The trade turnover between Azerbaijan and the US has been growing this year, Azerbaijani Deputy Minister of Economy Sahil Babayev declared on October 16. “The trade turnover between Azerbaijan and the US amounted to $416 million in January-August, which is by 7% more than in the same period of 2016,” he said. “Of course, this…Details
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Ukraine is negotiating with the International Monetary Fund (IMF) the formula of calculating gas prices for domestic consumers before the complete liberalization of the market, Ukraine’s Minister of Finance Oleksandr Danyliuk has said. “We need to find a formula that will determine the price of gas for the period until the full liberalization of the…Details
The Supreme Court of Ukraine has upheld court decisions obliging ex-owner of the insolvent Delta Bank Mykola Lahun to compensate UAH 4 billion, or $150 million, in favor of the state-run Oschadbank, according to the latter’s press service. The case concerns Delta Bank’s failure to fulfill obligations under two contracts of 2010 related to the…Details
An association of tea producers and exporters will be established in Azerbaijan, Rufat Mammadov, head of the Azerbaijan Export and Investment Promotion Foundation (AZPROMO), said. “We are working on this and an association will be established soon,” he added. “Moreover, we are working to establish associations of producers and exporters of date and tobacco.” Sectoral…Details
Juice and sauce producer Orkla Foods Latvija owned by the Norwegian conglomerate Orkla Group is investing 122 thousand euros in a new production line and in the development of new product-packaging design. Representatives of the firm unveiled: “In the factory located in Spilve, Babites novads, works have been launched to install a new production line.…Details
Construction work on the runway and taxiways of Tallinn’s airport have been concluded that made it necessary to occasionally close it during the night hours. The works lasted for two years. A new beaconing and lighting system is entering operation that is both environmentally friendly and corresponds to the current development level of the technologies…Details
In January-September the Port of Tallinn handled 14.25 million tons of cargo, down by 9.2% YoY. According to the Port Authorities, transshipment of containers climbed by 5.5%, to 157,050 TEUs. Transshipment of general cargo grew by 18.5%, to 509,200 tons, dry bulk cargo – by 5%, to 2,857,200 tons, liquid bulk cargo dropped by 27%,…Details