International rating agency Fitch has improved its outlook on Russia’s BBB- long-term issuer default ratings in local and foreign currencies to stable from negative, the agency said in a statement. “Russia has implemented a coherent and credible policy response to the sharp fall in oil prices. A flexible exchange rate, inflation targeting, fiscal consolidation and…
The European Union published a proposal to increase the quotas for duty-free supplying of Ukrainian products, including food products, products of the chemical industry, etc., the Official Journal of the European Union informed. In particular, the document proposed to provide additional quotas to Ukrainian agricultural producers for the supply of corn and flour (650 thousand…
The EU Special Representative for the South Caucasus Herbert Salber will visit Azerbaijan in late October, Salber’s press service reported. Salber will hold a number of official meetings, at which the sides will discuss bilateral relations. It is also expected to discuss the situation around the Nagorno-Karabakh conflict. The conflict between the two South Caucasus…
China hopes to expand cooperation with Russia in the program of constructing its own orbital station, Wu Ping, a representative of China’s Manned Space Agency, said. “When implementing a program of constructing a space station, we hope to engage in expanded cooperation and exchanges with Russia in choosing and training cosmonauts, carrying out scientific experiments,…
Kazakhstan’s car market is gradually recovering after the crisis of 2014 -2016, Association of Kazakhstan Auto Business reports. The demand for new cars has increased slightly and the official dealers sold 3,356 new cars in September and 32,581 cars since the beginning of 2016, according to the association. The top 20 best sellers brands in…
The National Agency for Investments and Privatization (NAIP) has expanded until October 31, the deadline for bids from local and foreign companies interested in purchasing a 94.096% stake in OAO Minsk Margarine Factory, NAIP said in a release. NAIP views a potential strategic investor for Minsk Margarine Factory as a private company with the average…
As many as 73 state enterprises and facilities will be put up at the auction for the privatization of the State Property Issues Committee of Azerbaijan on November 15, the message of the committee said. The enterprises to be put up for privatization operate in the fields of cotton growing, agricultural chemistry, transport, construction and…