Peace in Sydney, Australia. According to its data, the economic cost of violence in the country is 20.4% of GDP, or $66.749 billion…Details
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Kazakhstan’s flag carrier Air Astana has announced the launch of a new route between Uralsk and Frankfurt starting from June 14. Flights will be operated once a week on comfortable Airbus-320. Local authorities instructed local border service to improve the quality of service at the international terminal of Uralsk airport. (Kazinform/Business World Magazine)Details
Tajikistan’s Communications Service building design has won the five-star Asia Pacific Property Award 2017 for the Best Commercial High-rise Architecture. The building design has been worked out by the design office of Tajik Architects’ Union. The design authors are chief architect Bahrom Yusupov and architects K. Naimov, R. Sharipov and H. Ayubjonov. Yusupov says the…Details
The economy of Kyrgyzstan experienced a shock after joining the EEU, the Economist of the World Bank office in Kyrgyzstan Bakyt Dubashov said on June 2 at a press conference. According to the results of 2016, macroeconomic growth was noted at the expense of Kumtor, but even without gold mining, there is an increase of…Details
The tender commission for selecting investors to construct incineration plants in Lviv region has recognized as winners all three companies that participated in the second round of the tender. The commission announced this decision at a meeting on May 31. Thus, Investment and Environmental Company, Glasswork Technology LLC and Waste Management Systems LLC got the…Details
Compared to Q1 2016, the volume of freights carried by land and pipeline transport increased by 3.6 million tons or by 13.6% in Q1 2017. The most notable growth in the volume of freights carried was recorded in road transport – of 2.6 million tons or 22.2%. The volume of freights carried by land and…Details
Ukrainian Deputy Prime Minister Stepan Kubiv cut the government’s 2017 economic growth forecast to 1.8% from 3%, citing a trade blockade with separatist-held territories as one of the drivers for the revision. The new forecast is just below the central bank’s revised prediction of 1.9%. Kubiv said growth for 2018 would likely climb to 3%,…Details