The State Customs Committee of Azerbaijan transferred almost 1.15 billion manats to the state budget in January-June, up by 15.4% YoY, according to the Committee’s report. The Committee transferred more than 173.65 million manats to the state budget in June. Revenues from customs duties amounted to about 44.22 million manats, from the value added tax…
DetailsRyanair (Ireland), the largest European low-cost air carrier, has stopped the sale of tickets for flights to Kyiv and Lviv. This is evidenced by the ticket sales system on the airline’s website. There are no official statements of the company on the website, however it is impossible to purchase tickets for Ukrainian flights. As reported,…
DetailsCEO of Ukraine’s largest state-owned international airport Boryspil Pavlo Ryabikin says that signing contract with Europe’s largest low-cost carrier Ryanair will inflict UAH 2 billion, or $77 million, annual losses. “We determine that our risk zone is about UAH 2 billion of lost revenue, and this is in conditions when we have to invest UAH…
DetailsThe average price rate in Latvia comparing June 2016 to June 2017 has increased by 3% as products got 2.6% more expensive, services – by 4%, calculated the Latvian Central Statistical Bureau. The statisticians found that compared to June 2016, last month the greatest pressure on the price changes was put by the rise in…
DetailsIn January-June the port of Ventspils handled 12.4 million tons of cargo, up by 23% YoY. According to the port authority, transshipment of Ro-Ro cargo grew by 22%. In the reporting period, Kalija parks handled 175,000 tons. The number of passenger carried by Ventspils- Nynashamn line grew by 30%, to 21,700 passengers. Ventspils port is…
DetailsA new freight train will connect eastern China’s Jiangxi Province and Uzbekistan. The train loaded with steel coils, garments and daily items, valued at $1.8 million, departed from Chinese city Ganzhou on July 7 and is expected to arrive in Tashkent 12 days later. This train is a part of China-Europe railway route. More than…
DetailsEurasian Development Bank (EDB) expects that Belarus’ GDP will go up by 1.3% YoY in 2017, EDB’s July macroeconomic review says. “The economic recovery trend in Belarus continues. In January-May, the country’s GDP rose by 0.9% as against the same period of 2016. We expect that the positive tend will persist, and Belarus’ GDP will…
DetailsPresident of Turkmenistan Gurbanguly Berdimuhamedov signed a decree on reorganization of certain banks in the country, the Turkmen government said in a message. At a government meeting, the Turkmen president gave concrete instructions to the management of the country’s Central Bank. Also, a decree was signed on the transfer of rights and obligations on the…
DetailsUkraine has increased gas inventories in underground storage by 47.3% since the end of the heating season, according to operational data from Ukrtransgaz. The inventories amounted to 11.929 billion cubic meters on July 8, up from 8.1 billion cubic meters on March 22. The current inventories are up by 21.5% YoY (9.821 billion cubic meters),…
DetailsOver the past 4 months, trade turnover between Kazakhstan and Malaysia increased by 30% YoY. “Kazakhstan sees Malaysia as an important strategic, trade and economic partner among the countries of South-East Asia. I would like to note the positive dynamics of the bilateral trade and economic cooperation development. Foreign trade turnover between Kazakhstan and Malaysia…
DetailsThe Central Bank of Uzbekistan has set new standards for managing current and instant liquidity of commercial banks, said the message posted on the bank’s website. The current liquidity ratio defined as the ratio of the amount of current assets (liquid assets and bank’s investments with a payment period of up to 30 calendar days,…
DetailsBritain’s Crown Agents is replacing a number of medicines supplied under the project of public procurement of medicines for oncology adults and children by the 2015 state budget, the agency has said in a press release. At present, Crown Agents replaced 2,800 out of 17,000 packages of Methotrexate to treat child oncology that was procured…
DetailsUkraine boosted electricity exports by 59.5% YoY in January-June, to $136.4 million, according to Ukraine’s State Fiscal Service. Hungary accounted for 57.4% of electricity sales abroad, the share of Moldova was about 20.6% and that of Poland about 17.4%. In June Ukraine’s electricity exports to Hungary were estimated at $4.3 million, those to Poland at…
DetailsSlavkaliy will sell its products only via Belarusian Potash Company (BPC), Slavkaliy’s Chairman of the Board Mikhail Gutseriyev reported. When asked about possible cooperation with Uralkali, Mikhail Gutseriyev said: “We are going to work and sell only via Belarusian Potash Company. We are not going to compete with Belaruskali in any way.” According to Mikhail…
DetailsThe Free Economic Zone “Jizakh” held the ceremony of laying a capsule in the foundation of a new production complex of JV “Uzbekistan Peugeot Citroen Automotive”. A modern industrial complex designed to produce 16 thousand cars per annum is set to be built in the framework of the project on a land plot of 45…
DetailsAzerbaijani President Ilham Aliyev has signed an order to provide funding for the construction of Galagayin-Osmanli-Chol Beshdali-Zalgaraagach-Chol Agamammadli-Azadkend-Mugan Ganjali road in Sabirabad.
Under the presidential order, 14.4 million manats is allocated from the state budget for the construction of the road connecting 15 residential settlements with a total population of 41,000 people. (Trend/Business World Magazine)
According to the preliminary data, Belarus’ gold and foreign currency reserves totaled $6,561 million as of July 1, if calculated in accordance with methods of the International Monetary Fund, the Information and PR Department of the National Bank of the Republic of Belarus reported. In June the country’s gold and foreign currency reserves went up…
DetailsUkraine’s large and medium-sized crushers produced 16.2 KMT of margarine in May. Although its May output shrank by 17.3% MoM, the margarine market continues to persistently recover this year. Production increased by more than 22% YoY (13.2 KMT). Margarine output grew to over 90 KMT in the first five months of MY 2017. Thereby it…
DetailsIn 2016-2017 MY the export volumes of Ukrainian flour to African countries and the Middle East significantly increased. It is worth noting the increase in purchases by such countries as Somalia, which imported more than 30 thousand tons in July-May 2016-2017 MY, against 1.8 thousand tons in the whole previous season; Angola – over 28…
DetailsThere is an increased demand for Belarusian foodstuffs in Tula region of Russia, First Deputy Governor – Chairman of the Tula region government Yuri Andrianov reported. In Tula there are 52 stores selling Belarusian foodstuffs. Severn more stores offer Belarus-made consumer goods. All in all, there are more than 150 retail outlets selling Belarusian products…
DetailsDue to the constant delay in the adoption of important bills that are key to the International Monetary Fund (IMF) in deciding on the allocation of the next tranche, one of these tranches could be disbursed next year, Acting NBU Head Yakiv Smoliy said. “Due to the delayed consideration of important bills that were key…
DetailsIn January-May the foreign trade balance of Ukraine in goods and services reduced to a deficit of $1.647 billion, a decrease of 9.2% compared with the deficit figures for the same period last year ($1.813 billion), the National Bank of Ukraine (NBU) informed. It is noted that in the reporting period the deficit of foreign…
DetailsWith increased investments, Latvian farmers have managed to increase efficiency in the industry, a bank survey showed. According to the results of a survey performed by Swedbank, in 2017 farmers plan to invest money in grain dryers and towers, in updating machinery and buying agricultural land. “It is positive that farmers recognize that new technological…
DetailsJSC “Ukrzaliznytsia” offered customers a new mechanism to reduce the rolling stock shortage, in particular grain hoppers. “Ukrzaliznytsia suggests shippers to consider a possibility of increasing the number of rail cars by purchasing and subsequently providing them to Ukrainian Railways in financial leasing”, said the head of the board Wojciech Balczun. According to him “Ukrzaliznytsia…
DetailsThe Bellegrom Concern companies have signed some contracts worth a total of $112 million with their Russian partners during the fourth Forum of Regions of Belarus and Russia, according to Bellegprom’s official website. The forum comprised a fair that featured the products of 15 Bellegprom companies, namely Baranovichi Cotton Production Amalgamation, Lenta, Rechitsa Textile, Nadex,…
DetailsTashkent does not oppose the construction of the Roghun hydroelectric power plant (HPP), but national interests of Uzbekistan should be taken into consideration, Uzbek Foreign Minister Abdulaziz Kamilov noted during the direct dialogue while answering a question from resident of the Trans-Aral region during a live line in the International Press Club broadcast by O’zbekiston…
DetailsEnergy consumption in Kyrgyzstan increased, the National Electric Network of the Kyrgyz Republic reported. According to the operational data of the Central Dispatching Service NENK, electricity consumption in June was 763.14 million kilowatt-hours. The daily maximum power consumption reached 1,465 MW. The peak of daily maximum consumption was fixed on June 21 – 26.79 million…
DetailsAzerbaijani President Ilham Aliyev has signed an order to provide funding for the construction of Tartar-Seydimli-Garadaghli-Sarov road.
Under the presidential order, 7 million manats is allocated from the state budget for the construction of the road connecting 20 residential settlements with a total population of 24,000 people. (Trend/Business World Magazine)