Belarus: Belarusian-made equipment absolutely competitive

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

Ukraine: full-featured energy market being created

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

Belarus: ways to introduce IFRS at major state-run enterprises under consideration

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 joins agreement on Trans-Asian Railway Network

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

Belarus and Slovakia to cooperate in nuclear energy

Belarus and Slovakia intend to cooperate in power engineering, pharmaceutics, and petrochemical industry. The relevant agreement was reached during the meeting of Prime Minister of Belarus Andrei Kobyakov and Prime Minister of Slovakia Robert Fico on November 25. Cooperation in woodworking, information technologies, agriculture, and tourism also looks promising. Andrei Kobyakov reported that a large…

Details

Azerbaijan to support all North-South corridor members

The Azerbaijani government is ready to assist all participants of the international North-South transport corridor in every way possible, Sahil Babayev, Azerbaijan’s deputy economy minister, said. “Azerbaijan, being a member of such multimodal projects as North-South and West-East transport corridors, sees itself as a regional hub. Logistics and infrastructure development is necessary for development of…

Details

Azerbaijan: railways on priorities until 2019

Addressing the International Rail Business Forum titled “Strategic Partnership 1520: Caspian region”, Head of Azerbaijan Railways CJSC Javid Gurbanov spoke about priorities of the company’s activities. The priority directions of the activity of Azerbaijan Railways CJSC for 2017-2018 includes the development of the North-South transport corridor, renewal of infrastructure from Yalama to Astara in order…

Details

Ukraine: agriculture ministry launches pilot projects to improve grain quality

The Ukrainian Agrarian Policy and Food Ministry is launching a pilot project, initiated by the International Finance Corporation, to improve the quality of grain in Mykolaiv, Odessa, Kirovohrad and Poltava regions. Ukrainian Grain Association (UGA) President Volodymyr Klymenko has stated this at a press conference. “The International Finance Corporation (IFC) works for grain quality. The…

Details

Turkmenistan: Ashgabat and Vienna aim at expanding co-operation

The issues of strengthening cooperation in politics, economy and culture have been discussed during the meeting with the Austrian Ambassador to Turkmenistan Gerhard Sailler in Ashgabat, the Turkmen Foreign Ministry said in a message. “The issues on cooperation within international organizations, primarily the UN, EU and OSCE, were highlighted among the priority areas of cooperation”,…

Details