Iranian companies have invested $2.6 billion in Azerbaijan’s economy, Azerbaijan’s Deputy Economy Minister Sahil Babayev said. The deputy minister said that only $145 million of this amount was invested in the non-oil sector. Around 450 companies with Iranian share operate in Azerbaijan, Babayev added. “The relations between Azerbaijan and Iran have entered a new phase.…
French company Danone is considering the prospects of purchasing a third dairy plant in Belarus. Belarusian Prime-Minister Andrei Kobyakov made a statement to this effect at a meeting with French Ambassador in Minsk Dominique Gazuy upon completion of her diplomatic mission to Belarus. The premier said: “French companies have been paying attention to Belarus in…
Estonia’s capital Tallinn was named a Top-Rated Baltic & Scandinavia Cruise Destination in Cruise Critic’s first-ever Cruisers’ Choice Destination Awards. According to the Cruise Critic’s consumer feedback submitted on the Cruise Critic website over the past year the top 5 destinations of the Baltic Sea region are: 1. St. Petersburg; 2. Tallinn; 3. Stockholm; 4.…
OAO Belarusbank jointly with Russia’s Roseximbank will provide special-terms financing for supplies of high-tech products from Russia to Belarus, the Belarusian bank said in a press-release. Operating as part of Russian Export Centre Group, Roseximbank has been financing Russia’s high-tech products facilitation program since 2015. The banks will provide documentary credit financing in support of…
Belarus’ gross domestic product (GDP) reduced by 3% YoY in January-August to 60.8 billion Belarusian rubles ($31.1 billion at the central bank’s exchange rate), an official with Belarus’ National Statistics Committee reported. Industrial output in January-August fell by 1.8% YoY to Br51.5 billion ($26.3 billion). Farm output reduced by 2.2% to Br8.4 billion ($4.3 billion).…
Belarus’ industrial output decreased by 1.8% YoY in January-August to 51.528 billion Belarusian rubles (Br), or $26.325 billion at the official rate of the National Bank, the National Statistical Committee (Belstat) reported. Production of coke, oil products and nuclear materials reduced by 7.2% YoY in January-August to 7.58 billion rubles ($3.872 billion). The output of…
Opening Iran-Khodro’s new site in Azerbaijan will turn Azerbaijan into the company’s export hub in Central Asia and the Caucasus. Iran-Khodro plans to manufacture 10,000 cars per year in Azerbaijan, which will be exported. Car imports to Azerbaijan fell after introducing the Euro-4 ecological standard over a year ago. In the first half of 2015,…