Azerbaijan: Mahan Air to launch flights to Baku

Iranian Mahan Air airline will launch regular flights on Tehran-Baku-Tehran route from October 31, press service of Heydar Aliyev International Airport reported. Azerbaijan State Civil Aviation Administration issued the relevant permission after receiving a request from the airline to perform flights three times a week. Flights are scheduled three times a week on Tuesdays, Wednesdays…

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Russia: Fitch Ratings affirms the credit rating of Domodedovo Airport at ‘BB+’

On September 28, the credit rating of Moscow Domodedovo Airport was affirmed at the same level, which evidences sustainability of the airport’s business model in challenging market conditions. According to Fitch Ratings’ evaluation, the external environment and associated changes have a certain impact on the company, however the removal of a set of limitations will…

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Azerbaijan: export support mechanisms touch only non-oil sector

Mechanisms to support the export of Azerbaijani products will apply only to goods produced in the non-oil sector, head of the Azerbaijan Export and Investment Promotion Foundation (AZPROMO) Rufat Mammadov reported. However, the entrepreneurs, who can benefit from these mechanisms, will face no restrictions. “Export process is quite difficult. First of all, entrepreneurs should have…

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Azerbaijan: electricity output down in January-September 2016

Power plants of the Azerenergy JSC, Azerbaijan’s main electricity producer, generated 16.5 billion kilowatt hours of electricity in January-September as compared to 16.8 billion kilowatt hours generated in the same period of 2015. Azerenergy’s power plants produced about 1.7 billion kilowatt hours of electricity in September. In 2015, Azerenergy produced more than 22.5 billion kilowatt…

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China: list of Russian grain exporters and storages approved

China has approved a list of Russian wheat, corn, rice, soy and rapeseed exporters and grain storage facilities, Russia’s Federal Service for Veterinary and Phytosanitary Oversight said in a statement. According to the document, China allowed imports from about 200 companies from the Omsk, Irkutsk, Novosibirsk, Amur, Sakhalin, Kemerovo, Zabaikalsky, Khabarovsk, Krasnoyarsk, and Primorsky regions…

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Azerbaijan: all North-South project members join cargo transportations

All countries involved in the North-South Transport Corridor project have connected to the cargo transportation process, reads the message of the ADY Express company, logistics operator of Azerbaijan Railways CJSC. The company implemented reception, handling and shipment of three out of five 40-foot universal containers loaded with electrical equipment and spare parts in Azerbaijan’s Astara…

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Ukraine: 100 major grains growing agricultural companies in 2015

36,5 млрд. грн. чистой прибыли заработали в 2015 г. 100 самых прибыльных аграрных компаний, выращивающих зерновые культуры. В прошлом году в Украине собрали 59,96 млн. т зерновых и зернобобовых, что на 6,1% меньше, чем годом ранее (63,8 млн. т), из которых в хозяйствах населения было собрано 23% урожая зерна. На продовольственное зерно пришлось 45,5% валового…

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Ukraine: gas consumption down

Ukrainian President Petro Poroshenko said that the country’s gas consumption fell by 30%. “Now Ukraine is consuming 30% less gas thanks to the mechanisms implemented”, he told students of the Shevchenko National University. He said tariff increases in the country were linked to the fact that Ukraine had gotten rid of dependence on Russian gas.…

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