Belarus increased truck exports 27.8% YoY in January-September to 3,843 units, Belstat said in a statistical report. In value terms, truck exports grew by 5.4% YoY to $458.717 million; including truck exports to Russia – 2,890 units (up by 47.9%) worth $359.537 million (up by 9.7%). Truck imports in value terms grew by 6% in…
DetailsBelarus and Pskov region (Russia) demonstrated a considerable growth in the mutual trade in a number of positions. Cooperation prospects in various areas were discussed at the meeting of the Belarusian delegation led by Vice Premier Anatoly Kalinin with Pskov region governor Andrei Turchak, spokeswoman for the Belarusian Architecture and Construction Ministry Yevgeniya Filimonova reported.…
DetailsVodafone Ukraine mobile operator (PrJSC MTS Ukraine) in July-September saw its revenues rise by 11.2% YoY, to 2.86 billion UAH. According to the operator, the number of Vodafone Ukraine subscribers as of the end of September reached 20.8 million people. Growth YoY was 2.7%, or 500,000 users. “The main growth factors were universal Voice &…
DetailsAzerbaijan plans to increase the share of alternative and renewable energy sources in the country’s energy balance from the current 16% to 20% until 2020, Rauf Gurbanov, deputy head of department of economy and governmental programs at the State Agency on Alternative and Renewable Energy, said. Gurbanov noted that Azerbaijan had a great potential to…
DetailsAzerbaijan is more than important in ensuring energy efficiency, Erik Somelar, Councellor for Energy at the Delegation of the European Union to Azerbaijan, said. He made the remarks during Azerbaijan Infrastructure, Power and Renewable Energy Investment Conference in Baku. He pointed out that energy was the biggest part in the talks on the new strategic…
DetailsAzerbaijan intends to increase energy efficiency by 20% till 2020, Director of the Institute for Scientific Research on Economic Reforms (ISRER) under the Ministry of Economy of the country Vilayat Veliyev said. He said that these objectives were described in “Azerbaijan 2020: Look into the Future” concept of development adopted by the country’s president. “In…
DetailsUkraine`s GDP grew by 1.8% YoY in the third quarter of 2016, which was a sign of economic recovery in the country. Ukrainian Vice Prime Minister – Economic Development and Trade Minister Stepan Kubiv stated this at a meeting dedicated to the Strategy for Small and Medium Enterprises Development till 2020. “Yesterday Prime Minister Volodymyr…
DetailsAustrian firm OMV CEO Rainer Seele is sure that an asset swap deal with Russian gas giant Gazprom will be signed by the end of the year. Gazprom signed an asset swap agreement with OMV in April. Media reported in September that OMV offered 25% in Norwegian shelf deposits to Gazprom under the deal, but…
DetailsAsian markets were hit by fresh volatility on November 17, as uncertainty permeates trading floors after Donald Trump’s shock election win, while the dollar pushed back up on expectations of a US interest rate hike. Investors have been struggling to ascertain the outlook for the global economy under a Trump presidency after his bellicose rhetoric…
DetailsTurkmenistan and South Korea discussed the issues of cooperation in Seoul, the Turkmen Foreign Ministry reported. The discussion in a multilateral format was held during the ninth “Republic of Korea-Central Asia” cooperation forum, held at the level of deputy foreign ministers from the Central Asian countries and South Korea. The Turkmen delegation, along with other…
DetailsArmenian Foreign Minister Edward Nalbandian declined to elaborate on the country’s inclusion into the European common aviation area. At the press conference on the results of the eighth non-official meeting of the Foreign Ministers of Eastern Partnership countries held in Yerevan, the Armenian FM noted that in the future talks on joining the common aviation…
DetailsKazakhstan’s Energy Minister Kanat Bozumbayev said he had been negotiating with OPEC, but he believed the central Asian energy giant had already cut output enough this year. “Kazakhstan already slashed its oil output this year, and slashed it quite noticeably. We produced about 80 million tons of crude last year and will produce around 76.5…
DetailsUkraine’s economy is starting to recover, while the government is paying every effort to maintain and accelerate that growth as well as reinvest it into the quality of people’s lives. This was stated by Prime Minister of Ukraine Volodymyr Groysman. The Prime Minister noted that recently the International rating Agency Fitch had upgraded long-term Issuer…
DetailsAs of November 1, in Ukraine the production of grains and pulses totaled 56.106 million tons in bunker weight, up by 0.1% YoY, the State Statistics Service of Ukraine declared. According to the official statistics figures, Ukrainian agrarians harvested 13.19 million tons of sunflower seed in bunker weight (up by 19%), and 8.968 million tons…
DetailsAzerbaijan is showing interest in the Belarusian experience of developing agro-towns and the country’s food industry. The matter was discussed at a meeting between Belarus Vice Prime Minister Mikhail Rusy and the Azerbaijani delegation led by Ganja Mayor Elmar Valiyev on November 16. “Since you are interested in agriculture and, first of all, agro-towns, we…
DetailsAs of November 15, Ukrainian agrarians harvested 59.285 million tons of grains throughout the areas of 13.279 million ha, or 93% of the plan. The average yield totaled 4.46 ton/ha, the Ministry of Agrarian Policy and Food of Ukraine reported. At the same time, on the same date last year the production volumes reached 58.4…
DetailsThe Asian Development Bank (ADB) can act as a shareholder in Azerbaijani companies, the country’s Economy Minister Shahin Mustafayev said. He made the remarks in Baku on November 15, at a meeting with ADB Vice President Wencai Zhang, responsible for operations in the ADB South Asia Department and the Central and West Asia Department. During…
DetailsAzerbaijan did a great job to ensure efficiency in transit transportations, Counselor for Economic Affairs at the US Embassy Carter Wilbur said. He made the remarks on November 16, during the Azerbaijan Infrastructure, Power and Renewable Energy Investment Conference in Baku. Azerbaijan, Turkey, Kazakhstan and Georgia did a great job to improve the speed and…
DetailsThe Belarusian industrial group Belorusneft will use a new technology of its own design to rack up oil extraction in Ukraine, the company’s press service reported. In line with the agreement with the Ukrainian company Universal Drilling Technique (aka UniDrillTech) Belarusian specialists intend to carry out five special operations using the technology that has been…
DetailsFalling grain deliveries by trucks have resulted in a heavier load on railways. At the same time, the railcar fleet, which consists of 11,500 to 13,000 grain-carrying cars according to different estimates, constantly shrinks and is 95% worn-out. Since the Ukrainian Railways merely lacks money to replace its railcar fleet, the only way out is…
DetailsEnterprises of the Belarusian Industry Ministry are invited to take part in the project to set up a Russian industrial zone in Egypt. The project was presented during the latest session of the joint board of the Belarusian Industry Ministry and the Russian Industry and Trade Ministry in Moscow. The invitation was extended by Russian…
DetailsPlans have been made to adopt a document formalizing the intended figures of food export to Russia in February 2017, Belarusian Agriculture and Food Minister Leonid Zayats reported. The official specified that Belarus was planning to sell some 4.1 million tons of milk and dairy products and over 300,000 tons meat and meat products to…
DetailsBelarus has resumed the deliveries of jet fuel produced by OJSC Naftan to Ukraine, Commercial Director of CJSC Belarusian Oil Company (BNK) Sergey Grib has said. “We have resumed deliveries to the Ukrainian market this month. We have talks with our Ukrainian colleagues, we have found understanding: in order to monitor and combat jet fuel…
DetailsUkrainian farmers are completing sunseed harvesting. As of November 14, they harvested 5816 thousand ha, or 98% of the intended area (5916.2 thousand ha). That was 16% more than on the same date last season (4992 thousand ha). Farmers obtained 13159 KMT of sunseed with an average yield of 2.26 MT/ha, which is an all-time…
DetailsBelarus’ gross domestic product (GDP) reduced by 2.8% YoY in January-October to 78.097 billion Belarusian rubles ($39.87 billion at the central bank’s exchange rate), an official with Belarus’ National Statistics Committee reported. Industrial output in January-October fell by 1.5% YoY to Br64.93 billion ($33.15 billion). Farm output grew b 3.8% YoY to Br13.547 billion ($6.92…
DetailsBelarusian Minister of Foreign Affairs Vladimir Makei met with Michael Harms, Executive Director of Germany’s Committee on Eastern European Economic Relations, to discuss ways to step up the cooperation between the two countries, the press service of the Belarusian Ministry of Foreign Affairs reported. “The parties discussed prospects for bolstering the trade and investment cooperation…
DetailsPresident of Azerbaijan Airlines CJSC (AZAL) Jahangir Asgarov and Director General of Kuwait’s Civil Aviation Yousef Sulaiman Al Fouzan signed an intergovernmental agreement on air traffic between the two countries on November 16. By signing the intergovernmental agreement, the sides removed obstacles to open air traffic between the two countries that would contribute to further…
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