Russia: freight rates remain unchanged in Azov basin

According to Rufco Company, grain freight rates remained steady in the Azov Sea basin. Trading activity declined slightly, grain exports did not meet expectations of shipowners, first of all regarding shipments to Turkey. Supply of free “river-sea” fleet exceeded demand in spot market. In the Caspian Sea grain freight rates continued to strengthen. Shipments of…

Russia leading in foreign investment diversity

Russia was ranked first in a list of commodity-based economies by foreign investment diversification, according to an analytical survey conducted by the Financial Times. According to the survey covering the period from 2003 till 2015, Russia raised investments in more than 4,000 new initiatives across 39 analyzed sectors. Financial services, industrial machinery, food, tobacco and…

Tajikistan: Gazprom out of the country

Russia’s state-controlled gas company Gazprom announced in its quarterly report that it has given up licenses for exploration and development of the Sariqamish and Western Shohambari gas fields in Tajikistan. The report, in particular, notes that the central commission for mineral development and license movement management has decided to give up the licenses in connection…

Uzbekistan: Small Businesses Support Fund provides services for 1,640 enterprises

Fund for supporting small businesses and private entrepreneurs provided legal, financial and organizational services to 1,646 enterprises to promote goods and services to external markets in the first half of 2016. The export agreements for $1.32 billion have been signed. Some 379 enterprises exported their products and services valued at $643 million. Number of enterprises,…

Kyrgyzstan: forgery found at coal tender

National Energy Holding confirmed forgery and participation of affiliates in the tender for the purchase of local coal. The head of the Holding Aibek Kaliev reported on the bids for the purchase of fuel during a conference call on the preparation for the heating period. According to him, tender for the purchase of Kara-Keche coal…

Belarus: Minsk regional administration authorized to make concession deals at Yaminski segment of Liuban shale oil deposit

Minsk regional administration has been chosen to act as a state body authorized to make mining concession deals at the Yaminski segment of the Liuban shale oil deposit (Minsk region), in accordance with the government resolution No. 626 dated August 10. Minsk regional administration is also responsible for making mining concession deals at the Okolovskoye…

India: GoAir to fly to Azerbaijan

India’s low-cost air carrier Go Airlines Ltd. (GoAir) has obtained permission to carry out flights to nine states, including Azerbaijan. GoAir, which is based in Mumbai, has obtained permission to carry out regular passenger flights to Azerbaijan, Iran, China, Vietnam, the Maldives, Uzbekistan, Kazakhstan, Qatar and Saudi Arabia starting from March 2017. “GoAir obtained permission…

Kyrgyzstan: China, UAE and Europe interested in construction of Upper Naryn HPP cascade

China, UAE and European countries are interested in the construction of Kambarata-1 and Upper Naryn HPP cascade, the National Energy Holding reported. At present the power engineers are studying the received proposals to choose the most suitable investor. The President instructed the government to find investors for the construction of Upper Naryn HPP cascade after…