There is no need to increase the limit of electricity consumption. This was announced at the meeting in the government on the preparation of the population and sectors of the economy for the heating season 2017-2018 by the director of the State Agency for Regulation of the Fuel and Energy Complex Taalaibek Nurbashev. According to…
DetailsThe European Union (EU) and Azerbaijan must focus on the expansion of agricultural trade volume, head of the EU Delegation to Azerbaijan Kestutis Jankauskas said. He said that despite EU being the main trade partner of Azerbaijan, the trade turnover volume in agricultural sector was low. “Export of agricultural products from Azerbaijan to the EU…
DetailsSince the beginning of 2017-2018 MY, and as of November 1, Ukraine exported nearly 14 million tons of grains, down by 1 million tons YoY, the Head of the State Service of Ukraine for Food Safety and Consumer Protection (SSUFSCP), Volodymyr Lapa within frames of the second conference “Grain exports from Ukraine” declared. He noted…
DetailsUkraine’s honey exports hit an all-time high in the first nine months of 2017 on the back of the increased demand in the United States and Europe, according to an official from the United Nations Food and Agriculture Organization (FAO). According to Anna Burka, the FAO consultant, Ukraine supplied abroad a record of 46,200 tons…
DetailsNortheastern Estonia-based shale oil producer Viru Keemia Grupp (VKG) lost in court in an oil shale dispute against state-owned energy group Eesti Energia and the Estonian Competition Authority. Tallinn Administrative Court decided not to satisfy a claim filed by VKG AS and VKG Oil AS regarding the termination of a supervision proceeding. The Estonian Competition…
DetailsAnnual consumption of alcohol in Estonia declined to 9.9 liters of absolute alcohol per adult resident in 2016, it appears from an annual review presented at a conference of the National Institute for Health Development (NIHD). According to the same data, published in the yearbook titled “Alcohol Market, Consumption and Harms in Estonia 2017,” 11.1…
DetailsLatvian national airline, airBaltic, plans to launch Riga-Almaty flights next year. “I can now say that starting next year airBaltic will fly through Almaty. I think it will be a direct flight between Riga and Almaty. This year, we have obtained new Bombardier CS 300 aircrafts. Besides, nearly 60 direct flights connect Latvia with other…
DetailsThe Central Bank of Azerbaijan (CBA) will hold a deposit auction on November 6 to raise funds, the CBA said on November 2. CBA is ready to receive 100 million Azerbaijani manats from banks, with interest rate on deposits varying from 10.01% to 14.99%. The auction will be held on the Bloomberg trading platform. The…
DetailsPJSC Severodonetsk Azot (Luhansk region) has resumed production of ammonium nitrate, the company’s website reports. “We have renewed work on the entire technological chain – from accepting ammonia to obtaining mineral fertilizers. And we’ve renewed the work of power units and two technological departments: production of nitric acid and production of ammonium nitrate. The mineral…
DetailsFirst Deputy Prime Minister and Economic Development and Trade Minister Stepan Kubiv has said that Ukraine is interested to increase exports of goods to Canada. In a post on his Facebook page, he wrote: “With my colleague Minister of International Trade of Canada Francois-Philippe Champagne we discussed new opportunities for trade. A total of 154…
DetailsEstonia retained its position as 12th among 190 countries in the latest edition of the World Bank’s Doing Business rankings published on October 31. “As Minister of Finance, I am pleased to see that the World Bank has deemed Estonia to deserve 14th place in ease of paying taxes – this is definitely recognition for…
DetailsKazakhstan plans to hold the first green energy auction in 2018 to purchase energy generated from Renewable Energy Sources (RES), said Kazakh Energy Minister Kanat Bozumbayev during a government meeting on environmental issues. “In 2018, we plan to hold the first auction on RES. I think ensuring attractive conditions for the winner of the auction…
DetailsSpecialists of the Dashoguz hydrogeological expedition are conducting on-site exploration and evaluation of fresh groundwater reserves. The work is carried out to establish the level of provision of the Dashoguz district with fresh water resources in order to meet the needs of fast growing population in high quality drinking water. In 2017 Turkmenistan chairs the…
DetailsBank Pivdennyi (Odessa) in January-September posted a profit of UAH 58.385 million, up by 14.3% YoY (UAH 51.101 million). According to a bank financial report posted on its website, its net interest income for the nine months amounted to UAH 721.308 million, up 2.7-fold YoY (UAH 271.020 million). Excluding expenses for formation of reserves, its…
DetailsPrivatBank (Kyiv) saw net loss of UAH 1.604 billion in January-September compared with net profit of UAH 592 million a year ago, according to a financial report of the bank posted on its website. The bank said that its net interest income grew by 43.8%, to UAH 4.959 billion. Not taking into account expenses on…
DetailsThe Estonian state-subsidized Elron, which operates passenger rail service across Estonia, is increasing ticket prices for its electric and diesel trains by 3% to 5% on average. The new prices will take effect on December 10. “Beginning on December 10, the procedure for calculating infrastructure fees will change,” explained Elron sales and development manager Ronnie…
DetailsThe government of Kyrgyzstan amended the republican budget for 2017. The real growth of the gross domestic product (GDP) in 2017 is expected at 3.5% compared to the approved 2.9%. The volume of state budget revenues, including public investment grants, is projected at 156,056.5 billion soms, or 31.6% of GDP. The total amount of state…
DetailsZiraat Bank will contribute to the development of relations between two brotherly countries – Turkey and Azerbaijan, Ziraat Bank CEO Huseyin Aydin has said at the opening of the bank’s new head office in Baku. He noted that Ziraat Bank came to Azerbaijan to help the development of the country’s financial sector. “With the growing…
DetailsPJSC Frunze Plant (Kharkiv) has shipped the first batch of products to a British woodworking company. “A company from Wales, engaged in woodworking and promotion of environmental boilers, has been shipped 175 sieves,” the press service said. According to the report, the products of the Ukrainian enterprise will be used by the British firm to…
DetailsThe loss of the public joint-stock company Kyivenergo from supply of heat and hot water to budget-sustained institutions is around UAH 1.2 million a day, the company’s press service has reported. “Due to a lack of conformance in the prices (the price of gas sold by Naftogaz Ukrainy for these purposes (UAH 7,907) and the…
DetailsThe city of Tartu, Estonia’s second largest, is set to place bonds worth EUR 13.5 million with LHV and Nordic Investment Bank (NIB) to raise money for its 2017 financing needs. LHV pension funds are buying bonds for EUR 5.5 million and NIB for EUR 8 million, Tartu city government announced. The funds raised will…
DetailsHiiumaa’s ferry connection to the Estonian mainland was interrupted on October 30 after the ferry Leiger breaking down in port not only prevented it from departing for the island, but prevented the Tiiu from docking in Rohukula as well. The Tiiu departed Heltermaa, the port serving Estonia’s second-largest island, on schedule, but was unable to…
DetailsThe sub-surface metro circle line being built in Uzbekistan’s Tashkent will have a total length of 52.1 kilometers, the press service of the country’s President Shavkat Mirziyoyev said in a message. Mirziyoyev reviewed the progress of the metro line’s construction, being at the initial stage, according to the message. It was decided to lay 50.5…
DetailsA new China-Europe freight train route was launched on October 29 in Urumqi, capital of northwest China’s Xinjiang Uygur Autonomous Region. The first train, carrying oil drilling equipment is bound for Poltava via Kazakhstan and Russia. This is the first cargo train linking Xinjiang with Ukraine. The new route will cut the transportation time from…
DetailsThe National Bank of Ukraine (NBU) at the foreign exchange auction on October 27 sold $86.1 million to Ukrainian banks, according to the press service of the central bank. The minimum exchange rate of hryvnia during the auction was UAH 26.86 per U.S. dollar, the maximum – UAH 26.87 per U.S. dollar. Earlier, the NBU…
DetailsPresident of Turkmenistan Gurbanguly Berdimuhamedov met with Ukrainian businessmen, Chairman of the Board at Interbudmontazh Construction Association Vladimir Petruk and Director General of Altcom Financial Industrial Group Alexander Tislenko, the Turkmen government said in a message. President Berdimuhamedov noted that Turkmenistan aimed at mutually beneficial cooperation with foreign partners, including with the business circles of…
DetailsPresident of Turkmenistan Gurbanguly Berdimuhamedov met with the Chairman of the Union of Oil and Gas Producers of Russia Yuri Shafranik. During the meeting, it was noted that Russia intended to expand its presence in the promising Turkmen market by actively participating in new joint projects. “In particular, this concerns the exploration, production and processing…
Details