Ukraine: Chinese corporation takes interest in developing Chornomorsk port infrastructure

UkraineBy admin 2016-12-01 Leave a comment

The seaport of Chornomorsk (former Illichivsk) was visited by representatives of the China National Complete Engineering Corporation (CCEC) and the State Food Grain Corporation of Ukraine. The Chinese are investigating possibilities for implementing joint investment projects to develop the No. 2 terminal’s infrastructure. The port’s management presented development projects designed for the period until 2018.…

Azerbaijan: reasons of deficit in payment balance

AzerbaijanBy admin 2016-12-01 Leave a comment

The deficit in Azerbaijan’s payment balance will amount to $5 billion in 2016, Elman Rustamov, chairman of the country’s Central Bank (CBA), said. Rustamov said the biggest part of deficit of Azerbaijan’s balance of payments, that is 88% to 90%, was associated with problems in the capital flow balance. “It cannot be said that the…

Turkey: BTK railway to connect Azerbaijan to Europe

TurkeyBy admin 2016-12-01 Leave a comment

Turkey expects the first branch of the Baku-Tbilisi-Kars (BTK) railway to be commissioned in early 2017, Minister of Transport, Maritime Affairs and Communications of Turkey Ahmet Arslan said. He said that the second branch of the BTK railway would be commissioned during 2017. “The BTK project is on the last stage of its implementation”, the…

Bulgaria: corn harvesting in November 2016

BulgariaBy admin 2016-12-01 Leave a comment

According to the Ministry of Agriculture, as of November 17, 416.7 thousand ha of corn were threshed, which was 98.6% of the plan (423 thousand ha). 2201 KMT were harvested with the average yield of 5.28 MT/ha. Pace of harvesting is 2.5% higher than in 2015. On the reporting date, average corn yield is 3.7%…

Ukraine: vegoil refining plant to be built in Vinnytsya

UkraineBy admin 2016-12-01 Leave a comment

It is projected to build a plant for refining and deodorization of vegetable oils. The project will be implemented by Oil Partner on the premises of a complex of nonresidential buildings. The municipal authorities of Vinnytsya have already issued relevant permit to design the reconstruction. Design documentation will shortly be worked out and approved in…

Belarus: GDP to drop in 2016 amid oil dispute with Russia

BelarusBy admin 2016-12-01 Leave a comment

Belarus’ GDP may drop by 2.5-2.6% in 2016 due to the ongoing oil dispute with Russia, Belarus’ Economy Minister Vladimir Zinovsky said. Belarus’ government had planned to achieve a slight YoY GDP growth in 2016 (official forecast – 0.3%). Belarus’ President Alexander Lukashenko said in November that the country’ GDP would reduce by at least…

Belarus and Azerbaijan analyzing joint production of carpets and cotton fabrics

Azerbaijan, BelarusBy admin 2016-12-01 Leave a comment

Belarus and Azerbaijan are analyzing the prospects of joint production of carpets and cotton fabrics, the Belarusian President’s press-service said in a statement following President Alexander Lukashenko’s talks with Azerbaijani President Ilham Aliyev. “In my opinion, Azerbaijan did the right thing when it decided to develop its cotton growing industry. Output figures will rise so…