Azerbaijan: IBA to be privatized

The ultimate goal of recovering the International Bank of Azerbaijan is to reduce its assets and liabilities and the bank’s privatization should be the next step, Azerbaijan’s Finance Minister Samir Sharifov said. He noted that the bank’s recovery was quite a difficult process and it was too early to talk about its completion. “Unfortunately, the…

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Russia: corn exports to hit record

Corn harvesting in Russia is gaining pace. This grain harvest has been gathered from about 20% of the intended area, but it is already clear now that Russian corn production will be record high. The starting yields pleased producers. Moreover, as harvesting proceeds, corn productivity increases. Given the expansion of corn acreage in the country…

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Belarus: BelAZ launches $17.8 million facility

On September 23, BelAZ heavy-duty truck manufacturer launched its newly-built trimming and acceptance shop supplied by Italy’s IMEL S.p.a., a BelAZ representative reported. The total value of the project stands at $17.8 million. The 3,800-square-metre facility is intended for painting parts and aggregates of dump trucks with 30-450 ton cargo capacity. The Belarusian Automobile Plant…

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Belarus: Belaruskali potash fertilizer output down in January-August 2016

The state-owned OAO Belaruskali produced 3.799 million tons of potash fertilizers (in terms of 100% potassium chloride) in January-August, down by 17.3% YoY, Belarus’ National Statistical Committee (Belstat) said in an official report. In August alone Belaruskali’s potash fertilizer output increased by 3.7% YoY, to 622,800 tons. Belaruskali’s potash fertilizer inventories stood at 87,800 tons…

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Ukraine: groat exports down

During five recent years, Ukraine reduced the exports of groats by nearly 15% per year in terms of fierce competition between the Russian Federation, Belarus and Kazakhstan, the Director of the Association “Millers of Ukraine”, Head of Business Projects Division of APK-Inform Agency Rodion Rybchinskiy declared. At the same time, he noted that Ukraine significantly…

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Ukraine: autumn weather regime entered

Second half of September was moderately warm with air temperature close to norm. Cyclone system, which arrived to Ukraine at the beginning of last week, went through all the territory of Ukraine and changed summer regime into autumn. Intensive rains were observed all over the country early in September. In Polesye and Forest Steppe zones…

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Turkmenistan joins Paris agreement

Turkmen Foreign Minister Rashid Meredov signed the Paris agreement on the sidelines of the General Assembly at the UN headquarters in New York. The agreement is a “road map” of measures that will reduce emissions released to the atmosphere and strengthen resilience to climate change. The Paris agreement was adopted by all 196 sides of…

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Turkmenistan: textile export to go up

The large-scale work is carried out in Turkmenistan to fully reveal the country’s economic potential and increase the textile export, Turkmen President Gurbanguly Berdimuhamedov said at a government meeting. “Turkmenistan creates conditions for bringing the domestic textile industry to a new level by making huge investments in the implementation of major industrial projects”, the President…

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Russia: Knights aerobatic team reportedly receives first Su-30SM fighter jet

The Russian Knights aerobatic team based in Kubinka near Moscow has started receiving the first Sukhoi Su-30SM (NATO reporting name: Flanker-C) multipurpose fighter jets, some Russian Internet sources recently said. According to public sources, the Irkutsk Aircraft-Manufacturing Plant, part of the Irkut Corporation, manufactured the first Su-30SM fighter jet in September. The plane was given…

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