Belarusian 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…Details
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Ukrainian 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…Details
In 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…Details
Turkmenistan 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…Details
National energy company Ukrenergo in January through October cut electricity transmission through the country’s backbone and interstate power grids by 9.5%, or by 9.448 billion kWh, to 90.293 billion kWh, the company’s press service has reported. Over the period under review, the company’s revenue from electricity transmission services grew by 33%, or by 1.368 billion…Details
Gorkhmaz Aghayev has become a member of the Supervisory Council at the OJSC VTB Bank Azerbaijan, said a message posted on the bank’s website. Earlier, Aghayev worked at AtaBank OJSC, Bank of Baku OJSC, Caspian Development Bank OJSC and Azerbaijan Global Investments, where he served as a legal councilor. Currently the Supervisory Council at the…Details
A huge greenhouse complex of 12 ha has been built in Kazakhstan, KazAgro National Holding reported. The official launch of the complex, the largest in the country, is scheduled for early December. The complex is located in the city of Almaty. The project was worth 6.6 billion tenges and was financed by KazAgro’s subsidiary KazAgroFinance.…Details