Ukraine: Chinese corporation takes interest in developing Chornomorsk port infrastructure

The seaport of Chornomorsk (former Illichivsk) was visited by representatives of the China National Complete Engineering Corporation (CCEC) and the State Food Grain Corporation of Ukraine. The Chinese are investigating possibilities for implementing joint investment projects to develop the No. 2 terminal’s infrastructure. The port’s management presented development projects designed for the period until 2018.…


Belarus and Azerbaijan analyzing joint production of carpets and cotton fabrics

Belarus and Azerbaijan are analyzing the prospects of joint production of carpets and cotton fabrics, the Belarusian President’s press-service said in a statement following President Alexander Lukashenko’s talks with Azerbaijani President Ilham Aliyev. “In my opinion, Azerbaijan did the right thing when it decided to develop its cotton growing industry. Output figures will rise so…


Azerbaijan: Taxes Ministry completes joint twinning project with EU

The European Union (EU) and Azerbaijan’s Taxes Ministry have successfully completed the implementation of a joint twinning project on improvement of human resources management, the country’s Deputy Taxes Minister Sahib Alakbarov said. The twinning project’s implementation was carried out jointly with taxes administrations of the EU, France and Spain. “This project has become a successful…


Azerbaijan: reasons of GDP decline

Azerbaijan’s GDP amounted to 49.2 billion manats in January-October, down by 3.7% YoY, the country’s finance minister Samir Sharifov said. He made the remarks during a discussion on the draft state budget and the concept of social and economic development for 2017 and the next three years. The discussions on the draft state budget at…


Uzbekistan: ADB to allocate 154 million towards development of horticulture

The Asian Development Bank approved of a $154 million loan to improve horticulture in Uzbekistan. “ADB’s support will help to expand access to long-term financing for farmers engaged in horticulture, and businesses involved in the supply chain in the field of horticulture”, Bui Minh Ghaip, senior economist for natural resources and agriculture at Regional Department…


Ukraine: court arrests compressor stations of Karpatygaz

Kyiv’s Pechersky district court has arrested seven compressor stations managed by Karpatygaz LLC under the joint operation agreement signed with state-run company Ukrgazvydobuvannia: Khrystyschenska, Yuliyevska (both based in Kharkiv region), Skhidno-Poltavska, Rozpashnivska and Abazivska (all three in Poltava region), Letnianska and Svydnytska (both in Lviv region). According to a court ruling dated November 18, it…


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Ukraine: flour production down in January-October 2016

In January-October Ukrainian flour-milling enterprises produced 1.572 million tons of flour, down by 5% YoY, the State Statistics Service of Ukraine declared.

In particular, the production volumes in October totaled 180 thousand tons, down by 0.4% MoM and by 0.3% YoY. (APK-Inform/Business World Magazine)