Belarus plans to export agricultural products worth $100 million to China in 2018, Belarus’ Deputy Prime Minister Mikhail Rusy declared. “Last year we exported $17 million worth of agricultural products to China. We believe that this is not enough as the market is very big. We aim for $100 million in agricultural exports to the…
The economic growth of Tajikistan in January-June accelerated to 7.2% compared to 6% in the same period of 2017, chairman of the Tajik National Bank Jamshed Nurmahmadzoda said. In nominal terms Tajikistan’s GDP in January-June amounted to 27.7 billion somoni (over $3.02 billion), according to Reuters. Inflation in the consumer sector slowed to 0.9% in…
Azerbaijan may increase wine exports 2-fold by the end of 2018, Chairman of the Azerbaijan Wine Producers and Exporters Association Elchin Madatov declared. “The export of Azerbaijani wine products exceeded $4 million in the first half of 2018, up by 80% YoY,” Madatov said. “By the end of 2018 we expect a 100% increase in…
Gnidava Sugar Refinery continues to modernize production. The installation of “Babbini” beet pulp presses is in the final stage. The equipment is intended for pulp spinning after diffusion, the deputy chairman of the investment board Glib Galkevych reported. “Two thirds of equipment have already been installed, we begin to bring it all in operation. We…
The Cabinet of Ministers has left unchanged the price of gas for the population until September 1. The decision was made at a government meeting on July 26, according to the government portal. “The government has extended until September 1 the effect of resolution No. 187 on the approval of the clause on the imposition…
Compared to May the level of construction costs in Latvia grew by 0.4% in June. Labor remuneration of workers grew by 0.6%, prices of building materials – by 0.5%, but maintenance and operational costs of machinery and equipment – by 0.1%. In June the average level of construction costs was mostly affected by an increase…
Azerbaijan’s NIKOIL Bank and non-bank credit organization TBC Kredit (subsidiary of Georgian TBC Bank) are holding negotiations on the merger. To this end, both parties have signed an agreement on strategic partnership. A source close to the negotiations said that it was too early to talk about the actual merger, because there were still a…