A new member has joined the liquefied natural gas (LNG) cluster – the Emerson (USA) company became the first international partner of the cluster, Klaipedos Nafta says in a press release. By attracting the international partner, Klaipedos Nafta AB aims to develop cluster competencies and promote the emergence of the small-scale LNG terminals’ management systems…Details
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Kaliningrad region is looking into a possibility of compensating shipping costs when it comes to cargoes delivered by sea to the region from the mainland Russia and back, Vladimir Zhovtun, head of the Transport Development Department at the regional Ministry of Infrastructure Development, said. According to him, this mechanism is already applied to railway transportations…Details
Swedish furniture maker Ikea plans to invest 100 billion rubles in Russia over the next five to seven years, CEO of the Russian division Milen Genchev said. “This amount includes extension of the malls, construction of new stores, and also extension of a distribution center in Yesipovo”, Genchev noted. The official said that Ikea did…Details
Egypt is interested in setting up manufacturing enterprises together with Belarus. The relevant possibilities were discussed during the latest meeting of Ambassador Extraordinary and Plenipotentiary of Belarus to Egypt Sergei Rachkov and Egyptian Assistant Foreign Minister for European Affairs Ihab Nasr, the press service of the Belarusian Ministry of Foreign Affairs reported. During the meeting…Details
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
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