Latvia: GDP up in Q2 2017

Compared to Q1 Latvia’s gross domestic product at constant prices increased by 1.2% in Q2. Compared to the corresponding period of 2016, in Q2 the GDP grew by 4% according to seasonally and calendar non-adjusted data and by 4.8% according to adjusted data. In Q2, the GDP amounted to 6.8 billion euros at current prices…


Kyrgyzstan: 1.2 billion kilowatt-hours of electricity exported to Uzbekistan

Kyrgyzstan exported to Uzbekistan 1.2 billion kilowatt-hours of electricity. This was said at the meeting of the republican headquarters for the preparation for the autumn-winter period-2017/2018 by the chairman of the National Energy Holding Company Aibek Kaliev. According to him, exports to a neighboring country began on June 16, and as of today amounted to…


Ukraine: NBU allows providing hryvnia loans against collateral of foreign currency on customers’ accounts

The National Bank of Ukraine (NBU) has allowed banks to provide loans in domestic currency against the collateral of foreign currency on customers’ accounts. This has been reported by the press service of the central bank. “As part of further relaxations of anti-recessionary foreign exchange restrictions, the National Bank of Ukraine has allowed banks to…


Latvia: requirement for purchase of land not discriminating towards EU citizens

The law that provides stricter language requirements for procurement of agriculture land is not discriminatory towards citizens of other European Union member states, says Latvian Agriculture Ministry, commenting on complaints submitted to EC center for setting conflicts Solvit by foreign businessmen in relation to the requirements imposed by Latvia on privatization of land. “According to…


Belarus: Belkommunmash to sell electric buses to Russia

The mechanical engineering company Belkommunmash is exploring the possibilities of supplying electric buses to Moscow, St Petersburg, and Yekaterinburg, Vitaly Shkuratov, head for marketing and sales in Belarus and Russia at the Management Company of the Belkommunmash Holding Company, reported. “We are considering exporting electric buses to Moscow, St Petersburg, and Yekaterinburg. The trial operation…


Tajikistan to develop cooperation with Azerbaijan

Tajikistan is keen to develop cooperation with Azerbaijan in all fields, said Tajik Ambassador Soli Rustam as he presented a copy of his credentials to Foreign Minister Elmar Mammadyarov.

He noted that he would spare no efforts to contribute to developing the bilateral ties during his tenure. (AzerNews/Business World Magazine)