Due to predominantly below-normal temperatures, winter crops faced bad weather conditions for their growth and development in October. In most of the country, the accumulated sum of effective degree-days was lower than in October 2015 when winter crops were also exposed to warmth shortages. Winter crops stopped active growth one or two weeks ahead of…
DetailsThe 26th meeting of the Trade and Transport Facilitation (TTF) Project Steering Committee of the GUAM Organization for Democracy and Economic Development will be held in Azerbaijan, the country’s State Customs Committee said in a message. The decision was made during the 25th meeting of the committee in the city of Lviv, Ukraine. At the…
DetailsAzerbaijan’s Financial Market Supervisory Authority has presented a map of bank branches and offices in top tourism destinations in the country. Besides Baku, the map also covers main tourism regions of Azerbaijan – Ganja, Guba, Gabala and Shaki. The bank branches that operate around-the-clock and on weekends are highlighted on the map. The map was…
DetailsA meeting between the Azerbaijan Caspian Shipping CJSC and a delegation of Iran’s Ports and Maritime Organization was held in Baku. During the meeting, the sides noted necessity to develop cooperation in navigation. Jabbar Jalilian, head of the Iranian delegation, expressed confidence in the capacity to implement joint projects with the Azerbaijani company. The parties…
DetailsTrade turnover between Azerbaijan and China increased by 56% YoY in the nine months of 2016, Azerbaijani Economy Minister Shahin Mustafayev said. He made the remarks during a meeting with Chinese businessmen in Baku. Azerbaijan is interested in further development of relations with China, the minister noted. He added that there was a big potential…
DetailsATB units are not allowed to sail within water area of Big Port St. Petersburg from November 21 under the order of Port Harbour Master Aleksandr Volkov.
The decision was made amid deterioration of ice situation, subzero temperatures and ice forecasts for the water area of Big Port St. Petersburg. (Portnews/Business World Magazine)
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…
DetailsSunseed exports totaled 2.9 KMT in September against 1.8 KMT in August and 1.4 KMT in September 2015. The downward trend in sunseed export deliveries was broken in the previous season of 2015/2016. In the new season of 2016/2017 Ukraine is expected to get a bumper harvest of sunseed, realize its export potential and ship…
DetailsIn 2017 Kernel plans to use its processing capacities to full extent and increase sunflower seed crush to 3 MMT. Record sunflower crop in Ukraine will increase availability of additional raw material on the market, which has higher profitability compared to other crops. Sunflower crop in Ukraine will reach record 14 MMT and processing will…
DetailsDonald Trump’s victory in the US presidential elections denotes that a new era is underway both in world economy and world policy, Levente Kozma, the former Hungarian senior foreign policy advisor, reported. In his victory speech, Trump promised to create major infrastructural projects, as well as several million new jobs, according to Kozma. Kozma added…
DetailsThe markets of South-East Asia is a strategic direction for the exports of Ukrainian agricultural products, the Deputy Minister of Agrarian Policy and Food of Ukraine for European Integration Olga Trofimtseva declared. To date, Asian countries take a significant share in the regional exports structure of Ukrainian agricultural products – more than 45% (nearly $5…
DetailsSOCAR Turkey Enerji A.S., a subsidiary of Azerbaijan’s state oil company SOCAR, wants to create a chemical industrial park, Hayati Ozturk, chief advisor of SOCAR Turkey Enerji A.S., said. Ozturk said that creation of a chemical industrial park was an innovation for Turkey. He noted that the demand for chemical products was increasing in Turkey…
DetailsRussian banks have slowed down their activeness in Kazakhstan. The total loan portfolio of Kazakh subsidiaries of Russian banks decreased by 154 billion tenges, or by 11% since the beginning of 2016. The loan portfolio of Russian banks in Kazakhstan is reducing faster than the loan portfolio of other banks – the total loan portfolio…
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