Latvia’s meat processor Forevers is aiming to increase its revenues by up to 5% in 2016, the company announced following the release of its improved sales results for last year. To enable this, Forevers is currently implementing a number of investments to raise its output capacity. For 2015, Forevers reported sales of some 30.1 million…
DetailsOn September 10, after being fueled up and supplied with all the necessary stuff the Kapitan Dranitsyn icebreaker left for the Kara Sea area to make unique researches, the press center of FSUE Rosmorport announced. During a month Kapitan Dranitsyn will make a propulsion of icebergs for the first time with the scientific assistance of…
DetailsIranian companies have invested $2.6 billion in Azerbaijan’s economy, Azerbaijan’s Deputy Economy Minister Sahil Babayev said. The deputy minister said that only $145 million of this amount was invested in the non-oil sector. Around 450 companies with Iranian share operate in Azerbaijan, Babayev added. “The relations between Azerbaijan and Iran have entered a new phase.…
DetailsOn September 12-18, the export volumes of grains from the Russian seaports reached 229.4 thousand tons, against 429.8 thousand tons shipped in the previous week.
In particular, the wheat shipments totaled 112.9 thousand tons, barley – 77.5 thousand tons, corn – 32.5 thousand tons, and peas – 6.5 thousand tons. (APK-Inform/Business World Magazine)
On September 16, on completion of the Eid al-Fitr celebration, as soon as the banking day was opened in Turkmenistan, Turkmenhowayollary (Turkmenistan Airlines) transferred cash to the accounts of the Russian air navigation service provider, FSUE “State ATM Corporation” for services previously rendered in full. All restrictions on Turkmenistan Airlines’ flights in Russian airspace have…
DetailsIn H1 2016 financing of labor protection measures of JSC “Sea Port of Saint-Petersburg” (SP SPb, part of UCL Holding) amounted to 14.3 million rubles. Major part of the funds SP SPb transferred for reimbursement payments for work, which was considered in accordance with requirements of Labor legislation of RF and provisions of Collective Bargaining…
DetailsFrench company Danone is considering the prospects of purchasing a third dairy plant in Belarus. Belarusian Prime-Minister Andrei Kobyakov made a statement to this effect at a meeting with French Ambassador in Minsk Dominique Gazuy upon completion of her diplomatic mission to Belarus. The premier said: “French companies have been paying attention to Belarus in…
DetailsEstonia’s capital Tallinn was named a Top-Rated Baltic & Scandinavia Cruise Destination in Cruise Critic’s first-ever Cruisers’ Choice Destination Awards. According to the Cruise Critic’s consumer feedback submitted on the Cruise Critic website over the past year the top 5 destinations of the Baltic Sea region are: 1. St. Petersburg; 2. Tallinn; 3. Stockholm; 4.…
DetailsOAO Belarusbank jointly with Russia’s Roseximbank will provide special-terms financing for supplies of high-tech products from Russia to Belarus, the Belarusian bank said in a press-release. Operating as part of Russian Export Centre Group, Roseximbank has been financing Russia’s high-tech products facilitation program since 2015. The banks will provide documentary credit financing in support of…
DetailsBelarus’ gross domestic product (GDP) reduced by 3% YoY in January-August to 60.8 billion Belarusian rubles ($31.1 billion at the central bank’s exchange rate), an official with Belarus’ National Statistics Committee reported. Industrial output in January-August fell by 1.8% YoY to Br51.5 billion ($26.3 billion). Farm output reduced by 2.2% to Br8.4 billion ($4.3 billion).…
DetailsBelarus’ industrial output decreased by 1.8% YoY in January-August to 51.528 billion Belarusian rubles (Br), or $26.325 billion at the official rate of the National Bank, the National Statistical Committee (Belstat) reported. Production of coke, oil products and nuclear materials reduced by 7.2% YoY in January-August to 7.58 billion rubles ($3.872 billion). The output of…
DetailsOpening Iran-Khodro’s new site in Azerbaijan will turn Azerbaijan into the company’s export hub in Central Asia and the Caucasus. Iran-Khodro plans to manufacture 10,000 cars per year in Azerbaijan, which will be exported. Car imports to Azerbaijan fell after introducing the Euro-4 ecological standard over a year ago. In the first half of 2015,…
DetailsAs of September 1, the general production of spring grains and pulses in Russian agricultural organizations reached 88.7 million tons in bunker weight, up by 25.6% YoY, the Federal State Statistics Service of the Russian Federation (Rosstat) announced. The agricultural organizations, which concentrated 67.9% of the whole planted areas under grains and pulses (excluding corn),…
DetailsUTair Aviation served the millionth Surgut International Airport passenger on September 16 Visiting Surgut on her way home to Ufa, Elvira Zaripova became the millionth passenger at the airport. Representatives of UTair and Surgut International Airport held a ceremony to award the jubilee passenger in the check-in area. The Ufa native was presented with a…
DetailsUralkali in association with Uralchem, have presented a new joint project at the Khimia-2016 exhibition – production of granular amines. Granular amines are unique for the Russian chemical industry; they are intended to replace imported analogues in the domestic market. This is one of the basic reagents used in the flotation method of processing of…
DetailsAccording to market operators, since the beginning of September Ukrainian exporters shipped 150 KMT of wheat to India. It should be noted, that over July-August Ukraine exported about 240 KMT of wheat in this destination. India started purchasing Ukrainian wheat in June, buying about 52 KMT. Last time India bought Ukrainian wheat was 10 years…
DetailsAeroflot will remain under majority Russian government control until at least 2020, Oksana Tarasenko, the Director of the Corporate Governance Department in Russian Ministry of Economic Development, reported. In February the carrier was touted as a possible candidate for privatization after Moscow announced plans to sell off various state-owned corporations and shareholdings in a bid…
DetailsIn January-August the production volumes of agricultural commodities in Ukraine increased by 1% YoY at the expense of rising production volumes of plant growing commodities, the State Statistics Service of Ukraine announced. In particular, the production of plant growing products grew by 1.7%, while livestock products output was down by 2.4%. According to the statistics…
DetailsOn September 16, Ukraine International Airlines (UIA, Kyiv) serviced its first direct regular flight between Vilnius and Lviv. The press service of the airline reported that new flights connecting Lviv and Vilnius would be serviced twice a week using Boeing-737 and Embraer-190 planes with business and economy classes. Until October 12, UIA offers tickets from…
DetailsSince the beginning of 2016/2017 MY, Ukraine exported 8.51 million tons of grains, the Ministry of Agrarian Policy and Food of Ukraine declared. In particular, wheat exports totaled 5.1 million tons, corn – 583 thousand tons, and barley – 2.78 million tons. Also, flour exports reached 64.4 thousand tons. According to the announcement, nearly 435…
DetailsRespective bill No. 5000 was posted on the parliament’s website. At the same time, there is neither text of the document nor addenda available on the website. In keeping with the budget resolution for 2017, the Ukrainian government plans to set the minimum wages at the same level as the subsistence rate. The 2016 national…
DetailsAzerbaijan’s state oil company SOCAR intends to diversify its financial channels, the company’s president Rovnag Abdullayev reported. He made the remarks during the presentation of SOCAR bonds for Azerbaijani citizens. Abdullayev pointed out that SOCAR was implementing a new strategy to strengthen its positions at the international level. Eurobonds have been issued successfully, he said,…
DetailsRussia hopes to restore air travel with Egypt by the end of 2016, Deputy Foreign Minister Mikhail Bogdanov, special presidential representative for the Middle East and Africa, reported. “We hope. The sooner the better”, he said, adding that Moscow must be sure that Egypt had done everything to ensure safety of Russian tourists. Moscow suspended…
DetailsThe Azerbaijani state oil company SOCAR plans to sign a new contract on the development of the Umid-Babek block of gas fields in the Caspian Sea by late 2016 to raise funds from international institutions and companies, Rovnag Abdullayev, SOCAR head, reported. “In general, the work is underway at the Umid field”, he said. “Drilling…
DetailsAs of September 15, Russian agrarians continued harvesting grains and pulses. Agrarians harvested grain crops throughout the general areas of 38.5 million ha (on the same date in 2015 – 34 million ha), or 81.4% of the planned areas (47.3 million ha). The produced volumes reached 103.2 million tons of grains, with the average yield…
Details