Russia: FATA resumes flight servicing of Turkmenistan Airlines

On September 16, on completion of the Eid al-Fitr celebration, as soon as the banking day was opened in Turkmenistan, Turkmenhowayollary (Turkmenistan Airlines) transferred cash to the accounts of the Russian air navigation service provider, FSUE “State ATM Corporation” for services previously rendered in full. All restrictions on Turkmenistan Airlines’ flights in Russian airspace have…

Estonia: Tallinn rated second most attractive cruise destination in the Baltic Sea region

Estonia’s capital Tallinn was named a Top-Rated Baltic & Scandinavia Cruise Destination in Cruise Critic’s first-ever Cruisers’ Choice Destination Awards. According to the Cruise Critic’s consumer feedback submitted on the Cruise Critic website over the past year the top 5 destinations of the Baltic Sea region are: 1. St. Petersburg; 2. Tallinn; 3. Stockholm; 4.…

Belarus: Belarusbank teams up with Roseximbank to finance supplies of high-tech products

OAO Belarusbank jointly with Russia’s Roseximbank will provide special-terms financing for supplies of high-tech products from Russia to Belarus, the Belarusian bank said in a press-release. Operating as part of Russian Export Centre Group, Roseximbank has been financing Russia’s high-tech products facilitation program since 2015. The banks will provide documentary credit financing in support of…

Belarus: GDP down in January-August 2016

Belarus’ gross domestic product (GDP) reduced by 3% YoY in January-August to 60.8 billion Belarusian rubles ($31.1 billion at the central bank’s exchange rate), an official with Belarus’ National Statistics Committee reported. Industrial output in January-August fell by 1.8% YoY to Br51.5 billion ($26.3 billion). Farm output reduced by 2.2% to Br8.4 billion ($4.3 billion).…

Belarus: industrial output down in January-August 2016

Belarus’ industrial output decreased by 1.8% YoY in January-August to 51.528 billion Belarusian rubles (Br), or $26.325 billion at the official rate of the National Bank, the National Statistical Committee (Belstat) reported. Production of coke, oil products and nuclear materials reduced by 7.2% YoY in January-August to 7.58 billion rubles ($3.872 billion). The output of…

Azerbaijan to make car export hub through Iran

Opening Iran-Khodro’s new site in Azerbaijan will turn Azerbaijan into the company’s export hub in Central Asia and the Caucasus. Iran-Khodro plans to manufacture 10,000 cars per year in Azerbaijan, which will be exported. Car imports to Azerbaijan fell after introducing the Euro-4 ecological standard over a year ago. In the first half of 2015,…

Russia: nearly 90 million tons of grains harvested

As of September 1, the general production of spring grains and pulses in Russian agricultural organizations reached 88.7 million tons in bunker weight, up by 25.6% YoY, the Federal State Statistics Service of the Russian Federation (Rosstat) announced. The agricultural organizations, which concentrated 67.9% of the whole planted areas under grains and pulses (excluding corn),…