Moldova interested in cooperation with Azerbaijan

Moldova is interested in participation of Azerbaijani companies in development of hydrocarbon resources, Ambassador of the Republic of Moldova to Azerbaijan Gheorghe Leuca said. Leuca has met with the Caspian Energy’s delegation headed by the President and Editor-in-Chief of Caspian Energy International Media Group Natalya Aliyeva. Speaking about the energy sector of Moldova, the ambassador…

Ukraine: buckwheat groats output down in 2015

According to the State Statistics Service, in 2015 Ukraine produced slightly more than 347 thousand tons of groats, down by 1% YoY (350 thousand tons). At the same time, some segments demonstrated significant decline of production volumes. In 2015 the production volumes of buckwheat groats decreased by 25%, to 68.3 thousand tons, against 90.9 thousand…

Ukraine: GDP growth forecast for 2017 improved

Ukraine’s GDP growth in 2017 is expected to be 2.9% with inflation of 9% (December on December), according to a consensus forecast published by the Ukrainian Economic Development and Trade Ministry. Experts anticipate that this year the country’s GDP will grow by 1% with 13.1% inflation. The ministry said four months ago the economy restoration…

Ukraine: Energoatom seeking to finance construction of spent nuclear fuel facility via issue of bonds in U.S.

National Nuclear Generating Company Energoatom seeks to finance building of the centralized spent nuclear fuel storage facility via the issue of securities on the U.S. stock market with the help of Bank of America Merrill Lynch. Energoatom announced the start of negotiations with Bank of America Merrill Lynch regarding coordination of due diligence, drafting preliminary…

Belarus: Izobud advances to European market of energy efficient sandwich panels

Izobud, Belarus’ leading manufacturer of cutting-edge energy efficient sandwich panels, has branched out into the European market. The enterprise has signed contracts and delivered construction products to the Baltic countries and Sweden. The Belarusian manufacturer obtained a European certificate of conformity to the European EN14509:2014 standard. The quality of Izobud sandwich panels was praised by…

Belarus: producer prices up in July 2016

Belarusian producer prices in July increased by 0.5% MoM (up by 7.3% compared to the level of December 2015), the National Statistical Committee (Belstat) reported. Construction prices grew by 1.7% MoM in July (up by 1.2% compared to the level of December 2015). Freight tariffs (all means of transportation) decreased by 0.2% MoM in July…

Belarus: potash exports to Brazil up in H1 2016

Belarusian Potash Company (BPC) shipped 729,454 tons of potash fertilizers to Brazil in January-June, up by 32% YoY. Potash export proceeds from Brazil-bound shipments dropped by 15% YoY to $268.8 million. Founded in September 2013, Belarus Potash Company has regional dealerships in Delhi, Beijing, Singapore and Sao Paulo. BPC facilitates potash exports to Europe, India,…

Belarus to work with Egypt on joint production of medicines

Ambassador Extraordinary and Plenipotentiary of Belarus to Egypt Sergei Rachkov met with Egypt’s Minister of Health and Population Ahmed Rady, the press service of the Belarusian Ministry of Foreign Affairs reported. “The parties discussed promising areas of Belarusian-Egyptian cooperation in the field of healthcare, including the possibility of joint production of medicines, especially against Hepatitis…

Azerbaijan mulling cargo tariffs reduction with Kazakhstan and Georgia

Heads of railway administrations of Kazakhstan, Azerbaijan and Georgia have discussed mutually beneficial cooperation and creation of favorable conditions for cargo transportation with cargo shippers, major operators and freight companies of Kazakhstan in Astana, the press service of Kazakhstan Railways JSC reported. In particular, the sides talked about the reduction of tariffs for transportation of…

Azerbaijan: ADB approves of multi-million loan

The Asian Development Bank (ADB) has approved of the fourth tranche worth $75 million as part of the ‘Azerbaijan: Water Supply and Sanitation Investment Program’, said a message posted on the bank’s website. According to the message, the first three tranches of the multi-tranche financing facility (MFF) financed construction of water networks in Goychay, Agdash…