Turkmenistan: Berdimuhamedov not satisfied with low rate of maritime transport

Turkmenistan’s President Gurbanguly Berdimuhamedov expressed dissatisfaction at a meeting of the government, pointing to low rates of cargo transportation by the State Service of Maritime and River Transportation. Berdimuhamedov noted that Turkmenistan’s transport system had considerable reserves of production capacity, allowing it to ensure increasing volumes of transportation of goods and passengers, including those traveling…

Estonia: September 2017 consumer price index up

According to the information released by Statistics Estonia, the consumer price index in September decreased by 0.1% compared to the previous month and increased by 3.7% YoY. Compared to September 2016, goods were 3.7% and services 3.5% more expensive. Regulated prices of goods and services have risen by 7.4% and non-regulated prices by 2.7% compared…

Azerbaijan: banks to continue consolidating

Azerbaijan’s banks will get bigger in 2018, through the ongoing consolidation as well, Anar Hasanov, first deputy chairman of Azerbaijani AccessBank’s Management Board, said. “I believe that new bank merger cases will occur on the market in 2018,” he declared. “The banking sector is moving in this direction and local banks will be enlarged. It…

Estonia: completion of eastern border delayed

While Estonia’s modern eastern border with Russia was initially planned to be completed by 2018 or 2019 at the latest, currently even test sections of the border have not yet been finished. Last November, then-Minister of the Interior Hanno Pevkur (Reform) said that the Estonian government had set the ambitious goal of building the new…

Ukraine: wheat flour exports up

According to preliminary statistics figures, during the first 3 months of 2017-2018 MY (July-September) Ukraine exported 117.5 thousand tons of wheat flour, up by 24% YoY.

In particular, in September the exports totaled 44.9 thousand tons, which broke a monthly record for the product shipments from the country in 10 recent years. (APK-Inform/Business World Magazine)

Tajikistan urges to launch CASA-1000 project

Tajikistan called upon the participants of CASA-1000 to speed up the project’s practical implementation. The United Arab Emirates hosted a meeting of the Intergovernmental Council of the CASA-1000 project with the participation of the energy ministers of Afghanistan, Kyrgyzstan, Pakistan and Tajikistan. The representatives of the World Bank, the European Bank for Development and Reconstruction,…

Azerbaijan: banking sector stabilized

Azerbaijani banking sector stabilized after creditors restructured $3.3 billion in foreign obligations of the state-owned International Bank of Azerbaijan (IBA) in return for government bonds, said Nariman Mannapbekov, head of ADB Azerbaijan office. “Some capitalized banks are making initial efforts to gradually build-up their loan portfolios,” Mannapbekov said. On July 15, 2015, President of Azerbaijan…

Turkmenistan expanding trade with Georgia

The opening ceremony of the Tbilisi Sea Plaza shopping mall was held in Tbilisi, Georgia, the Turkmen Foreign Ministry said in a message. According to the message, “Turkmenistan” store with a wide range of textile products, carpets and rugs, souvenirs, was opened in the shopping mall. Georgian Prime Minister Giorgi Kvirikashvili attended the opening ceremony.…

Kazakhstan: Turkey ready to import meat products

Turkey is willing to import Kazakhstani meat products, the press service of the Foreign Affairs Ministry of Kazakhstan reported. “Turkey values quality of Kazakhstani meat products and knows how they taste. I am confident that the meat products imported from Kazakhstan will be very popular with our people,” Nihat Zeybekci, Turkish Minister of Economy, said…

Azerbaijan: railways to buy 900 new cars

Azerbaijan Railways CJSC will buy 900 new freight cars in the near future, says a report on implementation of measures reflected in the Strategic Roadmap for the Development of Logistics and Trade in Azerbaijan. According to the report, the purchase of additional cars is related to an increase in freight traffic volume. Azerbaijan Railways will…

Turkmenistan and Russia outline plan of action to develop economic partnership

The trade and economic partnership was the central theme of the Turkmen-Russian summit talks in Ashgabat. “The parties noted its progressive and stable nature. Despite the objective difficulties associated with the situation in the global economy, Russia continues to be one of Turkmenistan’s largest trading partners,” says the report. Visits of the Turkmen delegations of…