Russia: Internet economy to grow in 2016

The economy of the Russian segment of the Internet, widely known as the Runet, will add 16.7% in 2016 to 1.581 trillion rubles, the Russian Association for Electronic Communications (RAEC) said. The growth is secured by a number of factors, including expansion of users’ expertise in Internet surfing, an omnipresent access to the Web and…

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Kazakhstan has sufficient grain volumes for consumption and exports

During several recent seasons, Kazakhstan demonstrated significant differences in the grain harvest volumes per year. However, even in bad harvest years grain production volumes were enough to completely meet the country’s domestic and export requirements, the Director of the Grain Processors and Bakers Union of Kazakhstan Evgeny Gan declared. He said that previously wheat covered…

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Russia: FESCO and Rusagro to arrange special-purpose site to handle agricultural products

FESCO Transportation Group and Rusagro Group have signed an Agreement of intent to arrange a special-purpose technology based on the Vladivostok Commercial Sea Port (part of FESCO Group) infrastructure to handle export agricultural products, FESCO says in a press release. The agreement is intended to optimize the supply logistics of Rusagro goods to the Asia…

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Bulgaria ready to export wide range of products to Azerbaijan

Bulgaria is interested in exporting a wide range of products to Azerbaijan, Bojidar Loukarsky, Bulgarian minister of economy, said. He added that the issue was pharmaceutical products and medical equipment, clothing, food and other agricultural products, building constructions, as well as the construction of mini-plants for vegetable and fruit processing, etc. “Bulgaria is greatly interested…

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Azerbaijan: Bulgaria prevents investing in occupied territories

Azerbaijan appreciates Bulgaria’s constructive stance regarding prevention of any unlawful acts, including attraction of the Bulgarian capital and resources to Azerbaijan’s occupied territories, the country’s Minister of Transport Ziya Mammadov said. “This year, the Foreign Ministry of Azerbaijan has submitted a report on the illegal economic and other activities in the occupied territories of Azerbaijan…

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Bulgaria interested in supplying Azerbaijani gas to Europe

Bulgaria confirms great interest in the implementation of the Southern Gas Corridor project, designed to transport Azerbaijani gas to Europe, Zhecho Stankov, Bulgarian deputy energy minister, said.

Stankov made the remarks at the meeting of the Azerbaijani-Bulgarian intergovernmental commission on economic cooperation in Baku on September 29. (Trend/Business World Magazine)

Azerbaijan: biggest Chinese petchem company to start operating

China’s petrochemical company Xinjiang Beiken Energy Engineering Stock Co., Ltd has opened its office in Azerbaijan. The company registered its office through the “single window” system of the Ministry of Taxes. The Chinese company’s official representative in Azerbaijan is an Australian citizen Gao Yang. Xinjiang Beiken Energy Engineering Stock Co., Ltd is based in Karamay,…

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Ukraine: Ukrzaliznytsia testing GE diesel locomotive

Public joint-stock company Ukrzaliznytsia is testing TE33€ freight diesel locomotive made by General Electric Corporation (the United States). “The General Electric’s locomotive is being tested in Ukraine. The tests will last for four months. All its capabilities will be tested”, Ukrainian Infrastructure Minister Volodymyr Omelyan said at the presentation of the locomotive in Kyiv. He…

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