The European Union (EU) has announced the doubling of the bilateral assistance package in support to private sector development and strengthening institutions in Belarus from 14.5 million euro in 2015 to 29 million euro in 2016. The EU Representative Office in Belarus posted a message to this effect on its official web site. The funding…
Dry weather during the second half of September triggered further decline in soil moisture stocks. Almost across all the territory of Gomel, in most areas of Brest, in the south-east of Mogilev region topsoil was almost completely withered that was unfavorable for winter crops sowing and sprouts emergence. In some regions soil moisture deficit hindered…
Belarus increased gas output by 0.1% YoY in January-August to 145.3 million cubic meters, the National Statistical Committee said in a report. In August alone, Belarus’ gas output grew by 14.8% YoY to 18.1 million cubic meters. Belarus does not have its own gas fields. Within the limits of the Prypyats Flexure, where oil exploration…
Belarus and Germany explored opportunities for investment cooperation during the Day of Belarusian Economy at the Hamburg Chamber of Commerce on September 27, the press service of the Belarusian Ministry of Foreign Affairs reported. “The emphasis was placed on the opportunities for interaction and investment cooperation between Belarus and Germany in the context of Belarus’…
Azerbaijan will receive the first AZ8A freight electric locomotives in summer 2017, Bernard Peille, managing director of the French company Alstom’s South CIS Cluster, reported. These locomotives are produced by Alstom at the production site of the Elektrovoz Kurastyru Zauyty (EKZ) joint venture in Kazakhstan. Peille said the assembly process of electric locomotives had advanced…
Azerbaijan took the 37th place in the Global Competitiveness Report 2016-2017, prepared by the World Economic Forum. The research covered 138 countries. Azerbaijan ranked the 40th among 140 countries in the previous report. As in the previous report, Azerbaijan holds the highest position among the CIS (Commonwealth of Independent States) countries. The country is followed…
On September 15, Agroprodservice launched a new soybean crushing plant, which it had been building since March. Crushing capacity is 40 KMT soybeans a year. Finished products will be soybean cake and non-refined soybean oil. Previously, company’s soybean cake production capacities equaled 1400 tons a month. (UkrAgroConsult/Business World Magazine)