Belarus: investment potential to be presented at Eurasian Forum in Verona

The economic and investment potential of Belarus will be presented at the fifth edition of the Eurasian Forum in Verona, Italy on October 21, spokesman for the Belarusian Ministry of Foreign Affairs Dmitry Mironchik reported. Belarus’ Deputy Minister of Foreign Affairs Yevgeny Shestakov, who co-chairs the Belarusian-Italian commission for economic cooperation, is attending the forum.…


Belarus: corn crop to triple

Cold air temperature, falling below zero at night on the major part of the Belarus contributed to slower vegetation processes of grain crops and winter rapeseed. In the first half of October sum of effective temperatures (above +5 degrees C) totaled about 40-60 C‘, up by 10-20 CYoY. Winter crops sown in mid-September are at…


Azerbaijan offers Iran to boost joint construction of power plants

Joint construction of new power plants by Azerbaijan and Iran will enhance energy stability and export potential of Nakhchivan Autonomous Republic, Etibar Pirverdiyev, head of Azerenergy OJSC, the largest electrical power producer in Azerbaijan, reported. Pirverdiyev said that it was necessary to begin implementation of this project as soon as possible. “This project is very…


Ukraine: investments in economy up

Investments in the Ukrainian economy have grown by $2.5 billion in contrast to last year, Ukrainian Prime Minister Volodymyr Groysman has stated at a meeting of the Cabinet of Ministers of Ukraine. “Investment raising has increased by $2.5 billion, which is 19% higher in contrast to last year. The investment process should be sped up,…


Ukraine: former Polish transport minister Nowak appointed Ukravtodor acting head

Ex-Minister of Transport of Poland Slawomir Nowak has been appointed new acting head of the State Automobile Roads Agency of Ukraine (Ukravtodor). “We believe that managing Ukravtodor requires significant expertise, including international. Our position is that high-quality roads, highways that will connect us with Europe should be built in Ukraine, so the professional level of…


Russia: over 110 million tons of grains harvested

As of October 1, the general production of spring grains and pulses in Russian agricultural organizations reached 110.6 million tons in bunker weight, up by 16.2% YoY, the Federal State Statistics Service of the Russian Federation (Rosstat) announced. According to the announcement, the agricultural organizations, which concentrated 67.9% of the whole planted areas under grains…


Azerbaijan: agricultural products exports up in January-September 2016

In January-September Azerbaijan increased export of agricultural products by 31.9% YoY, the country’s Deputy Minister of Agriculture Seyfaddin Talibov said. He said that about 90% of agricultural products of Azerbaijan was exported to Russia. “We hold 11th place among exporters of agricultural products to Russia”, Talibov said. “2.7% of Russian imports of fruit and 3.5%…


Azerbaijan to present its products at 5 international exhibitions

Entrepreneurs will be able to take part in at least 5 international exhibitions in 2017 through the line of Azerbaijan’s Economy Ministry, the country’s Economy Minister Shahin Mustafayev said. Mustafayev said that in 2017, Azerbaijani businessmen would be able to showcase their products at exhibitions in Dubai (UAE), Moscow (Russia), Habsburg (Switzerland) and Dusseldorf (Germany).…


Azerbaijan: number of business inspections cut

As many as 50 inspections of business activities were carried out in Azerbaijan in January-September, while the figure was 50,000 for the first nine months of last year, the country’s Economy Minister Shahin Mustafayev reported. “Recently, Azerbaijan’s President Ilham Aliyev has taken very significant steps to promote entrepreneurship, support local production and promote non-oil exports”,…


Azerbaijan and Iraq to launch regular passenger and cargo flights

Azerbaijan and Iraq have discussed opportunities for carrying out regular passenger and cargo flights.

The discussion took place as a delegation of Iraqi aviation administration visited Azerbaijan State Civil Aviation Administration.

The delegation also familiarized themselves with the activity of the Heydar Aliyev International Airport. (Azertac/Business World Magazine)

Ukraine: selling prices of agricultural products up in January-September 2016

In January-September in Ukraine the average selling prices of agricultural enterprises for agricultural products increased by 8.6% YoY, the press-service of the State Statistics Service of Ukraine declared. In particular, in the reporting period the average prices for plant growing commodities grew by 20.6%, and the prices for livestock commodities dropped by 0.5%. In September…