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…
DetailsPalestine’s President Mahmoud Abbas is on a visit in Turkmenistan on November 13-15. Palestine and Turkmenistan are slated to sign documents on strengthening and expansion of cooperation following a meeting between Abbas and the Turkmen President Gurbanguly Berdimuhamedov. Priority areas of bilateral relations will be discussed in the upcoming high-level negotiations between Turkmenistan and Palestine…
DetailsAzerbaijan’s state oil company SOCAR plans to get hold of up to 10% of the Romanian energy market in a short period of time, SOCAR said in a message quoting Hamza Karimov, director general of SOCAR Petroleum SA, a SOCAR subsidiary in Romania. Karimov was addressing the Romania Oil and Gas Conference and Exhibition 2016…
DetailsUzbekistan will export 1 million tons of fruit and vegetables by late 2016, Ulugbek Rozukulov, Uzbek deputy prime minister, said at the first International Fruit and Vegetable Fair in Tashkent. “Uzbekistan exported around 700,000 tons of agricultural products in 10 months of 2016 and this figure will reach one million tons by late 2016”, Rozukulov…
DetailsIn January-October the Port of Tallinn handled 17.01 million tons of cargo (-11%, YoY). According to the Port Authorities, transshipment of containers dropped by 4.9% to 167,780 TEUs. Transshipment of loose bulk cargo increased by 25.3% to 3.03 million tons, liquid bulk cargo dropped by 25.8% to 8.29 million tons, general cargo – by 4.2%…
DetailsNational energy company Ukrenergo believes that the key tasks for European integration is the complete integration of Ukrainian power grid with the European Network of Transmission System Operators (ENTSO-E) and the introduction of a new market model in line with the bill on the electricity market passed at first reading. Ukrenergo Director for Communications and…
Details“Antonov” aircraft, Ukrainian armored vehicles and other developments of the SC “UkrOboronProm” attracted the most attention not of the visitors’ only, but also hosts of international exhibition Indo Defence-2016. Ukrainian specialists held talks with many Indonesian national security, defense and law enforcement agencies, most of which were held directly at the stand of the State…
DetailsPJSC Kriukov Car Building Works (KCBW, Poltava region) and PJSC Ukrzaliznytsia intend to cooperate in production and modernization of rolling stock for Ukrainian railways as the parties have signed a corresponding memorandum. According to the press service of Ukrzaliznytsia, the document was signed by KCBW head Volodymyr Prykhodko and Ukrzaliznytsia chairman Wojciech Balczun, as well…
DetailsKazakh and South Korean presidents Nursultan Nazarbayev and Park Geun-hye discussed the expansion of cooperation in the energy sector and the possibility of implementing joint projects in oil and gas processing. The discussions took place in an expanded format meeting in Seoul on November 10, Kazakh presidential press service said. The parties also discussed the…
DetailsKazakhstan and South Korea signed 23 documents worth $640.2 million during a bilateral business forum held in Seoul. The forum, attended by 350 businessmen from the companies of both countries, was held on November 10 during the visit of Kazakh President Nursultan Nazarbayev to South Korea. The agreements were signed in the spheres of healthcare,…
DetailsKazakhstan is expected to be the second largest source of non-OPEC supply growth after Brazil in 2017, OPEC said in its monthly oil market report published on November 11. Kazakhstan’s oil production forecast was revised up by 10,000 barrels per day (bpd) compared to the previous report published in October. According to the new report,…
DetailsIranian Ports and Shipping Organization officials during a visit to Baku discussed prospects of bilateral cooperation with their Azerbaijani counterparts. The Iranian delegation was led by Managing Director of Ports and Maritime Organization Jabar Jalilian, while the Azerbaijani side was represented by Rauf Valiyev, the chairman of Azerbaijan Caspian Shipping Company. The sides discussed cooperation…
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