The European Union (EU) and Azerbaijan’s Taxes Ministry have successfully completed the implementation of a joint twinning project on improvement of human resources management, the country’s Deputy Taxes Minister Sahib Alakbarov said. The twinning project’s implementation was carried out jointly with taxes administrations of the EU, France and Spain. “This project has become a successful…
DetailsAzerbaijan’s GDP amounted to 49.2 billion manats in January-October, down by 3.7% YoY, the country’s finance minister Samir Sharifov said. He made the remarks during a discussion on the draft state budget and the concept of social and economic development for 2017 and the next three years. The discussions on the draft state budget at…
DetailsAccording to Kazakh statistics committee, stocks of grains and legumes at all the enterprises as of November 1, were 18.84 MMT against 17.75 MMT on the same date in 2015 (+6.1%). Wheat stocks increased by 2.3%, to 15 MMT, which included 12.88 MMT of milling wheat and 978.9 KMT of feed wheat, 1149.2 KMT for…
DetailsIn the current year the market of domestic consumption of organic products in Ukraine will grow by 17.6% and exceed the level of 20 million EUR, against 17 million EUR last year, the Head of the Organic Federation of Ukraine Eugene Milovanov declared. According to him, Ukraine has more than 210 certified organic small- and…
DetailsIn a statement delivered at the Water Summit 2016 in Budapest, Tajik President Emomali Rahmon noted that the government of Tajikistan was continuously focused on the issues of effective use of water resources, water loss reduction, water quality improvement and reduction of water resources pollution. “To that end, the Water Sector Reform Program (2016-2025) approved…
DetailsThe Asian Development Bank approved of a $154 million loan to improve horticulture in Uzbekistan. “ADB’s support will help to expand access to long-term financing for farmers engaged in horticulture, and businesses involved in the supply chain in the field of horticulture”, Bui Minh Ghaip, senior economist for natural resources and agriculture at Regional Department…
DetailsA state-owned stake of 99.9945% of the Ukrainian Bank for Reconstruction and Development (UBRD, Kyiv) has been sold at the starting price of 82.827 million UAH, Ukraine’s State Property Fund (SPF) has said. The fund received a bid only from one buyer and the shares could be sold at the price proposed to the buyer,…
DetailsPrime Minister of Ukraine Volodymyr Groysman has stated that Ukrainian aviation industry could both produce components for aircraft independently and buy them in other countries, but not from the Russian Federation. “As for components, we can approximate localization to a maximum of 100%, as well as now we have the possibility of buying components not…
DetailsContrary to wheat or flour, barley exports from Kazakhstan started the new season at the slowest pace in the last three years. Kazakh exporters supplied 28.5 KMT of barley to foreign markets in September, down by 58.5% YoY (68.6 KMT). In the first month of the season Iran was still the biggest importer of barley…
DetailsPJSC Ukrzaliznytsia will submit to the relevant ministries and agencies the issue of raising tariffs for passenger transportation by 35% in two stages: by 16% in the first quarter of 2017 and by 16% in the fourth quarter of 2017. According to the company press service, fares in first and second class wagons of Intercity+…
DetailsAs of November 1, the regulatory capital of Belarusian banks totaled Br8.38 billion, up by Br534.6 million or by 6.8% since the beginning of the year, according to the latest statistics report released by the National Bank of the Republic of Belarus (NBRB). The sufficiency level of the regulatory capital in the Belarusian banking industry…
DetailsIn 2015 Belarus’ state budget received the equivalent of $495 million thanks to the redistribution of import customs duties, Alexander Kurlypo, Head of the Central Office for Budget and Finance Control of the State Control Committee of Belarus, reported. The official underlined that as the agency in charge of distributing import customs duties as well…
DetailsThe European Parliament and the Council of the European Union will speed up the provision of additional autonomous trade preferences to Ukraine, which will increase the quotas for duty-free imports of a wide range of Ukrainian goods to the EU, the Deputy Minister of Economic Development and Trade of Ukraine – Trade Representative of Ukraine…
DetailsKyiv’s Pechersky district court has arrested seven compressor stations managed by Karpatygaz LLC under the joint operation agreement signed with state-run company Ukrgazvydobuvannia: Khrystyschenska, Yuliyevska (both based in Kharkiv region), Skhidno-Poltavska, Rozpashnivska and Abazivska (all three in Poltava region), Letnianska and Svydnytska (both in Lviv region). According to a court ruling dated November 18, it…
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In January-October Ukrainian flour-milling enterprises produced 1.572 million tons of flour, down by 5% YoY, the State Statistics Service of Ukraine declared.
In particular, the production volumes in October totaled 180 thousand tons, down by 0.4% MoM and by 0.3% YoY. (APK-Inform/Business World Magazine)
As of November 28, Ukrainian agrarians harvested 62.073 million tons of grains throughout the areas of 13.679 million ha, or 95% of the plan. The average yield totaled 4.54 ton/ha, the Ministry of Agrarian Policy and Food of Ukraine reported. At the same time, on the same date last year the production volumes reached 59.9…
DetailsEmployees 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…
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