Ukraine uses the potential of organic agricultural production by less than 10%, while this sector is promising for the development of small and medium-sized businesses, Agrarian Policy and Food Minister of Ukraine Taras Kutovyi said. “Ukraine has an extraordinary potential for organic production, which today is used by less than 10% of our capabilities. It…Details
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Belarus’ BelAZ heavy-duty truck manufacturer (Zhodino, Minsk region) has designed the MoAZ-65010 dump truck for subsurface mining. The compact dump truck with a 15-ton load capacity has been custom-made for Russia’s OAO Kombinat KMAruda. BelAZ will ship the new truck to the customer in early 2017 for acceptance tests. The truck is 2.1 meters wide…Details
The Belarusian mechanical engineering company Gomselmash has sent the first batch of cotton harvesters to Cameroon, Igor Korotkevich, First Deputy Director of the company’s Regional Sales Department, reported. The harvesters will be delivered to Cameroon in roughly one month. “By that time our specialists will have arrived in Cameron in order to prepare the machines…Details
Belarus endorses the recommendation of the OECD in terms of upgrading SME capacity and has already developed specific measures to implement them, Belarus’ Economy Minister Vladimir Zinovsky said during the roundtable held as part of the OECD Eurasia Week 2016 in Paris. Presenting a set of measures to implement the proposals of the OECD experts,…Details
Public joint-stock company Ukrzaliznytsia seeks to boost capital investment 2.4 times in 2017, to 27.4 billion UAH from 11.2 billion UAH expected in 2016, according to a company presentation shown during the phone conference with investors. According to the document, Ukrzaliznytsia plans to send 46% of funds to purchase property assets, 33% for major construction…Details
The Belarusian-Turkish business council will sit in Minsk in 2017. The matter was discussed at the meeting between Belarus’ Consul General in Istanbul Vladimir Mironovich and Chairman of the Foreign Economic Relations Board of Turkey Omer Cihad Vardan, the press service of the Belarusian Ministry of Foreign Affairs reported. The parties reached an agreement to…Details
Restructuring of Azerbaijan’s financial sector may be completed by the end of 2016, Rufat Aslanli, chairman of the board of directors at the country’s Financial Market Supervisory Authorit, said. “Currently, we aim at completing the restructuring process in the country’s financial sector”, he said. “I think we will be able to complete it until late…Details