Russia: FATA resumes flight servicing of Turkmenistan Airlines

On September 16, on completion of the Eid al-Fitr celebration, as soon as the banking day was opened in Turkmenistan, Turkmenhowayollary (Turkmenistan Airlines) transferred cash to the accounts of the Russian air navigation service provider, FSUE “State ATM Corporation” for services previously rendered in full. All restrictions on Turkmenistan Airlines’ flights in Russian airspace have…

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Estonia: Tallinn rated second most attractive cruise destination in the Baltic Sea region

Estonia’s capital Tallinn was named a Top-Rated Baltic & Scandinavia Cruise Destination in Cruise Critic’s first-ever Cruisers’ Choice Destination Awards. According to the Cruise Critic’s consumer feedback submitted on the Cruise Critic website over the past year the top 5 destinations of the Baltic Sea region are: 1. St. Petersburg; 2. Tallinn; 3. Stockholm; 4.…

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Belarus: Belarusbank teams up with Roseximbank to finance supplies of high-tech products

OAO Belarusbank jointly with Russia’s Roseximbank will provide special-terms financing for supplies of high-tech products from Russia to Belarus, the Belarusian bank said in a press-release. Operating as part of Russian Export Centre Group, Roseximbank has been financing Russia’s high-tech products facilitation program since 2015. The banks will provide documentary credit financing in support of…

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Belarus: GDP down in January-August 2016

Belarus’ gross domestic product (GDP) reduced by 3% YoY in January-August to 60.8 billion Belarusian rubles ($31.1 billion at the central bank’s exchange rate), an official with Belarus’ National Statistics Committee reported. Industrial output in January-August fell by 1.8% YoY to Br51.5 billion ($26.3 billion). Farm output reduced by 2.2% to Br8.4 billion ($4.3 billion).…

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Russia: nearly 90 million tons of grains harvested

As of September 1, the general production of spring grains and pulses in Russian agricultural organizations reached 88.7 million tons in bunker weight, up by 25.6% YoY, the Federal State Statistics Service of the Russian Federation (Rosstat) announced. The agricultural organizations, which concentrated 67.9% of the whole planted areas under grains and pulses (excluding corn),…

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Russia: Aeroflot to remain in Moscow’s hands until at least 2020

Aeroflot will remain under majority Russian government control until at least 2020, Oksana Tarasenko, the Director of the Corporate Governance Department in Russian Ministry of Economic Development, reported. In February the carrier was touted as a possible candidate for privatization after Moscow announced plans to sell off various state-owned corporations and shareholdings in a bid…

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Ukraine: UIA launches Lviv-Vilnius flight

On September 16, Ukraine International Airlines (UIA, Kyiv) serviced its first direct regular flight between Vilnius and Lviv. The press service of the airline reported that new flights connecting Lviv and Vilnius would be serviced twice a week using Boeing-737 and Embraer-190 planes with business and economy classes. Until October 12, UIA offers tickets from…

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Azerbaijan: SOCAR to diversify its financial channels

Azerbaijan’s state oil company SOCAR intends to diversify its financial channels, the company’s president Rovnag Abdullayev reported. He made the remarks during the presentation of SOCAR bonds for Azerbaijani citizens. Abdullayev pointed out that SOCAR was implementing a new strategy to strengthen its positions at the international level. Eurobonds have been issued successfully, he said,…

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Azerbaijan: SOCAR to ink contract on prospective structure in Caspian

Azerbaijan’s state oil company SOCAR and Malaysia’s Petronas signed a memorandum of understanding on exploration, development and production of hydrocarbons at a block in the prospective offshore structure Goshadash, SOCAR said in a message. The Goshadash structure is located in the North-Western part of the Absheron archipelago in the Azerbaijani sector of the Caspian Sea.…

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