Turkmenistan: Ashgabat and Bishkek mull prospects of trade, economic cooperation

Presidents of Turkmenistan and Kyrgyzstan, Gurbanguly Berdimuhamedov and Almazbek Atambayev, during a phone conversation confirmed the existence of great potential for enhancing relations on a wide range of areas. In this regard, the sides noted the expediency of joint work on the issues of expanding the range of mutually supplied goods and services, creating conditions…

Georgia ready to expand partnership with Turkmenistan

President of Georgia Giorgi Margvelashvili sent a letter to his Turkmen counterpart Gurbanguly Berdimuhamedov on the occasion of the 25th anniversary of establishing diplomatic relations between the two countries, the Turkmen government said in a message. In his letter, Margvelashvili expressed readiness to deepen and expand mutually beneficial partnership with Turkmenistan. The Georgian president pointed…

Ukraine to intensify free trade with Georgia

Ukrainian president Petro Poroshenko has announced he has agreed with his Georgian counterpart Giorgi Margvelashvili to facilitate economic partnership and deepen the free trade area. “We’ve agreed to intensify economic partnership, remove all barriers, coordinate tariffs, including for rail and ferry services, and deepen the free trade area,” he said at a joint press conference…

Belarus to intensify WTO accession process

Belarus needs to intensify its accession to the World Trade Organization (WTO), Belarus’ Minister of Foreign Affairs Vladimir Makei said. “We need to remove as many barriers as we can in advancing our products to all the markets. We need to intensify (and we have been working hard) on our country’s accession to the World…

Azerbaijan: Saudi Arabia keen to establish broad trade and economic cooperation

A large delegation from Saudi Arabia, which will include representatives of both, state structures and the private sector, plans to visit Azerbaijan in October. Azerbaijan and Saudi Arabia enjoy successful cooperation in a number of areas and have fruitful bilateral cooperation within international organizations. During the upcoming meeting of the intergovernmental commission on trade and…

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…

Ukraine: Auchan acquires Caravan supermarket chain

Auchan Retail Ukraine, which operates a chain of 11 hypermarkets in Kyiv, Lviv, Odessa, Zaporizhia, and Kryvy Rih, signed an agreement with the Ukrainian distributor Caravan on the acquisition of its assets, namely nine Ukrainian-based hypermarkets, which employ 3,300 people. “Auchan Retail Ukraine will strengthen its presence in Kyiv, and will also be present in…

Ukraine: trade turnover with Hungary up

Last year, the trade turnover between Ukraine and Hungary grew after the fall in 2015 and amounted to $3 billion, Hungarian Extraordinary and Plenipotentiary Ambassador to Ukraine Erno Keskeny said during a roundtable in Kyiv on the topic “The Hungarian factor in domestic policy of Ukraine”. “We have a high trade turnover. Of course, it…