DTEK Prydniprovska Thermal Power Plant re-connected one of its power units to the grid. DTEK Kryvorizka TPP reactivated its powers units earlier. Thus, the thermal power plants have confirmed their readiness to ensure stable operation of Ukraine’s energy system during summer peaks. This is the first unit reactivation since April when DTEK Prydniprovska and Kryvorizka…
DetailsIn April the average salary of a full-time employee across Ukraine totaled UAH 6,659, down by 1.4% MoM and up by 36% YoY, according to the State Statistics Service of Ukraine. The average salary in April exceeded the minimum wage of UAH 3,200, 2.1-fold. According to the State Statistics Service, the actual salary decreased by…
Details13 dedicated lanes will be made in the capital as per June 3, the city government press-service reports. 11 bus lanes have already been added to the streets of Astana. Altogether, there will be 24 bus lanes, the total length of which is 79 km. The city authorities note that new bus lanes will make…
DetailsUkraine’s fat-and-oil industry seasonally boosted mayonnaise production in the latest two months. Large and medium-sized manufacturers made 12 KMT of this product in April that is a three-year high but slightly down from the previous month (12.1 KMT). A lag is still observed behind last year, though it decreased to 3.8% against 5.7% a month…
DetailsThis week, Latvian Economy Minister Arvils Aseradens will invite businesses to contribute to development of innovations, adding that the country’s healthy development requires businessmen as invaluable partners, because development of products, services or innovations also contributes to the development of separate industries. Next week’s agenda states that Aseradens will take part in multiple events organized…
DetailsUzbekistan’s President Shavkat Mirziyoyev signed a decree on the construction of an electrified double-track high-speed railway around Tashkent. The project with a total cost of $320.1 million will be implemented in 2017-2021, according to the document posted on the website of the president’s press service. The total length of one line of the ring road…
DetailsCompared to March, the level of construction costs in Latvia increased by 0.9% in April. Labor remuneration of workers grew by 2.9%, prices of building materials increased by 0.5%, whereas maintenance and operational costs of machinery and equipment rose by 0.4%. Compared to April 2016, construction costs increased by 2%. Labor remuneration of workers rose…
DetailsThe Belarusian Economy Ministry intends to arrange roundtable sessions every month in order to evaluate the current macroeconomic situation together with representatives of other government agencies, the Public Relations Department of the Economy Ministry reported. A government conference took place at premises of the Belarusian Economy Ministry at the end of last week. It was…
DetailsResidents of border areas of Tajikistan and Kyrgyzstan believe that cross-border trade can promote providing stability and developing confidence-building measures as well as help solve economic problems facing residents of border areas. A meeting to discuss development of a cross-border trade between the Bobojonghafourov district in Tajikistan’s Sughd province and the Leilek district in Kyrgyzstan’s…
DetailsUkraine’s exports of goods and services grew by 28% YoY in the first quarter of 2017, to $12.4 billion, up by $2.7 billion, according to the Ukrainian Economic Development and Trade Ministry’s press service. At the same time, exports of goods increased by 34.4% (by $2.7 billion), to $10.4 billion. The share of agriculture and…
DetailsThe forecast of grains and pulses production in Ukraine in 2017 totals 62.7 million tons, which corresponds to the average annual figures for 5 recent years. Such volumes will provide the export potential in the new season at 39 million tons, the grain market analyst at APK-Inform Agency Andrey Kupchenko declared. The expert noted that…
DetailsPrices for some food products have soared in Dushanbe ahead of the holy month of Ramadan. Thus, the price for one kilogram of potatoes rose at Dushanbe’s bazaars from 4.00 to 5.00 somoni. Low-quality beef is being sold at the rate of 35.00 somoni per kilogram. Meanwhile, a good beef is being sold under cover…
DetailsThe amount of cash money circulating in Tajikistan has risen by 50% in four months to May 1, reaching 8.8 billion somoni, according to the National bank of Tajikistan (NBT). Meanwhile, Tajikistan’s monetary base has increased over the same four-month period to 11.6 billion somoni. Increase in the money supply has reportedly been caused by…
DetailsDevelopment of transportation infrastructure of Turkmenistan’s regions is an important component of the country’s large projects. This developmental activity is aimed at involving the regions in economic, trade, and humanitarian cooperation, increasing investment potential, promoting entrepreneurship in rural areas, and industrial integration, according to the report. Central Asia is becoming one of the world’s most…
DetailsTrade of natural gas to legal clients in Latvia has commenced. Latvenergo’s Elektrum product offers fixed-price contracts for 12-month supply period. The first gas supply contracts have been signed with clients in Latvia, the company reports. As reported by the company, Latvenergo is the largest gas consumer in Latvia. The company uses approximately 40% of…
DetailsPresident Petro Poroshenko underlines the efficiency of the experiment initiated by him to allocate half of unscheduled revenue from customs duties for construction, restoration and reconstruction of roads in Ukraine. This has been reported by the press service of the Head of State. “Repair and construction of road in Ukraine is among the top priorities…
DetailsA groundbreaking ceremony for construction of the Aga Khan Medical Center has been held in Khorog, the capital of the Gorno Badakhshan Autonomous Province (GBAO). The ceremony was attended by Shodikhon Jamshed, Governor of GBAO, and Akbar Ali Pesnani, Resident Representative of the Aga Khan Development Network (AKDN) in Tajikistan. They laid the time capsule…
DetailsThe European Bank for Reconstruction and Development (EBRD) accounts for some 15% of funds provided to support investment projects in Tajikistan. Issues related to implementation of the EBRD-supported projects in Tajikistan were discussed on May 25 at a meeting of senior representatives of the State Committee on Investment and State-owned Property Management (GosKomInvest) with representatives…
DetailsThe choice of the foreign supplier of encrypted communications equipment for Ukraine’s armed forces will be made based on the results of a competition held by the military, Ukrainian Prime Minister Volodymyr Groysman has said. “I don’t want to be the one who picks what kind of communications system Ukraine’s army uses. I want it…
DetailsAnother batch of the Ukrainian-made Oplot main battle tanks will be supplied under the contract to Thailand next week, chief engineer at Kharkiv-based Malyshev Plant Oleksandr Sheiko said on May 25. “We will ship another batch to Thailand next week. Information on the number of tanks is confidential. We have fulfilled three quarters of the…
DetailsThe International Bank of Tajikistan (IBT) has opened its first banking service center in Qurghon Teppa, the capital of Khatlon province. The center opening ceremony that took place on May 25 was attended by top managers of the bank, regional administrators of Khatlon, representatives of the National Bank of Tajikistan (NBT)’s office in Khatlon, managers…
DetailsReconstruction of the Kokhi Vahdat (Palace of Unity) State Complex, which is the headquarters of the Tajik ruling People’s Democratic Party and is also used to host international conferences, has begun. The national budget has earmarked some 30 million somoni (equivalent to some $4 million) for reconstruction of the Kokhi Vahdat State Complex, a source…
DetailsPrime Minister of Belarus Andrei Kobyakov was made familiar with the development of enterprises in the industrial park Khimgrad and enterprises of Kazanorgsintez Company in Tatarstan, the Russian Federation. While on a tour of Khimgrad Andrei Kobyakov was made familiar with the manufacturing sites of the resident companies there. Those are primarily companies specializing in…
DetailsA lack of fuel supplies to Tajikistan’s airlines is reportedly forcing the carriers to perform layovers at foreign terminals during long international flights. The problem appears to stem from a disagreement over money owed by the airlines to the Fuel Supply Company (OJSC Toplivo-Zapravochnaya Kompaniya or TZK), which occupies a monopoly position on Tajikistan’s aviation…
DetailsA set of documents and agreements was signed in Tashkent on May 25 following a meeting of the Uzbekistan-Turkey Intergovernmental Commission for Trade and Economic Cooperation and the Uzbekistan-Turkey business forum. The documents and agreements envisage the implementation of around 30 projects in pharmaceutics, textile industry, electro-technical, construction and banking sectors, worth more than $2…
DetailsAccording to the official statistics figures, in July-April of the season 2016-2017 Ukraine exported 67.86 thousand tons of brewing barley, up 10.4-fold YoY (6.5 thousand tons).
In the current MY, Belarus (53%), Poland (30%) and Romania (16%) became the main foreign buyers of brewing barley from Ukraine. (APK-Inform/Business World Magazine)
Belarus is ready to supply Tatarstan with electric buses, Belarus Prime Minister Andrei Kobyakov said as he met with Tatarstan President Rustam Minnikhanov on May 25. “Electric buses are being tested on Minsk streets today. It is a new type of transport for the CIS and we hope for a success of the project,” Andrei…
DetailsThe board of the National Bank of Ukraine (NBU) has decided to lower the refinancing rate to 12.5% as of May 26, from 13% per annum.
The decision was sealed in NBU resolution No. 318-rsh dated May 25, the NBU said in a statement. (Interfax-Ukraine/Business World Magazine)
According to the Ag Ministry of Ukraine, sunflower planting was completed on 5223.1 thousand ha as of May 22, that is 97% of the planned 5390.3 thousand ha (official data). Planting runs 4.8% ahead of last year’s pace. 4985 thousand ha of sunflower was sown at the same time a year ago. As of May…
DetailsConstruction work has commenced in Ventspils industrial territory on Talsu Street 200. Latvian National Fisheries Producers’ Organization plans to build a fish freezer facility there, as reported by Ventspils Freeport. It is noted that the 7.3 ha territory on Talsu Street 200, which was used to house an animal farm during the Soviet era, remained…
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