Ukraine: Billa to close stores in regions

Germany’s REWE Group, developing the Billa supermarket chain in Central and Eastern Europe, does not plan to leave Ukraine. “Billa continues operating in Ukraine and would be successfully present on the Ukrainian market. We do not plan to leave Ukraine,” Rewe International AG, the subsidiary of the German concern, reported. The company confirmed that the…

Latvia: retail trade turnover up in May 2017

Compared to May 2016, total retail trade turnover rose by 3.8% in May 2017. Turnover of retail trade in food products increased by 2.4% and turnover of retail trade in non-food products grew by 4.8%. The most significant growth in turnover in the non-food product group was recorded in retail sale of information and communication…

Turkmenistan: Berdimuhamedov and Mirziyoyev satisfied with cooperation

Presidents of Uzbekistan and Turkmenistan, Shavkat Mirziyoyev and Gurbanguly Berdimuhamedov held a telephone conversation to review prospects to deepen the ties. Both sides noted with satisfaction the intensification of contacts at all levels, as well as actively implemented joint projects in trade and economic, transport-communication, energy, cultural and humanitarian and other spheres. A number of…

Belarus considering barter trade with Sudan and Egypt

Belarus, Sudan and Egypt are considering the possibility of using mechanisms of non-monetary discharge of foreign trade obligations in mutual trade, the State Property Committee reported. Representatives of the National Bank of Belarus, Belarusbank, and GO Belresursy held talks in Khartoum and Cairo. The parties agreed that non-monetary discharge of obligations in the export of…

Kyrgyzstan: trade with Bashkortostan to increase

The head of Bashkortostan Rustem Khamitov spoke in favor of an increase in trade with Kyrgyzstan. According to him, the Kyrgyz and Bashkir peoples are linked by common national roots, rich history of the Turkic world, a single spiritual culture. This gives the Bashkir-Kyrgyz relations a particularly friendly, allied character. “The development of relations with…