China’s investments into the construction of multi-storied apartment buildings in Belarus in 2016-2017 will total 700 million yuan (RMB), Belarus’ Vice Minister of Architecture and Construction Alexander Kruchanov said in a statement. According to him, Belarus is currently short of finance for housing construction and China’s gratuitous aid will somehow improve the situation. Chinese investors…Details
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Russia: Caspian flotilla ships perform artillery firing missions within the “Caucasus-2016” exercise
The Caspian flotilla ships Volgodonsk and Makhachkala within the strike grouping have performed artillery firings in the assigned zones of the Caspian Sea at the strategic command-and-staff exercise “Caucasus-2016”, the press center of RF Defense Ministry reported. The ships also repelled attacks of simulated enemy surface ships. Besides that crews practiced air defense in movement…Details
Freight volume handled in the Port of Liepaja in January-August declined by 0.4% YoY, to 3,353,000 tons, the Port Authority reported. In the reporting period grain shipments rose by 5.3% to 1,572,600 tons, construction materials dropped by 16.7% to 329,200 tons, timber was down by 37.8% to 227,900 tons, crude oil – up by 9.2%…Details
The Belarusian Potash Company (BPC) shipped 1.1 million tons of potash fertilizers to foreign customers in August, a BPC representative reported. All in all, BPC exported 5.8 million tons of potash (gross weight) in January-August. The BPC says the global potash fertilizer market is gradually getting back to normal on reports about new contracts made…Details
77% of the preparatory work for starting the delivery of Azerbaijani gas in 2018 as part of the Stage 2 of the Shah Deniz field’s development has been completed, BP Regional President for Azerbaijan, Georgia and Turkey Gordon Birrell said. Gas will be delivered to Turkey in 2018 via the Trans-Anatolian Natural Gas Pipeline (TANAP)…Details
The capacity of Belarus’ automobile tire market is likely to reduce slightly in 2016, Belarus’ tire manufacturer Belshina said in a statement. Belarus’ tire market grew to 1.4 million units in H1 2016, including passenger car tires – 67.3% (down by 2,7% since early 2016), truck tires – 16.5% (up by 1.5%), farming machinery tires…Details
Belarus’ largest cement producer OAO Krasnoselskstroymaterialy has implemented a new cement drying technology based on burning dried, cut and separated peat, the Energy Ministry of Belarus reported. The new fuel will save the cement producer an estimated $2.5-3 million. In 2015 the company started using peat in the framework of an import substitution project. In…Details