Ashgabat hosted a meeting of the Intergovernmental Turkmen-Hungarian Commission for Economic Cooperation. During the meeting, special attention was paid to energy issues and the prospects of supplying Turkmen natural gas to Europe. The issues concerning the export of liquefied natural gas and products of gas chemical enterprises were also mulled at the meeting. The sides…
Compared to May 2016, total retail trade turnover rose by 3.8% in May 2017. Turnover of retail trade in food products increased by 2.4% and turnover of retail trade in non-food products grew by 4.8%. The most significant growth in turnover in the non-food product group was recorded in retail sale of information and communication…
Presidents of Uzbekistan and Turkmenistan, Shavkat Mirziyoyev and Gurbanguly Berdimuhamedov held a telephone conversation to review prospects to deepen the ties. Both sides noted with satisfaction the intensification of contacts at all levels, as well as actively implemented joint projects in trade and economic, transport-communication, energy, cultural and humanitarian and other spheres. A number of…
In 2016 the average forest regeneration costs, depending on the forest land quality group, varied between 551 and 600 euros per hectare. In 2015, these costs constituted 620-687 EUR/ha. The forest regeneration costs include expenditure on soil preparation, small sapling expenses and planting costs, according to data from the Central Statistical Bureau of Latvia. In…
The State Enterprise “Boryspil International Airport” must conclude an agreement with the Ryanair airline within the next two weeks, Infrastructure Minister of Ukraine Volodymyr Omelian stated. “The Lviv International Airport has already signed a contract with Ryanair, the contract between the Boryspil Airport and Ryanair will be signed within the next two weeks. We significantly…
Delta Bank based in Almaty city has announced it is shutting down its branches in 7 cities. The bank de-registered its branches in the cities of Atyrau, Aktobe, Uralsk, Karagandy, Taraz, Pavlodar and Petropavlovsk. Delta Bank was founded on September 1, 1993 in Aktau on the initiative of major oil and gas companies of West…
The cost of construction of elevated bridges on the North-South road will amount to $28 million, head of the Technical Supervision Service Kubanychbek Ormonov declared. According to him, two elevated bridges with the length of 400 and 1,086 meters will be built across the Naryn River. “Construction of the first bridge will cost $7 million,…
Ashgabat will host an exhibition of Chinese goods on July 4-6, the Turkmen government said in a message. Companies specializing in the production of electrical equipment, construction materials, agricultural and construction equipment will be represented at the exhibition. Chinese manufacturers will demonstrate metal and plastic, textile and carpet, as well as food products. Moreover, Chinese…
A fast food restaurant under the KFC brand of a franchise partner of the owner Yum! Brands Inc. (Louisville, the United States) – Global Restaurant Group – Ukraine LLC (GRG) – has been opened in the Magellan shopping center in Kyiv. The press service of the company reported that the new KFC fast food restaurant…
The US investment fund Navigator Principal Investors LLC plans to invest nearly $100 million in the development of the Ukrainian ports and agriculture, the head of the fund Kyle Shostak declared. “We are looking at the ports and agriculture. There are not so many ports in Ukraine. We keep an eye on Odessa, Mykolaiv, Kherson…
Negotiations are in progress on selling the first batch of Belarusian electric buses to Moscow, Chairman of the State Science and Technology Committee of Belarus Alexander Shumilin reported on June 29. The Russian side demonstrates a strong interest in Belarusian electric transport, said the official. “We have already supplied some buses for test runs. Their…
Turkmenistan’s Foreign Minister Rashid Meredov met with Turkey’s Deputy Prime Minister Yildirim Tugrul Turkes in Ashgabat, the Turkmen Foreign Ministry said in a message. The two sides discussed the topical issues of interstate cooperation, and expressed their mutual interest in further development of the dialogue in trade, economic, cultural and humanitarian spheres. The parties noted…
According to the current information of the State Statistics Service, Ukraine’s reserves of grains and pulses totaled 8.84 MMT as of June 1, up by 10.8% YoY (7.98 MMT). Wheat stocks decreased by 22.3%, to 3 MMT against 3.87 MMT reported as of June 1, 2016. Corn stocks are up by 49.5% YoY, amounting to…
Vietnam is interested in deliveries of Belarusian tractors, bicycles and motorcycles, Vietnam’s Deputy Prime Minister Pham Binh Minh said. “First thing, Vietnam is interested in the equipment that meets our conditions. These are small tractors and buses,” Pham Binh Minh said. According to him, the Vietnamese side is also interested in bikes and motorcycles. Pham…
Turkmenistan has bought another Boeing 737-800 aircraft. The purchase was carried out in line with the contract signed in April 2014. The range of non-stop flight of Boeing-737-800, which reaches 5,660 kilometers, allows using them for passenger flights to Almaty, Ankara, Istanbul, Delhi, Dubai, Kazan, Minsk, Moscow, St. Petersburg and other cities of the Eurasian…
The service life of the alternative North – South road will comprise 20 years, an Assistant Engineer of the Design Institute Kyrgyzdortransproekt Emilbek Atambekov said. According to him, for the first time in Kyrgyzstan, crushed stone and mastic asphalt are used in the construction of a new road. “The thickness of the asphalt is 16…
The Department of Foreign Affairs, Trade and Development of Canada has notified the Embassy of Ukraine in Canada about the completion of the ratification process of the Free Trade Agreement between Ukraine and Canada. Thus, the agreement will come into force on August 1. The agreement was signed on July 11, 2016 during the visit…
Ukraine produced 431,000 tons of bread and bakery products in January-May, down by 7.6% YoY, according to Ukraine’s State Statistics Service. In May Ukraine produced 90,000 tons of bread, up by 5.3% MoM, but down by 3% YoY. Flour production in the five months totaled 763,000 tons, down by 1.5% YoY. Flour production in May…
The Belarusian automobile engineering company MAZ will ship 400 vehicles to Vietnam this year, Belarusian Industry Minister Vitaly Vovk declared. The industry minister said: “This year we will get 400 automobiles shipped to Vietnam”. Vitaly Vovk explained that MAZ would sign the relevant agreements during the visit of Vietnam President Tran Dai Quang to Belarus.…
Minister of Finance Bakhyt Sultanov has commented on the introduction of cryptocurrency in Kazakhstan. He made the comments at the reporting meeting with the public. Minister Sultanov noted that the issue of creation of the international cryptocurrency was a difficult one and required interaction between the financial systems of a number of countries. However, Sultanov…
The first consignment of Kazakhstan-assembled JAC S3s, including 55 cars, has been dispatched to Tajikistan, according to the press service of Kazakhstan’s AllurGroup. In all, AllurGroup plans to deliver 1,000 JAC S3s to Tajikistan. New taxis of Peugeot and JAC models assembled in Kazakhstan are expected to appear in Dushanbe’s streets soon. Holding Asia Group…
Uzbekistan will increase the supply of gas condensate from Turkmenistan to load the Bukhara oil refinery, Turkmenneft state concern reported citing Uzbekneftegaz National Holding Company. A number of documents on cooperation in the economic and energy spheres, including an agreement between Uzbekneftegaz and Turkmennebit (Turkmenneft) were signed during the visit of Uzbekistan’s President Shavkat Mirziyoyev…
Turkmenistan, which is currently engaged in expanding its positions in gas and chemical industry, plans to implement numerous projects in this area. The energy-rich Central Asian nation will strengthen the development of the gas and chemical industry in the next 10 years. Deputy Prime Minister Maksat Babayev presented a number of projects in this regard…
Turkmenistan’s wheat collection centers have reported receiving one million tons of new crop wheat. It is expected that this year’s government order for procurement of 1,600 million tons of grain will be fulfilled. This year’s wheat sowing area amounts to 760 thousand hectares in Turkmenistan. About 1,500 grain combines are used in the harvesting campaign.…
There are no real threats to the Ukrainian power grid due to a huge cyber-attack, Ukrenergo Head Vsevolod Kovalchuk has said. “This virus does not carry real threats for the power grid. Professionalism of our dispatchers and engineers allows managing the Ukrainian power grid without some pieces of software using Windows OS. I hope that…
In May Ukraine exported 454 tons of pine strawberries, up 1.4-fold YoY, a record figure for the years of the country’s independence.
According to the analysts, Belarus remains the main importer of Ukrainian pine strawberries. (Ukrinform/Business World Magazine)
On June 23 Nibulon shipbuilding and repair yard solemnly launched the 121M Project tug (modernized project) Nodari Chanturiia. Nibulon says this is the last vessel of a series of three 121M Project vessels. In particular, on April 6 the fist vessel Yurii Makarov was launched in Mykolaiv; on May 24 Anatolii Hankevych tug was launched.…
Inflation will not exceed 7% till the end of the year, Belarusian First Deputy Economy Minister Dmitry Krutoi declared. According to the source, the Belarusian government expects inflation not to exceed 7% till the end of the year, down from the previous estimate of 9%. “Our projections are cautious. We finished the first five months…