The combined net profit of Russian banks amounted to 537 billion rubles in January-August and it is expected to exceed 700 billion rubles overall in 2016, Deputy Central Bank Chairman Mikhail Sukhov said. He said that the January-August net profit exceeded the central bank’s earlier forecast, which stood at 500 billion rubles. Retail lending declined…Details
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Azerbaijani state oil company SOCAR expects compromise proposals from the Greek government for the successful completion of the deal on acquisition of a stake in Greece’s gas transmission system operator DESFA, Director General of SOCAR Energy Greece Anar Mammadov reported. He said that the new rules for calculating tariffs for gas in Greece would have…Details
Azerbaijan’s state oil company SOCAR has suspended the project for construction of a cogeneration plant – Petkojen – in Turkey due to technical reasons, Anar Mammadov, head of Turkish petrochemical complex Petkim, reported. The plant was meant to provide Petkim and Star refinery with electricity as well as ensure the sale of electricity to Izmir’s…Details
The total turnover of exchange transactions on all instruments at the Baku Stock Exchange exceeded 2.94 billion manat in January-August, down 2.5 times YoY. The volume of the state securities market totaled 350.6 million manat (up 18.3 times), while the turnover of corporate securities market reached 75.21 million manat (down 22.2 times). The volume of…Details
Stena Line opens a new Bordershop in Ventspils. It is another step in Stena Line strategy to offer its customers value for money products. Bordershops, selling cheap alcohol products, is a very attractive concept for Swedish travelers and the aim is to increase the interest for them to visit Latvia. “Ventspils-Nynashamn is an important route…Details
Import of sugar in Kyrgyzstan could be greatly reduced, the press service of the Kyrgyz Ministry of Economy reported. At least 183,200 tons of sugar beet have been harvested in Chui region in 2015. In 2016, this figure is to reach 450,000 tons. “The country does not meet the needs of the population. The share…Details
State unitary enterprise “Tajik Railways” has acquired a modern long-haul locomotive from Kazakhstan. It is the fifth locomotive to be purchased in Kazakhstan by the railroad of Tajikistan in recent years. In addition, in Estonia sold a diesel train, equipped with German engine, consisting of six cars. Two cars of diesel trains have 68 seats…Details