Belarus: FEZ Minsk registers composite materials manufacturer

Minsk Free Economic Zone (Minsk FEZ) hosted a resident – NanoComposite, which planned to produce polymer materials with nano particles.

Established in March 1998, Minsk FEZ is now home to 113 resident companies. (Prime-TASS/Business World Magazine)

Ukraine: EBRD strongly supportive of decision to nationalize PrivatBank

President of the European Bank for Reconstruction and Development (EBRD) Suma Chakrabarti has said that the EBRD is strongly supportive of the decision of the Ukrainian government to nationalize PrivatBank and to protect the bank’s depositors, both individuals and businesses. “The nationalization which took place with the cooperation of existing shareholders will be combined with…


Estonia: Tekhnolift to supply EUR 3.378 million worth of equipment for Brest Garbage Plant

Estonia’s Tekhnolift will supply EUR 3.378 million worth of special equipment from European manufacturers for the upgrade of the state-owned company Brest Waste Recycling Factory, a company official reported. They plan to start the upgrade in spring 2017. Brest Waste Recycling Factory has been operating since November 2010, providing sewage water treatment and recycling solid…


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

On December 10-16, Ukraine exported 670.1 thousand tons of grains from the seaports against 635.2 thousand tons on the previous week.

In particular, wheat shipments reached 202.9 thousand tons, corn – 442.4 thousand tons, and barley – 24.8 thousand tons. (APK-Inform/Business World Magazine)

Ukraine: Ukroboronprom to expand cooperation with Defense Ministry under UKRARPA project

The Ukroboronprom State Concern seeks to have tighter cooperation with Ukrainian Defense Ministry under the UKRARPA defense innovation development platform project initiated by the concern. Ukroboronprom Head Roman Romanov said that recently the UKRARPA project was presented to the Defense Ministry and the General Staff. The project was approved by the military. It was decided…


Ukraine: agricultural exports exceed $11 billion in January-October 2016

According to the State Statistics Service, in January-October Ukraine exported agricultural products valued at $11.837 billion, or 40.7% of the general national exports, the Ministry of Agrarian Policy and Food of Ukraine declared. In particular, grain crops ($4.8 billion, or 16.5% of the general agricultural exports), food preparations ($1.9 billion, or 6.4%), fats and oils…


Italy: Honeywell to install SCADA for TAP

Trans Adriatic Pipeline AG (TAP) has selected Honeywell SRL of Italy for the engineering, procurement and installation of its SCADA (Supervisory Control and Data Acquisition) telecommunications and security systems, reads a message posted on the TAP website. “The SCADA and security system will provide integrated, centralized and seamless monitoring and control along the entire 878-kilometer…


Azerbaijan looking for new economic model

Azerbaijan’s economic model covering the last 10 years has proved to be valuable, Shahmar Movsumov, executive director of the State Oil Fund of Azerbaijan (SOFAZ), reported. “Over the last decade, this economic model has turned Azerbaijan into a completely new country and helped create modern infrastructure. However, in the new economic environment this model ceased…


Azerbaijan: number of foreign trade partners up

Some 183 countries became Azerbaijan’s foreign trade partners in January-November compared to 162 countries in the same period of 2015, the country’s State Customs Committee said in a report. According to the report, 13,244 legal entities and individuals (of them 5,226 legal entities and 8,018 individuals) were involved in the country’s foreign economic activities. Azerbaijan’s…