Ukrenergo in January-September increased transmission of electricity through the backbone power grids by 5% (by 4.042 billion kWh) compared to the same period in 2016, to 84.28 billion kWh. According to a report posted on the company’s website, the cost of electricity transmission services rose by 25.8% over the nine months (by UAH 1.231 billion),…
DetailsThe Ukrainian State Food Safety and Consumer Protection Service says 67 Ukrainian honey producers have been licensed to supply their produce to foreign markets, according to the service’s press office. “Sixty-seven business entities engaged in the production and/or storage of honey and licensed to export their products outside Ukraine have been included in the state…
DetailsDuring the cruise season of 2017 cruise vessels called Tallinn 311 times and brought a record-breaking number of 564,280 cruise passengers to Tallinn. Saaremaa Harbor had 5 cruise ship calls with a total of 1,513 passengers. On October 30, Port of Tallinn together with clients and partners of the Estonian cruise industry gathered at Estonia’s…
DetailsThe European Bank for Reconstruction and Development (EBRD) has revised upward the forecast for Belarus’ GDP growth to 1.5% in 2017, according to the Bank’s website. In 2018 the Belarusian economy will expand by 2%. The EBRD also revised Russia’s GDP forecast up to 1.8% in 2017. The bank also revised Russia’s GDP growth forecast…
DetailsIn January-August Kazakhstan exported nearly 2.4 million tons of wheat and meslin, a decrease of 10.1% compared with the same period last year, the Statistics Committee of the Ministry of National Economy of the Republic of Kazakhstan reported. According to the announcement, in the reporting period the export earnings decreased by 10.4%, to $382 million.…
DetailsFlu vaccine producers planned on bringing 63,000 doses of flu vaccines to Estonia for this year, a quarter more than last season. Before the flu season has even begun, however, these vaccines have already all sold out. Kadri Saar, a senior inspector at the Bureau of Activity Licences and Inspections of the State Agency of…
DetailsThe European Bank for Reconstruction and Development (EBRD) expects Azerbaijan’s economy to grow by 2% in 2018, according to an updated Regional Economic Prospects report published on November 7. The bank’s analysts noted that the start of gas production within the second stage of development of the Shah Deniz gas condensate field would support the…
DetailsUkraine’s economic growth will exceed 3% next year, but the government’s task is to ensure at least 5-7% growth, Prime Minister Volodymyr Groysman has said. He stated this at a government meeting on November 8. “We met with trade unions, the Federation of Employers of Ukraine. We talked about problems and the ways of solving…
DetailsUkraine in January-October exported electricity valued at $209.293 million, in particular in October at $19.685 million. According to the State Fiscal Service, in January-October electricity was supplied to Hungary for the amount of $118.529 million, Moldova for $48.655 million, Poland for $31.485 million and other countries for $10.624 million. Thus, in monetary terms exports of…
DetailsAccording to the information released by the Statistics Estonia on November 7, the consumer price index increased by 3.8% YoY, but decreased by 0.2% MoM, with changes affected the most by food prices. Compared to last October, goods were 4.8% and services 2% more expensive; regulated prices of goods and services rose by 6.6% and…
DetailsTurkish company Solaray Renewable Energy expands its market and is considering the possibility of implementing projects to produce “clean” energy in Ukraine, the State Agency on Energy Efficiency and Energy Saving of Ukraine informed after a meeting between head of the agency Serhiy Savchuk and the general director of the Turkish company. In addition to…
DetailsThe National Bank of Kazakhstan notes a high probability of strengthening the tenge rate by the end of the year. According to the NBK Chairman Daniyar Akishev, currently, the foreign exchange market is stable. “The exchange rate fluctuates within the historically formed limits given the oil prices and exchange rates of trading partner countries. We…
DetailsThe National Bank of Ukraine (NBU) has declared PJSC Bank Boguslav (Kyiv) insolvent, according to the central bank’s website. The NBU Board made corresponding decision No. 708-RSh/BT on November 6. “As of November 1, Bank Boguslav had not ensured the implementation of measures foreseen in the previously approved restructuring plan with respect to raising charter…
DetailsIn January-September the volume of exports of Ukrainian meat products increased almost 1.5-fold, from $271 million to $397 million, compared to the corresponding period of 2016, Deputy Director of the National Research Center “Institute of Agrarian Economics” Mykola Puhachov announced. According to him, there is a positive tendency of increase in volumes of export of…
DetailsThe first cargo vessel carrying timber belonging to Westwood Group OU departed for the Port of Lanshan, China, from the general cargo terminal of Estonia’s Transiidikeskus AS last weekend. The vessel carrying the shipment of timber is the general cargo ship Kraszewski, which is the largest timber-carrying ship yet to enter Muuga Harbor, according to…
DetailsTurkmenistan, enjoying vast of hydrocarbon resources, has prepared about 300 prospective oil and gas structures for deep drilling. This was stated by Shahim Abdrakhmanov, chairman of the state corporation Turkmengeology, at the international conference entitled “Oil and Gas of Turkmenistan – 2017”. Energy rich nation of Turkmenistan has opened about two hundred oil and gas…
DetailsAzerbaijan’s power plants generated 18.3 billion kilowatt hours of electricity in January-October, as compared to 18.4 billion kilowatt hours in the same period of 2016, says a message of Azerenergy JSC. Azerenergy JSC generates, transmits, distributes, and supplies electric and heat energy by using thermal and hydro resources in Azerbaijan. According to the message, more…
DetailsFrance hopes that it will continue to strengthen cooperation in all spheres with Turkmenistan, French President Emmanuel Macron said in a letter to his Turkmen counterpart Gurbanguly Berdimuhamedov. The French president in his letter welcomed continuous development of partnership strategy with Turkmenistan over the past 25 years. In addition, the letter said that France would…
DetailsTransaviabaltika, which operates flights connecting Tallinn to the capitals of the major Western Estonian islands of Saaremaa and Hiiumaa, operated a total of 106 flights to the two islands in October. While passenger numbers increased on the Kuressaare route, the load factor on Kardla flights remained modest. Transaviabaltika operated a total of 53 flights on…
DetailsDraft laws on legal protection of inventions and on legal protection of industrial designs were approved and adopted at the 24th session of the Turkmen parliament, said the Turkmen government in a message. A set of measures are planned for the formation of the national intellectual property system and bringing it to the international level,…
DetailsA logistics center is to be built in Lviv region near the border with Poland, the head of the department for investment policy at Lviv Regional State Administration, Roman Matys, has reported. “The status of land plots that could be allocated for the creation of a logistics center is being worked out. The regional authorities…
DetailsThe public joint-stock company Ukrzaliznytsia on November 2 launched new train pair No. 127/128 Kovel-Kharkiv. The press service of the company reported that the train would run on even dates from Kovel to Kharkiv and on uneven dates from Kharkiv to Kovel. Over 70% of seats were sold for the first train. The train will…
DetailsTurkmenistan is turning into a country of major transport and logistics hubs of interregional and intercontinental importance located along the Silk Road, the country’s President Gurbanguly Berdimuhamedov said in an appeal to employees of the state customs service in connection with their professional holiday. Turkmenistan’s positions in the global economic space are being strengthened, he…
DetailsEstonian state-owned flag carrier Nordica transported 61,000 passengers in October, marking a 67% increase YoY. The flag carrier also retained the largest market share of airlines with flights departing from Tallinn at 27%, according to a company press release. Nordica operated a total of 1,146 flights in October, with 98% of all planned flights taking…
DetailsThe central bank intends to reduce the refinancing rate to 10% per annum in 2018, Chairman of the Board of the National Bank of the Republic of Belarus (NBRB) Pavel Kallaur said on the sidelines of the KEF 2017 conference Foundations of the Future on November 2. The National Bank’s draft monetary management policy for…
DetailsThere 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…
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