Azerbaijan and Iran to mull expansion of co-operation in banking sphere

Azerbaijan intends to expand cooperation with Iran in banking sphere, Azerbaijan’s Economy Minister Shahin Mustafayev said. The banking sphere is one of the most prospective directions for the expansion of the Azerbaijani-Iranian cooperation, the minister said. He noted that as part of the intergovernmental commission’s meeting, such structures as the Financial Market Supervisory Authority and…

Azerbaijan and Iran to mull North-South corridor’s implementation

Azerbaijan and Iran will discuss the second stage of implementation of the International North-South Transport Corridor, Azerbaijani Economy Minister Shahin Mustafayev said. The first stage of implementation of the North-South transportation corridor is nearly completed, said the minister. “We are already completing the construction of the railway to the Iranian border and the railway bridge…

Azerbaijan-Iran drug plant’s foundation to be laid in January 2017

Foundation of the Azerbaijan-Iran joint pharmaceutical plant in the Pirallahi Industrial Park will be laid in January 2017, Azerbaijani Economy Minister Shahin Mustafayev said. Iran’s Minister of Cooperatives, Labor and Social Welfare Ali Rabiei will take part in the groundbreaking ceremony of the plant which is an Azerbaijan-Iran joint enterprise, Mustafayev said. Over $30 million…

Latvia: 7% of Latvians pessimistic about 2017

46% of Latvian residents believe 2016 was a successful year for Latvia. In regards to 2017, more than two thirds of respondents said next year might be as equally as successful as 2016 if not more so. As for personal benefits, multiple respondents said they expected accomplishments in family, relationships or love (41%) next year.…

Turkmenistan joining ICAO Public Key Directory

Turkmenistan’s President Gurbanguly Berdimuhamedov has given instructions to the State Migration Service to ensure the realization of measures related to the country’s accession to the International Civil Aviation Organization’s Public Key Directory (ICAO PKD), the Turkmen government said in a message. Under the document, the decision was made in order to guarantee the security of…

Azerbaijan: entrepreneurs to visit Iran

Azerbaijani entrepreneurs will pay a visit to the Iranian cities of Tabriz and Ardabil on January 14-17, 2017, the Azerbaijan Export and Investments Promotion Foundation (AZPROMO) said in a message. Meetings with Iranian entrepreneurs are planned during the visit to expand ties among the businessmen of Iran and Azerbaijan. The visit will take place under…

Ukraine: seaports grain exports up in mid-late December 2016

On December 17-23, Ukraine exported 761.5 thousand tons of grains from the seaports against 670.1 thousand tons on the previous week.

In particular, wheat shipments reached 322.2 thousand tons, corn – 349.3 thousand tons, and barley – 90 thousand tons. (APK-Inform/Business World Magazine)

Azerbaijan: priority areas for Poland’s investments disclosed

Agriculture, tourism, oil industry, chemical industry, industrial parks are priority areas for Poland’s investments, Azerbaijani Minister of Energy Natig Aliyev said. The minister made remarks at the seventh meeting of the Azerbaijan-Poland intergovernmental commission on trade-economic cooperation in Warsaw on December 18-21, the Azerbaijani embassy in Poland reported. Aliyev, who is also a co-chairman of…

Azerbaijan to bolster leasing market

A bill “On Leasing Activities” will be drafted in Azerbaijan in 2017, says the Strategic Road Map for the Manufacture of Small and Medium Entrepreneurship-Level Consumer Goods in Azerbaijan. A relevant legislative and regulatory framework will be formed on the basis of the new law and this will allow creating more favorable conditions for leasing…

Iran: 30 billion euros worth of credit ready

An Iranian-Chinese credit worth 30 billion euros has been prepared and is ready, Iranian Mines & Mining Industries Development & Renovation (IMIDRO) CEO Mehdi Karbasian said. The value of projects implemented by Iran and China during the past three years (the Rouhani administration) has reached 20 billion euros, 4 billion euros of which were in…

Kazakhstan: food and agricultural producers present their products in China

25 Kazakhstani companies presented their products on the Chinese market. Representatives of more than 120 companies from Beijing, Shandong, Henan, Shanxi and China’s other regions pointed out the high quality of products and agricultural goods produced in Kazakhstan. In particular, the Chinese businessmen showed great interest in the fish and caviar produced in Atyrau, honey…

Ukraine: GDP growth in 2016 at 1.5%

Ukraine’s GDP growth in 2016 totals around 1.5%, Ukrainian Prime Minister Volodymyr Groysman has said. “This year we will have growth of around 1.5%, while last year we had 10% of decline and 43% of inflation”, he said at a meeting with students of Kyiv Polytechnic Institute. The premier said that he hoped that GDP…

Belarus: Mogilevliftmash exports up in January-November 2016

Belarus’ OAO Mogilevliftmash elevator plant reports a 15.3% increase in exports in January-November to $106.9 million, a company representative reported. Elevator exports grew by 28.4% to 10,109 units. The bulk of elevators was exported to Russia – 8,599 units (up by 27.9% YoY). Elevators are Mogilevliftmash’s major export product. Elevators manufactured by Mogilevliftmash are exported…

Kazakhstan: bearish export prices for wheat flour predominate

During two recent weeks the export market of wheat flour in Kazakhstan demonstrated a bearish price trend.

According to the analysts, this is largely due to lowering demand for the product from major countries-importers. (APK-Inform/Business World Magazine)

Kazakhstan: average grain yield up

In 10 recent years the average grain yield in Kazakhstan increased by 30%, from 1.02 ton/ha to 1.33 ton/ha, the Ministry of Agriculture of the Republic of Kazakhstan declared. According to the announcement, Kazakhstan increased the general effectiveness of grain production, and agrarians learned how to minimize losses in good crop years, and to the…