First auctions within the framework of the new state property privatization program in Azerbaijan will be held on September 14 and September 20, the country’s State Property Issues Committee said. “The main innovation is that potential investors, representatives of the press and the public will be able to watch the auction live”, said the message.…
Heads of railway administrations of Kazakhstan, Azerbaijan and Georgia have discussed mutually beneficial cooperation and creation of favorable conditions for cargo transportation with cargo shippers, major operators and freight companies of Kazakhstan in Astana, the press service of Kazakhstan Railways JSC reported. In particular, the sides talked about the reduction of tariffs for transportation of…
Armenia’s economic activity index decreased by 4.7% YoY in July. This is a record figure. A decline in the country’s economic activity has not been observed yet in 2016. Just two weeks ago, Armenia’s Prime Minister Hovik Abrahamyan summed up the figures for the H1 at a cabinet meeting and was satisfied with the 4%…
Ashgabat hosted a meeting to discuss the concept of Turkmenistan’s chairmanship at the International Fund for saving the Aral Sea (IFAS), the Turkmen government said in a message. Turkmenistan’s activity will focus on the fight against the consequences of the Aral crisis and preventing the degradation of ecosystems in the Aral Sea region, conservation of…
A major cement plant was put into operation in the Yovon district of Khatlon region on August 24, with the participation of the President of Tajikistan Emomali Rakhmon. A joint opened Tajik-Chinese enterprise “Chungtsay Mohir cement” plant is the second factory in Tajikistan to produce cement. The design capacity of the plant is 1.2 million…
The Asian Development Bank (ADB) has approved of the fourth tranche worth $75 million as part of the ‘Azerbaijan: Water Supply and Sanitation Investment Program’, said a message posted on the bank’s website. According to the message, the first three tranches of the multi-tranche financing facility (MFF) financed construction of water networks in Goychay, Agdash…
Last week the weather was favorable for late crops formation due to lower air temperatures and higher amount of precipitations. Sunflower sown in the optimal and early terms is at the stage of maturation – technical ripeness and at later sown plants – flowering stage. Some regions have started harvesting works. Sunflower condition is mainly…
In January-July the sea terminal Nika-Tera (Mykolaiv, part of Group DF) shipped 766.5 thousand tons of grain cargoes, or 44.88% of the total cargo turnover (1.7 million tons), the press-service of the company declared. The terminal also shipped 249 thousand tons of mineral fertilizers (14.58%), 691.6 thousand tons of bulk-loaded cargoes (40.49%), and 0.9 thousand…
The agricultural holding Nibulon has put into operation a grain transshipment terminal on the river Southern Bug. The investments in construction totaled 450 million UAH, the press-service of the company declared. According to the announcement, the simultaneous storing capacities at the terminal total 76 thousand tons of grains, the daily capacity of dryers – 4…
Tajikistan must look to deepen its industrial base, improve the productivity of its agricultural sector, and reduce barriers to private investment to remain on a high growth path, says a new Asian Development Bank (ADB) report that was presented in Dushanbe on August 19. The country diagnostic study, Tajikistan: Promoting Export Diversification and Growth, takes…
Moscow will host the 11th edition of the international conference Eurasian Integration on November 11, the press center of the Eurasian Development Bank (EDB), the organizer of the forum, reported. The conference will attempt to find ways to promote Eurasian integration. “This year, the conference will discuss matters of strategic cooperation in key economy sectors…
Uzbekistan and Switzerland signed an intergovernmental agreement on realization of a project “National management of water resources in Uzbekistan”. Deputy Minister of Agriculture and Water Management of Uzbekistan Shavkat Hamraev and Extraordinary and Plenipotentiary Deputy Ambassador of Switzerland in Uzbekistan Thierry Umbehr signed the document. According to information service of the ministry, Switzerland will issue…
The fight against terrorism, extremism and other threats of the modern world were discussed at the meeting of the Minister of Internal Affairs of the Republic of Tajikistan Ramazon Rahimzoda with the Extraordinary and Plenipotentiary Ambassador of Qatar in the Republic of Tajikistan Ali bin Muborak al-Muhannad. The parties have also discussed the draft agreement…
The Black Sea oil terminal of the state oil company of Azerbaijan SOCAR in Kulevi has completed installation of the device for cleaning of the pipeline and started its first operations, the message of the oil terminal said. This device used for cleaning, inspection and maintenance of pipelines, enables implementing various operations on the pipeline…
Some 74 billion cubic meters (bcm) of gas and 19 million tons of condensate have been extracted since the beginning of operation at the Azerbaijani Shah Deniz gas condensate field, Khoshbakht Yusifzade, first vice president of Azerbaijan’s state oil company (SOCAR), said. He added that the reserves of the Shah Deniz field were estimated at…
A poultry farm with an annual capacity of 6,000 tons of chicken meat is being constructed now in Schapovo settlement of Zelenovsky district in West Kazakhstan region. Governor of the region Altai Kulginov checked the course of construction works. He reported that 1.7 billion tenge had been allocated this year for the project under the…
Poland may use Kazakhstani ports on the Caspian Sea, President Nursultan Nazarbayev has said after the talks with his Polish counterpart Andrzej Duda in Warsaw. “Kazakhstan is ready to use Poland’s seaports and terminals which you have told us about. Poland may also use Kazakhstani ports on the Caspian Sea”, Nazarbayev noted. “Today, I have…
Pinsk-based clothing manufacturing and trading association Polesye has recently increased its exports to Kazakhstan and Russia through its schoolwear supplies, Sergei Kasperovich, head of the company’s export department, reported. About 35,000 back-to-school items produced in Pinsk will go to Russian regions this summer. Polesye school clothes are on sale in stores of Moscow, Saint Petersburg,…
PayPal is preparing to receive accreditation in Azerbaijan, a source in the country’s e-payment systems market reported. PayPal has already selected the bank that will represent its interests in Azerbaijan, according to the source. The bank’s name was not revealed. “The issue of PayPal’s accreditation is currently the subject of discussion of the sides: after…
Uzbekistan Temir Yollari (Uzbekistan Railways) commissioned into operation a new building of the railway station Andijan, the press service of the Uzbek company said. The station can provide services to up to 350 passengers an hour simultaneously. Earlier, the figure stood at 50 passengers an hour. During construction works, administrative building and ticket sales office…
Presidents of Kazakhstan and Poland Nursultan Nazarbayev and Andrzej Duda made a joint statement following their talks in Warsaw. According to Nazarbayev, Kazakhstan is rich in natural resources, but the country implements today a large-scale industrialization program. “In five years, we have commissioned 1,000 projects. Most of them are processing enterprises. Polish businessmen were invited…
Mubarek Gas Processing Plant will have completed the project on production of granulated sulfur with nominal value of 80,000 tons a year by the end of 2016. Realization of the project will allow improving quality of the product up to international ecologic standards. The product will be comfortable for transportation, storage and processing, which will…
The President of the Republic of Uzbekistan signed a decree to increase the wage of employees of budgetary institutions and organizations, pensions, stipends and grants on average 1.15 times (15%). The document comes into effect on October 1. According to the decree, the minimum wage rate on the territory of the Republic of Uzbekistan will…
Kyrgyzstan expects increase in investments in 2017, Deputy Prime Minister of Kyrgyzstan Oleg Pankratov announced. According to him, countries of EEU remain the main market outlet for Kyrgyzstan. Meanwhile, the Eurasian Economic Union makes republic attractive for investors. “We have open market of 180 million people in front of us. Of course, there was no…
Kazakh and Polish businessmen are going to sign bilateral deals worth $1 billion, the Head of State Nursultan Nazarbayev announced after the talks with his Polish counterpart Andrzej Duda in Warsaw, Poland. The businessmen will sign the contracts on August 23, during the Kazakh-Polish Business Forum. The Kazakh Leader noted that this was his third…
The activity of JSC “Uzeltehsanoat” over the years of independence, achievements and future plans were discussed at the briefing held in the capital. The participants, comprised of business leaders, members of the company, noted that if in 2005 the volume of production was some 80 billion soums, in the first half of 2016 this figure…
Indian low cost airline GoAir received a permission to carry out flights to Uzbekistan. Local mass media reported that the Government of India had provided permission to GoAir to conduct flights between Uzbekistan and India. GoAir Chief Executive Officer Wolfgang Prock-Schauer said that the airline would start conducting flights to Uzbekistan from next summer schedule.…
Georgia’s State Security Service said it had prevented an attempt of blowing up a part of a gas pipeline that supplied the Russian natural gas to Armenia. Five Georgian nationals were detained on August 20, for illegal purchase and storage of firearms, ammunition and explosives with the goal of carrying out a terrorist attack, the…
The main objectives of the Association “Uzbekcharmpoyabzali” are to coordinate the activities of the industry via storing up and processing the raw leather, produce competitive leather products, shoes and leather goods, as well as introduce advanced technologies, modernize and technically re-equip the industry. Today the Association unites over 80 enterprises. The main directions of further…
The Belarusian Potash Company (BPC) says the global potash fertilizer market is gradually getting back to normal on reports about new contracts made with India and China. With new long-term deals signed with India and China, the pressure on spot markets has reduced and potash prices started growing steadily in H2 2016. For instance, potash…