China’s CNBM has completed the registration of ownership rights to the 10 largest solar power plants in Ukraine with a total capacity of 267 mW, Director General of China’s CNBM New Energy Engineering Co., Ltd. Yongzhi Chen has said. Commenting on the recent news about the acquisition of Neptun Solar incorporated into Activ Solar, he…
DetailsBurkina Faso is interested in development of mutual relations with Azerbaijan, in particular, in energy sphere, President of Burkina Faso’s parliament Salifou Diallo said. Diallo made the remarks during his meeting with Azerbaijani delegation led by the country’s Energy Minister Natig Aliyev in Burkina Faso’s capital of Ouagadougou. Azerbaijan’s state oil company SOCAR said that…
DetailsBellesbumprom companies have increased the export to Turkey by more than 30% in January-September, the spokesperson for Bellesbumprom Concern Ruzhena Novitskaya reported. “The foundation of our trade and economic relations was laid during the visits of the chairman of Bellesbumprom Concern to Turkey who took part in the Belarusian Investment Forum in Istanbul in November…
DetailsBelarus’ BelAZ heavy-duty truck manufacturer (Zhodino, Minsk region) shipped 14 BelAZ-7547 trucks for open-cast mining operations with a load capacity of 42-45 tons to customers in Russia’s Central and Ural districts, BelAZ said in a release. The shipments were facilitated by Russia’s National Non-metallic Company and BelTransLogistic Ltd. BelAZ made a three-year partnership deal with…
DetailsThe economic efforts made by the Belarusian Government and the National Bank over the past two years have been effective, Belarus’ Deputy Economy Minister Dmitry Krutoy said when speaking at the 11th international conference on Eurasian economic integration in Moscow. “In recent years a consensus has been reached in Belarus on the main objective which…
DetailsBelarus hopes to set up assembly plants for its MTZ and Amkodor vehicles in Turkey, Belarus’ Minister of Foreign Affairs Vladimir Makei said. “We believe that the level of our relations with Turkey should be much higher. We should enter a level of industrial cooperation to implement joint mutually beneficial projects in different countries, set…
DetailsBelarus’ energy concern Belenergo will spend $49.5 million in 2016 to purchase electric energy produced by power generating facilities, which use renewable energy sources, a Belenergo official reported. Belarus’ green power generating facilities will produce an estimated 281.8 million kWh of electric energy in 2016 Belenergo’s tariff on electricity produced by power generating facilities, which…
DetailsThe total value of transactions with farm products settled at OAO Belarusian Universal Commodity Exchange (BUCE) in January-October stands at Br382 million ($200 million), up by 31% YoY. The best-selling product on the domestic market was oil seed coarse meals – 170,000 tons worth Br124 million ($64.9 million); supplies of corn and fodder supplements to…
DetailsDevelopment of the agricultural sector is the priority direction for Azerbaijan. In the nearest future, it is planned to completely provide the domestic needs in grains, and develop the export potential, the President of Azerbaijan Ilham Aliyev declared. According to him, the country does not have large-scale land areas. Therefore, Azerbaijan will rationally use every…
DetailsA group of professionals not representing government officials intend to draw up a list of possible investment projects in Ukraine worth $150 billion. The projects could be implemented in Ukraine in the coming 15-20 years, former head of the Presidential Administration and head of the National Investment Council Borys Lozhkin has said. “There are no…
DetailsAzerbaijan will hold a conference to lure investments to the real estate sector, as well as to attract foreign companies to the privatization process in the country. The conference titled ‘Real Estate Sector Investment’ will be held in Baku on November 23, Shamil Shirinov, head of strategic planning, innovation, monitoring and analysis department of the…
DetailsUkraine’s An-225-Mriya heavy transport aircraft is ready to fly again after repairs. The Antonov State Enterprise on November 10, said the aircraft caught on fire at Lepipzig airport (Germany) for 15 or 16 seconds. The engines were inspected and repairmen replaced a leaky valve. The aircraft and engines were not damaged. “It is permitted to…
DetailsThe next auction on state property privatization will be held on December 13, the State Property Issues Committee of Azerbaijan said in a message. The auction will take place at the center for holding auctions of the State Property Issues Committee of Azerbaijan. As many as 101 state property facilities will be put up for…
DetailsUkraine is ready to increase the shipment volumes of grains, flour, vegetable oils, dairy and meat products, sugar, confectionery products, organic products to Palestine, the Minister of Agrarian Policy and Food of Ukraine Taras Kutovyi declared during a meeting with the Minister of Agriculture of Palestine Sufian Sultan. Sultan said that Palestine was interested in…
DetailsIn 2016 Kazakhstan will increase the volume of investments to the agro-industrial complex by 56%, the Minister of National Economy of the Republic of Kazakhstan Kuandyk Bishimbayev declared. The volume of agricultural production increased by 4.9%, including plant-growing products – by 12%, livestock products – by 2.3%. Stable results in the agricultural industry were caused…
DetailsGross inflows of foreign direct investment grew in Kazakhstan in the first half of 2016, Kazakh Investment and Development Ministry reported. Direct investment hit $9.3 billion in this period, up by 25.8% YoY, Investment and Development Minister Zhenis Kasymbek said at the government meeting. According to the minister, as much as 60% of these investments…
DetailsOn November 7-13, Ukraine exported 463.3 thousand tons of grains from the seaports, against 835.9 thousand tons on the previous week.
In particular, wheat shipments reached 101.7 thousand tons, barley – 74.3 thousand tons, and corn – 287.3 thousand tons. (APK-Inform/Business World Magazine)
As of November 11, Ukrainian agrarians harvested 58.441 million tons of grains throughout the areas of 13.176 million ha, or 92% of the plan. The average yield totaled 4.44 ton/ha, the Ministry of Agrarian Policy and Food of Ukraine reported. At the same time, on the same date last year the production volumes reached 58.8…
DetailsDue to predominantly below-normal temperatures, winter crops faced bad weather conditions for their growth and development in October. In most of the country, the accumulated sum of effective degree-days was lower than in October 2015 when winter crops were also exposed to warmth shortages. Winter crops stopped active growth one or two weeks ahead of…
DetailsThe 26th meeting of the Trade and Transport Facilitation (TTF) Project Steering Committee of the GUAM Organization for Democracy and Economic Development will be held in Azerbaijan, the country’s State Customs Committee said in a message. The decision was made during the 25th meeting of the committee in the city of Lviv, Ukraine. At the…
DetailsAzerbaijan’s Financial Market Supervisory Authority has presented a map of bank branches and offices in top tourism destinations in the country. Besides Baku, the map also covers main tourism regions of Azerbaijan – Ganja, Guba, Gabala and Shaki. The bank branches that operate around-the-clock and on weekends are highlighted on the map. The map was…
DetailsA meeting between the Azerbaijan Caspian Shipping CJSC and a delegation of Iran’s Ports and Maritime Organization was held in Baku. During the meeting, the sides noted necessity to develop cooperation in navigation. Jabbar Jalilian, head of the Iranian delegation, expressed confidence in the capacity to implement joint projects with the Azerbaijani company. The parties…
DetailsTrade turnover between Azerbaijan and China increased by 56% YoY in the nine months of 2016, Azerbaijani Economy Minister Shahin Mustafayev said. He made the remarks during a meeting with Chinese businessmen in Baku. Azerbaijan is interested in further development of relations with China, the minister noted. He added that there was a big potential…
DetailsATB units are not allowed to sail within water area of Big Port St. Petersburg from November 21 under the order of Port Harbour Master Aleksandr Volkov.
The decision was made amid deterioration of ice situation, subzero temperatures and ice forecasts for the water area of Big Port St. Petersburg. (Portnews/Business World Magazine)
The World Bank (WB) is ready to provide technical assistance to support the strengthening of macroeconomic stability in Azerbaijan, the WB leading expert Naoko Kojo said. Kojo made the remarks during his meeting with Rufat Aslanli, chairman of Board of Directors at Azerbaijan’s Financial Market Supervisory Authority. The sides discussed the current macroeconomic situation in…
DetailsThe Kherson airport after its reconstruction would remain in municipal ownership, as it is a sensitive facility of national defense, governor of Kherson region Andriy Hordeyev has said. “I would like to thank previous governor Andriy Putilov who saw a potential in this facility. Since 2014 jointly with the Cabinet of Ministers we have decided…
DetailsIn October headline inflation was recorded at 2.8%, the press service of the National Bank of Ukraine (NBU) reports. In annual terms headline inflation accelerated to 12.4%, but the inflation dynamics was expectable and met the NBU’s forecast. Meanwhile, core inflation was 6.5% during this period (in monthly terms, the core consumer price index increased…
DetailsNibulon agricultural company in the framework of its strategic plans in the field of inland waterway transport intends to build five new river transshipment terminals and continue building inland and mixed navigation transport ships. According to the company’s presentation, posted on its website, the strategic plan also provides for investing no less than $300 million…
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