Business World

The Ganja automobile plant and the Minsk tractor plant may extend the contract for production of the "Belarus" tractors in Azerbaijan until the end of 2018, director of the Ganja automobile plant Kamran Nazarov declared. He noted that the Ganja automobile plant took part in the international exhibition Belagro 2018 in Minsk. Nazarov said at the exhibition negotiations were held with...

Antonov State Enterprise does not intend to resume cooperation with the Russian side for the production and modernization of An-124-100 Ruslan aircraft. "The question of the resumption by the specialists of SE Antonov of mass production of An-124-100 Ruslan aircraft together with the Russian side is not on the table," Antonov press service stated. On the possibility of Russia to independently...

Costs of construction and assembly services in Ukraine rose by 23.4% YoY in January-April. Over the period under review, costs of construction and assembly of civil engineering facilities, as well as commercial buildings and complex industrial facilities increased the most - by 28.1% and by 23.8%, respectively. The lowest increase was recorded in the construction of pipelines, communications, and power...

Eight Georgian companies have won 41 awards at the International Wine and Spirit Competition (IWSC). Georgian companies - Badagoni, Chateau Mukhrani, GWS Winery, Tbilvino, Telavi Wine Cellar, Teliani Valley, Schuchmann Wines, Vaziani Winery - won 11 silver and 30 bronze medals. Last year Georgia got 47 awards at IWSC. The competition is held annually in spring and is divided into two stages:...

Although the crop of peas in Kazakhstan increased substantially in 2017, their exports have started sinking. The reasons include both intensifying competition among exporters of this crop and weaker foreign demand. Kazakhstan exported some 20.2 thousand tons of peas in the first seven months of 2017-2018 (September-March), down 4-fold YoY. Turkey, which has been the main export destination for Kazakh peas...

A total of 275,000 passengers passed through Lennart Meri Tallinn Airport in May, up by 16% YoY. In an increase of 15% on year, since the beginning of the year, Tallinn Airport has served more than 1 million passengers. "Our summer season has had a great start, and a lot of the growth has come from additional holiday passengers," Tallinn...

Last year Ukraine became one of the world's top three major honey exporters, Hanna Burka, a national consultant to the Food and Agriculture Organization of the United Nations (FAO), wrote on Facebook. "China remains the world's leading exporter of honey. Its share in the total exports is 19%. Argentina and Ukraine have almost equal shares of 10%. As a result,...

Ukraine's Central Bank has informed Ukrainian banks that the 100-ruble banknote issued by Russia for the 2018 World Cup shall not be accepted for placing to a bank account or for currency exchange. What is more, a Russia-minted three-ruble coin, which is also related to Crimea, was banned, according to a telegram sent out by the National Bank of...

Azerbaijan needs to increase the yield of pomegranate, Vice-President of the Azerbaijan Export and Investment Promotion Foundation (AZPROMO) Yusif Abdullayev said at an event on June 4. "There is a potential in this area. For example, in Israel, pomegranate is grown on the territory of just 200 hectares, and the yield is more than 60,000 tons, that is 35-40 tons...

Pulp mill developer Est-For Invest board members Aadu Polli and Margus Kohava want the planned EUR 1-billion mill to be built near the town of Tabivere. According to Est-For, the mill should be built in a forest near the town of Tabivere, located 21 km from Central Tartu. "Located deep in the forest, the mill would be neither perceptible nor visible...