Azerbaijan: Russian businessmen keen to establish ties with local partners

Local and Russian enterprises and businessmen demonstrate continuous interest in cooperation due to similar business structures, preferential tax and customs regimes and availability of different transport routes which ease logistics issues. Business people from Tyumen, Russia, who will be in Baku on August 11-16, plan to establish ties with potential partners from Azerbaijan. The visit,…

Armenia: economic activity index up in H1 2019

Armenia’s economic activity index grew by 6.5% YoY in January-June, according to official data published by the National Statistical Committee. In particular, the service sector grew by 15.3%, trade turnover by 8.9% and the industrial output by 6.9%. In January-June construction volumes increased by 4.7%. Consumer price index grew by 2% and the agricultural output…

Ukraine: Zelensky’s team preparing draft decision to reduce electricity prices

The team of Ukrainian President Volodymyr Zelensky, together with the Government and the National Commission for State Regulation of Energy and Public Utilities, is developing a draft resolution to reduce electricity prices for water utilities by 10%, Presidential representative in the Cabinet of Ministers of Ukraine Andriy Herus said. “The introduction of the electricity market…

Ukraine: milk output profitability up in July 2019

Economist from the Investment Center of the Food and Agriculture Organization (FAO) of the United Nations Andriy Yarmak said the profitability of milk production in Ukraine in July grew by 33.6% YoY. “The Ukrainian Milk Index (UMI, conditional profitability of milk production) at commercial enterprises was already 33.6% up in July against the figure reported…

Azerbaijan: electricity exports up in July 2019

In recent years Azerbaijan has turned from an electricity importing country into a country exporting electricity. Azerbaijan, which has been exporting electricity to neighboring countries for a long time, has already begun exporting energy to European countries. In early May Azerenergy started supplying electricity to Greece, Romania, Bulgaria and Hungary through Georgia and Turkey. In…

Kazakhstan: fire-resistant construction materials manufacturing to be launched

The manufacturing of new construction materials, including blocks, panels and bricks will be launched on the territory of Saryarka special economic zone in Kazakhstan’s Karaganda region, the press office of region’s akimat (administrative center) reported. As the source in akimat stated, the project belongs to Termo Form company. The estimated capacity of the manufacturing will…