Latvia: construction output up in Q1 2017

Compared to the corresponding period of 2016, construction output in Latvia increased by 8.4% in Q1 2017. Construction production output at current prices amounted to 222 million euros. Construction output growth was recorded in all types of construction: 18.9% in construction of residential buildings, 7.2% in construction of non-residential buildings and 4.1% in construction of…

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Belarus: inflation at 0.7% in April 2017

In April the index of consumer prices for goods and services totaled 100.7% as against March and 102.4% as against December 2016, the National Statistics Committee of Belarus reported. In April the basic index of consumer prices that disregarded changes of prices for the commodities and services affected by administrative and seasonal factors reached 100.1%…

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Ukraine: Antonov to become JSC

The Cabinet of Ministers of Ukraine has decided to transform Antonov and Plant 410 CA state-owned enterprises, which are part of Ukroboronprom state-owned defense giant, into joint stock companies. The relevant resolution was adopted at a government meeting on May 11. “This will improve the corporate management of enterprises, as well as attract investors,” said…

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Tajikistan: parliament ratifies financial agreement for rehabilitation of Dushanbe-Qurghon Teppa highway

Deputies of Tajikistan’s lower house (Majlisi Namoyandagon) of parliament have unanimously voted for ratification of a financial agreement for rehabilitation of the Dushanbe-Qurghon Teppa highway that was signed between the government of Tajikistan and the Asian Development Bank (ADB) in November last year. A regular sitting of the Majlisi Namoyandagon, presided over by its head,…

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Ukraine: key risks of banks low operation efficiency of state-owned banks and low quality of assets

The key risks of the Ukrainian banking sector are low operation efficiency of state-owned banks and low quality of their assets, according to the banking sector review published by the National Bank of Ukraine (NBU) on its website. “Largest state-owned banks require the radical change of their business models and designing long-term development strategies. The…

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Ukraine: Ukroboronprom and MKEK to cooperate in creation of ammunition

The Ukroboronprom State Concern and Turkey’s MKEK (Makina ve Kimya Endustrisi Kurumu) operating in machine and chemical industry will establish cooperation under the ammunition development program, the press service of the concern reported on May 10. According to the report, the cooperation agreement between MKEK and Ukroboronprom’s Artem state-owned joint-stock company and state-run foreign trade…

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Ukraine: new airline to be set up

A new airline will be set up soon in Ukraine, which is expected to compete with the Ukraine International Airlines (UIA), Ukrainian Infrastructure Minister Volodymyr Omelian said. “I hope that another airline will be set up in Ukraine this year, which will become a worthy competitor to the UIA. In this case, we will regain…

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Belarus: road construction companies invited to build motorway in Turkmenistan

Belarusian road construction companies have been invited to participate in building a motorway in Turkmenistan. Deputy Prime Minister of Belarus Anatoly Kalinin made the statement after the session of the Belarusian-Turkmen intergovernmental commission on economic cooperation in Minsk on May 10. Anatoly Kalinin said: “We have agreed to advance our cooperation in transportation by rail…

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