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…
DetailsIn 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…
DetailsTurkmenistan 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…
DetailsNational energy company Ukrenergo in January through October cut electricity transmission through the country’s backbone and interstate power grids by 9.5%, or by 9.448 billion kWh, to 90.293 billion kWh, the company’s press service has reported. Over the period under review, the company’s revenue from electricity transmission services grew by 33%, or by 1.368 billion…
DetailsGorkhmaz Aghayev has become a member of the Supervisory Council at the OJSC VTB Bank Azerbaijan, said a message posted on the bank’s website. Earlier, Aghayev worked at AtaBank OJSC, Bank of Baku OJSC, Caspian Development Bank OJSC and Azerbaijan Global Investments, where he served as a legal councilor. Currently the Supervisory Council at the…
DetailsA huge greenhouse complex of 12 ha has been built in Kazakhstan, KazAgro National Holding reported. The official launch of the complex, the largest in the country, is scheduled for early December. The complex is located in the city of Almaty. The project was worth 6.6 billion tenges and was financed by KazAgro’s subsidiary KazAgroFinance.…
DetailsThe Organization for Economic Co-operation and Development (OECD) has revised the real world GDP growth for 2017 by 0.1% as compared to September estimations to 3.3%, according to OECD November Global Economic Outlook. The forecasts for 2016 were kept at 2.9%. In 2015 the world real GDP growth totaled 3.1%. The world GDP growth is…
DetailsUkraine International Airlines (UIA, Kyiv) has expanded its fleet with another Boeing 737-800 NG. According to the press service of the company, the delivery of another airplane was the final stage of the program of the fleet expansion and improving in 2016. The Boeing 737-800 NG produced in 2009 with a passenger capacity of 186…
DetailsShareholders of Azerbaijan’s NIKOIL Bank CJSC will discuss the change of composition of the bank’s Supervisory Board on January 16, 2017. During the shareholders’ meeting to be held in Moscow they will also discuss the change of composition of the bank’s Audit Committee and giving premiums to its members. Currently, NIKOIL Bank’s Supervisory Board is…
DetailsThe Asian Development Bank (ADB) has approved of a $154 million loan to enhance horticulture value chain development in all 12 regions of Uzbekistan and the autonomous region of Republic of Karakalpakstan. “ADB’s support will help increase access to long-term financing for horticulture farmers and enterprises along the horticulture value chain”, Bui Minh Giap, senior…
DetailsThe Antimonopoly Committee of Ukraine (AMC) has allowed ex-Deputy Prime Minister for Social Policy Sergiy Tigipko, the founder and major shareholder of TAS Group, to indirectly acquire Universal Bank (Kyiv) through Bailican Limited (Cyprus). Universal Bank was founded in 1994. The largest shareholder of the bank as of the beginning of 2016 was ERB New…
DetailsBy 2050 the annual production of grain crops in Ukraine will total nearly 90 million tons, including nearly 50 million tons of grains for exports, the advisor to the Minister of Agrarian Policy and Food of Ukraine Vladyslava Rutytska declared. According to her, China will become the main country-importer of Ukrainian grains. Nearly one half…
DetailsAccording to official information, Ukraine exported some 1355.3 KMT of corn in October, up by 3% YoY (1314.8 KMT). Nonetheless, Ukrainian corn exports did lag 3.6% behind 2015 in the first two months of the season. Ukraine supplied 1411.9 KMT of corn to foreign markets in September-October (1465.1 KMT at the same time in MY…
DetailsAccording to Bulgarian Ministry of Agriculture, as of November 17, 760.6 thousand ha of sunflower had been threshed, which was 100% of the plan. 1701 KMT had been threshed with an average yield of 2.24 MT/ha. Harvesting campaign showed better results compared to last year. As of November 17, 14.4 thousand ha of soybean has…
DetailsBelarus 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…
DetailsAzerbaijan Railways CJSC considers it necessary to organize a meeting of working groups to analyze and evaluate the dispatch of test container trains from Mumbai to Russia via Iran and Azerbaijan, Javid Gurbanov, head of the Azerbaijani Railways CJSC, said. “Several test containers were sent from Mumbai to Russia in October. This was the first…
DetailsThe Cabinet of Ministers of Ukraine canceled the ban on blending of grain crops of different grades (adjustments to the Decree of the Ministry of Agrarian Policy No. 661 dated December 13, 2008), the press-service of the Ministry of Economic Development and Trade of Ukraine declared. According to the announcement, due to the action of…
DetailsThe 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…
DetailsAddressing 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…
DetailsAzerbaijan’s Energy Minister Natig Aliyev has cancelled his visit to Vienna, where he planned to take part in the second meeting of the OPEC High-level Committee, established by the Algiers Accord, with non-OPEC oil producing countries, the ministry reported. “The minister has revised his plans for visiting Vienna in connection with the cancellation of this…
DetailsThe 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…
DetailsAs of October 1, the volume of Azerbaijan’s foreign state debt amounted to $7.651 billion (12.403 billion manats), that is, 20.1% of the country’s GDP, Azerbaijan’s Finance Ministry said in a message. The statistics on borrowings includes Azerbaijan’s direct obligations and contingent obligations on the loans, drawn under state guarantee. As of October 1, the…
DetailsThe 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”,…
DetailsA Turkmen delegation presented the country’s transit and transport opportunities at the seaport of Constanta, the Turkmen Foreign Ministry said in a message. According to the message, the embassy of Turkmenistan in Romania and the administration of the port of Constanta were the organizers of the “round table”. The representatives of the seaport of Constanta,…
DetailsIn 2016 Ukraine will keep the trend of increasing of the profitability of soybeans and rapeseed production, the Director of the National Scientific Center “Institute of Agrarian Economics”, Academician of the NAAS Yuri Lupenko declared. According to scientists of the Institute of Agrarian Economics, in the current year the profitability of soybean production will increase…
DetailsTurkmen President Gurbanguly Berdimuhamedov met with OSCE Secretary General Lamberto Zannier in Ashgabat. According to the message, the priority aspect of cooperation is to ensure energy security as an important factor of global sustainable development. “Strengthening of the constructive cooperation with the OSCE is an important priority of Turkmenistan’s foreign policy strategy,” President Berdimuhamedov said.…
DetailsTurkmen President Gurbanguly Berdimuhamedov discussed the further cooperation prospects at the meeting with his Georgian counterpart Giorgi Margvelashvili. Stressing that Georgia played an important role in the integration of the Black Sea and the Caspian Sea, President Margvelashvili confirmed the readiness to act as a reliable partner in the implementation of joint transport projects, the…
DetailsTurkmen President Gurbanguly Berdimuhamedov met with Karlheinz Kopf, the second president of the Austrian National Council, the Turkmen government said in a message. According to the message, Berdimuhamedov and Kopf discussed the issues of cooperation, established in a bilateral format and through big international organizations and authoritative organizations. The sides also exchanged views on the…
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