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Belarus: BelAZ ships 14 heavy-duty trucks to Russian consumers

Belarus’ BelAZ heavy-duty truck manufacturer (Zhodino, Minsk region) shipped 14 BelAZ-7547 trucks for open-cast mining operations with a load capacity of 42-45 tons to customers in Russia’s Central and Ural districts, BelAZ said in a release. The shipments were facilitated by Russia’s National Non-metallic Company and BelTransLogistic Ltd. BelAZ made a three-year partnership deal with…

Belarus: economic efforts paying off

The economic efforts made by the Belarusian Government and the National Bank over the past two years have been effective, Belarus’ Deputy Economy Minister Dmitry Krutoy said when speaking at the 11th international conference on Eurasian economic integration in Moscow. “In recent years a consensus has been reached in Belarus on the main objective which…

Belarus earmarks $49.5 million to pay for green energy in 2016

Belarus’ energy concern Belenergo will spend $49.5 million in 2016 to purchase electric energy produced by power generating facilities, which use renewable energy sources, a Belenergo official reported. Belarus’ green power generating facilities will produce an estimated 281.8 million kWh of electric energy in 2016 Belenergo’s tariff on electricity produced by power generating facilities, which…

Azerbaijan to become the exporter of grain products

Development of the agricultural sector is the priority direction for Azerbaijan. In the nearest future, it is planned to completely provide the domestic needs in grains, and develop the export potential, the President of Azerbaijan Ilham Aliyev declared. According to him, the country does not have large-scale land areas. Therefore, Azerbaijan will rationally use every…

Kazakhstan: foreign investments up in H1 2016

Gross inflows of foreign direct investment grew in Kazakhstan in the first half of 2016, Kazakh Investment and Development Ministry reported. Direct investment hit $9.3 billion in this period, up by 25.8% YoY, Investment and Development Minister Zhenis Kasymbek said at the government meeting. According to the minister, as much as 60% of these investments…

Ukraine: seaports grain exports halved in the second week of November 2016

On November 7-13, Ukraine exported 463.3 thousand tons of grains from the seaports, against 835.9 thousand tons on the previous week.

In particular, wheat shipments reached 101.7 thousand tons, barley – 74.3 thousand tons, and corn – 287.3 thousand tons. (APK-Inform/Business World Magazine)

Belarus: winter crops face bad weather conditions

Due to predominantly below-normal temperatures, winter crops faced bad weather conditions for their growth and development in October. In most of the country, the accumulated sum of effective degree-days was lower than in October 2015 when winter crops were also exposed to warmth shortages. Winter crops stopped active growth one or two weeks ahead of…

Russia: ATB units not allowed to sail within water area of Big Port St. Petersburg

ATB units are not allowed to sail within water area of Big Port St. Petersburg from November 21 under the order of Port Harbour Master Aleksandr Volkov.

The decision was made amid deterioration of ice situation, subzero temperatures and ice forecasts for the water area of Big Port St. Petersburg. (Portnews/Business World Magazine)

Azerbaijan: WB ready to provide technical aid

The World Bank (WB) is ready to provide technical assistance to support the strengthening of macroeconomic stability in Azerbaijan, the WB leading expert Naoko Kojo said. Kojo made the remarks during his meeting with Rufat Aslanli, chairman of Board of Directors at Azerbaijan’s Financial Market Supervisory Authority. The sides discussed the current macroeconomic situation in…