The Asian Development Bank (ADB) is ready to support small and medium-sized enterprises (SMEs) in Azerbaijan, a source in the country’s government reported. ADB offers to support business by opening credit lines for local banks. “Thus, the ADB wants to provide support to banks in Azerbaijan and contribute to the development of SMEs”, said the…
The government of Ukraine plans to conclude a revised Agreement on Mutual Promotion and Protection of Investments with the government of Turkey, the Economic Development and Trade Ministry of Ukraine reports. “We’ve agreed with the Turkish side on the main provisions of the draft agreement, which foresees the most-favored procedure for investors of both countries…
In an auction held on December 6, by Azerbaijan’s State Committee on Property Issues, 12 state properties were sold as part of a new privatization program. The privatized properties are located in Baku, Shirvan, Sabirabad and Saatli. There are 5 vehicles among the privatized properties. The next auction, to be held on December 13, will…
Kazakhstan plans to found the agribusiness export center, which will realize the promotion of domestic agricultural products on foreign markets, the press-service of the Ministry of Agriculture declared. The center will be formed on the basis of JSC National Company Food Contract Corporation within frames of the State program for development of the agro-industrial complex…
Kazakhstan’s total crop of grain after conditioning reached 21.5 MMT, agriculture vice-minister Gulmira Isayeva said. In addition, she said, the nation was going to export 9 MMT of grain. With regard to the outlet markets, according to her, they are the traditional ones: Uzbekistan, Tajikistan, Russia, Iran and China. “Together with the Kazakh Railways we…
It is an open secret that India is the key destination market for Ukrainian sunseed oil. 1.4 MMT of this commodity was shipped to the country from Ukraine in 2015/2016. That volume represented 31.6% of Ukraine’s total sunseed oil exports. However, nobody could have imagined that India would take interest in Ukrainian sunseed meal. The…
Two non-OPEC countries, Kazakhstan and Mexico, have announced that they will take part in OPEC’s meeting to be held in Vienna on December 10. Kazakhstan’s Energy Minister Kanat Bozumbayev has said he will participate in OPEC’s meeting. Regarding the possibility of reducing the oil production in Kazakhstan, Bozumbayev said that Kazakhstan was not the largest…