Malaysia to study participation in TAPI construction

The Malaysian government will study the possibility of its companies’ participation in the construction of the Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline, Prime Minister of Malaysia Najib Razak said. Razak made the remarks following the negotiations with the President of Turkmenistan Gurbanguly Berdimuhamedov, who recently went to Kuala Lumpur on an official visit, according to the message.…

Azerbaijan: British Airways closes office

The UK’s air carrier British Airways has closed down its representative office in Azerbaijan. Creditors may submit their claims within two months to: Hyatt Tower-2, 8, Izmir Street, Yasamal district, Baku, Azerbaijan. British Airways suspended flights on the London-Baku route and vice versa from May 1. The last flight on the London-Baku-London route was implemented…

Kazakhstan: flour exports up in 2015-2016

In 2015/2016 Kazakhstan exported 2157 KMT of flour, up by 27% YoY. The key importer of the last season was Afghanistan, doubling purchases to 1174 KMT flour against 660 KMT in 2014/2015 and accounting for 54% in the total flour export structure against 39% in 2014/2015. Uzbekistan also increased purchases but not essentially (+4%). Exports…

Ukraine: minimum alcohol prices up

Ukraine’s Cabinet of Ministers has approved of new increased minimum alcohol prices, in particular, the floor price of a half-liter bottle of vodka was increased from 54.90 to 69.78 UAH. “The revision was required as prices set since September 2015 have not met real expenses of producers”, Deputy Prime Minister and Economic Development and Trade…

Ukraine: electricity exports in January-October 2016

Ukraine in January-October exported electricity valued at $123.288 million, in particular $9.003 million in October. According to the State Fiscal Service, electricity delivered to Hungary amounted to $93.734 million, to Poland to $29.199 million, Moldova to $347,000, other countries to $7,000. In addition, in January-October Ukraine imported $3.006 million worth of power from Russia, and…

Turkmenistan to draw foreign capital

Turkmenistan’s investment policy is aimed at drawing foreign capital, Turkmen President Gurbanguly Berdimuhamedov said in a message addressed to the participants of the eighth International Investment Forum. According to the message, the main task of the investment forum is to diversify and increase the competitiveness of local economy and introduce innovative technologies in the industry.…

Moldova: trade with Romania

The volume of trade turnover between Moldova and Romania over 8 months of 2016 amounted to $873.06 million of which the Moldovan export equaled $344.92 million, and the Romanian import – to $528.14 million. In Romania’s trade with the countries outside the European Union, Moldova ranks the 4th place in export terms (purchase of Romanian…

Bulgaria: bullish trends on grain market continue

Last week Bulgaria’s domestic market of cereal crops saw a rise in purchase prices. The bullish factors for them included strong grain demand, both from traders and processing companies, along with appreciation of the Bulgarian currency against the US dollar. Prices for Bulgarian milling wheat also continued growing on the export market. Over the week,…