The prolongation of a freeze of the accumulative part of Russian pension savings into 2017 will mean abolishment of this system, which is a bad sign for the market and citizens, and the Economic Development Ministry offers a partial unfreeze of the pensions, Deputy Minister Oleg Fomichyov announced. The government froze the accumulative part of…Details
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FESCO Transportation Group and Rusagro Group have signed an Agreement of intent to arrange a special-purpose technology based on the Vladivostok Commercial Sea Port (part of FESCO Group) infrastructure to handle export agricultural products, FESCO says in a press release. The agreement is intended to optimize the supply logistics of Rusagro goods to the Asia…Details
Bulgaria is interested in exporting a wide range of products to Azerbaijan, Bojidar Loukarsky, Bulgarian minister of economy, said. He added that the issue was pharmaceutical products and medical equipment, clothing, food and other agricultural products, building constructions, as well as the construction of mini-plants for vegetable and fruit processing, etc. “Bulgaria is greatly interested…Details
Azerbaijan appreciates Bulgaria’s constructive stance regarding prevention of any unlawful acts, including attraction of the Bulgarian capital and resources to Azerbaijan’s occupied territories, the country’s Minister of Transport Ziya Mammadov said. “This year, the Foreign Ministry of Azerbaijan has submitted a report on the illegal economic and other activities in the occupied territories of Azerbaijan…Details
Bulgaria confirms great interest in the implementation of the Southern Gas Corridor project, designed to transport Azerbaijani gas to Europe, Zhecho Stankov, Bulgarian deputy energy minister, said. Stankov made the remarks at the meeting of the Azerbaijani-Bulgarian intergovernmental commission on economic cooperation in Baku on September 29. (Trend/Business World Magazine)Details
China’s petrochemical company Xinjiang Beiken Energy Engineering Stock Co., Ltd has opened its office in Azerbaijan. The company registered its office through the “single window” system of the Ministry of Taxes. The Chinese company’s official representative in Azerbaijan is an Australian citizen Gao Yang. Xinjiang Beiken Energy Engineering Stock Co., Ltd is based in Karamay,…Details
As of September 29, agricultural organizations of Belarus planted winter grain crops throughout 1.12 million ha, or 83.4% of the plan, the Ministry of Agriculture and Food declared. Also, agrarians continued the harvesting campaign. In particular, Belarus harvested 197 thousand tons of corn for grain throughout the areas of 26.7 thousand ha (15.1%). The average…Details