TIU Canada is launching the construction of a 10 MW solar power plant in the territory of Nikopol Ferroalloy Plant, the company’s press service has reported. TIU is owned by the Canadian investment company Refraction Asset Management. Nikopol Ferroalloy Plant is the largest Ukrainian enterprise for production of silicomanganese and ferromanganese. The plant is controlled…
DetailsIn April Latvian foreign trade turnover amounted to EUR 1.88 billion, up by 0.5% YoY, and the exports and imports values of goods were 1% and 0.2% higher, respectively. In April Latvia exported goods in the amount of EUR 859.6 million, and imported goods in the amount of EUR 1.02 billion. The foreign trade balance…
DetailsIn January-May the Freeport of Riga handled 14,879,700 tons of cargo, down by -4% YoY. Coal transshipment climbed by 10.4%, to 5,531,700 tons, oil products dropped by 30.8%, to 2,845,500 tons, wood pellets increased by 14.5%, to 323,600 tons, ore – by 0.2%, to 164,900 tons. The port’s container throughput grew by 12.9%, to 174,585…
DetailsMogilev region and France are expected to make a focus on the development of economic and interregional cooperation. The intention was voiced at the meeting between France’s Ambassador to Belarus Didier Canesse and Mogilev region governor Vladimir Domanevsky. According to the diplomat, it is his first visit to Mogilev region to get familiar with the…
DetailsThe National Bank of Ukraine has allowed businesses to invest abroad up to $2 million in equivalent on the basis of one currency license for one calendar year, whereas up to now the total amount of such transactions was $50,000 for one calendar month. According to the regulator, relevant resolution No. 51 dated June 8…
DetailsCore inflation in Ukraine in May accelerated to 6.5% in annual terms – compared to May 2016 – against 6.3% in April from April 2016, according to Ukrainian State Statistics Service’s website. In May core inflation slowed to 0.3% compared to April against 0.6% in April from March, the State Statistics Service said. At the…
DetailsThe first direct flight of Hungarian low-cost airline Wizz Air from Budapest to Astana took off on June 8. The new service will operate twice a week on Thursdays and Sundays on Airbus A320. The launch of the new service is a landmark event, in particular, on the eve of the international specialized exhibition EXPO-2017,…
DetailsUkraine since the beginning of the 2016-2017 marketing year (MY, July-June) and as of June 8 has exported 41.667 million tons of grain. According to the Ministry of Agrarian Policy and Food, the country exported about 16.98 million tons of wheat, 5.26 million tons of barley, and 19.17 million tons of corn. In addition, 365,500…
DetailsCompared to May 2016, the average level of consumer prices increased by 2.8% in May 2017. Prices of goods grew by 2.6% and prices of services by 3.6%. Compared to May 2016, the greatest pressure on the price changes was put by the rise in prices of food and non-alcoholic beverages, goods and services related…
DetailsIn January-May the port of Ventspils handled 10.8 million tons of cargo, up by 20% YoY. According to the port authority, transshipment of Ro-Ro cargo grew by 24%, to 166,000 tons Ventspils Nafta handled 3.8 million tons (-5%), Kalija parks – 175,000 tons. The number of passenger carried by Ventspils-Nynashamn line grew by 33%, to…
DetailsUkraine boosted electricity exports by 46.3% YoY in January-May, to $109.75 million, according to the State Fiscal Service of Ukraine. Electricity sales to Hungary accounted for 67.4% of total revenue from exports, while the share of Poland was 17.5% and that of Moldova 12.7%. In May alone, Ukraine exported electricity to Hungary to the tune…
DetailsDushanbe bus terminal, Asian Express Terminal, is waiting for answer to its proposal to re-launch bus routes between Tajikistan and Uzbekistan. Deputy Director General of the Closed Joint Stock Company (CJSC) Holding Asia Group Tajikistan Sulton Kamolov says they have already discussed this issue with representatives of the Uzbek Embassy in Dushanbe. “They have expressed…
DetailsStandard & Poor’s (S&P) Global Ratings expects that Azerbaijan’s Kapital Bank OJSC will likely increase its already material market share, while its operating revenues continue increasing progressively and its profitability remains high, according to an S&P report. S&P confirmed the credit rating of the Azerbaijani bank at BB-/B level with a negative outlook. Meanwhile, the…
DetailsUkraine should reduce the share of nuclear fuel purchases from Russia to 45% in 2017, Ukrainian President Petro Poroshenko has said. “How much have we received (nuclear fuel from Russia) in 2016 – 55% already. How much did I set the task for minister Nasalyk in 2017. It’s 45% already,” he said during his visit…
DetailsUkraine shipped 3,271 tons of cheese to foreign markets in January-May, up by 22.7% YoY. The shipments increased by 48.5% in monetary terms, to $11.35 million, Ukraine’s State Fiscal Service said in its customs statistics reports. Cheese imports in the period under review totaled 3,563 tons, up by 35.8% YoY. The country imported products worth…
DetailsPresident of Turkmenistan Gurbanguly Berdymukhamedov, noting that the system of benefits in the country has become completely ineffective, instructed to prepare proposals for cancellation of all benefits. Berdymukhamedov was addressing a meeting with the leadership of the Turkmen banking and financial sectors. “Benefits should be provided not to anybody, but only to those who really…
DetailsIn the current year Ukrainian fat-and-oil producers managed to reverse the downward trend in the margarine market’s capacity. This product’s output shrank by 41% to the smallest level since 2003. The main reason for that substantial decline in Ukrainian margarine production is declining demand for this commodity, both from the domestic market and foreign consumers.…
DetailsNone of the coalition partners has any desire to overthrow the government. A solution to the tax reform and healthcare funding problem will be found, said Prime Minister Maris Kucinskis. “I gathered all coalition representatives. The good news is that none has any plans to topple the government and somehow stop the tax reform,” Kucinskis…
DetailsFreight volume handled in the Port of Liepaja in January-May climbed by 24.7% YoY, to 2,890,500 million tons, the Port Authority says. In the reporting period, transshipment of coal surged 6-fold, to 723,400 tons, wood pellets – 2.2-fold, to 150,700 tons, construction materials – by 7.8%, to 222,600 tons, oil products – by 65.6%, to…
DetailsThe Majlisi Namoyandagon (Tajikistan’s lower chamber of parliament) ratified a grant agreement for $280,000 signed between the government of Tajikistan and the Islamic Development Bank (IsDB) in January. Tajik Minister of Energy and Water Resources Usmonali Usmonzoda says the amount of this grant is allocated for improvement of work conditions for the ministry’s employees, elaboration…
DetailsThe budget expenditures of Kyrgyzstan in May amounted to 10,97.5 billion soms. Such data was presented by the Ministry of Finance. 2,409 billion soms were allocated for state employees, for the payment of social security benefits – 1,452, 522.5 billion. Social assistance to the population was provided at 632,515.3 million soms. Expenditures under the item…
DetailsOutput of passenger cars in May grew by 40% YoY, to 661 vehicles, according to the Ukrautoprom Association’s preliminary data. For the first time since the beginning of the year, cars were produced not only by CrJSC Eurocar, but also by Zaporizhia-based ZAZ plant. In particular, ZAZ produced 94 passenger cars (in May last year…
DetailsDirect railway passenger traffic between Ukraine and the European Union will be expanded, Ukrainian Infrastructure Minister Volodymyr Omelyan has said. “On December 23, 2016 the Intercity+ Kyiv-Lviv-Przemysl train was launched. This route has become very popular among Ukrainian passengers. Ukrzaliznytsia is looking into the possibility of launching the second pair of Kyiv-Lviv-Przemysl trains by another…
DetailsAstana-New Delhi direct flight is expected be launched in early July. Air Astana company will operate the Astana-New Delhi-Astana flight three times a week starting from July 2. Over the past two years passenger flow from India to Kazakhstan has doubled from 5,000 to 11,000 passengers. The number of Kazakhstanis traveling to India increased threefold…
DetailsThe Turkmen Economy and Development Ministry will hold an auction for the sale of state facilities on June 27. Industrial complex, shopping centers, carpet shop, textile factories, dairy farming enterprises, livestock farms are among the facilities to be put up for auction. The citizens of Turkmenistan and foreign countries, as well as private legal entities…
DetailsConcerns of Latvian residents about a possible economic crisis and political instability in the country are gradually growing, according to results of ERGO Security Index study. Data shows the index has worsened a lot over the past three years: from -39 in 2014 to -48 in 2017. “Concerns voiced by Latvians about the risks around…
DetailsIn January-May seaports of Ukraine handled 55.609 million tons of cargo, up by 4.5% YoY, says press center of Ukrainian Sea Ports Authority. Transshipment of export cargo totaled 42.971 million tons (+4.7%), imports – 7.880 million tons (+14%), transit – 4.309 million tons (-1.9%), inland traffic – 448,000 tons (- 49.9%). The highest results were…
DetailsBelarusian broiler farms have plans to obtain certificates to sell to the Chinese market, Belarus Agriculture and Food Minister Leonid Zayats said on the sidelines of the international agricultural expo Belagro 2017 on June 6. “We have boosted our supplies to the Chinese market. On June 16, we will welcome specialists from the General Administration…
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