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Ukraine: trade with Lithuania up in January-September 2018

The trade turnover between Ukraine and Lithuania in 2017 increased by more than 40% YoY and in January-September 2018 - by more than 17%, Ukraine's First Vice Prime Minister - Minister of Economic Development and Trade Stepan Kubiv wrote on his Facebook page. "I'm participating in the 4th Ukrainian-Lithuanian Economic Forum, which gathered over 400 companies and industry associations, including...

Ukraine: Deposit Guarantee Fund extends liquidation of two banks

The Deposit Guarantee Fund of Ukraine has extended the terms of liquidation of two banks - PJSC Bank Kontrakt and PJSC CB Active-Bank, the Fund's press service reports. "The Executive Directorate of the Deposit Guarantee Fund approved a decision dated December 3, No. 3235, to extend the term of liquidation of PJSC Bank Kontrakt for one year, from December 11,...

Georgia: Defense Minister to sign new deal on purchase of air-defense systems from France

Georgian Defense Minister Levan Izoria has left for France to sign a new deal with the country for the purchase of air-defense systems. Izoria stated that the Defense Ministry budget was increased by 20% this year, which provided the opportunities to sign one more deal with France regarding the systems, which would boost Georgia's self-defense capabilities. “At the beginning of the...

Latvia: BATL expecting drop in turnover for ports and railway cargo freight

In January-October the total cargo turnover decline reached 2.1% at Ventspils port in comparison to the same period a year ago. This is the second lowest decline after the anti-record of 2016. In total, nearly 17 million tons of cargoes went through Ventspils port in this period of time, or 31% of the total volume of cargoes, making this...

Kyrgyzstan: electricity consumption up in November 2018

Electricity consumption is increasing in Kyrgyzstan, National Electric Network of Kyrgyzstan reported. In November this figure reached 1,673 billion kilowatt-hours. According to the central dispatching department of NENK, in November 2017 electricity consumption was 1,356 billion kilowatt-hours. (24.kg/Business World Magazine)

Ukraine: two seaports cutting working hours amid Russia’s blocking of Kerch Strait

Ukraine's Infrastructure Minister Volodymyr Omelyan says two seaports in the Ukrainian cities of Mariupol and Berdyansk (the Sea of Azov) are forced to cut their working hours after Russia blocked the passage of vessels through the Kerch Strait connecting the Black and Azov seas. "As we expected, Moscow is now manually handling the access of merchant ships to the Ukrainian...

Ukraine: ramps for people with disabilities to be a must in new apartment blocks

The Verkhovna Rada has passed in the first reading a bill that provides for a ban on the commissioning of new houses and public facilities without arranging a barrier-free space. The relevant draft law aims to enhance protection of persons with disabilities and other people with limited mobility in urban planning. Deputy head of the Ministry of Regional Development, Lev...

Estonia: Luminor closing down e-residents’ bank accounts

Luminor notified its clients that as of January 1, 2019 the bank would be closing the accounts of Estonian e-residents. Hannes Oja, head of Anti-Money Laundering at Luminor Estonia, said that based on the Money Laundering and Terrorist Financing Prevention Act, banks were required to update the data of all of their customers. As a result, all existing clients have to...

Kyrgyzstan: Ministry of Transport decides on toll roads fee

The Ministry of Transport of Kyrgyzstan has determined toll roads fee. Calculations were announced at a round table discussion. Toll for a passenger car, having no more than 8 seats, will be 0.57 soms per kilometer on a paid section. Buses and minibuses with a mass of not more than 5 tons will pay 1.14 soms per kilometer, and more...

Azerbaijan: green energy to get new push with WB’s help

The World Bank (WB) is working with Azerbaijan's Ministry of Ecology and Natural Resources to examine different options of the "green economy" development, Head of the WB Baku Office Naveed Naqvi reported. The bank has also been able to mobilize funds from the Korean Green Growth Trust Fund, to support green economy in Azerbaijan. Naqvi further said that apart from having...