Amsterdam-based VimpelCom Ltd. has allegedly agreed to sell its tower bases in Russia to local company Russian Towers, winner of the tender, and the deal’s future will be settled at a meeting of VimpelCom Ltd.’s board of directors, scheduled for the end of September. A person close to VimpelCom Ltd. confirmed that the process of…Details
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Azerbaijan’s state oil company SOCAR doesn’t exclude the possibility of issuing bonds in the country’s national currency – manat – in the future, SOCAR President Rovnag Abdullayev reported. Abdullayev said that among the population there was an increasing interest in dollar-denominated bonds issued on September 20, totaling $100 million with a par value of $1,000…Details
Azerbaijani state oil company SOCAR has commissioned a modern center for drilling waste management in Garadagh district of Baku. SOCAR President Rovnag Abdullayev, BP Regional President for Azerbaijan, Georgia and Turkey Gordon Birrell and representatives of SOCAR management took part in the opening ceremony. The total area of the center is 40 hectares with the…Details
Silk Way West Airlines opened direct cargo flights between Baku and the largest transportation hub in the United States – Chicago (Illinois). The first flight from Heydar Aliyev International Airport to O’Hare International Airport was carried out on September 18. Starting from October, regular transatlantic flights of Silk Way West Airlines on this route would…Details
Russian retailers and mobile operators are satisfied with the start of sales of Apple’s new iPhone 7 and 7 Plus on September 23, and demand is twice as much as it was a year ago for the previous model, spokespeople for sellers reported. “We’re happy with the results of first sales of the iPhone 7…Details
There is a chance that oil producing countries will reach an oil output freeze agreement in Algeria, Deputy Prime Minister Arkady Dvorkovich said. “We are holding a dialogue with our partners in OPEC and outside OPEC. The energy minister will discuss these issues with his colleagues in Algeria. We have already expressed earlier our readiness…Details
Last week Russian wheat decreased in price on the export market. 12.5% milling wheat price lost in average $2/MT. Prices were pressured by CBOT tendency as well as by continuing wheat ergot story with Egypt. Decline in prices was seen also in feed wheat market. Over the week export prices for feed decreased in Novorossiysk…Details