Employees of the state-run enterprise Zorya-Mashproekt (Mykolaiv) have sent an open letter to Ukrainian Prime Minister Volodymyr Groysman asking him to personally control the signing of contracts with the winners of the tender of public joint-stock company Ukrtransgaz to modernize three compressor stations in Ukraine valued at 4.12 million UAH by the due date. “The…
DetailsAzerbaijan Airlines CJSC (AZAL) plans to establish air service with the Russian Volgograd and Astrakhan cities, as well as with the cities of Russia’s Far East, AZAL Vice President Eldar Hajiyev said. Hajiyev said these plans were reflected in the company’s program that covered the period of up to 2021. As of now, AZAL is…
DetailsIn the course of the regular auction held by Azerbaijan’s State Committee on Property Issues on November 29, 19 state property units have been sold as part of a new privatization program. Three small state property units and one unused non-residential area of the privatized objects are located in Baku, one facility is located in…
DetailsKazakh national gas transportation operator KazTransGas built a booster compressor station at the connection TIP-02 between the main gas pipeline “Bukhara gas-bearing region-Tashkent-Bishkek-Almaty” and “Kazakhstan-China”, the company said in a message. The new booster compressor station located in Zhambyl region will allow to have gas pumping between these pipelines, despite different design pressures. This is…
DetailsAn ad hoc working group being created in the government would draw up a program on restoration of Ukrainian aviation industry for the medium term outlook. The document is to be approved by Ukraine’s Cabinet of Ministers in early 2017. The press service of the government reported that the decision was made after a meeting…
DetailsAzerbaijan and Mexico are successfully cooperating in trade, Mexican ambassador to Azerbaijan Rodrigo Labardini said at a press-conference in Baku on November 29. Labardini recalled that the Azerbaijani embassy opened in Mexico in 2007, while the Mexican embassy in Azerbaijan launched its activity in 2014. The ambassador said that the opening of diplomatic missions contributed…
DetailsAn auction for placement of short-term notes worth 75 million manats of Azerbaijan’s Central Bank will be held at the Baku Stock Exchange (BSE). Some 750,000 notes at a par value of 100 manats each and maturity period of 28 days will be put up for auction. The maturity date of the notes is December…
DetailsUzbekistan plans to start a large-scale liberalization of its exchange rate policy in 2017 in accordance with the draft decree of the Uzbek president. The draft decree was developed by the Central Bank and was promulgated for discussion on the Uzbek single portal of interactive state services. One of the main lines of the new…
DetailsImplementing the defense industry reform Ukroboronprom State Concern has started preparing for corporatization of its enterprises. The press service of the concern reported that plans and corporatization schedules of the first five Ukroboronprom member enterprises, including Antonov State Enterprise and 410 Civil Aviation Plant (both based in Kyiv), had been approved by the Economic Development…
DetailsAzerbaijan Airlines CJSC (AZAL) intends to fly two million passengers till late 2016, Eldar Hajiyev, AZAL vice-president, said. “AZAL transported 1.7 million passengers in 2014, 1.8 million in 2015”, he added. Hajiyev added that at present, AZAL fleet consisted of 23 aircraft and the number of aircraft was expected to be increased by 12 in…
DetailsAzerbaijan Airlines CJSC (AZAL) will increase the number of regular flights from Baku to Moscow. Two flights will be carried out daily from the Heydar Aliyev International Airport to Moscow Vnukovo airport from March 2017. The corresponding agreement was signed by AZAL Vice-President Eldar Hajiyev and Vnukovo airport Director General Vasily Alexandrov in Moscow on…
DetailsThe European Union is committed to further improve nuclear safety worldwide and will continue to work with Ukraine and other international donors to ensure that projects in Chornobyl are brought to a successful conclusion. “Nuclear safety was and remains a very serious matter that deserves our continuous international attention and action to prevent any further…
DetailsThe National Bank of Ukraine (NBU) intends by 2018 to transfer to a new model of banking supervision, which will be based on a risk-based approach, a source in the banking circles reported, with reference to NBU Deputy Head Yekateryna Rozhkova, during the regulator’s traditional meeting with bank representatives. According to the report, the new…
DetailsDuring 9 months of 2016 Kazakhstan supplied 1.6 million tons of flour to foreign markets, up by 36.2% YoY, the monitoring agency Energyprom.kz reported. In particular, Kazakhstan exported 40.8% of the general flour volumes to the CIS countries (654 thousand tons), including 80.3% of the volumes to Uzbekistan (525 thousand tons). Kazakhstan exported the remaining…
DetailsThe division of the State Fiscal Service fighting capital outflow via transfer pricing should be expanded and reinforced, Finance Minister Oleksandr Danyliuk has said. “This is one of the spheres where the State Fiscal Service should work more. Instead of developing this sphere they reduced the transfer pricing division. I want the division expanded and…
DetailsBelarusian Deputy Minister of Foreign Affairs Evgeny Shestakov met with Uruguay’s Deputy Minister of Livestock, Agriculture and Fisheries Enzo Benech and Executive Director of Uruguay XXI Antonio Carambula to discuss possible supplies of agricultural equipment for small and medium-sized Uruguayan farms, the press service of the Belarusian Ministry of Foreign Affairs reported. “The parties discussed…
DetailsUkraine as of November 25, had threshed 61.6 million tons of grain and leguminous crops from 13.6 million ha (95% of the forecast). According to the press service of the Agricultural Policy and Food Ministry, with the forecast being 5.9 million ha sunflower has been harvested from an area of 5.87 million ha (99%) in…
DetailsThe Belarusian national electrical company Belenergo and the Czech-Belarusian Chamber of Commerce and Industry signed a memorandum of understanding in Prague, the website of the Belarusian Energy Ministry reported. The memorandum provides for enabling conditions conducive to the development of foreign economic contacts, establishment, maintenance and development of business ties and contacts between Belenergo’s enterprises…
DetailsThe United Nations Development Program (UNDP) will buy medicines under 17 state-funded programs for $48.5 million using 2016 budget funds. The first batch will arrive soon, UNDP Coordinator Zafar Yuldashev has said. “We have held tenders under two programs and signed contracts saving $3 million. Soon the medicines will be supplied”, he said. UNDP reported…
DetailsIndustrial recession in Belarus is over, Vice Prime Minister Vladimir Semashko said. “I am happy that we have survived through the crisis. I can see that the recession is over. Today the Industry Ministry is posting a 3% growth. We plan to reach the growth of 11.3% next year”, Vladimir Semashko noted. “The machine-building industry…
DetailsA strategy of a sustainable multimodal transport corridor from Europe to China was suggested by the Chairman of the Council of the Republic of the National Assembly of Belarus Mikhail Myasnikovich at the UN Global Sustainable Transport Conference in Ashgabat. At the plenary session Mikhail Myasnikovich suggested a complex development strategy for a sustainable multimodal…
DetailsBelarusian equipment is absolutely competitive, Belarus’ Deputy Prime Minister Vladimir Semashko said. “In terms of the price-quality-maintenance ratio, our equipment is absolutely competitive”, Vladimir Semashko said. He noted that over the past seven years, Belarus had produced agricultural machinery to the tune of $23.7 billion. “Of this amount, $7.9 billion worth of equipment was produced…
DetailsUkrainian Prime Minister Volodymyr Groysman has said that the full-featured energy market is being created in Ukraine. “The market is competition, including competitive prices for consumers. The creation of the full-featured energy market, growth of own gas production, introduction of energy efficiency and the increase of budget revenue received from state-run companies – all these…
DetailsIn view of recommendations of the International Monetary Fund (IMF) Belarus is considering ways to introduce the International Financial Reporting Standards (IFRS) at major state-run enterprises. The statement was made by Belarusian Deputy Finance Minister Dmitry Kiyko. The law requires a number of Belarusian enterprises to present annual consolidated reports in accordance with the International…
DetailsTurkmenistan has joined the Intergovernmental Agreement on the Trans-Asian Railway Network, Intergovernmental Agreement on the Asian Highway Network, as well as the Intergovernmental Agreement on Dry Ports, the country’s Oil and Gas Complex said in a message. Meanwhile, the country has joined the International Convention on the Harmonization of Frontier Controls of Goods, according to…
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