Russia: vegetable and fruit imports from Egypt banned

Russia’s Federal Service for Veterinary and Phytosanitary Oversight has introduced a temporary ban on imports of vegetables and fruits of high phytosanitary risk from Egypt starting from September 16. The ban will be in effect until Egypt takes efficient measures to ensure phytosanitary safety of products supplied to Russia, the watchdog said. The regulator said…

Azerbaijan: SGC to bring huge profit

The Southern Gas Corridor (SGC) will bring tens of billions of net profit to Azerbaijan in 2018-2019, President of the State Oil Company of Azerbaijan (SOCAR) Rovnag Abdullayev said. “Shah Deniz 2 is one of our most promising projects. The development of the huge Shah Deniz field, which has around 1.2 trillion cubic meters of…

Azerbaijan: Iranian companies invest $2.6 billion

Iranian companies have invested $2.6 billion in Azerbaijan’s economy, Azerbaijan’s Deputy Economy Minister Sahil Babayev said. The deputy minister said that only $145 million of this amount was invested in the non-oil sector. Around 450 companies with Iranian share operate in Azerbaijan, Babayev added. “The relations between Azerbaijan and Iran have entered a new phase.…

Russia: grain export supplies from the seaports halved

On September 12-18, the export volumes of grains from the Russian seaports reached 229.4 thousand tons, against 429.8 thousand tons shipped in the previous week.

In particular, the wheat shipments totaled 112.9 thousand tons, barley – 77.5 thousand tons, corn – 32.5 thousand tons, and peas – 6.5 thousand tons. (APK-Inform/Business World Magazine)

Russia: FATA resumes flight servicing of Turkmenistan Airlines

On September 16, on completion of the Eid al-Fitr celebration, as soon as the banking day was opened in Turkmenistan, Turkmenhowayollary (Turkmenistan Airlines) transferred cash to the accounts of the Russian air navigation service provider, FSUE “State ATM Corporation” for services previously rendered in full. All restrictions on Turkmenistan Airlines’ flights in Russian airspace have…

Estonia: Tallinn rated second most attractive cruise destination in the Baltic Sea region

Estonia’s capital Tallinn was named a Top-Rated Baltic & Scandinavia Cruise Destination in Cruise Critic’s first-ever Cruisers’ Choice Destination Awards. According to the Cruise Critic’s consumer feedback submitted on the Cruise Critic website over the past year the top 5 destinations of the Baltic Sea region are: 1. St. Petersburg; 2. Tallinn; 3. Stockholm; 4.…

Belarus: Belarusbank teams up with Roseximbank to finance supplies of high-tech products

OAO Belarusbank jointly with Russia’s Roseximbank will provide special-terms financing for supplies of high-tech products from Russia to Belarus, the Belarusian bank said in a press-release. Operating as part of Russian Export Centre Group, Roseximbank has been financing Russia’s high-tech products facilitation program since 2015. The banks will provide documentary credit financing in support of…

Belarus: GDP down in January-August 2016

Belarus’ gross domestic product (GDP) reduced by 3% YoY in January-August to 60.8 billion Belarusian rubles ($31.1 billion at the central bank’s exchange rate), an official with Belarus’ National Statistics Committee reported. Industrial output in January-August fell by 1.8% YoY to Br51.5 billion ($26.3 billion). Farm output reduced by 2.2% to Br8.4 billion ($4.3 billion).…

Belarus: industrial output down in January-August 2016

Belarus’ industrial output decreased by 1.8% YoY in January-August to 51.528 billion Belarusian rubles (Br), or $26.325 billion at the official rate of the National Bank, the National Statistical Committee (Belstat) reported. Production of coke, oil products and nuclear materials reduced by 7.2% YoY in January-August to 7.58 billion rubles ($3.872 billion). The output of…

Azerbaijan to make car export hub through Iran

Opening Iran-Khodro’s new site in Azerbaijan will turn Azerbaijan into the company’s export hub in Central Asia and the Caucasus. Iran-Khodro plans to manufacture 10,000 cars per year in Azerbaijan, which will be exported. Car imports to Azerbaijan fell after introducing the Euro-4 ecological standard over a year ago. In the first half of 2015,…

Russia: nearly 90 million tons of grains harvested

As of September 1, the general production of spring grains and pulses in Russian agricultural organizations reached 88.7 million tons in bunker weight, up by 25.6% YoY, the Federal State Statistics Service of the Russian Federation (Rosstat) announced. The agricultural organizations, which concentrated 67.9% of the whole planted areas under grains and pulses (excluding corn),…

Ukraine: agricultural output up in January-August 2016

In January-August the production volumes of agricultural commodities in Ukraine increased by 1% YoY at the expense of rising production volumes of plant growing commodities, the State Statistics Service of Ukraine announced. In particular, the production of plant growing products grew by 1.7%, while livestock products output was down by 2.4%. According to the statistics…

Ukraine: UIA launches Lviv-Vilnius flight

On September 16, Ukraine International Airlines (UIA, Kyiv) serviced its first direct regular flight between Vilnius and Lviv. The press service of the airline reported that new flights connecting Lviv and Vilnius would be serviced twice a week using Boeing-737 and Embraer-190 planes with business and economy classes. Until October 12, UIA offers tickets from…

Ukraine: 8.5 million tons of grains exported

Since the beginning of 2016/2017 MY, Ukraine exported 8.51 million tons of grains, the Ministry of Agrarian Policy and Food of Ukraine declared. In particular, wheat exports totaled 5.1 million tons, corn – 583 thousand tons, and barley – 2.78 million tons. Also, flour exports reached 64.4 thousand tons. According to the announcement, nearly 435…

Azerbaijan: SOCAR to diversify its financial channels

Azerbaijan’s state oil company SOCAR intends to diversify its financial channels, the company’s president Rovnag Abdullayev reported. He made the remarks during the presentation of SOCAR bonds for Azerbaijani citizens. Abdullayev pointed out that SOCAR was implementing a new strategy to strengthen its positions at the international level. Eurobonds have been issued successfully, he said,…

Russia: to restore air travel with Egypt by 2017

Russia hopes to restore air travel with Egypt by the end of 2016, Deputy Foreign Minister Mikhail Bogdanov, special presidential representative for the Middle East and Africa, reported. “We hope. The sooner the better”, he said, adding that Moscow must be sure that Egypt had done everything to ensure safety of Russian tourists. Moscow suspended…