Inflation in Kazakhstan will remain within the target range of 6-8% in 2017 and will begin to smoothly enter into the corridor of 5-7% in 2018 on the baseline scenario, Kazakh Economy ministry says in its forecast. The baseline scenario envisages Brent oil price at $40 per barrel. “Inflation will slow down as a result…Details
In January-September the foreign trade deficit in goods in Ukraine totaled $1.761 billion against $710.2 million of the proficit in the same period last year, the State Statistics Service of Ukraine reported. In particular, in January-September the exports of commodities from Ukraine totaled $25.875 billion, down by 8.7% YoY. The import volumes of goods to…Details
Development of the exports of niche products, grains and oilseeds by-products from Ukraine is a priority for the Ministry of Agrarian Policy and Food, the Deputy Minister of Agrarian Policy and Food of Ukraine for European Integration Olga Trofimtseva declared. According to her, small- and medium-scale farmers are the main players on the reporting market…Details
National Nuclear Generating Company Energoatom is preparing to export electricity to Belarus, Energoatom President Yuriy Nedashkovsky said. “We are working on exports of electricity to Belarus. This is a framework agreement. It was approved by Belarus and Ukraine. I signed it. Of course, Ukrenergo, Energomarket and the whole range of participants are to sign it”,…Details
Kazakhstan Garysh Sapary National Company announced it had invited investors for the construction of the 2nd stage of the National Space Center. The guests and citizens of the Kazakh capital walking or driving along the Turan Avenue towards the Astana Airport or back could have already noticed an unusual orange-blue building of the National Space…Details
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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…Details
Burkina 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…Details
Bellesbumprom 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…Details
Belarus’ 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…Details
The 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…Details
Belarus 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…Details
Belarus’ 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…Details
The 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…Details
Development 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…Details