Azerbaijan: Islamic microfinance fund to be created

The Islamic fund on microfinance might be created in Azerbaijan, a source on the country’s finance market reported. The source said that the issue was being discussed by Azerbaijan’s microfinance organizations. “The discussions are still at a very early stage, but if market participants agree and adopt a certain decision, then international financial organizations can…

Azerbaijan: Mahan Air to launch flights to Baku

Iranian Mahan Air airline will launch regular flights on Tehran-Baku-Tehran route from October 31, press service of Heydar Aliyev International Airport reported. Azerbaijan State Civil Aviation Administration issued the relevant permission after receiving a request from the airline to perform flights three times a week. Flights are scheduled three times a week on Tuesdays, Wednesdays…

Indonesia to buy Russian-made helicopters

Jakarta plans to purchase Russian-made helicopters in order to use them in the province of West Java in particular, Indonesia’s ambassador to Russia Wahid Supriyadi said. “We would like to purchase helicopters from Russia. There are many islands in West Java, so the helicopters are in great demand there”, the ambassador said at a meeting…

Azerbaijan: electricity output down in January-September 2016

Power plants of the Azerenergy JSC, Azerbaijan’s main electricity producer, generated 16.5 billion kilowatt hours of electricity in January-September as compared to 16.8 billion kilowatt hours generated in the same period of 2015. Azerenergy’s power plants produced about 1.7 billion kilowatt hours of electricity in September. In 2015, Azerenergy produced more than 22.5 billion kilowatt…

China: list of Russian grain exporters and storages approved

China has approved a list of Russian wheat, corn, rice, soy and rapeseed exporters and grain storage facilities, Russia’s Federal Service for Veterinary and Phytosanitary Oversight said in a statement. According to the document, China allowed imports from about 200 companies from the Omsk, Irkutsk, Novosibirsk, Amur, Sakhalin, Kemerovo, Zabaikalsky, Khabarovsk, Krasnoyarsk, and Primorsky regions…

Belarus: Belavia ends scheduled Tu-154M operations

Belavia has withdrawn its last two active Tu-154Ms from scheduled passenger service as of October 1. The type’s last regular flight was Minsk National-Gomel. The Belarus national carrier said the trijet would be used for charter flights ferrying workers to Belarus’s north. These services will continue until late December following which the aircraft will be…

Azerbaijan to discuss oil production freeze with OPEC

Azerbaijan’s Energy Minister Natig Aliyev will take part in an informal meeting of the OPEC member states and non-members of the organization within the framework of the 23rd World Energy Congress in Istanbul, Azerbaijan’s Energy Ministry reported. The OPEC Secretary General Mohammad Sanusi Barkindo sent the invitation to Azerbaijan’s energy minister to participate in the…

Azerbaijan: all North-South project members join cargo transportations

All countries involved in the North-South Transport Corridor project have connected to the cargo transportation process, reads the message of the ADY Express company, logistics operator of Azerbaijan Railways CJSC. The company implemented reception, handling and shipment of three out of five 40-foot universal containers loaded with electrical equipment and spare parts in Azerbaijan’s Astara…

Ukraine: 100 major grains growing agricultural companies in 2015

36,5 млрд. грн. чистой прибыли заработали в 2015 г. 100 самых прибыльных аграрных компаний, выращивающих зерновые культуры. В прошлом году в Украине собрали 59,96 млн. т зерновых и зернобобовых, что на 6,1% меньше, чем годом ранее (63,8 млн. т), из которых в хозяйствах населения было собрано 23% урожая зерна. На продовольственное зерно пришлось 45,5% валового…

Russia: Aeroexpress 6-month IFRS net profit up

IFRS net profit of LLC Aeroexpress for H1 2016 grew by 42.09% to 459.802 million rubles from 323.601 million rubles for the same period in 2015, the company reported. Revenue increased by 2.09% to 2.72 billion rubles from 2.664 billion rubles, operating profit – by 29.73% to 831.215 million rubles from 640.728 million rubles, pre-tax…

Russia: Uralkali Q3 2016 production results

Uralkali, one of the world’s largest potash producers, announces its production results for Q3 and the 9 months of 2016. Uralkali produced 2.8 million tons of potassium chloride (KCl) in the third quarter of 2016. The company produced 7.9 million tons of KCl in January-September 2016. Uralkali is one of the world’s largest potash producers…

Ukraine to become successful in 3-5 years

Prime Minister of Ukraine Volodymyr Groysman believes that the capabilities of Ukraine are potentially among the best in Europe and in three or five years it will become a successful country. “I am deeply convinced that our capabilities are now among the best in Europe and possibly in the world. I believe the capabilities we…

Ukraine: gas consumption down

Ukrainian President Petro Poroshenko said that the country’s gas consumption fell by 30%. “Now Ukraine is consuming 30% less gas thanks to the mechanisms implemented”, he told students of the Shevchenko National University. He said tariff increases in the country were linked to the fact that Ukraine had gotten rid of dependence on Russian gas.…